Latest Market News
TitleBullish Momentum TypeBullish Rise Preference:Price is showing a bullish momentum at the pivot point of 1.0929 and could potentially rise higher from here; we could see momentum carry price up to its 1st resistance at 1.10057 which is a multi-swing-high resistance level. Alternative scenario:If price breaks below the pivot point, it could hit the 1st […]
Aussie Rally Continues The Australian Dollar is receiving a fresh boost today on the back of the latest RBA meeting minutes released overnight. The minutes were somewhat more hawkish than many were expecting. The bank noted that it discussed a potential hike at the meeting though ultimately decided that the case for holding policy steady […]
TitleGBPJPY H4 | Potential bearish breakout TypeBearish Drop Preference:Price could breakout of the swing high resistance at 181.554 and reverse to the 1st support at 178.608, the pullback support. Alternative scenario: The price could bounce off the pivot at 181.554 and rise to the 1st resistance at 184.076, the swing high resistance. To discuss this […]
#SP500 #Nasdaq #DowJones Year End Setups To access actionable analysis for the year-end setups for the major US Indices, use the links below! SP500 https://youtu.be/c0DdPL3OEIQ?si=C3MC9gvWCoank2GR Nasdaq https://youtu.be/4q-FRuY9lbc?si=eXWUMHyrBv7z0x_I DowJones https://youtu.be/hwF21dSlWko?si=3ubX22_Qgyxq9scX Source: Tickmill
The primary currency pair remains in a consolidation phase by Tuesday. The current EURUSD exchange rate stands at 1.0921. The foreign exchange market is still busy considering the information received last week, from the key regulators’ decisions to a block of significant statistics. The main focus is on the global expectation of monetary easing in […]
The Japanese yen is compelled to decline against the US dollar on Tuesday. The current USDJPY exchange rate stands at 143.50. The Japanese yen is falling because the Bank of Japan is doing none of what the market expects from it. The December meeting was utterly formal. The CB maintained its ultra-soft credit and monetary […]