Day: January 31, 2023
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential bullish opportunity Type Bullish Bounce Preference: We are seeing the price bouncing back from the support level and heading toward the 1st resistance level at 1.35209. Source: Tickmill
Equities Reflect Uncertainty Ahead of Fed Global equities benchmarks are showing a sea of red across the European open on Tuesday. Yesterday saw choppy action across the board, likely reflecting some growing uncertainty ahead of the Fed tomorrow. While Powell and co are widely expected to opt for a smaller .25% hike, there are some […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0913. Today the market has formed a structure of decline to 1.0838. At the moment, the market is forming a consolidation range around this level. An escape downwards is expected, followed by the development of a structure of decline to […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI is testing the support line. The price is likely to rise above 2/8 (0.7080) and then grow to the resistance level of 3/8 (0.7202). The scenario can be cancelled by a […]
Daily Market Outlook, January 31, 2023 Nasdaq Back At Five Week Lows, Global Stocks Still Set For First Jan Gains Since 2020 Jitters on Wall Street ahead of Wednesday’s FOMC rate decision and Chair Powell’s press conference saw investors paring risk positions, with Tesla giving back over 6% of recent gains, this led to the […]
Exxon in Focus All eyes are firmly on US earnings today with the world’s largest public energy firm, ExxonMobil, due to report Q4 results. On the back of a bumper +80% year for the stock, investors are looking for fresh reasons to hold Exxon through 2023. With that in mind, the focus for today’s earnings […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the lower border of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 1.0845 is expected, followed by falling to 1.0675. An additional signal confirming the decline will be a […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the correction will be 1.3465; later the pair may bounce off it and continue the decline. However, the price may drop to 1.3310 without […]
Better 2022 Results Shares in UK listed Computacenter, Europe’s chief independent provider of IT infrastructure services, are up over 7% today. The move comes in response to updated from the company today with 2022 results now projected to be better than initially expected. Total revenues over last year were seen 30% above the company’s own […]
Technical Trade Set Ups AUDCAD, AUDNZD & Wheat To access real time actionable analysis for AUDCAD, AUDNZD & Wheat futures click here! Source: Tickmill