Day: December 21, 2022
The Japanese yen against the US dollar remains at its four-month peaks. The current quote is 132.00. The BoJ decided to gain more control over the bond yield, and this decision will be affecting the market for quite long. It corrected long-term interest rates, giving them more space to grow than previously. This mechanism is […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range above 1.0595. With an escape downwards, a pathway for a wave of decline to 1.0530 will open. After this level is reached, a link of correction to 1.0595 is not excluded (a test from below), followed by a decline to 1.0460. The […]
Daily Market Outlook, December 21, 2022 The Bank of Japan’s surprise announcement regarding a modification in its yield curve control policy, by widening its 10-year target to a plus or minus 0.5% versus its prior plus or minus 0.25%, has left markets grappling with the implications as the global anchor of rates is finally lifted, […]
Type: Bearish Drop Key Levels:Resistance:3.9600Pivot:3.6885Support:3.5545 Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line […]
Is the Festive Season a A Good Time to Trade? If you celebrate Christmas but you are also interested in forex trading, then you will probably thinking if it is good time to trade or not. In fact, holiday periods aren’t good for Forex traders as many people take time off. This makes the forex […]
Cryptocurrencies have returned to sideways movements. On Wednesday, the BTC is balancing near 16,842 USD and growing purely symbolically. Technically speaking, the BTC may rise to 17,500 USD but needs to use the day impulse for this. Otherwise the market will remain without course. For now, buyers are quite unlucky. However, they have enough strength […]
The market major has been consolidating in a narrow range for several days. The current quote is 1.0620. As was said earlier, EURUSD investors have already got all the facts they might need. Theoretically, situation there must be stable until Christmas. The statistics from yesterday was quite curious. For example, new house foundations in the […]
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 […]
Type: Bullish Rise Key Levels:Resistance:673.75Pivot:651.25Support:638.25 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to possibly head towards the resistance at 673.75, where the 50% […]
Daily Market Outlook, December 20, 2022 As suggested by wire reports yesterday, the Bank of Japan has confirmed overnight that they will loosen their yield curve control policy, increasing its tolerance band to 0.5%, the confirmation saw the 10-year yield surge to test its ceiling level which added support to the Japanese yen, the move […]
