Day: January 25, 2023
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which implies a downtrend. The RSI is nearing the resistance line. A test of 3/8 (129.68) is expected, followed by a breakaway and falling to the support level of 2/8 (128.12). The scenario can be cancelled by rising over […]
XAUUSD, “Gold vs US Dollar” At the resistance level, gold has formed a Hanging Man reversal pattern. The pair is now going by the signal in a descending wave. The goal of the correction might be 1915.00. Upon testing the support level, the pair will get the chance for bouncing off it and continue the […]
Daily Market Outlook, January 25, 2023 Microsoft’s Poor Guidance Puts A Lid On Tech Enthusiasm, Tesla On Deck Today Asian markets are trading with a mixed tone as the handover from Wall Street lacked the optimism of recent sessions as Microsoft announced earnings that came in marginally better than consensus, however, guidance for the remainder […]
Lower Pre-Tax Losses Shares in Easyjet are trading around 10% higher from yesterday’s close after gapping higher at the open on a more upbeat update from the company. Easyjet forecasts its first annual profit in 2023 since the pandemic began on the back of record bookings. The spike in bookings has helped the company reduce […]
EURUSD, “Euro vs US Dollar” The currency pair might demonstrate a structure of decline to 1.0835. Today the market has developed a structure of growth to 1.0892. At the moment, the market is forming a consolidation range around this level. With an escape upwards, the price might leap up to 1.0940. With an escape downwards, […]
EURUSD, “Euro vs US Dollar” The currency pair is testing the broken resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0860 is expected, followed by growth to 1.1035. An additional signal confirming the growth will be a bounce off […]
Tesla Up Next As US earnings season rolls on, focus today lands on Elon Musk and Tesla. On the back of Musk’s eventual takeover of Twitter, and all the controversy surrounding it, traders are keen to see how Musk’s primary business performed over the period. On the numbers front, Wall Street is looking for an […]
Q4 Inflation Spikes Higher The Australian Dollar is seeing a flood of demand today on the back of the latest CPI figures, released overnight. Aussie inflation was seen spiking back up to 1.9%, quarter-on-quarter, up from 1.8% prior and above the 1.6% the market was looking for. The year-on-year figure was seen rising back up […]
What Steps Can Be Taken to Prepare For Trading? Preparing for trading can be a challenging task, especially for beginners. As a trader, navigating the volatile global markets requires a solid strategy and risk management. Developing these tools can help traders manage adverse market conditions. Achieving trading goals requires a solid plan, and it won’t […]
How Has AI Changed Forex Market? AI is a term that encompasses a variety of technologies, which includes machine learning and predictive analytics. These technologies play a big role in the Foreign Exchange market, which is expected to experience significant growth with a CAGR of 20.1% from now until 2029, reaching a total market value […]
