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To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGold potential for bearish drop towards overlap support TypeBearish Drop Preference:Looking at the H4 chart, my overall bias for Gold is bearish due to the current price being below the Ichimoku cloud, […]
Daily Market Outlook, February 9, 2023 European Markets On the Front Foot, As German Inflation Increases At A Slower Rate Asian markets trade with a bid tone, China indices pushed higher on PBOC liquidity interventions, an overnight reversal in US futures adds fuel to the risk on sentiment as delayed German inflation data came in […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleEURUSD Potential for bearish drop towards previous swing low TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for EURUSD is bearish due to the current price being below the Ichimoku […]
EURUSD is hardly moving. The current quote is 1.0730. The market has lived through serious changes in the moods – from panicking about statistics to becoming neutral again. This is time to get your nerve back. Meanwhile, inflation remains one of the crucial topics. For example, an ECB representative Klaas Knot voiced yesterday that the […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI is testing the support level. A downward breakaway of 2/8 (0.9155) is expected, followed by falling to the support level of 1/8 (0.9094). The scenario can be cancelled by rising over the […]
Newly minted dollar bulls after the NFP report did not hear anything encouraging from Powell on Tuesday, but other Fed representatives tried to meet market’s request for hawkish comments. Four Fed officials, who are at different positions on the spectrum of hawks and doves, have indicated that it is necessary to raise rates above 5%, […]