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Oil continued its relief rally despite OPEC+ agreeing to keep production elevated. The WTI is up nearly 2% and looks set to hit $70 before any major signals in what seems to be a relief rally. Gold remains under pressure below $1800 but it’s mixed so far intraday as traders patiently wait for the NFP […]
Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.13708-1.13620 and it is going to the target zone №2 1.14588-1.14500. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12949-1.12859. In case of the […]
The EURUSD structure hints at more downside as the recent rally seems to be part of a correction now. If we are on the 3rd wave indeed, chances of moving towards $1.10 will increase. Invalidation is high, at $1.1524. A correction noticed on GBPUSD might be the end of the pullback as wave C has […]
Gold prices remain stuck near last week’s close below $1800 despite rising concerns around Omicron and the recent flight to safety, making the bullish case questionable for now. Euro, on the other hand, has managed to somewhat hold on to the gains against the dollar, however, experiences a short-term pullback before confirming a deeper bullish […]
Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.12828-1.12740 and it is going to the target zone №2 1.13708-1.13620. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12438-1.12350. In case of the […]
Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1.12520-1.12432 and it has a potential to reach the target zone №2 1.11640-1.11552. The best prices to try to have a short position are the control resistance zone 1.12828-1.12740. In case of the price is fixed upper the control […]
Lagarde and Covid Cases Dent Euro Sentiment Euro continued to fall towards the end of last week despite dollar stalling as ECB’s Lagarde reaffirmed to investors that the bank would not tighten as inflation pressures subside. Speaking twice last week, the President ended her Friday speech with a dovish flourish, stealing away every last bit […]
Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1.12520-1.12432 and it has a potential to reach the target zone №2 1.11640-1.11552. The best prices to try to have a short position are the control resistance zone 1.13466-1.13378. In case of the price is fixed upper the control […]
Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1.13400-1.13312 and it has a potential to reach the target zone №2 1.12520-1.12432. The best prices to try to have a short position are the control resistance zone 1.13602-1.13514. In case of the price is fixed upper the control […]
EURUSD Hangs Primarily on US Data LAST WEEK, the US dollar soared to a 16-month high against the euro, following a CPI read economists have not seen in 30 years. The US consumer price index rose to 6.2 percent in October, well above forecasts and what policymakers had expected. Although Fed’s Powell reiterated a view […]