Day: February 3, 2023

Brent On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. However, the RSI has reached the oversold area, which is a signal for a correction. So, a test of 4/8 (81.25) is expected, followed by a bounce off it and growth […]

Daily Technical Trade Set Ups for USD, Gold & TLT To see today’s actionable analysis click here! Source: Tickmill

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDJPY potential for bearish drop towards previous swing low TypeBearish Reversal Preference:Looking a the H4 chart, my bias for AUDJPY is bearish due to the current price crossing below the cloud, indicating […]

EURUSD, “Euro vs US Dollar” The currency pair has completed the second structure of growth to 1.1030. The goal is local. After this level got reached, the market got an impulse of correcting decline. This correction might develop further to 1.0680. After the correction is over, another structure of growth to 1.1080 should develop. GBPUSD, […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0885. Today a consolidation range is forming above this level. With an escape upwards, a link of correction to 1.0960 should form. With an escape downwards, a pathway to 1.0850 should open, from where the wave might continue to 1.0783. […]

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 recent swing high TypeBullish Continuation Preference:Looking at the H4 chart, my overall bias for NZDUSD is slightly bullish, there is an ascending trendline . Looking for buy […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGBPUSD Potential for bearish drop towards overlap support TypeBearish Reversal Preference:Looking at the H4 chart, my bias for GBPUSD is bearish due to the price being below the Ichimoku cloud, indicating a […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting after a strong bullish impulse. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0885 is expected, followed by growth to 1.1115. An additional signal confirming the growth will be a bounce off the […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. The pair is now going by the reversal signal in an ascending wave. The goal of the correction might be 1.3375; later the price can bounce off it and continue the decline. However, the price may fall to 1.3260 […]

Daily Market Outlook, February 2, 2023  A FED Plateau, Markets Pivot To ECB & BoE US equity and treasury markets surged, as the FOMC delivered an expected 25bps rate move, the smallest increase since last March, while The Fed Chair maintained the stance that further hikes were likely, markets sensed that there is an impending […]