Day: March 24, 2023
On Friday, the British pound against the US dollar is stable. The current quote is 1.2284. At the March meeting, the Bank of England lifted the interest rate by 25 base points from 4.00% to 4.25% per annum. In the comments, the regulator voiced its readiness to lift the rate again if the inflation pressure […]
TitleNASDAQ, D1 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot of 12978.69 and reverse from this level, we could see momentum move price down to its 1st support of 11669.23. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 13724.95. To discuss this trading idea, head […]
TitleDXY, H4 | Potential bullish reversal TypeBullish Bounce Preference:Price could approach our pivot level of 101.1201 and reverse from this level, we could see the momentum carry price up to its 1st resistance of 102.5606. Alternative scenario:If price breaks below pivot level, it could come down to the 1st support of 100.4554 To discuss this […]
On Friday, the BTC grew to 28,302 USD. The weekly growth amounted to 9.66%. Coinbase issues that were making investors anxious this week, have faded into background. The same has happened to the anxiety about the claims to the TRON creator Justin Sun. As soon as the US stock market moods stabilised, crypto bulls returned […]
Brent On H4, Brent quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has broken the support line. In such circumstances, we should expect 0/8 (75.00) to break and the price to go down to the support at -1/8 (71.88). The scenario can be canceled if the price grows […]
Daily Market Outlook, March 24, 2023 Yellen Flip Flop Leaves Markets Mixed Into The Weekend Asian equities retreated as investors paired risk exposure into the weekend, inline with Wall Street. Investors have been buffeted by a round of mixed signals from Treasury Secretary Yellen who remained non committal regarding deposit backstopping, hintinting that such a […]
TitleUSDJPY H4 | Potential reversal from 78.6% TypeBullish Breakout Preference:The current price is at our pivot level of 130.335, which lines up with an overlap support which is just slightly above the 78.6% Fibonacci retracement level. If there is a reversal from this level, the price could potentially move up to 1st resistance at 133.015 […]
XAUUSD, “Gold vs US Dollar” Near the resistance, gold has formed a Hanging Man reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target of the decline might be 1970.50. Upon testing the support, the price might push off it and continue the uptrend. However, the quotes may […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a second impulse of decline to 1.0826. A new consolidation range might develop around this level today. With an escape downwards, a new impulse of decline to 1.0750 might form. Then a correction to 1.0820 and a decline to 1.0730 should follow. The target is […]
Title EURUSD H4 | Potential reversal from 78.6% TypeBearish Reversal Preference:The price is currently at our pivot point at 1.09254, along with a 78.6% Fibonacci retracement, which is an overlap resistance. If the price were to reverse, it could potentially drop to the 1st support level at1.10309 Alternative scenario:However, if price were to break above […]