Day: January 26, 2023

Jan 26
Forex Technical Analysis & Forecast 26.01.2023

EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0890. Today the market has extended it to 1.0924. A link of decline to 1.0890 is expected. Then growth to 1.0946 might follow. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a new link of growth to […]

Jan 26
Ichimoku Cloud Analysis 26.01.2023 (XAUUSD, USDCHF, AUDUSD)

XAUUSD, “Gold vs US Dollar” Gold has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1925 is expected, followed by growth to 1995. An additional signal confirming the growth will be a bounce off the lower […]

Jan 26
Japanese Candlesticks Analysis 26.01.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” On H4, the currency pair has formed a Harami reversal pattern. The pair may now go by the pattern in a descending wave. The goal of the decline might be 1.3325; later the pair may break through the support level and continue the decline. However, the price may pull […]

Jan 26
Murrey Math Lines 26.01.2023 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the support level. As a result, a downward breakaway of 2/8 (0.9155) is expected, followed by falling to the support level of 1/8 (0.9094). The scenario can be […]

Jan 26
German ZEW January data underpins Euro sentiment as energy crisis risks abate

Incoming data on the German economy continues to install confidence to Euro longs. After PMI and ZEW, the positive series was updated by the Ifo report, which indicated an improvement in the prospects for the German economy. In January, the index was 90.2 against 88.6 in December and returned to the levels of mid-2022: While […]

Jan 26
Weak UK PMI data points to further Pound weakness

Incoming data on the EU economy roughly correspond to the thesis put forward by the market that the EU bloc will be able to dodge a recession. The PMI index from S&P Global climbed into the positive zone in January, amounting to 50.2 points against the forecast of 49.8 points. Positive MoM dynamics are being […]