Day: February 8, 2023
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed an Engulfing reversal pattern. The instrument is now going by the pattern in a descending wave. The goal of the decline might be 1.3300; then the price may break through the support level and continue the downtrend. However, the price may pull back […]
At the end of the week, EURUSD looks neutral but there are still risks of a decline. The current quote is 1.0730. In his speech delivered yesterday, the chairman of the Fed Jerome Powell singled out the strength of the employment market in the country and announced that the CB would be working hard to […]
Daily Technical trade Set Ups for CNH50, Russell2000 & EuroStoxx50 To access today’s actionable analysis, click here! Source: Tickmill
FTSE Shrugs Off BOE Rate Hike Despite the Bank of England recently hiking UK rates to their highest level in 14 years, the FTSE has today hit a new all-time high. The index had been higher on the back of the BOE meeting as traders focused on the expected, forthcoming end of the BOE’s tightening […]
Australian dollar in the pair with its US counterpart started growing again. The current quote is 0.6967. Yesterday the Reserve Bank of Australia decided to lift the interest rate by 25 base points, as expected. The rate thus has reached 3.35% a year. This is a third increase in the interest rate in a row. […]
XAUUSD, “Gold vs US Dollar” Gold is correcting, forming a bearish Flag pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line of the Cloud at 1895 is expected, followed by falling to 1825. An additional signal confirming the decline will be a bounce off 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. TitleUSDCAD, H4 | Potential for Bearish Drop to recent swing low TypeBearish Continuation Preference:Looking at the H4 chart, my overall bias for USDCAD is bearish as there is a descending trend line. […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleCHFJPY Potential for Bullish Rise towards overlap resistance TypeBullish Breakout Preference:Looking at the H4 chart, my overall bias for CHFJPY is bullish due to the current price being above the Ichimoku cloud, […]
The BTC has reached 23,204 USD. The pause was not a lengthy one. The so-called fear & greed index confirmed this as well. The index entered the greed field and gives signals that investors are ready to buy. The market absolutely needs to hold above 23,000 USD. If so, it will have a serious chance […]
EURUSD, “Euro vs US Dollar” The pair has completed a link of decline to 1.0669. Today it might grow to 1.0790 and then – decline to 1.0642. The goal is local. After this level is reached, a link of correction to 1.0791 is not excluded. Then a decline to 1.0555 should follow. GBPUSD, “Great Britain […]