Category: Technial Analysis

EURUSD rebounded from its local bottom and is trying to regain its positions.   The major currency pair recovered a little bit on Monday. The current quote for the instrument is 1.1177. The first supporting factor is that the craze around the US Fed January meeting is dying down – all the statements, decisions, and […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7135; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7070 and then resume moving downwards to reach 0.6865. Another signal in favour of a further downtrend will be […]

Type: Bearish ReversalKey Levels:Resistance: 90.248Pivot: 89.066Support: 85.537Preferred Case:Prices are consolidating in an ascending triangle. We see the potential for a dip from our Pivot at 89.066 in line with 127.2% Fibonacci extension and 161.8% Fibonacci projection towards our 1st support at 85.537 in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Divergence is spotted […]

Type: Bearish ReversalKey Levels:Resistance: 81.273Pivot: 80.932Support: 80.237Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 38.2% Fibonacci retracement towards our 1st support at 80.236 in line with 127.2% Fibonacci extension. Prices are trading below our ichimoku clouds, further supporting our bearish […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after attempting to reach the high at 1877.09, XAUUSD is forming a steady wave to the downside and has already returned to 38.2% fibo tested earlier. The next downside targets may be 61.8% and 76.0% fibo at 1730.00 and 1696.10 respectively. The […]

EURUSD, “Euro vs US Dollar” After reaching the target at 1.1125, EURUSD is growing towards 1.1186 and may later fall to reach 1.1148, thus forming a new consolidation range between the two latter levels. A breakout of this range to the upside may result in a new ascending wave with the first target at 1.1220. […]

Credit AgricoleAsia overnightAhead of the Lunar New Year holiday period in Asia, sentiment enjoyed a modest bounce spurred on by better-than-expected China PMI data as well as some growing investor comfort with higher rates; Chinese technology stocks led the rally. Most Asian bourses as well as S&P 500 futures were higher at the time of […]

Daily Market Outlook, January 31, 2022 Overnight Headlines Fed’s Bostic: Could Do Half-Point March Hike If Needed Goldman Expects Five Fed Reserve Rate Hikes This Year US Democrats Put Build Back Better In Manchin’s Court Russia Sanctions Bill Closer In Senate Ahead Of Briefings Pentagon See Putin Still Adding Troops Around Ukraine US Seek N […]

The Fed held a meeting this week and signaled that it will conduct monetary policy tightening much faster than its peers and faster than market participants expected. Now rumors are centering around a possible Fed rate hike at the next meeting by 50 bp.Next week the decision on the interest rate will be made by […]

Kiwi Comes Under PressureAnother week comes to a close in financial markets, and we’re also rounding out the first month of the year. I hope it’s been a great start to the year for you all. In terms of market action this week, there’s been plenty going on, however, it seems that the move catching […]