Category: Technial Analysis
Coca Cola Earnings In FocusUS beverage icon Coca Cola is due to report Q4 2021 earnings today and the release is drawing plenty of attention. KO shares have been in a firm upward trend since the December lows, printing a near 20% rally. Over the last 24 hours we’ve seen heavy selling, however, as traders […]
• FTSE 100 broke key resistance level 7620.00 • Likely to rise to resistance level 7800.00 FTSE 100 index recently broke above the key resistance level 7620.00 (which has been reversing the price from the middle of January as can be seen from the daily FTSE 100 chart below). The breakout of the resistance level […]
• Silver reversed from support level 22.00 • Likely to rise to resistance level 24.55 Silver recently reversed up from the key support level 22.00 (which has been reversing the price from the end of 2020 as can be seen from the weekly Silver chart below). The upward reversal from the support level 22.00 continues […]
USDJPY has been rising for the third consecutive trading session; investors don’t need “safe haven” assets. The Japanese Yen continues falling against the USD. The current quote for the instrument is 115.77. Today’s statistics showed that the PPI in Japan was 8.6% y/y in January, a bit worse than in December, but better than the […]
EURUSD continues consolidating in anticipation of the US inflation data. The major currency pair is consolidating on Thursday. The current quote for the instrument is 1.1443. As a matter of fact, there is nothing going on right now around EURUSD. Investors are focused on the US inflation report for January to be published in the […]
Type: Bullish ContinuationKey Levels:Resistance: 154″17Pivot: 153″10Support: 152″18Preferred Case:Price is trading in a descending channel and near pivot level of 153″10 in line with 23.6% Fibonacci retracement. Price can potentially go to the resistance level of 154″17 which is in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by the […]
Daily Market Outlook, February 9, 2022 Overnight Headlines Biden Is Set To Meet With Utilities In New Push For Climate Spending House Passes Short-Term Government Funding Bill, Sends To Senate US Lawmakers Move Closer To Agreement On Russia Sanctions Bill Fed’s Daly Warns US Inflation Could Get Worse Before It Gets Better Fauci Declares Full […]
CIBCFX FLOWSFixing demand for $YEN but was subsequently sold by Japanese, believed to be the usual exporters. I also learned that the retail sector was also selling, adding to short USD positions. Japanese names also sold EUR¥ which has gotten several specs bullish. $YEN stayed under pressure, 10-year UST yields closed 1.96% over in North […]
Type: Bullish ContinuationKey Levels:Resistance: 15621.25Pivot: 14826.75 Support: 14510.25Preferred Case:Price is near pivot level of 14826.75 in line with 50% Fibonacci retracement. Price can potentially go top the resistance level of 15261.25 which is also 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the ichimoku cloud indicator.Alternative Scenario:Price can potentially dip […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating a possible ascending tendency; right now, the asset is rebounding from the resistance at 8/8. In this case, the price is expected to correct down to the support at 6/8. However, […]