Day: December 20, 2023
The Australian dollar is noticeably appreciating against the US dollar. The current AUDUSD exchange rate stands at 0.6772. Aussie has been on the rise for six consecutive days. In November, Australia’s leading economic indicator index from MI increased by 0.1% m/m, following a zero value in October. The National Bank of China decided to keep […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the support at 1.0915. However, the price could rise to 1.1070 and continue the uptrend without testing the support. […]
TitleEURGBP H4 | Falling to support line? TypeBearish Reversal Preference:The price is reversing from pivot at 0.86506, the overlap resistance, to the 1st support at 0.8577, a pullback support. Alternative scenario:Price could break through the overlap resistance at 0.86506 and bounce to the 1st resistance at 0.86999, also an overlap resistance. To discuss this trading […]
On Wednesday, the primary currency pair sustained gains from the previous evening. The current EURUSD exchange rate stands at 1.0970. Inflation in the eurozone is finally decreasing and is doing so with confidence. In November, the CPI dropped by 0.6% m/m, according to the final calculation. Year-on-year, inflation decreased to 2.4%, meeting expectations. A month […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2690 is expected, followed by a rise to 1.2895. An additional signal confirming the rise will be a rebound […]
TitleBullish Momentum TypeBullish Rise Preference:Price is showing a bullish momentum at the pivot point of 1.0929 and could potentially rise higher from here; we could see momentum carry price up to its 1st resistance at 1.10057 which is a multi-swing-high resistance level. Alternative scenario:If price breaks below the pivot point, it could hit the 1st […]
Aussie Rally Continues The Australian Dollar is receiving a fresh boost today on the back of the latest RBA meeting minutes released overnight. The minutes were somewhat more hawkish than many were expecting. The bank noted that it discussed a potential hike at the meeting though ultimately decided that the case for holding policy steady […]
TitleGBPJPY H4 | Potential bearish breakout TypeBearish Drop Preference:Price could breakout of the swing high resistance at 181.554 and reverse to the 1st support at 178.608, the pullback support. Alternative scenario: The price could bounce off the pivot at 181.554 and rise to the 1st resistance at 184.076, the swing high resistance. To discuss this […]
#SP500 #Nasdaq #DowJones Year End Setups To access actionable analysis for the year-end setups for the major US Indices, use the links below! SP500 https://youtu.be/c0DdPL3OEIQ?si=C3MC9gvWCoank2GR Nasdaq https://youtu.be/4q-FRuY9lbc?si=eXWUMHyrBv7z0x_I DowJones https://youtu.be/hwF21dSlWko?si=3ubX22_Qgyxq9scX Source: Tickmill
The primary currency pair remains in a consolidation phase by Tuesday. The current EURUSD exchange rate stands at 1.0921. The foreign exchange market is still busy considering the information received last week, from the key regulators’ decisions to a block of significant statistics. The main focus is on the global expectation of monetary easing in […]