Category: Technial Analysis
Type: Bearish ReversalKey Levels:Resistance: 0.91349Pivot: 0.91066Support: 0.90379Preferred Case:Prices are on bearish momentum. We see the potential for a pullback from our Pivot at 0.91066 which is an area of Fibonacci confluences towards our 1st support at 0.90379 in line with 78.6% Fibonacci retracement. Our bearish bias is further supported by prices trading below our Ichimoku […]
Although planting trees has become an imperative to decarbonize and a key goal of the landmark Paris Agreement and the recent COP26 climate conference, it no longer appears to be a sufficient solution to address the crisis, a new study has discovered. The journal Nature Climate Change published a research paper that concluded that protecting […]
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Daily Market Outlook, January 13, 2022 Overnight Headlines Fed See Economic Optimism Showing Cooling Signs In Places Fed Bullard: Four 2022 Interest Rate Hikes Now Found Likely Fed Brainard: Inflation Control Is Fed’s ‘Most Important Task’ Fed Daly Joins Camp That See Rate Lift-Off As Early As March Democrats Fast-Track Voting Rights Bill, Speeding Showdown […]
Type: Bearish ReversalKey Levels:Resistance: 45514.76Pivot: 43995.2Support: 40641.22Preferred Case:Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 38.2% Fibonacci retracement towards the 1st Support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is further supported […]
• USDJPY broke daily up channel • Likely to fall to support level 113.50 USDJPY currency pair recently broke the key support level 114.50, intersecting with the daily up channel from November and the 50% Fibonacci correction of the upward impulse 3. The breakout of the support level 114.50 accelerated the active short-term correction 4 […]
Good day,USD/RUB has dropped and approached the uptrend. However, the asset is likely to drop even further, all the way till the supporting level of 73.35 or potentially rise till the level of 78.00, as well. So, it is worth observing what is going to happen next.The Euro broke the resistance at the level of […]
Credit AgricoleAsia overnightInvestors appear stunned at the moment. US inflation came out in line with market expectations and led to little further moves in market pricing for the Fed and UST yields. Indeed, even further hawkish speak from FOMC members did not really move rates markets. The USD did move, however, as investors exited long […]
• Novartis broke round resistance level 90.00 • Likely to rise to resistance level 91.30 Novartis continues to rise steadily after the earlier breakout of the round resistance level 90.00 (which reversed the price earlier this month). The breakout of the resistance level 90.00 accelerated the active minor impulse wave 1 of the intermediate upward […]
• Gold reversed from resistance level 1826.71 • Likely to fall to support level 1800.00 Gold recently reversed down from the pivotal resistance level 1826.71, intersecting with the daily upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward correction (ii) from November. The downward reversal from the resistance level 1826.71 stopped the […]