Category: Technial Analysis

EURUSD continues rising; the risk attitude pushes the asset upwards. The major currency pair is strengthening in the middle of the week. The current quote for the instrument is 1.1288. Risk attitude in global financial markets is now pretty high – that deprives the “greenback” of the support it got used to and helps the […]

EURUSD, “Euro vs US Dollar” EURUSD is still growing with the short-term target at 1.1300. Later, the market may start a new correction to reach 1.1220 and then form one more ascending structure with the target at 1.1320. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the ascending wave at 1.3500, GBPUSD is still […]

• Dow Jones reversed from support zone • Likely to rise to resistance level 36400 Dow Jones index recently reversed up with the weekly Hammer from the support zone lying between the key support level 33425.00 (which has been reversing the index from the start of 2021) and the lower weekly Bollinger Band. This support zone […]

• Natural gas broke resistance zone • Likely to rise to resistance level 5.50 Natural gas recently broke the resistance zone lying between the key resistance level 4.500 (top of the previous impulse wave 1) and the 50% Fibonacci correction of the previous sharp downward impulse from November The breakout of this resistance zone accelerated the active […]

GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, after falling and reaching 61.8% fibo, GBPUSD is correcting upwards. If this correctional uptrend is transformed into a proper rising wave, the price may grow to break the local high at 1.3749 and then reach the key resistance at 1.3834. […]

GBPUSD took a break amid a series of increases; however, it is still looking great.  The British Pound paused its growth against the USD on Wednesday. The current quote for the instrument is 1.3533. The statistics published by the United Kingdom were reasonably positive. For example, the Mortgage Approvals showed 71K in December after being […]

CAD GDP Up NextThe release of Canadian GDP today will be closely watched following the recent BOC meeting. While the bank somewhat disappointed CAD bulls by holding off from any policy adjustments, it was firmly hawkish in its outlook. In terms of guidance, the BOC governor said that the bank expects to make several adjustments […]

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may no […]

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 […]