Technical analysis for the NZD/CAD, the pair reached the first target of the bearish weekly wave, the 1.272 FIB extension on the weekly chart at 0.8345, and started a pullback….
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The Bank of Canada raised its interest rates
The Bank of Canada raised its interest rates from 0.25% to 0.50%, the first interest rate increase since 2018. The Bank stressed the need for a further interest rate hike…
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AUD/NZD Technical Analysis, the pair formed a double top on the weekly chart
Technical analysis for the AUD/NZD, the pair formed a double top on the weekly and the daily charts, rejecting 0.618 FIB retracement on the monthly chart, signaling a bearish run….
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AUD/USD Technical Analysis, the pair broke out to the upside
Technical analysis for the AUD/USD, the pair broke above descending trend line on the daily chart and multiple resistance levels, which is a strong bullish signal. The price closed above…
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German DAX Technical Analysis, the bearish pressure accelerated
Technical analysis for the German DAX, the index broke below a bearish flag on the weekly chart and a range on the daily chart. The breakout sent the index lower,…
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EUR/USD Technical Analysis, the pair broke below a key level
Technical analysis for EUR/USD, the pair broke below the key level at 1.1165 and below the previous daily low at 1.1106. This breakout resumed the bearish trend on the weekly…
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GBP/USD Technical Analysis, the pair broke down on the daily chart
Technical analysis for the GBP/USD, the pair broke below the daily low at 1.3358, resuming the bearish trend. The first target of this bearish breakout is the 1.272 FIB extension…
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The Reserve Bank of New Zealand raised its interest rates
Last week the Reserve Bank of New Zealand(RBN) raised its interest rates from 0.75% to 1.00%. In the official bank statement, the RBN stressed the need for further interest rate…
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AUD/JPY Technical Analysis, the pair rejected resistance and trendline
Technical analysis for AUD/JPY, the pair rejected resistance zone and descending trend line on the daily chart, forming an evening star candlestick pattern. However, the rejection was rather large and…
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Cloudflare Inc. (NET) Technical analysis, the shares bounced from a trendline
Technical analysis for Cloudflare Inc. (NET), the shares completed the fifth bullish wave on the daily chart, reached the 2.727 FIB extension at 205$. The shares of Cloudflare went as…
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Inflation in the US spiked to 7.5%, putting more pressure on the Fed
The latest inflation report from the US came out hot. The US inflation spiked to 7.5% versus an expectation of 7.1%, which is 40 years high. That started speculation that…
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USD/SGD Technical Analysis, approaching support zone
Technical analysis for USD/SGD, the pair is approaching a strong support zone between 1.3380-1.3400, where we have the 0.618 FIB retracement at 1.3400 and the weekly low at 1.3380. If…
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