Month: February 2022

The Australian dollar retreats amid cautious market sentiment. A break above the recent peak at 0.7245 suggests a strong bullish commitment. The pair is heading towards January’s high at 0.7310. A bullish breakout could turn Read more…

The New Zealand dollar jumped after the RBNZ raised rates for the third time in a row. The pair met selling pressure in the supply zone (0.6810) from the sell-off in late January. An overextended Read more…

WTI crude surged after Russia launched a military operation in eastern Ukraine. The latest market jitters met support over 90.70 which sits next to the 20-day moving average. Sentiment would stay optimistic as long as Read more…

USDCHF has been trying to recoup part of its recent losses since it managed to find its feet at the 0.9150 region. Although the pair experienced a minor pullback, it is marching higher again as Read more…

AUDUSD is heading south after failing to have a closing day above the 0.7250 resistance and touching the 40-day simple moving average (SMA) lower. The MACD oscillator is losing momentum above its trigger and zero Read more…

EUR/USD The common European currency continues to depreciate against the dollar as the currency pair breached the support level of 1.1322 and, at the time of writing, is headed towards a test of the next Read more…

The cautious détente during the European session yesterday was short-lived. Sentiment soured as the US joined with president Biden announcing additional sanctions on Russia. Ukraine government and bank websites were targeted in cyberattacks and added Read more…

The broader view in SPX suggests that it’s correcting the cycle from March 2020 low cycle. While the short-term cycle from 04 January 2022 high is unfolding as Elliott wave double three structure favoring more Read more…

Market movers today Market’s focus remains on Ukraine and notably on politicians’ response to the Russian invasion of Ukraine. From Sweden, we will get the labor force survey for January and in the afternoon, the Read more…