Day: February 1, 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. TitleNZDUSD, H4 | Potential to swing high TypeBearish Reversal Preference: looking for buy at 0.64184 which is a pullback entry, take profit at 0.65248 which is the key resistance level. Source: Tickmill
Oil Majors See Record Profits in 2022 The explosion in profits for energy companies over 2022 was one of the key headlines in the equities space. In 2022 overall, leading US energy companies Exxon and chevron made a combined $100 billion in profit, recording their best years on record. Against this backdrop, both companies saw […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The pair may now go by the signal in an ascending wave. The goal of the growth may be 1.0930. However, the price may pull back to 1.0830, bounce off it, and continue the uptrend after […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. As a result, 3/8 (129.68) is expected to be broken away, after which the quotes should fall to the support level of 2/8 (128.12). The […]
Meta Earnings In Focus Along with the FOMC today we also have big news in US earnings with Meta Platforms reporting its Q4 results today. With the iconic tech stock having suffered a brutal decline in value last year, amidst the worst year for tech stocks since 2008, traders are keen to see how the […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCHF potential drop to previous swing low TypeBearish Breakout Preference:Looking at the H4 chart, my overall bias for USDCHF is bearish due to the current price being below the Ichimoku cloud, indicating […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting inside a Triangle pattern. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.2305 is expected, followed by growth to 1.2625. An additional signal confirming the growth will be a bounce off […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0802. Today the market has formed a new structure of correction to 1.0868. At the moment, the market is forming a consolidation range around this level. The range might extend to 1.0886. Then the price is going to escape it […]
Technical trade Set Ups For Gold, Silver, Crude & AMD To access today’s actionable video analysis click here! Source: Tickmill
The dollar index started the week on a rather pessimistic note, trading below 102 points, suggesting that the market is setting low expectations for a hawkish Fed outcome on Wednesday. A moderate correction is taking place in the risk assets as a reaction to a possible turbulence due to a series of central bank meetings […]