Tag: fibonacci retracement
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The South African Rand has GBP/ZAR stuck in a range of 19.57 to 20.08
GBP/ZAR stabilizes at 19.57 after March selloff But might struggle to recover well past 8:00 p.m. With GBP removed while ZAR remains dynamic Fed, BoE and ... -
GBP/USD at risk of deeper plunge, Fib level in focus
GBP/USD TECHNICAL OUTLOOK: DECLINES After breaking below 1.3200, GBP/USD accelerated its decline, setting a new yearly low near 1.3050 Before the weekend Cable weakness may continue ... -
The Risk-On parameter weighs on the demand for safe havens and supports the major currencies
AUD/USD technical analysis: Buoyed by bullish risk sentiment, the Australian dollar ended higher against its US counterpart on Wednesday and broke a two-day bearish phase. The ... -
XPT/USD drops towards $1,100 as fears over Ukraine recede
Platinum extends the previous day’s pullback from the nine-month high. Market sentiment improves as EU and UK back out of total ban on Russian oil imports, ... -
FTSE 100 struggles as soaring oil prices spark fears of stagflation, key support at play
FTSE 100 OUTLOOK: FTSE100 struggles Start of the week amid deteriorating investor sentiment The Ukrainian war dominates market psychology and limits the appetite for risky assets ... -
Stocks struggle as war rages on
S&P 500 Price Technical Outlook: Short-Term Trading Levels S&P500Nasdaq & Dow Trade Level Technical Update – Weekly Charts SPX500 bounces off trend support – resistance 4393 ... -
Bulls under control above 38.2% Fibo at 0.7320
Bulls are looking to recover 0.7557 despite the risk impulse in the market. Trendline overshoot and 38.2% add to the upside filters. The bears can take ... -
Euro/Dollar Headwinds Rise on CEE Losses, But ECB Poses Upside Risk
EUR/USD approaches major support near 1.1002 Amid biggest losses since Fed policy change in 2021 Conflict, oil price and ECB outlook weigh on EUR/USD But FX ... -
Rise above 1.3400 but bulls still unconvinced
GBP/USD struggles to sustain the upside breakout of the key Fibonacci retracement level. Bearish MACD signals join sustained trade below previously important support to keep sellers ... -
Bears need a clean break of 1.2765 to be doomed
USD/CAD sellers are attacking the previous resistance line from early January. Failures to break through the 78.6% Fibonacci retracement, the pessimistic RSI favors the bears. USD/CAD ... -
S&P 500 LIVE MARKETS: As traders, it’s tango, it’s correction from momentum
Rise in US stock index futures: Nasdaq 100 up >1% Euro STOXX 600 index up ~0.8% dollar dip; raw slips; gold, bitcoin gain The 10-year US ... -
Here’s Bitcoin’s Next Crucial Support After Losing $40,000
Although the major static and dynamic support lines failed on a daily timeframe, the selling pressure from long-term holders (inflow to all exchanges) was reduced after ... -
Loopring could suffer further losses as sellers were too strong at a crucial time
In February 2021, Loopring was trading below the resistance level of $0.87 and in July 2021 the price had fallen to $0.17. Later in November, Loopring ... -
Nasdaq 100 tumbles on lingering risks from Ukraine, APAC could…
(MENAFN- DailyFX) S&P 500, Hang Seng Index, ASX 200 INDEX OUTLOOK: The Dow Jones, S&P 500 and Nasdaq 100 indices closed -1.78%, -2.12% and -2.96% respectively ... -
NZDUSD Looks for a Bullish Breakout, But How Far Could It Go?
