Day: November 8, 2022
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average and are now above it, which hints on possible development of an uptrend. However, the RSI is nearing the overbought area. As a result, we should expect a test of 4/8 (0.6347), a breakaway of it, and a […]
EURUSD, “Euro vs US Dollar” The currency pair has left the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.9945 is expected, followed by growth to 1.0250. An additional signal confirming the growth will be a bounce off the […]
• Natural gas reversed from resistance area • Likely to fall to support level 0.6000 Natural gas recently reversed down from the resistance area set between the resistance level 7.285 (former monthly high from October), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from August. The downward reversal from the […]
• AUDUSD broke key resistance level 0.6500 • Likely to rise to resistance level 0.6700 AUDUSD currency pair recently broke the key resistance level 0.6500 (which has been reversing the price from the end of September), intersecting with the 38.2% Fibonacci correction of the downward impulse from August. The breakout of the resistance level 0.6500 […]
Technical & Trade View SP500 (emini futures contract) Bias: Bullish Above Bearish below 3770 Technicals Intraday 3800 is primary support Primary pattern objective is 4125 Acceptance above 3930 next pattern confirmation Failure below 3770 opens a test of 3730 20 Day VWAP bullish , 5 Day VWAP bullish Notes Goldman Sachs institutional trading desk notes […]
Chinese foreign trade data for October, released on Monday, had dovish implications for the broad market as both imports and exports didn’t live up to growth expectations, with a declining YoY (-0.3% exports, -0.7% imports). Both indicators have been declining for several months in a row: So far, the reaction to the data was set […]
EURUSD, “Euro vs US Dollar” The pair has extended the consolidation range to 1.0033. Today a link of correction to 0.9957 is expected (a test from above). Then a structure of growth to 1.0160 may develop. GBPUSD, “Great Britain Pound vs US Dollar” The pair has extended the consolidation range to 1.1540. Today a decline […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Shooting Star reversal pattern. Currently, the pair may go by the signal in a correctional wave. The goal of the decline will be 0.9945. However, the price may grow to 1.0090, break through this level, and continue the uptrend […]
The Japanese yen against the US dollar looks quite confident. The current quote is 146.76. The morning statistics from Japan came out non-homogenous. First thing, we are interested in household spending. The indicator has grown by 2.3% y/y, while a month before it grew by 5.1%. The forecast was conservative, suggesting a decline to 2.6% […]
The market major is stuck to parity, unwilling to give it up. The current quote is 1.0000. Yesterday, a monetary politician from the European Central Bank has mentioned that sooner or later the regulator will have to start Quantitative Tightening. Also, the ECB will have to increase interest rates to the level that would bring […]
