Day: November 30, 2022
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0320 and continues forming a consolidation range. This new range is now forming at the lows of the declining impulse around 1.0356. With an escape from the range downwards, a pathway down to 1.0274 will open, from where the trend […]
USDCHF, “US Dollar vs Swiss Franc” The currency pair has pushed off the lower border of the Double Bottom reversal pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.9460 is expected, followed by growth to 0.9785. An additional signal confirming […]
Inflation in the EU declined more than expected, from 10.6% to 10% in November. The main contribution to the favorable dynamics was made by energy prices. The market, as well as the ECB, will be disappointed by the “sticky” behavior of core inflation, which remained unchanged at 5%. However, EU inflation has probably peaked out […]
IMF Concerns Over China Covid Policy The focus on China continues to build this week. Following ugly scenes of police clashing with protestors at the weekend, the scrutiny of the government’s zero-covid policy has intensified leading the IMF to warn that it might be forced to downgrade its Chinese economic outlook unless the policy is […]
The cryptocurrency market has started recovery. No one knows whether this will last long, so investors are actively using their chances. The BTC is rising to 16,894 USD. Curiously enough, the background is overloaded with news and fears, and interest to risk is minimal. However, the crypto market seems to be autonomous, focused on its […]
On Wednesday, the market major remains balanced. The current quote is 1.0350. Yesterday the macroeconomic calendar started coming back to life, step by step. The US issued a Conference Board CCI report for November. The index had fallen to 100.2 points from 102.2 points previously. The forecast had been weaker, suggesting a decline to 100.0. […]
Type: Bearish Continuation Key Levels:Resistance:1978.0Pivot:1759.5Support:1830.5 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 head back down to the support line at 1830.5, where the 78.6% Fibonacci line is […]
Technical Trade Set Ups For Gold, USDJPY & USDCHF Source: Tickmill
Forex Order Types You Need To Know Before start trading, there are some order types of Forex types you must be familiar with and have the ability to use these types of order in your trading experience. The term “order” in Forex refers to how you will instruct your broker to enter or exit a […]
Buying pressure in equity markets remained quiet on Tuesday, cyclical stocks dipped due to worsening global economic prospects. The mass protests in China against the harsh lockdowns and the continued increase in new Covid cases have been one big step back on the path to the reopening of the Chinese economy. Fed Bullard’s comments yesterday […]