NZDUSD refused to return to the low of its downtrend earlier this week, pivoting again near the round 0.6600 level to retest the 20-day simple moving ... -
Crude Oil Price Forecast: WTI retreats from $95.00, Brent Fo…
(MENAFN- DailyFX) Crude Oil, WTI, Brent – Talking Points Crude oil prices retreat after eight weeks of gains Russian-Ukrainian tensions support higher prices Rising energy costs ... -
Ethereum Reaches Critical Support Level Before ETH Resumes March at $4,000
Ethereum price is expected to continue its upward trend despite concerns from Russia and Ukraine. The recent setback was normal and natural. Area worth $2,900 now ... -
USD/CAD unchanged in a neutral path [Video]
The USDCAD has been rocking back and forth this week, unable to sustain its strength above the 1.2700 level. Still, the pair remained well supported around ... -
AUD/USD takes half hit from CPI-laden US dollar, RBA chief commentary
Australian Dollar, AUD/USD, Fed, RBA Lowe, NZD – Talking Points Asia-Pacific markets may struggle today after US stocks fall on CPI RBA chief Philip Lowe opposes ... -
Zacks Analyst Blog Features CrowdStrike, Splunk, SoFi, ACM Research, and Twilio
For immediate release Chicago, IL – February 9, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research ... -
Crypto market rebounds as KPMG Canada adds Bitcoin and Ethereum to its treasury
KPMG Canada added Bitcoin and Ethereum to its balance sheet. The professional services firm believes that institutional adoption of cryptocurrencies will continue to grow. Bitcoin and ... -
February 7 – 11, 2022
EUR/USD: It’s been quite a week for Europe’s common currency, recording a spirited lead against the greenback. Adding 2.7% and recouping the 2022 drop, euro demand ... -
Amazon to reverse Nasdaq losses, NFP wage growth in brief
Facebook was badly hammered yesterday, and even a 25% drop couldn’t attract buyers, so it’s one of America’s biggest tech stocks – and the world has ... -
Ethereum price rises, ETH targets $3,500
Ethereum price continues to hold support against the $2,500 level. Two upcoming primary resistance levels may halt the current rally. The downward pressure remains, but its ... -
USD/CAD Threatens January Uptrend – NFP Levels
Canadian Dollar Technical Price Outlook: Short-Term Trading Levels Canadian dollar Updated Technical Trading Levels – Daily and Intraday Charts USD/CAD Returns to Yearly Open Resistance – ... -
The price of Axie Infinity takes a nosedive; AXS bulls target $60 if support holds
Axie Infinity price hits a previously identified target zone earlier in the week. The bears are carrying the selling pressure past the $45 support zone. Failure ... -
XPD/USD breaks nine-month resistance at $2,300
Palladium kicks off a seven-day uptrend near the highest levels since September 2021. Overbought RSI, failures to break through the key resistance line signal further weakness. ... -
XAG/USD hovers around $23.80 amid risky market sentiment
Rising US Treasury bond yields are supporting the greenback and weighing on the precious metals complex. Ukrainian and Russian tensions are pushing markets to seek safe ... -
20-DMA probes bounce off two-month-old support line
EUR/USD struggles to extend the corrective pullback from key support. Bearish MACD signals suggest further decline, 50-DMA acts as immediate support. The bulls need a clean ... -
Dogecoin Price Seeks Reliable Support Before Bulls Expect Massive Comeback
The Dogecoin price is sealed in the prevailing consolidation pattern. The dog-themed token is looking for a credible line of defense at $0.133 to avoid further ... -
erroneous data dump in the United States; But it’s inflation that counts!
The US released a slew of December economic data this morning, and all of it was a big miss. December Retail Sales were -1.9% MoM vs ... -
Technical analysis suggests deeper dollar correction
Fundamental and technical factors on the dollar are locally giving opposite signals. However, after a long period of strengthening in the US dollar, a corrective pullback ... -
Major technical perspectives
EUR / USD: Weekly deadline: As of mid-November (2021), buyers and sellers have been competing for support at $ 1.1237-1.1281, consisting of a 61.8% Fibonacci retracement ... -
USD Rally Vulnerable – DXY Levels
US Dollar Price Technical Outlook: DXY Weekly Trading Levels we Dollar Technical Trade Level Update – Weekly Chart USD rally stops in pivot resistance zone – ... -
Support pokes turned resistance near 156.00, bulls remain hopeful
GBP / JPY reverses yesterday’s losses and bounces off the three week old support line. Weekly ascending channel, the 78.6% Fibonacci retracement preserves an immediate rise. ... -
Does Algorand have sufficient demand for his next rally
Algorand rallied from lows of $ 0.67 in August to hit $ 2.5 in September. Since then, Algorand has not been able to set a higher ... -
Bulls eye 1.1385 on the monthly resistance breakout
