Day: December 8, 2022
The Japanese yen against the US dollar remains neutral. The quote is 137.05. Curiously enough, the market somehow manages to keep the yen balanced. With the huge difference between monetary policies of the Bank of Japan and the US Federal Reserve System, the JPY continues devaluation. However, due to excessive market expectations concerning the pause […]
On Thursday, the British pound against the US dollar is slightly declining, but looks stable, on the whole. The quote is 1.2182. The pound is taking advantage of the weakness of the USD quite efficiently and remains not far from the peaks of June. Yet indeed, Great Britain and the GBP have quite a bunch […]
Type: Bullish Continuation Key Levels:Resistance:2542Pivot:2422Support:2475 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head towards the resistance at 2542, where the 78.6% Fibonacci line and previous high […]
Daily Market Outlook, December 8, 2022 Wall Street Whipsawed On Deflationary Data & Putin Nuclear Rhetoric Wall Street witnessed a whipsaw session, driven by downward revisions to Q3 unit labour costs, this prompted a sell-off in US Yields and a rally in US stocks, this move was sharply reversed as investors hit the sell button […]
EURUSD, “Euro vs US Dollar” The currency pair performed an impulse of decline to 1.0443 and corrected to 1.0548. Today a structure of a declining wave to 1.0433 is forming. And with a breakaway of this level downwards as well a pathway to 1.0320 will open. After this level is reached, growth to 1.0320 might […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is correcting by a Wedge reversal pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2155 is expected, followed by growth to 1.2545. An additional signal confirming the growth will be […]
Type: Bearish Drop Key Levels:Resistance: 4173.25Pivot: 3913.25Support: 3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 3913.25, where the 50% Fibonacci […]
BOC In Focus The Bank of Canada will be in focus today as it meets for its December monetary policy decision. There is a great deal of attention on today’s meeting given the market expectation that the BOC could well signal a pause in its tightening program. While a further .5% of tightening is expected […]
Forex Brokers Bonus – Everything you Need to Know Many Forex brokers offer bonuses and promotions in order to attract new customers. Forex bonuses come in many types and forms and the most common promotions are trading rewards and deposit bonuses. What is a Forex Brokers Bonus? A forex bonus is an incentive for customers […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of the downtrend. The RSI is testing the resistance line. A downward breakaway of the support level of 1/8 (0.9399) should be expected, followed by falling to 0/8 (0.9277). The scenario can be cancelled by rising […]