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EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which reveals possible development of a downtrend. The RSI has broken through the support level. We should expect a downward breakaway of 3/8 (1.0620) and falling to the support level of 2/8 (1.0498). The scenario can be cancelled by rising […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDJPY potential for bullish rise towards overlap support TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, […]
Gold has managed to form a bearish flag and approach the resistance at the level of 1820.00. The asset might potentially pull from this level and jump. Currently, gold is undergoing a mere correction. So, it would be wise to follow the candlestick formations to understand what might happen next. American stock index S&P 500 […]
The BTC is looking for some reasons to return to stable growth, and on Monday has started to gro cautiously. The current quote is 21,874 USD. Over a week, the BTC has lost 4.25%. The losses of the crypto are directly connected to the moods on the US stock market. Investors are nervous, waiting for […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed an Inverted Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the correction might be 1.3400; later the price can bounce off the resistance level and continue the decline. However, the price may drop […]
Daily Market Outlook, February 13, 2023 A Cautious Start To Trading Ahead of Inflation Data Asian equities are mixed this morning ahead of tomorrow’s key US inflation print, with investors hoping that the trend in retreating inflationary pressures persists, however, Friday’s reports of revisions to past CPI data and elevated consumer inflation expectations have investors […]