Market Analysis

TitleAUDUSD H4 | Heading into resistance TypeBearish Reversal Preference:Price is approaching our pivot point of 0.67556 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.6704. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.67864. To discuss this trading idea, […]

Daily Market Outlook, May 5, 2023 Asian equity markets are in general hugging the flatline in holiday thinned trade with Japan offline, the handover from Wall Street was again less than convincing, banking concerns continue to linger, however, a decent set of earnings from Apple kept risk appetite afloat ahead of today’s Non Farm Payroll […]

The FOMC meeting on Wednesday indicated that the Fed is very close to announce a pause and the range-bound response in Treasury yields suggests that there was no significant shift in rate expectations: FOMC members voted unanimously to raise interest rates by 25 basis points, bringing the federal funds rate to 5-5.25% range. Consensus before […]

Daily Technical Trade Setups For BTCUSD, ETHUSD & ADAUSD To access today’s actionable analysis, click here! Source: Tickmill

ECB Pivots on Rates Yesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to take a clear hawkish surprise from the bank to help drive EUR higher near-term. However, this hawkish surprise didn’t […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a further price fall to the nearest support at 0/8 (0.8789) is expected. The scenario can be cancelled by rising above […]

The Australian dollar is using the impulse of growth efficiently, rising to its two-weeks highs against the US dollar. The current AUDUSD quote is 0.6732. Most probably, the AUD is supported by the weak dollar factor, while the fundamental background looks rather gloomy. The Reserve Bank of Australia has decreased expectations concerning inflation, wages, and […]

TitleETHUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price could approach our pivot point of 1927.35 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1804.63. Alternative scenario:f price breaks above the pivot point, it could hit the 1st resistance of 1965.7. To discuss this trading idea, head […]

Fed Signals Likely Pause Bitcoin is trading higher today on the back of the May FOMC yesterday but hasn’t quite seen the breakout move that many were hoping for. The Fed was seen hiking rates by a further .25%, as expected along with announcing a move to a data dependent stance on any further rate […]

By Friday, the BTC has risen to 29,208 USD. The weekly growth of the leading cryptocurrency is modest, of just 0.77%. Overall, the technical picture looks to be to the bulls’ benefit if we do not focus too much on the correlation with the US stock market. To skyrocket, the buyers need to test 31,000 […]

EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair has formed a Hammer reversal pattern. The instrument is currently going by the reversal signal in an ascending wave. The growth target could be 1.1100. However, the price may correct to 1.1010 and continue the uptrend after testing the support. USDJPY, “US […]

Title USDJPY H1 | Bounced off 1st support Type Bullish Breakout Preference: Price is currently at our pivot 134.47 which is a pullback support level that lines up with 78.6% Fibonacci retracement. A bounce from here price could pish up to 1st resistance at 135.103 which lines up with 23.6% Fibonacci retracement Alternative scenario: However, […]