Day: December 15, 2022
Type: Bullish Continuation Key Levels:Resistance:34707Pivot:34199Support:33675 Preferred Case:Looking at the H4 chart, my overall bias for YM1! 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 head up towards the resistance at 34707, where the previous swing high is. […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2210 is expected, followed by growth to 1.2720. An additional signal confirming the growth will be a […]
Daily Market Outlook, December 14, 2022 Stocks Reverse CPI Surge Wall Street surged higher on softer-than-expected CPI as investor risk sentiment seemed fuelled by the prospect of peak inflation being in the rear view mirror, however, as markets digested the data sentiment shifted significantly from the prospect of peak inflation to growth concerns, the intraday […]
Chinese Stocks Lower Ahead of Fed Chinese stocks are sitting off recent highs today. Despite the Chinese government having further relaxed various covid restrictions over the last few weeks, traders are watching developments carefully amidst news of a surging covid outbreak in Beijing. While there has been much speculation around the potential scrapping of the […]
