AUDUSD reversed from resistance level 0.6270 Likely to fall to support level 0.6200 AUDUSD currency pair recently reversed down from the resistance level 0.6270 (former multi-month support from the start October of 2023, acting as the resistance after it was broken yesterday). The downward reversal from the resistance level 0.6270 stopped the previous minor correction […]

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WTI broke daily Triangle Likely to rise to resistance level 70.90 WTI crude oil today broke the resistance trendline of the daily Triangle from the end of October, inside which the price has been moving from October. The breakout of this Triangle continues the active short-term impulse wave (iii) of the higher order impulse wave […]

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USDJPY reversed from key support level 156.35 Likely to rise to resistance level 158.00 USDJPY currency pair recently reversed up from the key support level 156.35 (former resistance from November, acting as she support after it was broken last week). The upward reversal from the support level 156.35 continues the active minor impulse waves iii […]

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Nasdaq 100 reversed from strong support level 21000.00 Likely to rise to resistance level 22000.00 Nasdaq 100 index recently reversed up from the strong support level 21000.00 (former resistance from the start of November), intersecting with the support trendline of the daily up channel from November and the 50% Fibonacci correction of the upward impulse […]

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Formally, inflation figures and lower-than-forecast expectations helped the market to find ground for a rebound. However, the declines of the previous days may have broken the backbone of the bull market. A couple of technical signals indicate this. Primarily, there is a series of 11 sessions of declines in the Dow Jones. This is one […]

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Stock market sentiment is moving out of the extreme fear zone it plunged into last week, and the dollar has paused its strengthening. Friday’s CPI report came in slightly weaker than average forecasts, reducing the fear of future Fed monetary policy. Traders probably assumed that the Fed had better information about recent inflationary trends, which […]

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Market Picture The crypto market retreated last week and is in no hurry to recover, remaining at $3.31 trillion, roughly where it was 30 days ago. The sharp dip below $3.2 trillion was also quickly bought back, but a full-blown rebound is yet to be seen. Markets continue to digest the Fed’s tougher tone, reinforced […]

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EURCHF falling inside minor impulse wave 5 Likely to fall to support level 0.9250 EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 (standing well above the upper daily Bollinger Band), which has been reversing the price from the start of October. The […]

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USDCHF reversed from resistance zone Likely to fall to support level 0.8860 USDCHF currency pair recently reversed down from the strong resistance zone located between the round resistance level 0.90000 (which has been reversing the pair from the idle of last year) and the upper weekly Bollinger Band. The resistance level 0.90000 was further strengthened […]

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The U.S. dollar ends the year on a strong note, hitting two-year highs at 108.45. The Fed expects a 50-point rate cut for the full year 2025 versus 4 cuts one quarter earlier, citing higher inflation forecasts and a stubbornly strong labour market. This fundamental change has given a new impetus to the dollar’s rise […]

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Market Picture The crypto market continues to retreat, having lost 4.4% to $3.36 trillion in the last 24 hours and already over 11% from the all-time peak of $3.79 trillion set on Tuesday. While the sell-off in stock markets has slowed, cryptocurrencies are maintaining or even picking up the pace of the decline. This return […]

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EURGBP reversed from support zone Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to […]

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EURJPY broke resistance zone Likely to rise to resistance level 165.00 EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October. The breakout of this resistance zone accelerated added to the […]

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Market picture The cryptocurrency market lost 3% in 24 hours amid a sell-off in financial markets following comments from the Federal Reserve. Capitalisation fell to $3.51 trillion, and at the low it dipped below $3.48 trillion – its lowest in more than a week. The Cryptocurrency Fear and Greed Index fell to 75, also hitting […]

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NZDUSD broke long-term support level 0.5770 Likely to fall to support level 0.5500 NZDUSD currency pair earlier broke below the long-term support level 0.5770 (which acted as the lower border of the weekly sideways price range inside which the pair has been trading from the start of 2023). The breakout of the support level 0.5770 […]

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Gold under bearish pressure Likely to fall to support level 2555.00 Gold under the bearish pressure after the earlier breakout of the key support level 2617,00 (which is the lower border of the sideways price range inside which the price has been trading from November). The breakout of the support level 2617,00 stopped the earlier […]

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EURGBP reversed from resistance level 0.8300 Likely to fall to support level 0.8225 EURGBP currency pair recently reversed down from the key resistance level 0.8300 (former strong support from October) intersecting with the 61.8% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance level 0.8300 continues the active short-term impulse […]

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Europe appears to be coming apart one nation at a time’, writes Bloomberg to summarize the complicated politics of the old continent. After the French snap election led to a divided government and an ungovernable France since summer, German politicians gave a no-confidence verdict for the three-way ruling party of Germany, paving the way for […]

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AUDUSD reversed from support zone Likely to rise to resistance level 0.6400 AUDUSD currency pair recently reversed up from the support area set between the strong support level 0.6350 (which has been reversing the price from 2023, lower border of the weekly sideways price range) and the lower weekly Bollinger Band. The upward reversal from […]

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 USDCAD reversed from support zone Likely to rise to resistance level 1.4300. USDCAD currency pair recently reversed up pivotal support level 1.4140, former resistance level which reversed the price sharply at the end of November. The upward reversal from the support level 1.4140 started the active impulse wave 5 of the higher order impulse wave […]

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