Day: December 6, 2022
GBPUSD, “Great Britain Pound vs US Dollar” The pair is correcting inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2045 is expected, followed by growth to 1.2735. An additional signal confirming the growth will be a bounce […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support line. Currently, we should expect a test of 8/8 (0.6835), a breakaway of it, and growth to the resistance level of +1/8 (0.6958). The scenario […]
Type: Bearish Drop Key Levels:Resistance: 2500Pivot: 2422Support: 2275 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci […]
Stocks Held Up Between Opposing Factors Risk markets have had a tricky start to the week with traders caught between two opposing market forces. On the one hand, a stronger USD and higher yields is acting as a headwind to asset prices. However, growing optimism around easing covid restrictions in China is helping underpin sentiment. […]
The Three Main Types of Forex Brokers If you are planning to open a retail trading account make sure you know the different types of Forex brokers available in order to handle your Forex transactions. This is an important decision because the type of Forex broker you will choose can affect the quality of service […]
On Tuesday, the Australian dollar against the US dollar is growing. The current quote is 0.6718. At the latest meeting, the Reserve Bank of Australia lifted the interest rate to 3.10% from 2.85%. This decision had been anticipated. The increase by 25 base points is quite by the previously voiced monetary policy of the RBA. […]
EURUSD, “Euro vs US Dollar” The currency pair completed an impulse of decline to 1.0496. Today a link of growth to 1.0535 looks probable. Then the correction might continue to 1.0388. After the correction is over, a new structure of growth to 1.0664 should start. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]
Daily Market Outlook, December 6, 2022 Robust US Econ Data Supports US Yields & The Dollar, Weighing On Risk Sentiment… Overnight Asian equity markets were subdued, as Wall Street saw further weakness driven by a rebound in US bond yields which provided support for the Dollar, the reversal in risk sentiment was driven by another […]
Equities Soften As Better US Jobs Data Sparks Fresh Dollar Strength We’re seeing a mixed start to the week for global equities markets with many commencing the final month of the year under pressure. The key driver behind the under-performance we’re seeing in some markets is the renewed strength in the US Dollar on the […]
Type: Bullish Continuation Key Levels:Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case:Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where […]