Day: October 22, 2021

The month-long run-up in commodity prices shows no sign of easing with the main engine continuing to be the global energy crisis and its direct impact on other sectors, not least the energy-intensive industrial metal sector. Shortages of fuel leading to record-high prices has forced reductions in metal production from...

Price has recently broke the ascending trendline and can potentially dip further down to the take profit level of 84.038 which is also 38.2% Fibonacci retracement and 100% Fibonacci projection . The take profit level is also a graphical overlap support. Our buy entry is placed at 86.243 where we...

Price is currently trading in an ascending trendline and is near the buy entry price of 113.659 which is also 23.6% Fibonacci retracement and 78.6% Fibonacci projection . Price is expected to continue its uptrend to the take profit level of 114.691 which is also 61.8% Fibonacci projection . Our...

Price is consolidating in a triangle. We spot a potential entry 0.91637 which is a graphical overlap for our buy entry. Our Take Profit will be placed at 0.92052 in line with 50% Fibonacci retracement . Stochastics are at a level where bounces previously occured. Alternatively, our stop loss is...

Price has recently break out from the ascending trend line and can potentially retest the sell entry price of 0.74550 which is 50% Fibonacci retracement . Price can then potentially dip to the take profit level of 0.73810 which is also 38.2% Fibonacci retracement level and 78.6% Fibonacci projection level....

We can expect price to bounce at the pivot level in line with 23.6% Fibonacci retracement and graphical overlap support towards the take profit level in line with daily resistance and 100% Fibonacci projection . Our bullish bias is further supported by the price holding above the Ichimoku cloud and...

Price is trading in an ascending channel and is currently near buy entry price of 1.16221 which is also 38.2% Fibonacci retracement . Price can potentially continue its bullish uptrend to take profit level of 1.17102 which is 50% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is...

Price is abiding to an ascending trendline, signifying a bullish momentum. We can expect price to bounce up from the pivot in line with the grahpical overlap and ascending trendline support , towards the take profit in line with 78.6% Fibonacci retracement and previous swing high. Our bullish bias is...

Price is trading in a descending trendline. We spot a potential entry for shorts at 1.38075 which is a graphical overlap towards our Take Profit at 1.37467 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices,...