Day: March 1, 2023
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0644. Today a structure of decline is forming to 1.0475. The goal is local. After this level is reached, a new correction to 1.0705 might develop, followed by a decline to 1.0380. GBPUSD, “Great Britain Pound vs US Dollar” The […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.3595 is expected, followed by growth to 1.3825. An additional signal confirming the decline will be a rebound from the lower border of 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. TitleNZDUSD Potential for bearish drop towards overlap support TypeBearish Reversal PreferenceLooking at the H4 chart, my overall bias for NZDUSD is bearish with the current price being below the Ichimoku Cloud. To […]
Daily Market Outlook, February 28, 2023 Mixed Market Performance Into Month End Asian equities unable to muster any meaningful upside momentum, as month end flows failed ignite risk sentiment, the handover from Wall Street was marginally positive, after recovering the majority of Friday’s losses investors pared risk exposure into the close leaving the benchmark indices […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a correctional structure of decline to 1.0700. At the moment, the market has formed a consolidation range around this level, and with an escape downwards, the correctional wave might continue to 1.0355. After the correction is over, a new structure of growth to 1.0700 should […]
EURUSD has stabilised, and this is good news. The current quote is 1.0610. USD fans got somewhat disappointed by the US statistics from yesterday. The Conference Board CCI in February dropped to 102.9 points from 106.0 points. The forecast implied growth to 108.5 points. In the components of the report it was obvious that the […]
Daily Market Outlook, March 1, 2023 China Growth At Decade Highs, Hang Seng Surges Overnight data from China confirmed the re-opening narrative is alive and well, with Chinese PMI’s registering the largest expansion in over a decade, Chineses equities surged with the growth sensitive HangSeng in the green by almost 5%. The robust data out […]
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 rise to a key overlap resistance TypeBullish rise Preference:Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku […]
On Wednesday, the BTC grew to 23,739 USD. So, the market has secured above 23,500 USD. It opens a pathway for 25,000 USD, as planned earlier. With more ambitious goals, we should wait: this spin of growth might be quite lengthy and cautious. Today global markets look interested in risks. Initially, they were stimulated by […]
The Australian dollar against the US dollar has put its decline on a pause. The current quote is 0.6753. The report from today demonstrated growth of the Australian GDP in Q4, 2022 by 2.7% y/y just as expected, or by 0.5% y/y instead of the expected 0.8%. Among other components of the report, the personal […]