Day: February 6, 2023
EURUSD has used all the active signals and is waiting for new ones. The current quote is 1.0800. Many things have happened. The US Federal Reserve System carried out its long-awaited meeting, where they decided to lift the interest rate by 25 base points and gave quite controversial signals. Practically, they said that would be […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating prevalence of an uptrend. The RSI is nearing the oversold area. Currently, we expect a test of 4/8 (1.0742), a bounce off it, and growth to the resistance level of 5/8 (1.0742). The scenario can be cancelled by a […]
Bitcoin is undergoing correction after the recent rise. However, the asset’s price didn’t hit the level of 25000 just yet. Bitcoin might gain the required support at the level of 22500 and potentially jump further. So, let’s wait and see what is going to happen next. Silver has managed to break the lower boundary of […]
Market sentiment this week will depend on how three key themes develop. First, exceptionally strong US labor market data released last Friday poses the risk of a more hawkish Fed in 2023, which market participants will no doubt factor into asset prices. Secondly, deterioration of diplomatic relations between the United States and China against the […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is correcting after a serious decline. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6380 is expected, followed by falling to 0.6155. An additional signal confirming the decline will be a bounce off the lower border […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. Now the pair can go by the reversal signal in an ascending wave. The goal of the growth might still be 1.0930. However, the pair may pull back to 1.0715, bounce off it and continue […]
EURUSD Reverses Sharply Last week holds the potential to mark a clear turning point for EURUSD. The weakness we saw on the back of the ECB meeting, further strengthened by the USD rally in response to Friday’s jobs data, has been accompanied by a sharp shift in retail sentiment. The retail community is now around […]
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 Bearish Drop to intermediate support TypeBearish Continuation Preference:We are seeing the price test key overlap support,. There is a chance the price might continue to head, looking for […]
The BTC lost its foothold and dropped to 22,787 USD. The decline over the week amounts to 3.95%. After last Friday the US employment statistics was out, investors got anxious about future reactions of the Fed. The report was strong, which could assure the Fed about further tightening the credit and monetary policy. This is […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0818. Today a consolidation range may form around this level. With an escape upwards, a link of correction to 1.0930 is not excluded. With an escape downwards, a pathway to 1.0760 should open, from where the wave might continue to […]