Market Analysis

The Australian dollar in the pair with the US dollar will not give in, trying to recover. The current quote is 0.6953. Moods change too fast but there are chances for a bounce. The decision of the Reserve bank of Australia from 7 February to increase the interest rate was expected: the interest rate grew […]

Dow Pushing Higher Following an impressive rally over much of Q4, the Dow has seemingly lost in mojo in recent months. The 21% Rally off October’s lows, fizzled out into December, seeing a partial correction from which point the Dow has been stuck in a consolidation pattern. However, conditions now look to be shifting in […]

Daily Market Outlook, February 7, 2023 Powell’s Speech The Highlight of The Day, First Post Payrolls Remarks “Asian equities traded with mixed tone overnight following on from a very quiet session on Wall Street, as investors were reluctant to extend risk ahead of a speech by Fed Chair Powell, who addresses the Economic Club of […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has broken through the support line. As a result, a bounce off 4/8 (131.25) is expected, followed by falling to the support level of 2/8 (128.12). The scenario can be cancelled by […]

Dollar bulls seem to find themselves in great comfort ahead of the Powell speech at an economic conference in Washington. The DXY index presses against 104 level and is generally at the highs of this year. The breakout of the main channel looks quite daunting for dollar shorts: The NFP report contrasted sharply with the […]

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

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed an Engulfing reversal pattern. The instrument is now going by the pattern in a descending wave. The goal of the decline might be 1.3300; then the price may break through the support level and continue the downtrend. However, the price may pull back […]

At the end of the week, EURUSD looks neutral but there are still risks of a decline. The current quote is 1.0730. In his speech delivered yesterday, the chairman of the Fed Jerome Powell singled out the strength of the employment market in the country and announced that the CB would be working hard to […]

Daily Technical trade Set Ups for CNH50, Russell2000 & EuroStoxx50 To access today’s actionable analysis, click here! Source: Tickmill

FTSE Shrugs Off BOE Rate Hike Despite the Bank of England recently hiking UK rates to their highest level in 14 years, the FTSE has today hit a new all-time high. The index had been higher on the back of the BOE meeting as traders focused on the expected, forthcoming end of the BOE’s tightening […]

Australian dollar in the pair with its US counterpart started growing again. The current quote is 0.6967. Yesterday the Reserve Bank of Australia decided to lift the interest rate by 25 base points, as expected. The rate thus has reached 3.35% a year. This is a third increase in the interest rate in a row. […]

XAUUSD, “Gold vs US Dollar” Gold is correcting, forming a bearish Flag pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line of the Cloud at 1895 is expected, followed by falling to 1825. An additional signal confirming the decline will be a bounce off the […]