Day: November 22, 2022
EURUSD, “Euro vs US Dollar” The pair is correcting inside a bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.0125 is expected, followed by growth to 1.0575. An additional signal confirming the growth will be a bounce off the […]
Technical & Trade View SP500 e-mini futures, continuous front month contract Trade View Bias: Bullish Above Bearish below 3857/46 Technicals Primary support is 3857/46, watch for bullish reversal patterns here Primary upside objective 4128 Next pattern confirmation, acceptance above 4000 Failure below 3846 opens 3750 20 Day VWAP bullish, 5 Day VWAP bearish Institutional Insights […]
Type: Bearish Momentum Key Levels:Resistance:675.00Pivot:661.50Support:654.75 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 661.50 where the 20% Fibonacci line is located. Alternative […]
Daily Market Outlook, November 21, 2022 Overnight Asian markets traded down overnight, reports of a sharp increase in Covid deaths and soaring cases across China, have led to increased probabilities of a return to strict Covid restrictions in the country. More broadly, markets remain concerned about the global background of tighter monetary policy continuing to […]
Earnings Rise, Revenues Miss Shares in Chinese tech giant Alibaba are trading a little lower ahead of the open today. The move comes after a strong upward move last week in response to the group’s Q3 earnings. Alibaba reported Q3 EPS of $1.81 vs $1.68 expected. However, revenues came in a little weaker than forecast […]
