Day: November 18, 2022

Nov 18
Japanese Candlesticks Analysis 18.11.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair may go by the reversal signal in an ascending wave. The goal of the growth will be 1.3410. Next, the price may bounce off it and extend the downtrend. However, the price […]

Nov 18
EURUSD is looking around. Overview for 18.11.2022

On Friday, the market major is balancing in a vacuum. The current quote is 1.0370. According to a Reuters poll, the US Federal Reserve System at the December meeting is expected to lift the interest rate by 50 points. However, the peak of the interest rate may be much higher. So, by the end of […]

Nov 18
WTI Wave Analysis – 18 November, 2022

• WTI broke key support level 82.90 • Likely to fall to support level 76.30 WTI recently broke the key support level 82.90 (which stopped the previous wave (B) from the middle of October), intersecting with the 61.8% Fibonacci correction of the upward ABC correction (B) from September. The breakout of the support level 82.90 […]

Nov 18
Amazon Wave Analysis – 18 November, 2022

• Amazon reversed from key resistance level 103.20 • Likely to fall to support level 86.70 Amazon recently reversed down from the key resistance level 103.20 (former strong support from May and June), intersecting with the 20-day moving average and the 50% Fibonacci correction of the downward impulse from October. The downward reversal from the […]

Nov 18
EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum

Type: Bullish Momentum Key Levels:Resistance:1.06680Pivot:1.01265Support:1.03965 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expecting price to possible head towards the resistance at 1.06680, where the previous […]

Nov 18
Market Spotlight: US Bond Yields Creeping Higher

Bond Yields Moving Back Up Again US bond yields have been on the decline recently. Following the concerning 70% rally we saw over most of Q3, the US 1O-yr yield has since corrected by around 15%. A large part of this has been the shift in market perspective recently regarding Fed tightening expectations. Traders have […]

Nov 18
The cryptocurrency market digest (BTC). Overview for 18.11.2022

On Friday, the BTC is recovering. Main fluctuatuons are near 16,777 USD. However, strategically the BTC remains inside the range of 15,500-17,200 USD, which will be quite tricky to escape. The crypto market will need a lot of time to cure its nerves and decide something with trust. The stress after the story with Binance […]

Nov 18
Murrey Math Lines 18.11.2022 (Brent, S&P 500)

BRENT On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of the downtrend. The RSI is nearing the oversold area. Currently, we should expect a test of 1/8 (89.06), a breakaway of it, and falling to the support level of 0/8 (87.50). The scenario can be cancelled by rising over the […]

Nov 18
Common Risks That Every Forex Trader Should Know

Common Risks That Every Forex Trader Should Know Forex market is know that is having the biggest trading volume in the world, which is why they are highly liquid assets. Forex trading has it is own part of challenges and taking risk at a certain degree is inevitable for a forex trader, an understanding of […]

Nov 18
Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum

Type: Bearish Momentum Key Levels:Resistance:1433.75Pivot:1409.75Support:1391.75 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is. Alternative Scenario:Price […]