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AUDUSD Elliot Wave Analysis​



The pair may fall.
On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C. Now, wave C of (2) is developing, within which the first wave of the lower level i of C has formed, a local correction has ended as the wave ii of C, and the development of the third wave iii of C has started. If the assumption is correct, the pair will fall to the levels of 0.6742–0.6446. In this scenario, critical stop loss level is 0.7277.​

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Key Releases​



United States of America​

USD strengthens against JPY, has ambiguous dynamics against EUR, and is weakening against GBP.

Investors continue to discuss yesterday's comments by the head of the US Federal Reserve, Jerome Powell, before the Senate Committee on Banking, Housing, and Urban Affairs. In general, he did not say anything fundamentally new to the market and limited himself to confirming the regulator's plans, which had already been outlined earlier. Powell said that if the current economic situation persisted, the department would begin to normalize monetary policy. In March, the purchase of assets will be stopped, then an increase in rates and a reduction in the balance sheet will begin. The official also noted that the US economy no longer needs the support measures provided to it in connection with the pandemic, and therefore tightening of monetary policy is inevitable. However, there is still a long way before its final normalization. The December data on inflation in the country were published today, which recorded a further increase in the indicator. The CPI rose from 6.8% to 7.0% YoY, confirming experts' calculations, and the core CPI increased from 4.9% to 5.5% instead of the expected 5.4%. A further rise in prices strengthens investors' confidence that the US Federal Reserve will not back down from tightening monetary policy.​

Eurozone​

EUR is weakening against GBP and has ambiguous performance against JPY and USD.

Published today, November data on the volume of industrial production in the Eurozone countries were ambiguous. Production rose by 2.3% MoM, beating the 0.5% expected but declined by 1.5% YoY instead of the expected 0.6% increase. The German wholesale price index data for December recorded a slowdown in the growth. The indicator decreased from 1.3% to 0.2% MoM and from 16.6% to 16.1% YoY. Nevertheless, inflationary pressures in the German and generally European economies remain high. Today, the German Trade Association (BGA) warned of the possibility of new massive supply chain disruptions due to the rapid spread of the omicron coronavirus variant, but a long-term supply chain collapse is considered unlikely.​

United Kingdom​

GBP is strengthening against its main competitors – JPY, EUR, and USD.

Due to a lack of significant economic news, politics has become the focus of investors' attention. Today, British Prime Minister Boris Johnson officially admitted that he had attended a party with the participation of members of the government in May 2020 and thereby violated the quarantine rules in force at the time. Johnson apologized to the citizens and noted that he considered the event a working meeting, which required his presence. Labor Party members will accuse Johnson of cheating, and many experts believe the scandal could cost him his prime minister seat. Dissatisfaction with Johnson has been brewing for a long time, including among conservatives. He is accused of the inability to maximize the benefits of Brexit, unreasonable tax hikes, and insufficient activity in leveling economic conditions between different parts of the country. If Boris Johnson resigns, the UK will face a period of political uncertainty, which could negatively affect the position of GBP.​

Japan​

JPY is weakening against its main competitors – GBP, USD, and EUR.

Investors are focused on today's Bank of Japan's quarterly report on the regional economy. For the first time since October 2013, the regulator revised the estimates for all regions upward compared to the previous October economic report. The document says the impact of the coronavirus pandemic is waning, and Japan's economy continues to grow, especially in the private sector. However, the risks associated with the Omicron strain remain. Officials admitted that some regions remain in dire straits, but the overall economy is gradually recovering in all country regions. The Bank of Japan's optimistic assessment of the state of the economy increases the likelihood that the regulator will revise its forecasts for GDP growth and inflation for the current year upward.​

Australia​

AUD is strengthening against its main competitors – EUR, JPY, GBP, and USD.

AUD is growing despite the worsening epidemiological situation in the country. The daily number of sick citizens remains at record levels, putting serious pressure on the health care system, but the government is not introducing additional quarantine measures. The continued deterioration of the situation may negatively affect the Australian economy as a whole and, above all, slow down the service sector's recovery. The virus is currently scaring away customers of the airlines, entertainment, and hospitality sectors, which have already suffered from several blockages in the past two years.​

Oil​

Oil quotes continue to rise.

