EUR/USD Technical analysis The technical outlook for EUR/USD depends on the timeframe being considered. In the short term, the pair may experience some volatility as traders respond to changes in market sentiment and economic data releases – we may see a very fast move towards 1.1180 1.1230 resistance and even to 1.1340 -1.1370 when the pair break above 1.1090 on…
Markets Technical Analysis At the beginning of the year, I covered a post about the markets: “are markets going up to get amnesty, or its a trend change?” now we are fighting -Will the long-awaited breakthrough come or will we be in for another kind of surprise? Tricky mode situation Regarding support and resistance levels, the NASDAQ has established several key…
Markets Technical Analysis If we look carefully at the Dow Jones index then we can identify a harmonic pattern: Bearish Cypher pattern Before I explain the essence of the template, trading goals, etc. Keep those numbers in front of your eyes:A daily Break below 33100 points will confirm more downtrend correction to the 31800-32100+- point area while staying above it…
Markets Technical Analysis I haven’t written in a long timeThe last post on the markets was in June 2022 There wasn’t too much to update on the markets, but it seems that we are reaching test levels that will determine whether the declines are over or whether it is just a phase it just a matter of rally January Effect. Everyone…
USD/JPY Technical analysis last intervention from Japan was on Friday 21.10.22 after USD/JPY tested 152.00 to the upside before ultimately moving to lows of 146.23 in a quick, aggressive manner – price action that is indicative of official intervention. There are some reasons for JPY weakness besides US dollar’s strength 1. The Japanese household sector Tended to be more interested…
Gold Price Analysis The gold continues to resemble past moves back in 2021, in the month of August, “Has the affirmative rise in gold ended and the great decline in gold is before us”? I mentioned the future to occur in the movement of goldLast August we received an overwhelming confirmation of the move – check the last pot Now…
USD /JPY TECHNICAL ANALYSISFollowing on from what I wrote in the previous post this time I will discuss 3 scenarios for the pair and won’t bore you with words and I will put 3 charts here for your reference taking into consideration that the 131 price area needs to hold for those scenarios BAT Harmonic Pattern Bearish Butterfly Pattern Bearish…
Gold Price Analysis Gold price settles at the main bearish trend Until we get a clearer signal for the next trend, which is located resistance -located now at 1784 – or breaking 1807. I recommend reading the review written on 11.8.2021“Has the affirmative rise in gold ended and the great decline in gold is before us”? Gold has recovered from the…
USD/ JPY Technical Analysis The U.S. dollar edged lower last week, weakening especially against the Japanese yen as the market reassessed the Federal Reserve’s tightening pathThe dollar sank to its lowest level versus the yen since mid-June below 132 yen, down more than 5%If the FED doesn’t continue with aggressive policy and interest rate hikes it will put much less…
Markets Technical Analysis USA markets are down 9 out of the past weeks, for the third time in its entire history (1970, 1982, 2001) In 2001 it marked the start bear market rally before the bear market continued for nearly another year. Last week after the big sale on Thursday and breaking very important support levels, Friday ended convergence, if…
