【XAUUSD】
U.S. National Security Adviser John Sullivan said Russia could seek military action against Ukraine as early as next week before the end of the Winter Olympics in Beijing. This is not a good message as local Ukrainian citizens were asked to leave the country.
This act of war allowed the price of gold to break directly upwards through the pattern of triangular convergence.
At this stage, technical lines of Alligator show a golden cross while the KD shows a high-end figure. This indicates that the buying force is strong. The current price of gold is at $1859 per ounce which is the highest price of the month. The trend looks quite promising.
XAUUSD – D1
Resistance 1: 1880.80 / Resistance 2: 1915.50
Support 1: 1853.50 / Support 2: 1833.00 / Support 3: 1813.50
【EURUSD】
ECB President Garard believes that euro's inflation will fall back to the normal range of 2% and that the euro area does not need a large tightening policy.
The CPI of the United States in January made investors to believe that the United States has learned from the past. The euro area may face vicious inflation if there is no measure. This will cause the euro to be under pressure against the dollar.
The euro, although challenging the previous highs last week, failed to gain a foothold. An upper shadow line pushed the index back into consolidation range.
At this stage, EURUSD's Alligator shows a Golden Cross while the KD shows a Death Cross. These are contradictions and once again it is brought back to the chaos of a consolidation zone.
EURUSD – D1
Resistance 1: 1.13880 / Resistance 2: 1.14838 / Resistance 3: 1.15230
Support 1: 1.12500 / Support 2: 1.11900 / Support 3: 1.11203
【USOIL】
Oil-producing Russia amassed tens of thousands of troops on the Ukrainian border. The United States said Russia could launch an attack within a week at the earliest and this would make the geopolitical risks of that area quite high. Crude oil prices also soared to a new high again.
The new high price of crude oil is already a new high since 2014. This drove the technical line Alligator and KD to show golden crosses which indicates that the buying force quite strong.
USOIL – D1
Resistance 1: 94.478 / Resistance 2: 98.000 / Resistance 3: 100.000
Support 1: 91.147 / Support 2: 89.239 / Support 3: 86.694
【Dow Jones Index USA30】
The U.S. Dow Jones index has plunged thousands of points in the past two trading days. This is mainly because of the U.S. CPI's inflation index being higher than expected and the war between Ukraine and Russia on the verge of breaking out. This forced the Federal Reserve to urgently start an interim meeting on Valentine's Day on the Feb 14th to discuss the tightening-related timeline.
The Dow Jones index is still in a low-breaking market. Although Alligator is entangled in the daily line, the death of KD is cross-matched with the recent decline.
USA30 –D1
Resistance 1: 34818 / Resistance 2: 35477 / Resistance 3: 36514
Support 1: 34615 / Support 2: 33644 / Support 3: 33136
OneProSpecial Analyst
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