Market Analysis

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 […]

Crude Pressured Crude prices have come under heavy selling pressure this week with crude futures dropping to their lowest level in over three months yesterday. The sell-off comes amidst an uptick in concerns over the demand outlook in the US and China. Last week’s set of weaker-than-forecast US jobs data has raised fears that the […]

The price of the currency pair EUR/USD is heading up. The asset broke the level of 1.0690 and is forming a hammer right now. The asset’s price is likely to break the resistance at the level of 1.0765 and target the new level of 1.1000 next. Currently, the key factors signify potential price growth. So, […]

Rally Continues on ETF Hopes Bitcoin is trading at fresh year to date highs today as excitement builds around potential SEC approval of BTC ETF applications. Today marks the start of the first 8-day approval window ate the SEC for approving ETF applications ahead of the current January deadline. There are currently 12 applications pending […]

Daily Trade Setups #NVDA #TSLA #AAPL To access today’s real-time actionable analysis use the links below, like & share! Tesla https://www.youtube.com/watch?v=B0hjkPH_UDs Apple https://www.youtube.com/watch?v=aq0wEDqtvBc Nvidia https://www.youtube.com/watch?v=cueUllkuCxw Source: Tickmill

The main currency pair is poised for growth on Thursday. The current EURUSD exchange rate stands at 1.0710. There is almost no significant data from the US in this week’s macroeconomic calendar, but the eurozone continues to publish statistics. Retail sales in the region dropped by 0.3% m/m in September after falling 0.7% earlier. This […]

The British pound sterling fell against the US dollar for the third consecutive session. The current GBPUSD exchange rate stands at 1.2286. The pound intensified its decline when the Bank of England’s chief economist suggested interest rate cuts by mid-2024. The speaker was Huw Pill, and he said future rate cuts do not seem unreasonable […]

Daily Market Outlook, November 9, 2023 Munnelly’s Market Commentary…  Asia – stocks were mostly on the rise today, taking cues from a positive trend on Wall Street. Across most major markets in the Asia-Pacific region, things were looking green, although Chinese markets didn’t quite keep up the momentum. The Nikkei 225 had a strong start, […]

TitleEURJPY H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference: Price could fall to the pivot point at 161.02, which is a pullback support level, aligning with the 23.6% fibo retracement. If price bounce off the pivot point, then we can expect price to rise towards the 1st resistance at 161.93, which is at […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average on H4 and is currently below it, revealing probable development of a downtrend. The RSI has rebounded from the resistance line. A downward breakout of 3/8 (0.8977) is expected, followed by a decline to the support at 2/8 (0.8911). The scenario could […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a declining impulse to 1.0658, correcting to 1.0714 today. An extension of the correction to 1.0725 is not excluded. Next, the declining wave could continue to 1.0630. With a downward breakout of this level, the potential for a wave to 1.0540 might open. This is a local […]

USDJPY Testing Highs USDJPY is pushing higher today ahead of keenly awaited comments from Fed chairman Powell. Giving the introductory speech yesterday at a Research and Statistics conference, traders were left empty handed with no mention of the economy or monetary policy. Today, however, the market is braced for more topical commentary from Powell with […]