The API report published yesterday recorded a decline in US oil reserves by 1.077M barrels, slightly less than the expected volume of 1.950M barrels. Nevertheless, the decline has been going on for seven weeks in a row, which speaks of the sustainability of demand for "black gold" despite the Omicron pandemic. Investors are awaiting the release of a similar report from the EIA today. Oil reserves are expected to decline by 1.904M barrels. Implementation of the forecast may support the oil market.​
 

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Wave Analysis

The price may grow.
On the daily chart, the first wave of the higher level (1) of C formed, and a local correction developed as the second wave (2) of C, which took a shape of an irregular flat. Now, the wave C of (2) has formed, and the development of the third wave (3) of C has started. If the assumption is correct, the price will grow to the levels of 255.00–278.82. In this scenario, critical stop loss level is 183.77.​

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Wave Analysis​

The price may grow.
On the daily chart, the first wave of the higher level (1) of C formed, and a local correction developed as the second wave (2) of C, which took a shape of an irregular flat. Now, the wave C of (2) has formed, and the development of the third wave (3) of C has started. If the assumption is correct, the price will grow to the levels of 255.00–278.82. In this scenario, critical stop loss level is 183.77.​
 

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American Express Co. Elliott Wave Analysis​


The price may grow.​

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) forms. Now, the third wave of the lower level iii of 3 has formed, a local correction has developed as the fourth wave iv of 3, and the fifth wave v of 3 is forming, within which the wave (iii) of v is developing. If the assumption is correct, the price will grow to the levels of 200.00–210.00. In this scenario, critical stop loss level is 153.31.​
 

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USD/JPY: US inflation reached a 40-year high​


Current trend
The Japanese currency continues to trade in a stable sideways trend amid positive macroeconomic statistics. At the moment, USD/JPY is showing a downtrend, trading around 114.56.

During the period from November to December last year, Japan significantly improved its trade balance. The seasonally adjusted export-import ratio rose to 1.37T yen from 1.03T previously, suggesting a recovery in exports, which fell significantly in the fall quarter. Eco Watchers' Current Situation Index continues to be in positive area, reaching 56.4 points in December, up from 56.3 points in November.

In turn, the American currency has left the limits of a long narrow range and dropped below 95.000 in the USD Index after the release of yesterday's inflation report. The US Consumer Price Index in annual terms reached 7.0%, which coincided with the forecasts of most experts and has not been observed in the American economy for almost 40 years. Among the main reasons for the record growth in the indicator, analysts highlight the rise in the cost of housing and a significant rise in the price of cars. However, the most negative was caused by the comments of the representatives of the US Fed. The regulator recognized inflation as a serious long-term problem that will threaten the stability of the national economy and currency in the near future. Thus, the officials of the department have abandoned their previous statements that the rise in prices is a temporary phenomenon.

Support and resistance
USD/JPY is correcting within the global Expanding Formation pattern. Technical indicators are ready to reverse and give a signal for the start of sales: the fluctuation range of the Alligator indicator EMAs is narrowing and the histogram of the AO oscillator is forming new descending bars and approaching the transition level.

Support levels: 114.10, 112.00.
Resistance levels: 115.40, 116.30.​

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Pfizer, trading in a global uptrend​


Current trend
Pfizer Inc. stocks show an upward trend in trading, being above the 56.00 level.

The issuer's quotes continue to trade with strong volatility, as the asset is one of the most popular on exchanges in the USA. The recent announcement of a reduction in the number of employees in the field of direct sales caused the correction of the trading instrument, but the company reassured investors, saying that this would affect only a small group of 100-150 employees, half of whom would be offered new jobs in other areas.

Pfizer Inc. will publish its report for Q4 2021 on February 8, and according to analysts' forecasts, quarterly revenue will be about 24.2B dollars, and total annual revenue may exceed 80B dollars. As for the dividend policy, the register of shareholders closes on January 27 for the next quarterly payment on ordinary shares of 0.40 dollars, scheduled for March 4, 2022. The yield may be about 2.82% per annum.

Support and resistance
The company's quotes continue to trade in a global uptrend, correcting downwards within the framework of a local movement. Technical indicators are in the state of a global buy signal, and are working out a local correction: the fast EMAS of the alligator indicator are still above the signal line, and the histogram of the AO oscillator is trading at the transition level, forming alternating bars.

