Day: February 9, 2023

Dow Pushing Higher Following an impressive rally over much of Q4, the Dow has seemingly lost in mojo in recent months. The 21% Rally off October’s lows, fizzled out into December, seeing a partial correction from which point the Dow has been stuck in a consolidation pattern. However, conditions now look to be shifting in […]

Daily Market Outlook, February 7, 2023 Powell’s Speech The Highlight of The Day, First Post Payrolls Remarks “Asian equities traded with mixed tone overnight following on from a very quiet session on Wall Street, as investors were reluctant to extend risk ahead of a speech by Fed Chair Powell, who addresses the Economic Club of […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has broken through the support line. As a result, a bounce off 4/8 (131.25) is expected, followed by falling to the support level of 2/8 (128.12). The scenario can be cancelled by […]

Dollar bulls seem to find themselves in great comfort ahead of the Powell speech at an economic conference in Washington. The DXY index presses against 104 level and is generally at the highs of this year. The breakout of the main channel looks quite daunting for dollar shorts: The NFP report contrasted sharply with 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. TitleAUDJPY Potential for bearish drop towards intermediate support TypeBearish Breakout Preference:Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price crossing below the Ichimoku cloud, […]