Day: December 19, 2022
EURUSD, “Euro vs US Dollar” The currency pair has formed a declining impulse to 1.0596. Today the market is forming a consolidation range around this level. The range is expected to expand to 1.0573. Then growth to 1.0596 and a decline to 1.0530 should follow. The goal is local. GBPUSD, “Great Britain Pound vs US […]
Type: Bearish Drop Key Levels:Resistance:673.75Pivot:651.25Support:638.25 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 continue heading towards the support at 638.25, where the -27.2% Fibonacci expansion line and […]
Type: Bearish Drop Key Levels:Resistance:4049.00Pivot:3914.00Support:3757.50 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 continue heading towards the support at 3757.50, where the 161.8% Fibonacci line is. Alternative […]
The crypto market failed to preserve the positive impulse that appeared last week and declined. On Monday, the BTC is balancing near 16,718 USD. For bulls to regain self-confidence, the BTC needs to return to 18,000 USD. This is going to be hard because of hardly any news at the background and approaching Christmas, when […]
The market major survived the meetings of the Fed and ECB and is getting ready for Christmas. The current quote is 1.0610. The statistics published on Friday in the US and Europe could hardly be called impressive. The final CPI in the euro zone in November demonstrated growth by 10.1% y/y, while the forecast had […]
Trading Vs Investing What is the difference between Trading Vs Investing? In the stock market, it is essential to have a basic knowledge when discussing making money. There is a confusion between the terms investing and trading and in this article we are going to explain both. An investor is the one who holds the […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has left the borders of a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6715 is expected, followed by falling to 0.6545. An additional signal confirming the decline will be a bounce off the lower […]
EURUSD 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 level. Currently, growth above 7/8 (1.0620) is expected, followed by growth to the resistance level of 8/8 (1.0742). The scenario can be cancelled by a breakaway of the support level […]