Resistance levels: 58.90, 63.00.
Support levels: 54.90, 50.80.​

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Brent Oil, Elliot Wave Analysis​

The price is in a correction, a fall is possible.​

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed. Now, a downward correction is forming as the second wave 2 of (1) of C, within which the wave of the lower level a of 2 has formed, and the wave b of 2 is ending. If the assumption is correct, after the end of the correction, the price will fall to the levels of 66.31–58.99. In this scenario, critical stop loss level is 86.68.​
 

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USD/CHF, Fibonacci analysis by Solid ECN Securities​



USD/CHF, D1​

On the daily chart, the price reached 0.9260 (retracement of 61.8%), but then sharply corrected down and is now trying to gain a foothold below the level of 0.9110 (retracement of 0.0%). If successful, the decline will continue to the area of 0.9020 (expansion of 100.0%). In case of a breakout of 0.9166 (retracement of 23.6%, the middle line of the Bollinger Bands), the price will be able to return to 0.9230 (retracement of 50.0%) or 0.9260 (retracement of 61.8%). Technical indicators point out a continuation of the decline: the Bollinger Bands and Stochastic are directed downwards, and the MACD histogram increases in the negative zone.

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USD/CHF, W1​

On the weekly chart, the price continues to decline along the 38.2% descending fan line. Currently, the quotes are trying to gain a foothold below the 0.9150 mark (retracement of 23.6%), but so far without success. If successful, the decline will continue to the levels of 0.8950 (near the June lows) and 0.8825 (retracement of 0.0%). In case of a breakout of 0.9190 (the middle line of the Bollinger Bands), the growth will be able to continue to 0.9350 (retracement of 38.2%). Technical indicators do not give a single signal: the Bollinger Bands are horizontal, the Stochastic is directed down, but approaches the oversold zone, which does not exclude a reversal, and the MACD histogram decreases in the positive zone.

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Support and resistance​

Generally, the continuation of the price decline seems more likely. Its targets may be 0.9020 (expansion of 100.0%, D1) and 0.8950 (the area of June lows). In case of a breakout of 0.9190 (the middle line of the Bollinger Bands, W1), it will be possible to start growth towards 0.9260 (retracement of 61.8%, D1) and 0.9350 (retracement of 38.2%, W1).

Resistance levels: 0.9190, 0.9260, 0.9350.
Support levels: 0.9020, 0.8950, 0.8825.​
 

USD/JPY: development of a correction to an uptrend​

By Solid ECN Securities​


Current trend
After reaching a 5-year high, USD/JPY went into a correction under the influence of investor disappointment due to high inflation in the US.

The Consumer Price Index in the US in annual terms reached the level of 7.0%, which is a record value over the past 40 years and requires a response from the US Federal Reserve in the form of an increase in interest rates. However, the situation with the new Omicron strain of coronavirus is forcing the regulator not to rush to make decisions regarding monetary policy. The Bank will respond to the dynamics of new cases of COVID-19 in order not to have a negative impact on the labor market by tightening monetary policy.

In turn, the Board of Governors of the Bank of Japan is discussing the possibility of raising the interest rate before inflation reaches the target level of 2%, which is facilitated by the dynamics of price growth in developed countries and the more "hawkish" policy of the US Fed. However, an actual increase in the rate is hardly possible, as the Japanese regulator adheres to the course of maintaining an ultra-soft policy at least until the end of this year. On the other hand, financial markets may underestimate the Bank of Japan's willingness to phase out its radical stimulus program.

Further dynamics in USD/JPY will depend on the US Fed's reaction to rising inflation and data on the labor market. According to yesterday's statistics, there is an increase in the number of Initial Jobless Claims, and this is an alarming signal for the US currency.
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Support and resistance
The long-term trend is upward. Now the asset is trading in a downward correction, within which the price tends to test the nearest support level of 113.44 and if it is held, the growth will continue with the target of 116.10.

The mid-term trend remains upward. Today, the key trend support of 113.70–113.44 was tested, and if it is held by buyers, it will be possible to count on further growth with a target in the target zone 4 (117.29–117.07).

Resistance levels: 114.35, 115.40, 116.10.
Support levels: 113.44, 112.73, 111.95.​

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Key Releases​



United States of America

USD is weakening against JPY and has ambiguous dynamics against GBP and EUR.

