Day: March 23, 2023
EURUSD increased vividly. The current quote is 1.0910. The US Federal Reserve System did not risk giving up on lifting the interest rate, and investors got disappointed: the crisis in the banking sector had been heated up exactly by the growth of the interest rate. The March meeting of the Fed closed in accordance with […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Breakout Preference:Price is testing our pivot at 1.2319 which is an overlap support along with a 78.6% Fibo retracement. if price were to reverse, it could drop down to 1st support at 1.21945 which is an overlap support level. Alternative scenario:On the other hand, if the price breaks […]
The Fed hiked interest rate by a quarter point at yesterday’s meeting but hinted also that they keep their options open for more hikes because inflation remains significantly above the target level. The tone of the statement was clearly softer, just remember that in the February meeting, the wording regarding future rate hikes was more […]
EURUSD, “Euro vs US Dollar” With all the news, the currency pair escaped the consolidation range upwards and extended the wave to 1.0910. Today a new consolidation range might form around this level. If the price escapes downwards, a link of decline to 1.0810 might follow. And if this level as well breaks, the wave […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI pushed off the resistance line and headed downwards. In these circumstances, we should expect the price to break the level of 2/8 (0.9155) downwards and drop to the support level […]
Daily Technical Trade Set Ups For Nvidia, DXY & AUDNZD To access today’s actionable analysis click here! #Nvidia #Dollar #AUDNZD Source: Tickmill
Nike Beats Earnings Shares in Nike surged higher yesterday and are trading around 4% higher ahead of the US open today after the company posted better than expected earnings. For Q3 FY 2023, Nike posted EPS of $0.79, well above the $0.55 the market was looking for. Additionally, revenues came in at $12.39 billion, again […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth might be 1.0955. However, the price might pull back to 1.0870 and continue the uptrend after correcting to […]
The British pound against the US dollar has reached its peak since 2 February. The current quote is 1.2326. Currently, the pound relies on the weakening USD. Everything else, including price statistics or the upcoming meeting of the Bank of England, has faded into the background. However, there is much to look at. Yesterday Britain […]
Daily Market Outlook, March 23, 2023 Powell Giveth, Yellen Taketh… Bailey Up Next Asian equities took their lead from Wall Street’s souring in risk sentiment, as all US benchmarks closed in the red, nursing 1%+ losses on the session as markets sought to make sense of duelling narratives, on the one hand FOMC Chair Powell […]