Category: Technial Analysis
• EURCAD reversed from resistance level 1.4645 • Likely to fall to support level 1.4400 EURCAD currency pair recently reversed down strongly from the key resistance level 1.4645 (which has been reversing the price from May of 2021). The resistance zone near the resistance level 1.4645 was strengthened by the upper daily Bollinger Band. EURCAD […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave along with the correction, EURUSD has formed a new consolidation range near the highs. Possibly, today the pair may break the range to the downside and correct towards 1.1366. Later, the market may resume trading upwards with the target at 1.1427. GBPUSD, “Great Britain Pound […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9252; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9230 and then resume moving upwards to reach 0.9410. Another signal in favour of a further uptrend will […]
Daily Market Outlook, February 7, 2022 Overnight Headlines Lawmakers Signal Stopgap Spending Bill Needed As Talks Continue House Passes Chips Bill As Republicans Air Soft-On-China Gripes US Restores Sanctions Waiver To Iran, Nuclear Talks In Final Phase White House Warns Russian Attack On Ukraine Possible ‘Any Day’ ECB’s Knot Sees First Interest Rate Hike In […]
Good day,The price of the USD/RUB broke the downtrend. However, the asset’s price might also pull back and target the 78 level soon.Should the currency pair manage to break the range and pull back to the broken downtrend, the asset might target the supporting level of 73.35.The price of gold is likely to target the […]
The major currency pair slowed down a little bit after skyrocketing earlier. EURUSD reached stability after strengthening last week. The current quote for the instrument is 1.1421. Last Friday, the US reported on the labour market for January. The data was a little bit mixed but still showed that the sector was doing fine. For […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the asset is correcting upwards after plummeting before. Divergence on MACD, which made the pair form the first descending wave earlier, may force the second one. The closest downside target may be 61.8% fibo at 1730.00. However, an alternative scenario implies that […]
Metals On the Rise Despite Solid US Labour DataThe metals complex has started the week on a positive footing with both gold and silver rising across the European open on Monday. Indeed, metals prices find themselves better bid despite the US Dollar starting the week in the green also. On Friday, the January US labour […]
Credit AgricoleAsia overnightIt was a quiet start to the week in Asia with the markets anxiously waiting on US CPI data later in the week. China returned from the Lunar New Year holidays and its equity markets saw a rally. A small majority of Asian bourses were trading higher and S&P500 futures slightly in the […]
Daily Market Outlook, February 4, 2022 Overnight Headlines Fed’s Barkin: Rates Should Move To Pre-Pandemic Levels Fed Nominees Face Intense GOP Assault Over Credentials Biden Approval Rating Plummets To New A Low, Poll Sees US Warn China Firms Against Aiding Russia Amid Sanction Ukraine Briefings Spurs Urgency On Sanctions In Congress BoJ’s Kuroda Vows To […]