Category: Technial Analysis
The Pound Fights Back 2022 is really starting to heat up now and as another week draws to a close, its safe to say it’s been a very eventful session in the markets. We’ve seen some interesting moves across the board and plenty of noteworthy developments in the fundamental backdrop. In terms of moves in […]
Credit AgricoleAsia overnightWhile equity markets in North America were rattled by a sell-off in technology stocks following a hawkish turn by the ECB and BoE, strong earnings from Amazon helped bolster market sentiment in Asia. At the time of writing, S&P 500 futures were up by over 1% and Asian bourses were trading mixed in […]
• Facebook broke key support level 245.80 • Likely to fall to support level 220.00 Facebook recently fell sharply breaking through the key support level 245.80 (previous monthly low from September and January). The breakout of the support level 245.80 accelerated the active medium-term downward impulse wave (3). Facebook can be expected to fall further […]
• GBPAUD reversed from key support level 1.8900 • Likely to rise to resistance level 1.9200 GBPAUD currency pair recently reversed up from the key support level 1.8900 (previous monthly high from September and December), intersecting with the 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal […]
EURUSD upsurged after the ECB meeting. The major currency pair skyrocketed after the ECB’s February meeting. the current quote for the instrument is 1.1450. The Euro rose against all traded currencies after the European Central Bank declined the possibility of keeping its benchmark interest rate unchanged this year. During its February meeting, the ECB decided […]
AUDUSD, “Australian Dollar vs US Dollar” The daily chart shows a double test of the long-term 38.2% fibo and an update of the low, as well as convergence on MACD. In this case, the pair is expected to start a new rising correction, which may later be followed by a further downtrend towards 50.0% and […]
Another Record Breaking Week For ZuckerbergIt’s been a record-breaking week for Facebook, sorry, Meta Platforms Inc this week. Shares in Facebook plummeted yesterday in response to a weaker-than-expected set of Q4 earnings. Technology shares in general have been on the ropes recently amidst a broader sell-off linked to rising US inflation expectations and Fed monetary […]
USD On The DeclineThe January US labour reports are due later today and hold the potential to cause big market volatility. The Dollar has come under heavy pressure this week amidst the narrative that the policy gap between the Fed and other central banks in the G10 is rapidly closing. An uptick in hawkishness from […]
Gold prices fell in trading today, Thursday, and hovered near the highest level in the previous session. The decline in the yellow metal comes as the US dollar regains strength ahead of central bank meetings in Britain and Europe as their economies grapple with rising inflation risks. Gold Prices Today The price of gold futures […]
Type: Bullish BounceKey Levels:Resistance: 1.27961Pivot: 1.26505Support: 1.2571Preferred Case:With prices moving above the Ichimoku cloud, we see the potential for a bounce from our pivot at 1.26505 in line with horizontal swing low support and 61.8% Fibonacci retracement towards our 1st resistance at 1.27961 in line with horizontal swing high resistance and 61.8% Fibonacci projection.Alternative Scenario:Alternatively, […]