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Daily Market Outlook, December 1, 2022  ‘Powell Points To Moderating The Pace Of Rate Rises, Santa Rally To Start?’ Asian equity markets took their lead from the late surge on Wall Street, Fed Chair Powell delivered a speech on the economy, inflation and employment, during which he suggested it made sense to consider slowing the […]

Type: Bullish Continuation Key Levels:Resistance:3.9600Pivot:3.6885Support:3.5545 Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is. […]

Type: Bullish Continuation Key Levels:Resistance:1.05090Pivot:1.01315Support:1.03600 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.05090 where the […]

Technical Trade Set Ups For Meta, Microsoft & Nvidia Source: Tickmill

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI is testing the resistance line. Currently, we should expect a test of 0/8 (137.50), a breakthrough, and falling to the support level of -1/8 (135.93). The scenario can be cancelled by […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed Harami and Hammer reversal patterns. Currently, the pair is forming an ascending wave by the signal. The goal of growth might be 1795.00. Upon testing the resistance level, the pair might get the chance for breaking it away and continuing the uptrend. However, […]