Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1413; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1375 and then resume moving upwards to reach 1.1560. Another signal in favour of a further uptrend will be […]
The European Central Bank remains confident that inflation will come down this year but is prepared to adjust policy to meet its inflation target, ECB chief Christine Lagarde said on Friday.”We understand that price increases are a concern for many and we take this concern very seriously,” Lagarde said. Eurozone inflation hit 5% in December, […]
The World Bank on Tuesday trimmedforecasts for economic growth in the United States, the Eurozone and China and warned that high debt levels, rising income inequality and new strains of coronavirus threaten recovery in developing countries.Global growth in 2022 is expected to slow “significantly” to 4.1% from 5.5% a year earlier, and to 3.2% in […]
Type: Bearish ReversalKey Levels:Resistance: 1.2606Pivot: 1.2547Support: 1.24574Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 1.2547 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement to 1st support at 1.24574, which is in line with horizontal overlap support and 100% […]
Dollar weakness this week is more attributable to improved growth prospects and yields on local non-US assets than to a breakdown in Fed policy expectations. In this regard, the dollar correction may be longer than expected as non-US yields driver apparently comes into the spotlight. Nevertheless, it is still premature to say that the dollar […]
Type: Bearish ReversalKey Levels:Resistance: 114.167Pivot: 113.998Support: 113.348Preferred Case:Prices are on bearish momentum. We see the potential for a sell entry at 113.998 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 113.348 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 114.167 […]
Type: Bearish ReversalKey Levels:Resistance: 0.73093 Pivot: 0.72784Support: 0.71990Preferred Case: Price is abiding to the ascending channel, signifying an overall bullish momentum. However, price dropped at the resistance level, we can no expect price to drop from the pivot level in line with 23.6% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Support in line with […]
Daily Market Outlook, January 14, 2022 Overnight Headlines Fed Officials Nod To March Hike As Inflation Battle Grows Biden Will Nominate Raskin As Top Fed Banking Regulator Senate Block Sanctions To Stopping Nord Stream Pipeline US Push Europe Over Sanctions With Wary Eyes On Putin China Exports Hit Fresh Record On Strong Global Demand BoJ […]
• USDCHF reversed from key support level 0.9100 • Likely to rise to resistance level 0.9150 USDCHF currency pair recently reversed up from the key support level 0.9100 (which has been reversing the price from August), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.9100 stopped the previous short-term […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks 6/8 to the downside. After that, […]