Investors are focused on the comments of US Federal Reserve officials regarding the high growth of inflation in the country. Yesterday, in an interview with CNBC, Philadelphia Fed President Patrick Harker said the current price increase requires urgent action, as it was more resilient than previously expected. To rectify the situation during the year, the official expects three or four rate increases. Chicago Fed President Charles Evans expressed a similar opinion, but, in his opinion, three raises would be most acceptable. Indeed, all the latest data points to growing inflationary pressures in the US economy. Published yesterday, the December statistics on the producer price index were no exception, and the figure was 9.7% YoY. The core producer price index was 8.3%, exceeding market expectations. Today’s US December retail sales figures were poor. Their volume decreased by 1.9% instead of the expected 0.1%, which could result from the Omicron epidemic, which is seriously holding back purchases.

Eurozone​

EUR is weakening against GBP and JPY but has ambiguous dynamics against EUR.

Eurozone trade balance data released today was poor. In November, instead of growing to 7.6B euros, the indicator fell by 1.5B euros. At the same time, payments for imports rose by 32.0%, while export revenues grew by only 14.4% due to a serious increase in prices for oil and gas exported to European countries. As for the positive news, it is worth noting that European companies managed to survive the next wave of the coronavirus pandemic relatively successfully. According to Reuters sources, Eurozone finance ministers acknowledged this at a meeting on Monday. The number of bankruptcies in European companies was less than expected, thanks to the effectiveness of the national measures to support liquidity in the amount of 2.3T euros adopted in the Eurozone. According to the official, the measures to support businesses can be continued for a long time, as companies' total debt continues to grow.

United Kingdom​

GBP is strengthening against EUR, weakening against JPY, and has ambiguous dynamics against GBP.

Published today, data on UK GDP for November were positive. The British economy grew by 0.9% after slowing to 0.2% a month earlier, reaching pre-pandemic levels. However, some experts fear that in December-January, the GDP indicator may decrease again, as the new wave of the Omicron coronavirus will be taken into account in the calculations. The service sector and retail trade, which have been actively recovering so far, may suffer the most damage. Chancellor Rishi Sunak, commenting on these data, noted that the government would continue to support the economy, including through subsidies, loans, and tax breaks for businesses. In November, the volume of industrial production in the UK also continued to grow. It increased by 1.0% MoM and by 0.1% YoY.

Japan​

JPY continues to strengthen against its main competitors – GBP, USD, and EUR.

Today, the December data on the price index for corporate goods were published in Japan. It was –0.2% MoM and 8.5% YoY. This growth was the second largest after the November jump to 9.2%. An increase in wholesale prices could force Japanese firms to shift the burden of costs to the consumer, which would lead to an increase in consumer inflation, bringing it closer to the target level of 2.0%. The position of JPY is supported by media reports that officials of the Bank of Japan are discussing the possibility of raising the rate, despite the insufficient level of price growth in the country.

Australia​

AUD is weakening against its main competitors – EUR, GBP, USD, and JPY.

The pressure on AUD is exerted by continuing the Omicron coronavirus pandemic and data on Chinese imports, published today. According to statistics for December, the volume of imports of goods to China slowed down growth from 31.7% to 19.5%, which was significantly worse than forecasts of 26.3%. China remains Australia's leading trading partner, and recent data may indicate a reduction in Australian goods and raw materials sales to this country. The November data of the Australian housing market, published today, were positive. The volume of housing loans increased by 7.6%, while the volume of investment in real estate increased by 3.8%.

Oil​

Oil quotes are trying to grow.

Investors remain optimistic about the growth in oil demand this year, as the governments of the leading oil-consuming countries are in no hurry to introduce severe restrictions due to the Omicron pandemic, and the capacities of the participants in the OPEC+ agreement are not yet sufficient to meet the needs of the market. Soon, China may release part of the oil from its strategic reserves to the market, but this measure is unlikely to have a lasting effect on the oil market.​
 

WTI Crude Oil, Elliot Wave Analysis​

The price may grow​

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C develops. Now, the fifth wave of the lower level v of 1 of (1) is developing, within which the wave (iii) of 1 is forming. If the assumption is correct, the price will grow to the levels of 93.00–100.00. In this scenario, critical stop loss level is 65.93.​

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USD/CHF, the US currency is recovering​



Current trend
The US dollar shows strong growth against the Swiss franc during the Asian session, building on the "bullish" momentum that was formed at the end of last week, when the pair consolidated near the local lows of November 2, 2021. At the moment, the development of the uptrend is mainly supported by technical factors, while the block of data from the US released on January 14 turned out to be frankly weak.

