Day: February 20, 2023

EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI is testing the resistance line. Next, a test of 3/8 (1.0620) should be expected, followed by a breakaway and a decline to the support level of 2/8 (1.0498). The scenario can be cancelled […]

EURUSD started the week neutrally. The current quote is 1.0690. There has already happened a bounce in the market major, and today is a day off in the US, while Europe has not statistics prepared for publication. Investors have got a chance to take a pause and analyse the situation. In fact, there is nothing […]

The foreign exchange market is trading slowly at the beginning of the new week, as seen by the modest range of movements; the US markets are closed in observance of Presidents’ Day. The key events of the week are the Federal Reserve Minutes and the Core PCE for January. The dominant theme on the market […]

NZD Weaker Ahead of RBNZ NZDCHF has come under heavy selling pressure over recent sessions as traders brace for the upcoming RBNZ meeting this week. Despite firmly hawkish guidance issued at the November meeting, which suggested a further .75% hike to come, the recent severe flooding and cyclone damage in New Zealand has prompted expectations […]

EURUSD, “Euro vs US Dollar” EURUSD has bounced off the lower border of the bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0735 is expected, followed by falling to 1.0465. An additional signal confirming the decline will be a […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0612 and a correction to 1.0693. Today the market is consolidating under this level. An escape upwards and further falling to 1.0580 are expected. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a wave of decline […]

The BTC has started the week by some vague fluctuations near 24,522 USD. As for weekly growth, it amounts to 12.24%. Such a great result, especially in an unstable market. Today the US stock market is shut down because it is Presidents’ Day, which means volatility will be low. Investors need to get above 25,000 […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 1866.00. Upon testing the resistance level, the pair may break through it and continue the uptrend. However, the quotes may […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleNZDJPY Potential for bearish drop towards previous swing low TypeBearish Breakout PreferenceLooking at the H4 chart, my overall bias for NZDJPY is bearish due to the current price being below the Ichimoku […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDJPY Potential for bullish continuation towards previous swing high TypeBullish Bounce PreferenceLooking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku […]