Day: November 10, 2023
The BTC exchange rate rose to 36,703 USD on Friday. The weekly increase is 6.2%, with a peak price of 37,962 USD. The market appears overly optimistic despite the hypothetical shift from a seasonal trend to a corrective one. From a technical standpoint, buyers are confidently approaching the 38,000 USD mark, targeting the next level […]
The British pound sterling has extended the wave of decline against the US dollar even further. The current GBPUSD exchange rate stands at 1.2222. The pound is declining after dovish comments made by several monetary policymakers in the UK. All market attention is somehow tied to interest rate forecasts, which remain too uncertain. Today, the […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://www.youtube.com/watch?v=Quf6tgUmBKg Emini Nasdaq https://www.youtube.com/watch?v=ScUTAkCxKDg Emini DowJones https://www.youtube.com/watch?v=8WdaZnGPT3c Source: Tickmill
The US markets experienced a decline on Thursday, with modest decreases that did not surpass 1% on major equity indices. The sell-off was triggered by a rebound in Treasury yields, a response to Powell’s speech on Thursday. Powell, speaking at an IMF event, attempted verbal intervention to prevent a further decline in US market rates, […]
EURUSD, “Euro vs US Dollar” EURUSD has broken the 1.0677 level down. At the moment, the market might test this level from below. Next, a decline to 1.0632 could follow from where the trend could extend to 1.0540. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has broken the 1.2233 […]
Brent Brent quotes are in the oversold area on H4, while the RSI has broken the resistance line. In this situation, a test of 0/8 (81.25) is expected, followed by a breakout of this level and a rise to the resistance at 2/8 (84.38). The scenario can be cancelled by a downward breakout of the […]
TitleUSDCHF H4 | Rising into overlap resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.90223 which is an overlap resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.89519 which is pullback support level. Alternative scenario:If price breaks above the pivot point, […]
TitleAUDUSD H4 | Potential bullish bounce off 61.8% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.63994 which is an overlap support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.64558 which is a […]
BRENT Brent is rebounding from the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 81.45 is expected, followed by a decline to 75.45. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3880. Next, the price might break the resistance and extend the uptrend. However, the quotes could pull back to 1.3770 before continuing […]