Day: January 13, 2023
The BTC grew to 18,813 USD. Weekly growth amounts to 11.9%. As long as the market closed the previous session above the resistance level at 18,500 USD, buyers may freely set new goals. Now they may reach 21,500-22,000 USD. Currently, the BTC correlates with the US stock indices (S&P 500 and Nasdaq) by more than […]
On Friday, the market major sticks to its local h8ghs. The current quote is 1.0840. The main event of the previous trading session was the publication of the US inflation reports. This was beautiful. The CPI in December dropped to 6.5% y/y as expected from 7.1% previously. Monthly speaking, inflation decreased by 0.1% after an […]
Inflation in the US shows that price pressure is easing, but with strong labor market, the Federal Reserve will be cautious in forecasting the terminal interest rate. The most optimal scenario now looks like two increases, by 25 bp. in February and by 25 b.p. in March. However, inflation will slow even more significantly in […]
US equities closed in green on Thursday, while on Friday a profit taking mood prevails with US futures on the slippery slope. The dollar index holds above the 102 level, but the yen’s strong gains indicate lower expectations that the Treasury-JGB rate differential will remain wide. USDJPY declined 0.75% and closely follows the rate differential: […]
BRENT On H4, the quotes have broken through the 200-day Moving Average and are now below it, indicating possible development of a downtrend. The RSI is nearing the support level. The quotes are expected to rise above 6/8 (84.38) and then grow to the resistance level of 8/8 (87.50). The scenario can be cancelled by […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The goal of the growth might be 1.3455; later the price might break through it and extend correction. However, the price may drop […]
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Type: Bearish Drop Key Levels:Resistance:21.18Pivot:21.18Support:19.30 Preferred Case:Looking at the H4 chart, my overall bias for SB1! 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 19.30, slightly below where the 23.6% Fibonacci line is. […]
Type: Bullish Continuation Key Levels:Resistance:7381.5Pivot: 6397.5Support: 6797.5 Preferred Case:Looking at the H4 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is. […]
EURUSD, “Euro vs US Dollar” The currency pair has completed the main wave of growth to 1.0866. Today a wave of decline to 1.0707 should begin, followed by growth to 1.0786 and a decline to 1.0630, from where the trend might continue to 1.0545. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has […]
