Market Analysis

• NZDCHF reversed key resistance level 0.6275 • Likely to fall to support level 0.6177 NZDCHF recently reversed down from the powerful resistance level 0.6275 (which has been reversing the price from the start of December), intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from November. The […]

Futures in the United States are higher ahead of Powell’s speech. US stock futures rose on Tuesday, led by a rebound in technology firms, as traders awaited Federal Reserve Chair Jerome Powell’s address. Futures on the Dow Jones Industrial Average rose 0.1 % , S&P 500 futures jumped 0.2 % , and Nasdaq futures rose […]

Powell testimonial is due today and markets are waiting for details about what the Fed has in the plans for the near future. Any hawkish remarks are likely to be interpreted as the Fed’s intention to make four rate hikes in 2022, which should support the dollar. In addition, the focus will be on balance […]

Bitcoin Sitting On The EdgeIt’s been a very different start to the year for Bitcoin traders when compared with twelve months ago. There has been no explosive rally heading into 2022 and even the briefest of internet searches will tell you that sentiment is no where near the realms of the ecstatic bullishness we saw […]

In this Weekly Market Outlook 10-01-22, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it! Source: Tickmill

Type: Bearish ReversalKey Levels:Resistance: 1.13879Pivot: 1.13602Support: 1.12729Preferred Case:With price approaching a significant area of resistance on the graphical level and the stochastics indicator, we are biased that price will drop from pivot at 1.13602 in line with the 78.6% Fibonacci retracement and said resistance to 1st support at 1.12729 where the swing low support and […]

Lucid (NASDAQ: LCID) stock is trading in the opening market, today, Monday, down 3.79%, to reach the level of $41.98 . The stock was up nearly 10% on Friday, as the electric car maker rebounded for a second session after the last big drop, and activity in the stock was strong, with more than 78 […]

EUR/USD falls down below 1.1300, returning to pre-NFP levels. On Monday, the EUR/USD reverted to, or even slightly below, its pre-US labor market data levels, where it traded last Friday, and has recently slipped below the 1.1300 handle. To summarize, the latest US labor market report showed a lower-than-expected headline payroll gain in December but […]

Credit AgricoleAsia overnightThe rise in the UST 10Y yield to nearly 1.80% post the US non-farm payrolls data modestly weighed on sentiment during the Asian session. Adding some weight to sentiment were newswire reports of the first omicron variant cases of Covid in Mainland China. At the time of writing, a modest majority of Asian […]

Type: Bearish ReversalKey Levels:Resistance: 1.36251Pivot:1.35984Support: 1.3557Preferred Case:Prices are abiding to a bullish trendline and forming a potential double top. We see the potential for a reaction dip from our Pivot at 1.35984 in line with 61.8% Fibonacci extension towards our 1st support at 1.3557 in line with 38.2% Fibonacci retracement. RSI is at a level […]

• Dow Jones reversed from resistance level 36800.00, • Likely to fall to support level 35000.00 Dow Jones index recently reversed down with the daily bearish Engulfing from the resistance level 36800.00, intersecting with the upper daily Bollinger Band and the weekly up channel from September. The downward reversal from the resistance level 36800.00 started […]

• USDCAD reversed from support level 1.2615 • Likely to rise to resistance level 1.2800 USDCAD currency pair recently reversed up from the key support level 1.2615 (which has been reversing the price from the start of December), intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) […]