Day: January 11, 2023
Daily Market Outlook, January 11, 2023 Markets Marking Time Ahead of US Inflation Data Investors remain upbeat but cautious ahead of tomorrow’s US Inflation data. Asian equity markets once again picked up the positivity baton from Wall Street, with Asian equities pushing six-month highs, regional risk-on sentiment remains supported by the promise of a rebound […]
Cautious optimism remains in the currency markets regarding the idea that the signs of the US losing growth momentum will force the Fed to tap the breaks on monetary tightening and prepare markets for an easing cycle. Easing Covid policy in China is also supportive for market sentiment as investors price in a rising Chinese […]
What Is Backtesting Strategy? The process of evaluating a trading strategy using historical data to assess its potential profitability and identify any weaknesses is known as backtesting. It helps traders to refine their strategy by making adjustments and identifying potential flaws. However, it is important to keep in mind that past performance does not always […]
Choppy Start to 2023 For Markets It’s been a muddy start to the year for equities markets with choppy actions seen across the globe. Early in January we’re seeing some clear divergence between different regions with European stocks currently noting the best performance while US stocks have been wrangled back from initial highs. Looking at […]
Type: Bullish Rise Key Levels:Resistance:17595Pivot:16710Support:16090 Preferred Case:Looking at the H4 chart, my overall bias for BTC1! 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 17595, where the 61.8% Fibonacci line is. Alternative […]