EUR / USD remains firmer around the monthly high after breaking through the key hurdle. Bullish MACD signals supported trade beyond 21-DMA is also favoring buyers. ... -
Tesla shares rally again, but cannot hold gains above key Fibonacci retracement level
Tesla Inc. shares rallied on Monday to a fourth straight gain, but couldn’t maintain the rally that took them above a key Fibonacci retracement threshold for ... -
Ethereum violates critical support, but can it support the move
For Ethereum, it was observed earlier this week that the $ 4,050 area is a level of importance, and $ 4,121 may pose resistance as well. ... -
Technical control: this large-cap pharmaceutical company outperforms Nifty so far in 2021; could retest 52 week highs in 6-9 months
Gland Pharma has grown by over 60% so far in 2021, compared to a 22% increase seen in Nifty50 during the same period. See Zee Business ... -
Goodyear Tire and Rubber Company (GT)
Goodyear Tire and Rubber Company (GT) is a Zacks Rank # 1 (Strong Buy) which is one of the largest tire manufacturing companies in the world. ... -
Yearn Finance hits overbought conditions, with YFI at risk of 20% correction
Yearn Finance’s price shows a spectacular gain of 103% in just five trading days. The oscillator values ​​indicate that significant overbought levels have been reached. A ... -
HSBC sees “no fundamental reason” for further weakness in South African rand
USD / ZAR approaches low of 15.70 to 16.36 range Going Below 15.70 Could Test Dollar Buyers’ Nerves But drop is limited as Fed considers anticipated ... -
Best stocks, crypto, and ETFs to watch
Ethereum (ETH) has outperformed Bitcoin (BTC) by a country mile over the past seven weeks, standing much closer to November highs. It has only fallen by ... -
Completion of double top stitches for more sliding
The Loopring price prediction for this Thursday is dependent on price action in the support zone, which is between 2.1931 / 2.3783. The bears rejected attempts ... -
Crypto market stunned after flash crash
The price of Bitcoin is finding support against a combination of key price points. The price of Ethereum returns inside the bearish flag, creating mixed sentiment. ... -
AUD / USD defends 0.7000, braces for RBA inaction, PBOC RRR cuts amid firmer returns
AUD / USD consolidates recent losses around its annual low, breaking the five-week downtrend. Yields improving, S&P 500 futures rise in hopes of making more easy ... -
AUD / USD rocks above 2021 low after bullish Aussie GDP in Q3
AUD / USD remains in choppy trading range after Australian GDP data. Australia’s third quarter GDP turned out better than expected on QoQ and YoY. Market ... -
Ripple momentum weakens as bears consider 15% drop
The price of XRP fell below a crucial support level on November 26, possibly unwinding a bearish forecast. The dominant technical model suggests that Ripple could ... -
Declines again to annual low near 0.6800
NZD / USD prints six-day southward run to refresh three-month low. A sharp break from the 14-month-old support line directs bears to annual low, September 2020 ... -
Metaverse Frenzy sends Decentraland to another all-time high
Key points to remember Decentraland is up 24.2% in the past 24 hours. The upward pressure has pushed the token to new all-time highs. MANA could ... -
Gold Price Prediction: Gold Gutted After Powell Nom, XAU / USD B …
(MENAFN- DailyFX) Gold Talking Points: Gold rose sharply after inflation hit 30-year highs two weeks ago. But since then the buying pressure has given way to ... -
Weekly technical market overview from November 22 to 26, 2021
EUR / USD: (Italics: previous analysis) Weekly deadline: The euro was reversed last week, falling 1.4% and recording new lows in 2021 against its US counterpart. ... -
Unleashing SPR crude trade turns to fears of declining demand for covid trading
China has agreed to release oil from its National Food and Strategic Reserve Administration. The amount and timing have yet to be decided, but in September ... -
GBP / USD pair targets $ 1.35 to $ 1.3524
EUR / USD: Weekly deadline: With primary support at $ 1.1473-1.1583 in the rearview mirror, the move fell to support consisting of a 61.8% Fibonacci retracement ... -
Bulls fight 100, 200-HMA above $ 80.00
WTI extends its rebound from a weeklong low and refreshes its intraday high of late. RSI overbought conditions, key moving averages challenge buyers. Bears have a ... -
DXY bounces off 200-SMA to push 94.00
DXY initiates a three-day downtrend near weekly low, picks up offers recently. The 50% Fibonacci retracement adds strength to the immediate support. The momentum line also ... -
Gold targets crucial stopping point after fast rally [Video]
Gold hit a new 2-month high at 1,821 on Monday after the rapid rally in the last two trading days, pushing the price up 2.7%, but ... -
SafeMoon Finds Support and Positions for $ 0.000007 Return
