According to Ichimoku clouds, on a long term view, EUR/USD is currently breaking the resistance @ 1.22289.
We need to end the month and this trend will be confirmed. Also, the Lagging Span (yellow line following the chart, 26 candles on the left) is breaking its SSB resistance, which is a strong confirmation.
Next long term objective, if it says as it is right...
Mr Jerome Powell will speak tonight and give us more informations about the economic situation of USA.
On this point, I think we'll see a lot of volatility mainly on forex !
Technically, I used Fibonacci retracement on EUR/USD, on the previous downtrend.
As you can see, the different key points are pretty accurate and the price evolution can be stopped on...
After this very strong bullrun, BTT is now in a range period, as we can see with Fibonacci retracment.
I think we have two main possibilities :
BTT stays around this price (0.007) for the next days and we hit the yellow trendline for another uptrend ?
Another bullrun, but most dangerous, indicators could stay in an overbought area...
So let's see.
Your ideas ?
Here we are, fighting against this resistance !
There's a strong uptrend, but the French market is now trying to break this major resistance, wich was, a few years ago, still a strong resistance CAC didn't break.
Fundamentally, the whole country is still under restrictions for the next two weeks (for the moment) and only important markets are still open. The...
After the huge krash on the whole market last year, Safran is one of the best aeronotic stock that bounced back, since may 2020.
The main explanation is : Safran has a strong military activity, with the French Army (Air and Navy).
The contracts with transport and fighter jets permit to Safran to keep an activity, even during the 1st wave in 2020. Also, the...
For me, with Fibonacci retracment, it's clear, this beartrend is still strong.
And I think we could go back to the long term support around 11$.
RSI isn't oversold too and below 50 area...
No crisis incoming... For the moment ;-)