Market Analysis

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Longed Legged Doji reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the decline might be 1.3315; later the pair may break through the support level and continue the decline. However, the price may […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has bounced off the resistance line. A breakaway of 3/8 (0.9216) should be expected, followed by falling to the support level of 2/8 (0.9155). The scenario can be cancelled by rising above the […]

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EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0715 is expected, followed by falling to 1.0525. An additional signal confirming the decline will be a bounce off the upper […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a link of decline to 1.0660. Today the market might develop a link of correction to 1.0733. Then the quotes might decline to 1.0635 and extend the wave to 1.0595. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a structure of […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, which reveals prevalence of an uptrend. The RSI has bounce off the support level, As a result, the quotes are expected to rise above 7/8 (133.59) and grow to the resistance level of 8/8 (134.37). The scenario can be […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleXAUUSD Potential for bearish drop towards overlap support TypeBearish Breakout Preference:Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud, […]

 Microsoft Holds Above Key Level Shares in Microsoft have been stalled recently following the move in early Feb to fresh highs for the year. The company has been riding thick and fast waves around Chat GPT, the AI program it is heavily invested in. On any given day, depending on what you are reading, AI […]

EURUSD started declining again. The current quote is 1.0720. Yesterday, all eyes were glued to the US inflation report during the trading day. The CPI in January turned out higher than expected again, which let the USD get stronger again. In January, the CPI dropped to 6.4% y/y from 6.5% y/y a month before. However, […]

EURUSD, “Euro vs US Dollar” The currency pair completed a link of growth to 1.0820. Next, the market formed an impulse of decline and its correction to 1.0770. At the moment, the market is forming a consolidation range around 1.0722. An escape downwards and extension of the wave of decline to 1.0627 are expected. After […]

US Retail Sales Up Next Today’s US retail sales will be the next key input for USD traders. On the back of a bumper January jobs report and a fresh uptick in inflation, the market is expecting retail sales to have bounced back from the weakness seen in December. Amidst a slew of fresh hawkish […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential for Bearish Drop to recent swing low TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias is bearish as there is a strong resistance level. Looking for […]