The SafeMoon price has been the definition of what whipsaws look like in cryptocurrency trading. Mean profit taking and reversion traders push SafeMoon down as the ... -
Technical perspectives before the FOMC
GBP / USD: (Italics: previous analysis) Weekly deadline: Plunging a toe south of supply turned into demand at $ 1.3629-1.3456 in late September, and closing below ... -
Sterling / Australian dollar slide towards 1.80 possible
– GBP / AUD support vulnerable in big central bank policy week– Support at 1.8250 may pull back causing a slide to 1.8000– If RBA follows ... -
50-DMA Monthly Trendline Checks Biggest Daily Jump Since May
EUR / USD is hovering around its monthly high after the biggest daily rise in five months. A bullish MACD and a firmer RSI line keep ... -
#NZDUSD is approaching pivot, potential for breakout! For FX: NZDUSD by HMC_Trader
The price is approaching and is likely to burst strong pivot level of 0.71422. This level coincides with 78.6% Fibonacci extension level, 23.6% Fibonacci retracement horizontal ... -
Shiba Inu wins back $ 0.00003, could reach new ATH, says U.S. Senate candidate Shannon Bray
Shannon Bray a 2022 U.S. Senate candidate now says the Shiba inu (CRYPTO: SHIB) The cryptocurrency itself has regained the $ 0.00003 area, it may soon ... -
Euro could extend recovery with daily close above 1.1670 / 80
EUR / USD has been moving in an ascending channel since the start of the week. Widespread selling pressure surrounding the dollar is helping EUR / ... -
20 October 2021: Technical perspectives
USD / JPY: (Italics: previous analysis) Weekly deadline: Tucked below the resistance of 114.38, the USD / JPY recorded its sixth consecutive bullish close last week ... -
Best stocks, crypto and ETFs to watch this week
Netflix Inc. (NFLX) is making headlines these days for Squid Games and a controversial Dave Chappelle special and the stock flies, breaking through a tough resistance ... -
Bitcoin can be used to trade currencies!
Bitcoin has been in tears since early October (also the start of the third quarter), with traders using September (also the end of the second quarter) ... -
Dollar Index approaching daily support, EUR / USD vulnerable to the upside
EUR / USD: Weekly deadline: Recent trade shows buyers are recovering from the main support at 1.1473-1.1583. Follow-up buys are on the table, potentially fueled by ... -
Threatening breakout of US dollar ahead of key CPI release
US Dollar, USD / JPY, CPI Talking Points: The US dollar hit a new annual high this morning although there has not yet been significant pull ... -
Fantom Price Analysis (FTM): FTM / USD Completes 38.2% Fibo Retracement: What’s Next?
On Monday, Fantom (FTM) price analysis suggests a chance for a bullish rebound to $ 2,011. On the bearish side, a break out of the 38.2% ... -
Cardano’s next breakout could pave way for ADA to target $ 6
Cardano price breaks the bearish pennant, invalidating a critical bearish continuation pattern. Continued momentum is needed to push Cardano out of the cloud. The march to ... -
Sellers remain hopeful below key 1.3635 hurdle
GBP / USD resumes offers, extends rebound from weekly low. 100-EMA, a three week resistance line challenges buyers amid a bearish MACD. Sellers are waiting for ... -
Recovery remains capped around 1.2600
USD / CAD soars around intraday high, defying bears after three days of falling. Bearish MACD, trading supported below key Fibonacci retracement levels, SMA hints at ... -
Bitcoin Cash: what to expect over the next 48 hours
Disclaimer: The conclusions of the following analysis are the sole opinions of the author and should not be taken as investment advice. Bitcoin Cash looked set ... -
With Bitcoin undoing bearish setup, $ 53,000 could be in its sights
Disclaimer: The conclusions of the following analysis are the sole opinions of the author and should not be taken as investment advice. Bitcoin is in the ... -
USD / JPY, AUD / JPY, EUR / JPY may rise as retail traders sell
Japanese Yen, USD / JPY, AUD / JPY, EUR / JPY, Technical Analysis, Retail Trader Positioning – Talking Points Retail traders increasingly bet the Japanese yen ... -
BTC at risk of crashing to $ 35,000
The price of Bitcoin keeps the 50% Fibonacci retracement at $ 42,000 as support. The last Ichimoku support level below is the $ 40,000 Senkou Span ... -
Institutional Investors Bought Bitcoin Trough Amid China’s Cryptocurrency Crackdown
Last week marked the sixth consecutive week of entries in crypto investment products. Despite market volatility in light of China’s harsh crackdown on digital assets, institutional ... -
Cardano partners with Chainlink to drive the development of smart contracts for DeFi applications
Cardano partners with Chainlink to drive the development of smart contracts for DeFi applications. Chainlink’s oracles would be integrated into the Ethereum killer protocol to support ...
