Day: December 4, 2023
The primary currency pair appears relatively weak on Monday. The current EURUSD exchange rate stands at 1.0875. The market perceived the comments from Jerome Powell, the Fed’s chair, on future interest rates as too mild. He noted that insufficient or excessive stimulus risks are now more balanced. Investors considered Powell’s tone too cautious. According to […]
RBA in Focus AUDUSD is holding just below the .6681 resistance level on Monday, as traders look ahead to the coming RBA rate decision tonight. While the bank is expected to keep rates on hold again this month, traders will be closely monitoring the statement for clues as to whether the bank is likely to […]
Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets use the links below Emini SP500 https://youtu.be/D7__r0QBb1c?si=tHSgfTPQ5we3Q28J Emini Nasdaq https://youtu.be/D7__r0QBb1c?si=tHSgfTPQ5we3Q28J Emini DowJones https://youtu.be/_YqrlRQWLHA?si=XY6Tk0syxD-PEGBE Source: Tickmill
EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has reached the oversold area. In this situation, a rebound from 5/8 (1.0864) is expected, followed by a rise to the resistance at 6/8 (1.0986). The scenario could be cancelled by a […]
The Japanese yen has become much stronger against the US dollar. The current USDJPY exchange rate stands at 146.83. The yen’s rapid and assertive performance took many by surprise. The fundamental outlook for the Japanese national currency appears mixed without apparent positive factors. Last weekend, the Bank of Japan Policy Board provided a clear commentary: […]
TitleGBPJPY H4 | Breaking pivot point? TypeBearish breakout Preference:The price is currently on our pivot point at 187.925, an overlap support, and it could break through and fall to 1st support level at 184.607, a multi-swing-low support. Alternative scenario:The price could bounce off the pivot point at 185.925 and rise to 1st resistance level at […]
Bitcoin Breaks Out Crypto bulls were rejoicing through early European trading on Monday as Bitcoin surged back above the $40k mark for the first time since May 2022. Bitcoin futures are trading above the $42k mark, as of writing, marking their highest levels since April last year as optimism continues to grow around anticipated Bitcoin […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2665 is expected, followed by a rise to 1.2915. An additional signal confirming the rise will […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0970. However, the price could correct to 1.0825 and continue the uptrend after testing the support. […]