In particular, investors were disappointed by the sharp drop in Retail Sales in December by 1.9% after rising by 0.2% in November. The Retail Sales Control Group fell to a record 3.1% over the same period after falling 0.5% in November. Michigan Consumer Sentiment Index in January fell from 70.6 to 68.8 points, while analysts had expected a decline to only 70 points.

Markets in the US are closed today to celebrate Martin Luther King, Jr. Day, so trading activity is likely to be somewhat reduced.

Support and resistance
Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD is going down preserving a previous sell signal (located below the signal line). Stochastic, which has reached its lows, is trying to reverse upward, signaling in favor of the development of corrective growth in the nearest time intervals.

Resistance levels: 0.9157, 0.9175, 0.9200, 0.9220.
Support levels: 0.9125, 0.9100, 0.9073, 0.9036.​

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Netflix Inc, Elliot Wave Analysis



The price may fall.
On the daily chart, the third wave of the higher level (3) developed, and a downward correction started to develop as the fourth wave (4). Now, the wave and of (4) is forming, within which the third wave of the lower level iii of A has formed, and a local correction is developing as the wave iv of A. If the assumption is correct, after the end of the correction, the price will fall to the levels of 465.32–411.70. In this scenario, critical stop loss level is 620.94.


 

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USD/JPY: US dollar wins back its losses​


Current trend
The US dollar shows strong growth against the Japanese yen in Asian trading, quickly retreating from local lows, updated at the end of the last trading week. On Friday, the US currency updated its lows from December 20, 2021, dropping just below 113.50. Nevertheless, the instrument failed to consolidate at new levels, and already on the same day the US dollar won back most of its losses.

It is also worth noting that on Friday a large block of macroeconomic statistics was released in the US, which turned out to be quite weak, but did not cause the expected negative reaction on the market. Anyway, along with a significant drop in Retail Sales, the data also reflected a decline in Industrial Production in December by 0.1%, while analysts had expected it to grow moderately by 0.4%. Michigan Consumer Sentiment Index in January fell from 70.6 to 68.8 points, which turned out to be worse than forecasts for a decline to 70 points.

Support and resistance
In the D1 chart, Bollinger Bands are reversing horizontally. The price range is expanding from below, remaining spacious enough for the current activity level in the market. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is about to test the zero level for a breakdown. Stochastic, on the contrary, indicates the growth of the instrument. The indicator reversed upwards near its lows, reflecting the strongly oversold dollar in the ultra-short term.

Resistance levels: 114.50, 115.00, 115.50, 116.00.
Support levels: 114.00, 113.50, 113.00, 112.50.​

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S&P 500: the beginning of the reporting season has disappointed investors


Current trend
Due to a not very positive start to corporate reporting, the leading index of the US economy, S&P 500, corrects downwards, trading around 4655.0.

Among the index's major components, financial conglomerate JPMorgan Chase & Co. was one of the first to publish its data, showing a quarterly income of $29.26B, which was below $29.65B a quarter earlier and $29.78B predicted by analysts. Despite the poor earnings performance, earnings per share were $3.33, well above the $3.01 expected. Bad news came from the large pharmacy chain Walgreens Boots Alliance. The company said some pharmacies would close over the weekend as the state is understaffed by the continued spread of the omicron strain. These reports come after fourth-quarter earnings of $33.9B were reported, well ahead of the $32.88B forecasted.

Securities again began to rise, putting additional pressure on the stock market. Leading 10-year US bonds are trading at 1.793%, up from Friday's 1.750%.

Growth leaders include Las Vegas Sands Corp. (+14.15%), Wynn Resorts Ltd. (+8.60%), and Discovery Inc. (+7.04%).

Among the decline leaders there are JPMorgan Chase & Co. (–6.15%), Monster Beverage Corp. (–4.73%), and Simon Property Group Inc. (–4.47%).

