Day: December 30, 2022
The Japanese yen against the US dollar has accumulated some strength but will soon slide back down without support. The current quote is 132.48. On Friday, the BoJ announced the third in a row unscheduled bond purchase. The regulator is going to buy an unlimited number of 2-year bonds with 0.04% yield and 5-year bonds […]
On Friday the leading cryptocurrency is balancing near 16,564 USD. It has lost 1.62% over the week. These last few days, activity in crypto has dropped quite a bit. All the important things have already happened, holidays are coming, and only after them investors will regain some force. In the coming year, the market will […]
EURUSD, “Euro vs US Dollar” The currency pair has extended the consolidation range to 1.0688. Today the market is forming an impulse of decline to 1.0630. After this level is reached, a link if correction to 1.0660 is not excluded, followed by a decline to 1.0600, from where the trend might continue to 1.0550. The […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is correcting by a Triangle pattern. The pair is going under the Ichimoku Cloud, which indicates prevalence of a downtrend. A test of the lower border of the Cloud is expected at 1.2065, followed by falling to 1.1805. An additional signal confirming the decline will […]
How to Limit Losses When Day Trading Stop-Loss Orders It’s vital to characterize precisely the way that you’ll limit your trade risk. A stop-loss order is intended to restrict loss on a position in a security. For long positions, a stop-loss can be set under a new low and for short situations, over a new […]
BRENT On H4, Brent quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI is testing the resistance line. A test of 2/8 (81.25) should be expected, followed by a breakaway and falling to the support level of 1/8 (78.12). The scenario can be cancelled by rising over the resistance […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. The pair is now going by the signal in an ascending wave. The goal of the growth might be 1.0725. However, the price may pull back to 1.0610, bounce off it, and continue the uptrend without […]
Type: Bullish Rise Key Levels:Resistance: 3.9600Pivot: 3.6885Support: 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 head towards the resistance at 3.9600, where the previous swing […]
