Technical Analysis

The first phase:With the start of the war between Russia and Ukraine, we saw that the market shifted liquidity mainly to safe currencies, USD, CHF, JPY and Gold, OIL (metals in general).This is a normal scenario that usually happens.The shift of stock liquidity:In a war event like the one we are already experiencing between Russia and Ukraine, we all know that the first companies to benefit are the guns and ammunition companies, the Aerospace, and the defense sector in general, etc. The war will require high resources if it escalates further, so these companies are the first to benefit from...

It looks like it is ready to recover towards the 2005 target if thebuyers will hold it above 1981 which corresponds also to the low of the previous 4-hour candle. If buyers fail to bring it back above 1981 then Gold can extend its slide for additional losses towards 1964The chances are higher for the bullish movement considering the fact that on the left structure the pricedid the same thing as well. Also, given the current conflict between Russia and Ukraine, the market will not give up gold so quickly.

As we all know today at noon the European Central Bank- (ECB), will publish the decision on interest rates.This is one of the major events that is classified as a high-impact event.Following the publication of the Interest Rate, the decision is followed by a press conference which is usually the most important part of the decision.At the previous ECB meeting, they did not say whether they had any intention of raising interest rates in the coming months.Usually, they announce it in advance so as not to create a strong market impact and price volatility in many financial instruments.In my personal...

Given the recent developments that are already EUROPE and many countries facing, the British Pound is one of those currencies that is showing this clearly.NZD pushed it down to historical levels and very aggressively.These levels were previously seen in January-21 and November-21.So in general, as we can see from the daily chart , we are potentially inside a cyclic motion.From here we can assume that the price should begin to change direction very soon.Maybe this is the time we can see GBP rising again.Wait for signs of reversal before taking this LONG opportunity into consideration.

US weighs acting without allies on the ban of Russian oil imports – BloombergThe above ban made by the US is showing a clear impact on the indices as well.In my opinion, an oil ban will not only affect European countries as long as we can see oil prices rise today but also the US economy.Russel, S&P500, US100 are the first to indicate the start of the bearish movementand the other that is still strong should be US30 as long as it represents the performance of the 30 largest public companies.Russell will be the first to react very badly to this situation.