Day: November 30, 2023
The main currency pair appears neutral on Thursday. The current EURUSD quote stands at 1.0970. Since yesterday, the currency market has successfully corrected its excessive overbought conditions. The US statistics turned out interesting. The GDP for Q3 in the second reading increased by 5.2% q/q, surpassing the forecasted 4.9% rise and the previous 2.1% increase. […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes and the RSI on H4 are in their oversold areas. A rebound from -1/8 (0.8728) is expected followed by a price rise to the resistance at 1/8 (0.8850). This scenario could be cancelled by a downward breakout of -1/8 (0.8728). In this case, the pair might drop […]
Title:EURGBP H4 | Bullish reversal off 161.8% fibo? TypeBullish Bounce Preference:Price could bounce off our pivot point at 0.8639, which is a multi-swing low support level, and at the 161.8% fibo extension. If price bounce off from our pivot point, price could rise towards the 1st resistance at 0.8660, which is an overlap resistance level. […]
Copper Stalling on Weak China Data On the back of the strong rally we’ve seen recently, copper prices are stalling on Thursday as traders digest the latest data weakness out of China. The October Manufacturing PMI was seen falling further into contractionary territory at 49.4 down from 49.5 last and below the 49.8 the market […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a corrective structure to 1.0943. After the correction is over, a new growth structure to 1.1030 might develop. Next, a decline wave to 1.0850 could start. This is the first target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a decline link to 1.2664 and […]
The Japanese yen is solidifying its gains against the US dollar. The current USDJPY exchange rate stands at 147.13. A group of Asian currencies is consolidating against the US dollar today. However, they might strengthen during the day as US Treasury bond yields decline. Hawkish comments from some Federal Reserve policymakers fuelled the weakness of […]
Title: S&P500 H4 Breaking through 1st Resistance? TypeBullish Bounce Preference:The current price is between the pivot line, at 4535.74, which is overlap support, and the 1st resistance at 4568.86, a pullback resistance. Price could bounce off the pivot and reach the 1st resistance. Alternative scenario:The current price will break through the pivot and fall to […]
Daily Trade Setups #EURUSD #GBPUSD #AUDUSD To access today’s real-time actionable analysis use the links below, like & share! EURUSD https://youtu.be/a53qxM9OGUw?si=xd2f39E7Ov9GLZay GBPUSD https://youtu.be/_l2L6SZIxAQ?si=IJz6CV9-uMXcdI1K AUDUSD https://youtu.be/AH0-zYCKWyI?si=Cf5sT4bm9Jou4IDs Source: Tickmill
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man pattern. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be 2030.00. Upon testing the support, the price might rebound from this level and continue developing the uptrend. However, the quotes could rise to 2070.00 without […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting within a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2835. An additional signal confirming the rise will be a rebound […]
