US Crude Oil Price is experiencing high volatility the last few days due to the recent geopolitical events and energy crisis. Yesterday Oil price suffered a huge drop. The US Crude Oil Inventories showed a negative change in the number of barrels stored yesterday following the same pattern as the previous week's figures. This shows that the drop is more likely a...
It is not recommended to place trades during the night session but the EURUSD broke significant resistance. The retracement is possible if not today, tomorrow. Unless the current geopolitical situation affects the dollar greatly causing more range market.
There will be no stopping unless the energy crisis will be countered I am afraid.
Seem that the market experienced some gaps. It is quite probable that retracements will occur. Just like with oil. No big news today. The fibo level shows the way 1.618.
There is a triangle formation since the 25th February 2022. It is expected to rise also because of the recent events with Russia and Ukraine
Seems that there might be a short-term retracement. The fibo levels support it. In addition, by looking at the Bollinger bands it also has an indication that favors this.
The index is also showing signs of retracement. Since the market that affects the index opens later, the move downwards should happen before that. If not, better to stay way from trading the short.
Will this be a Triangle breach upwards or downwards? There are important news announcements this week, Non-Farm Employment Change and Unemployment Rate for the US. That might be the reason the market is hesitating to move and waits for Friday 04.03.2022. Normally, the exposure to the market is too long for this pattern to hold but there is a good chance that the...
Will this be a drop? Triangle formation also on oil
The market was in range yesterday for EURUSD. It seems that a triangle is formed and since the price breached the upper barrier it didn't move upwards. An upward move should not be considered as more probable just because of this reason. However, surely there will be a big move after this. if not in the next 30 minutes then in the afternoon (GMT+2). Our strategy...
During the morning hours it reached to new highs. OIL price is good for technical analysis because the information regarding inventories is available publicly at 17:00-17:30. Until then US dollar is affected and the OIL price experiences volatility. The fibo retracement tool shows us the level that TP should be placed. However, if the retracement happens...
US30 (DJ) has suffered more than 700 USD drop yesterday. It is possible that it will retrace today, with the index moving greatly after 16:30 EEST time. The Fibo level is promising, suggests a retracement back to 35,300 USD
The market was a bit crazy yesterday regarding 10 Feb. After the Consumer Price Index News for the United States, all the US dollar pairs experienced a volatile move. It was an up and down move and not an one-direction move. Those are the trickiest ones. The market should calm down today since is Friday and since the previous shock for GBPUSD did not end yet,...
Next important news affecting the USD take place on Feb 10th 15:30 CPI m/m Core CPI m/m Unemployment Claims The Fibonacci retracement level shows that after this long move upwards the pair might retrace when passes through support 1.40. Now it is unclear of how strong this reversal is. The support must break.
Seems that The US Oil price has significantly risen this year. Below are the inventory changes for the previous month: Jan 26, 2022 2.4 M Jan 20, 2022 0.5 M Jan 12, 2022 -4.6 M Jan 5, 2022 -2.1 M Last one shows that more barrels remained in inventory, however demand for oil has risen significantly especially after the loosening of the Covid restrictions. On...
Could be a further drop. Some pips to be gained. The support level indicated on the chart has breached and it looks like the market is pushing further down.
NAS100 has also similar pattern. The retracement idea is backed up by technicals only.
It is Monday early trading, but this might be a good opportunity according to the H4 chart for the short-term/daily move. The long term seems quite different though but a short-term retracement is more likely to happen. Note: The market was falling recently due to dollar strengthening. The only problem today is that it is Monday and volatility is not so high,...