Technical analysis - Page 246

• CADJPY reversed from resistance zone • Likely to fall to support level 90.00 CADJPY currency pair today reversed down from the resistance zone lying between the multi-month resistance level 91.20 (which stopped the sharp uptrend in June) and the.

• Soy broke support level 1235.00 • Likely to fall to support level 1200.00 Soy under the bearish pressure after breaking the pivotal support level 1235.00 (which stopped the previous minor impulse wave (i) at the start of October). The.

• Copper broke resistance zone • Likely to rise to resistance level 450.00 Copper recently broke the resistance zone located between the key resistance level 430.00 (which has been reversing the price from last month) and the 50% Fibonacci correction.

• AUDCAD reversed from support zone • Likely to rise to resistance level 0.9200 AUDCAD currency pair recently reversed up from the support zone set between the pivotal support level 0.9110 (previous monthly low from August) and the lower daily.

Gold’s near-term prospects are bleak, but observations on the price dynamics indicate cautious buying for the longer term, limiting the downside potential. In early September, the sellers, with a strong move, brought the gold back below the significant 50 and.

OPEC has not accepted calls to accelerate oil production quotas amid a rally in gas and coal prices in Europe and Asia, boosting oil prices. WTI prices renewed their 7-year highs, climbing above $78 at one point. The gains for.

The bulls in the US stock markets seem to reverse the single-digit negative sentiment and close the week with major indices rising more than 1%. Increased demand for risky assets put pressure on the dollar. Still, investors and traders should.

September confirmed its title as the worst month of the year for US equities. Seasonal patterns suggest a much more optimistic view of the market outlook for the rest of the year. However, investors should not rush to stock purchases.

One by one, Dollar bulls beat out stops in one key currency pair, taking the US currency to multi-month highs. The dollar index climbed to a high of precisely one year, reaching 94.4 by advancing against its main rivals, the.

The British Pound is losing 1.15% on Tuesday, slipping to an eight-month low at 1.3540, as supply chain chaos had a more substantial impact on the currency now than the hawkish comments from the Bank of England last week. Particularly.

USDCAD is losing around 1% on Thursday, pulling back to 1.2640. The pair faced significant resistance on the approach to 1.2900 at the start of the week, but bears stopped the pair from moving higher since last December. USDCAD has.

Global markets closed last week on the back foot, and no significant positive factors emerged in Asian trading, increasing the flight to safety. The Hang Seng lost as much as 4.5% in the first four hours of trading today, cutting.