Day: February 16, 2023
The Australian dollar in the pair with its US counterpart is under pressure. The current quote is 0.6915. Trying to recover, Aussie gets under more and more influence of sellers. The morning Australian statistics have shown that the unemployment rate in January grew to 3.7% from 3.5% previously. At the same time, the number of […]
EURUSD remains under pressure. The current quote is 1.0710. On the whole, the US statistics published yesterday supports market confidence that the Federal Reserve System has reasons for further tightening of the monetary policy. Retail sales in January grew by 3.0% m/m more than expected. After a decline by 1.1% m/m in December, this is […]
Daily Market Outlook, February 16, 2023 European Earnings Pump The CAC 40 To Join The FTSE At Record Highs Asian equities are mostly in the green overnight following a positive close on Wall Street as investors digested data including much stronger than expected retail sales coupled with a robust read from the New York Fed […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential reversal off a key overlap support TypeBullish Reversal Preference:We are seeing the price has tested and bounced back from the key support. Looking for a pullback buy entry […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Longed Legged Doji reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the decline might be 1.3315; later the pair may break through the support level and continue the decline. However, the price may […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has bounced off the resistance line. A breakaway of 3/8 (0.9216) should be expected, followed by falling to the support level of 2/8 (0.9155). The scenario can be cancelled by rising above the […]
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EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0715 is expected, followed by falling to 1.0525. An additional signal confirming the decline will be a bounce off the upper […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of decline to 1.0660. Today the market might develop a link of correction to 1.0733. Then the quotes might decline to 1.0635 and extend the wave to 1.0595. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a structure of […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, which reveals prevalence of an uptrend. The RSI has bounce off the support level, As a result, the quotes are expected to rise above 7/8 (133.59) and grow to the resistance level of 8/8 (134.37). The scenario can be […]
