Day: January 11, 2023
EURUSD, “Euro 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 Kijun-Sen line at 1.0665 is expected, followed by growth to 1.0895. An additional signal confirming the growth will be a bounce off the upper border […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, indicating prevalence of a downtrend. The RSI is testing the resistance line. A downward breakaway of 0/8 (131.25) should be expected, followed by falling to the support level of -1/8 (129.68). The scenario can be cancelled by rising over […]
Pause for Thought With the RBA being one of the first central banks to pivot on rates this year, the latest Aussie inflation data will no doubt be disappointing. Year-on-year, inflation came in at 7.3% last month, marking a sharp rise from the prior month’s 6.9% and a beat on the 7.2% market forecast. Core […]
Type: Bullish Continuation Key Levels:Resistance: 18.530Pivot: 17.620Support: 16.630 Preferred Case:Looking at the H4 chart, my overall bias for ZR1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 18.530, where the recent high is. […]
The BTC is trying to grow and for now it is doing a good job. On Wednesday, the crypto is chiefly moving around 17,431 USD. This is very close to a new intermediate resistance level of 17,500 USD that can open a pathway to 18,500 USD. The market enjoys good dynamics of American stock indices, […]
EURUSD, “Euro vs US Dollar” The currency pair is consolidating near 1.0740. Today the price might spring to 1.0767. The goal is local. After this level is reached, correction to 1.0637 might start, followed by growth to 1.0788. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair completed a wave of correction to 1.2110. […]
Type: Bearish Drop Key Levels:Resistance: 671.75Pivot: 660.00Support: 636.00 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! 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 continue heading towards the support at 636.00, where the previous […]
Type: Bullish Rise Key Levels:Resistance:2699Pivot:2570Support:2470 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is. […]
The Japanese yen has somewhat retreated against the US dollar, the current quote being 132.14. Minor fluctuations of the rates are lawful because investors remain sensitive to liquidity that comes to the market out of the blue. Factually, the JPY now has only two triggers: interventions of the BoJ and the behaviour of the USD. […]
On Wednesday, the market major remains vigorous. The current quote is 1.0750. The market supports the EUR, and there are no reasons as yet for this attitude to change. The US statistics from yesterday could hardly be called impressive. Optimism index of small business in December dropped to 89.8 points from 91.9 previously. This is […]
