Category: Technial Analysis

Dollar reversed gains made in the first half of Thursday session with the DXY shedding nearly half a percentage point after EU and UK central banks signaled that they would be catching up with the Fed in terms of policy tightening. The Bank of England raised the rate to 0.5%, however, the fact that 4 […]

Daily Market Outlook, February 3, 2022 Overnight Headlines Fed’s Daly: ‘Gradual’ Rate Hikes Won’t Derail The Economy Biden’s Three Fed Board Nominees Vow To Tackle Inflation Yellen Sets Inflation Blame Abroad, Defends Biden Stimulus US House China Competition Bill Set For Passage This Week US Sends 3,000 Troops To Aid Allies In Russia-Ukraine Crisis Putin […]

• FTSE100 reversed from resistance zone • Likely to fall to support level 7500.00 FTSE100 index recently reversed down from the resistance zone lying between the key resistance level 7600.00 (which has been reversing the index from the middle of January) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the […]

XAUUSD, “Gold vs US Dollar” XAUUSD is trading at 1805.00; 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 1810.00 and then resume moving downwards to reach 1765.00. Another signal in favour of a further downtrend will be […]

EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1329, EURUSD is consolidating around 1.1300. Possibly, today the pair may correct down to 1.1280 and then start another growth to break 1.1330. Later, the market may continue trading upwards with the short-term target at 1.1403. GBPUSD, “Great Britain Pound vs US Dollar” After […]

Slight Reduction In Oil LongsThe latest CFTC COT institutional positioning report shows that oil traders cut their net-long positions last week, bringing total upside exposure back from the ten-week highs recorded over the prior week. While the market remains overwhelmingly long, some corrective action is to be expected and, at less than 10%, the reduction […]

CitiEuropean OpenSome markets reopened in Asia, following Lunar New Year Holidays. However, we note that CNY/HKD/TWD are still on holiday. In terms of moves, the plunge in equity futures late in NY session was the highlight, as sour earnings caused 2% dips. USD modestly gained in the Asian session, continuing a trend seen in NY, […]

• EURAUD broke resistance zone • Likely to rise to resistance level 1.6125 EURAUD currency pair recently broke the resistance zone lying between the key resistance level 1.5950 (which has been reversing the pair from January) and the 61.8% Fibonacci correction of the previous ABC correction (2) from December. The breakout of this resistance zone accelerated […]

• EURUSD reversed from support zone • Likely to rise to resistance level 1.1470 EURUSD currency pair recently reversed up sharply from the support zone lying between the major support level 1.12 (which has been reversing the pair from the middle of 2020) and the lower weekly Bollinger Band. This support zone was further strengthened by […]

EURUSD stopped rising before the ECB meeting. The major currency pair took a break from growing before the ECB meeting. the current quote for the instrument is 1.1300. The CPI Flash Estimate in the Euro Area showed 5.1% y/y in January after being 5.0% y/y the month before; it’s a new high for the indicator. […]