Support and resistance
The index quotes move within a global upward channel near the support line. Technical indicators reversed and gave a local sell signal: indicator Alligator's EMA fluctuations range expands downwards, and the histogram of the AO oscillator trades in the sell zone.

Resistance levels: 4710.0, 4800.0.
Support levels: 4593.0, 4500.0.​

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Tesla Inc, General Review


Current trend
The stocks of Tesla Inc., the world's leading manufacturer of electric cars, continue the global correction, trading at 1049.00.

Due to a large amount of incoming information, the instrument's volatility remains high. Yesterday, the corporation announced that the production of the long-awaited new Cybertruck was postponed again, and its start is postponed to Q1 2023. It was previously planned to start work in the second half of 2022, but the delay is caused by the desire of the developers to make changes to the features and functionality of the truck.

Global sales of leading US assets by large investors continue. Following the head of Tesla Inc., Elon Musk, they began to sell shares and large funds. On Thursday, the ARK Innovation ETF and ARK Generation Internet ETF sold a total of 87.756K shares of the company for over $90M.

The financial report will be published on 26 January. Analysts expect quarterly revenue to reach a record $16.79B despite the sell-off and negative news, and earnings per share could hit $2.21.

Support and resistance
Quotes are moving within the corrective downward channel, after which the global uptrend may continue. Technical indicators keep a poor buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram moves close to the transition level.

Resistance levels: 1105, 1200.
Support levels: 1000, 892.

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EURUSD Elliot Wave Analysis

The pair may grow.

On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction developed as the second wave 2 of (3), within which the wave c of 2 formed. Now, the development of the third wave 3 of (3) started, within which the first wave of the lower level (i) of i of 3 forms. If the assumption is correct, the pair will grow to the levels of 1.1687–1.1907. In this scenario, critical stop loss level is 1.1268.​

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ETH/USD
Singapore government rhetoric reinforces the "bearish" trend

Current trend
The ETH/USD pair started the current week with a decline within the general market trend.

Medium-term pressure on the sector is exerted by investors' expectation of a tightening of the monetary policy of the US Federal Reserve. The completion of the emergency program of bond purchases and the first increase in interest rates may occur as early as March, leading to further strengthening of the US currency. An additional negative factor for ETH could be the tightening of regulation of the cryptocurrency industry in Singapore. The other day, the country's monetary authority (MAS) banned the widespread advertising of digital assets and the installation of cryptomats. Officials explained their decision to complicate access to tokens to prevent rash trade in them and protect their citizens. All firms working with digital assets, including banks, payment services, and exchanges, fall under the new rules.

Singapore is one of the leading countries in terms of the population's degree of acceptance of ETH. According to experts, more than 43% of local traders own this particular cryptocurrency, and tightening regulation of the sector may make it difficult to work with the asset.

Support and resistance
Resistance levels: 3437.50, 3750.00, 4140.00.
Support levels: 3125.00, 2812.50, 2500.00, 2300.00.

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Crude Oil, Market Analysis in 1 Minute


Current trend
During the Asian session, Brent Crude Oil prices are actively growing, testing the level of 87.00 for a breakout and renewing record highs since October 2018.

The quotes are moderately supported by the weakening of investors' fears that the rapid spread of the Omicron strain will negatively affect the pace of national economic recovery from the consequences of the coronavirus pandemic. In the meantime, indicators continue to stabilize, and the leading central banks are ready to continue the tightening monetary policy cycle. However, some skeptics still fear that the recovery in demand may not be able to keep with the increase in supply, given all the current risks.

On Monday, the quotes of "black gold" traded with restraint against the backdrop of news from Libya, where production volumes recovered to 1.2M barrels per day. Last week, it declined noticeably due to the blocking of several western fields.

Support and resistance
On the daily chart, Bollinger Bands steadily grow. The price range widens, but not as fast as the "bullish" sentiment develops in the short term. The MACD indicator grows, keeping a strong buy signal (the histogram is above the signal line). Stochastic keeps a confident upward trend but is close to its highs, indicating that the instrument may become overbought in the ultra-short term.

It is better to keep the current long positions until the signals from technical indicators are clarified.

Resistance levels: 87.00, 88.50, 89.50.
Support levels: 86.00, 84.50, 83.50, 82.64.​

 
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