We are seeing an appreciation of the GBP against the EUR. Since late October after making historical highs the EUR has been correcting up to the 0.85800 support. There is a strong possibility to breakout to the next level at 0.83900.
After a bull rally, we had a retracement up to EMA200 (135,200) as support. The next 2 days (Dec 13th and 14th) will define the next trend with the CPI and FED Rate coming out. The forecast is 0.50 increase by FED but if 0.75 happens to exist a greater control of inflation as some economists advocate, then we will have a strong USD. A move up to 141.500 is a...
At this moment we have the price on top of resistance (1.23000), making a breakout will depend on the CPI tomorrow on the 13thdecember and the FED Rate on the 14thdecember. Next level are (Breakout) 1.26700 and 1.33300 At this moment who is not Long, should wait for a Trend definition.
Medium Term Analysis. BTC is very volatile so we can have big moves in short periods. After we saw a rise to 69.000, it never stopped falling, the reasons can be diverse, since the realization of capital gains, among many other reasons, however regardless of the reasons we will see the BITCOIN in the first quarter of 2023 reaching 10.000 in this first phase, I...
I remind you that this is a Long Term analysis. As per previous analysis, the 101 / 102 zone was a decision point. USD continued to appreciate up to 114, right now we are seeing a FIb retracement at 0.618. The outlook is for a rise to 121,000 as occurred in 2002. This analysis is in line with EURUSD down at 0.87700.
I remind you that it is a Long Term analysis. On 16 November 2021, an analysis was made on how EURUSD was short and would continue up to at least 1.00700, however we could see that it was below parity for some time. Looking at this moment in the longer term, we can see that after testing the lower trend line of the channel it is making a retracement. The...
Since May 2022 the asset has gone short, hiking within a channel. We had the bullish channel exit when the US CPI had lower than expected values. The 1780/1800 values are a resistance as well as the EMA200 causing there to be a slowdown in the valuation. There is an expectation of a rise to 1807 again, but the analysis is based on a Short bet at 1615usd.
ES is in a descending channel. It rose to a resistence at EMA200, tested it for several days and since Friday 25th November the Short signal was given. The target is to reach 3.300, somewhere between the end of 2022 and the beginning of January 2023.
Crude is at a falling point. After reaching the low of 75.27, it made a Fib retracement at 61.8. It is now on its way to test 75.27 again, but I consider it to be with strength to well below until 70.25. However this zone is a strong support, so there is the alternative of not drilling down and going up again to 93.74. NYMEX:CL1!
Pair after retracement start move to parity testing again.
Support at 1.12900 / 1.12700 If break we will see new botton at 1.07000
Short for next months before a big Bull move (point od Decision)
USDCHF falling, next targets are : 0.89410 / 0.89080 / 0.88620
the depreciation of the USD is boosting the MXN. Targets are 19.68000 / 18.87000 / 17.10000 / 16.40000
within an ascending channel the outlook is to reach 2015 and 2018 highs, the first target being 134,700-134,900 and then 137,300 / 139,000 /141,000
XAUUSD is making a retracement on top of strong support 1764. It will make a bullish breakout to reach in a first phase 1808 - 1816usd
GBPUSD is in a retracement moment to climb back up to test the highs reached this year.
After breaking bullishly the bearish channel, the EUR gains new strength against the USD and new levels are expected. 1.19900 is a strong resistance, however by breaking this line the expectation is to reach 1.22400