Latest Market News
Technical & Trade View AUDUSD Bias: Bullish Above Bearish below .6650 .6760 Target Achieved, New Pattern Emerging Technicals Primary support is .6650 Primary upside objective is .6900 Next pattern confirmation, acceptance above .6775 Failure below .6620 opens a test of .6550 20 Day VWAP bullish , 5 Day VWAP bullish Today’s New York Cut Option […]
Real Wages Falling The latest economic data out of the UK today has further heightened fears of a recession there. in the three months through August 2022, the unemployment rate was seen ticking back up to 3.6% from 3.5% prior. At the same time, wages were seen rising just 6%, down from the prior 3-months’ […]
EURUSD, “Euro vs US Dollar” The pair has secured under the Tenkan-Sen line and is preparing to develop a correction by the Head and Shoulders pattern. The pair is going above the Ichimoku Cloud, which indicates an uptrend. A test of the Kijun-Sen line at 1.0220 is expected, followed by growth to 1.0685. An additional […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the descending trendline. As a result, we should expect a test of 1/8 (139.06), a breakaway of it, and falling to the support level of 0/8 (137.50). The […]
• USDCAD reversed from support level 1.3215 • Likely to fall to resistance level 1.3400 USDCAD recently reversed up from the key support level 1.3215 (previous monthly high from the start of July), lower daily Bollinger Band, intersecting with the 38.2% Fibonacci correction of the downward impulse from October. The upward reversal from the support […]
• Tesla reversed from resistance level 200.00 • Likely to fall to support level 180.00 Tesla recently reversed down from the round resistance level 200.00 (previous monthly low from the middle of October), intersecting with the 38.2% Fibonacci correction of the downward impulse from October. The downward reversal from the resistance level 200.00 continues the […]