Category: Technial Analysis

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Long-Legged Doji reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its rising impulse. In this case, the upside target is the resistance area at 1830.00. At the same time, an opposite scenario […]

Job postings in the United States surged to near record highs in December, implying that the slowdown in employment growth at the close of last year was mostly due to labor shortages. Job vacancies, a gauge of labor demand, increased by 150,000 to 10.9 million on December 31st, not far from the all-time high of […]

Long-term rates in the US have been creeping down for the fourth session in a row amid warnings from major US investment banks that previous forecasts for the growth of the US economy for 2022 may be too optimistic. Goldman lowered its growth forecast for 1Q and for the full year for the third time […]

Rate Hikes Off The Table For NowThe Australian Dollar has been a little weaker over the European session so far on Tuesday following the February RBA meeting overnight. The RBA held off from announcing any rate hikes though the bank did outline that its pandemic-driven stimulus program would now cease. So far so good, this […]

EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1180 along with the correction towards 1.1144. EURUSD is growing with the short-term target at 1.1300. Later, the market may start a new correction to reach 1.1222 and then form one more ascending structure with the target at 1.1320. GBPUSD, “Great Britain Pound vs […]

EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1241; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1275 and then resume moving downwards to reach 1.1040. Another signal in favour of a further downtrend will be […]

Today, Tuesday, the American Exxon Mobil Corporation announced its profits in the fourth quarter of 2021, reaching 8.87 billion dollars, the largest in 7 years, which led to a rise in profits for the whole year to 23 billion dollars. ExxonMobil’s earnings were driven by higher energy prices over the past period, which was reflected […]

• Boeing reversed from powerful support level 186.70 • Likely to rise to resistance level 210.00 Boeing recently reversed up with the daily Morning Star from the support zone set between the powerful support level 186.70 (which has been reversing the price from November) and the lower daily Bollinger Band. The upward reversal from this […]

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, EURUSD is forming the structure of the ascending wave with the first target at 1.1313. Later, the market may correct towards 1.1220 and then resume trading upwards to break 1.1420. After that, the instrument may continue growing with the short-term target at […]

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, the downtrend continues as the asset is heading towards 76.0% fibo at 1.1047. At the moment, the pair is correcting upwards after completing the previous descending impulse. After the pullback is over, EURUSD may resume falling towards its key target. At the […]