Latest Market News
Type: Bullish Rise Key Levels:Resistance:2023.0Pivot:1945.0Support:1808.5 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the […]
The BTC is doing a good job. On Friday, it returned above 17,200 USD, resting now at 17,215 USD. The price range remains excessively narrow. However, the fact that the buyers had enough strength to return above the intermediate resistance level, opens a pathway to 18,500 USD. This way will be long, if it ever […]
Type: Bullish Rise Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bullish due to the current price approaching to cross above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to possibly head up towards the resistance at 4173.25, […]
Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! 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 head towards the resistance level at 1508.75, where the previous swing high is. […]
On Friday, the market major looks vigorous. The current quote is 1.0580. The market is discussing a possible increase in the European interest rate by 75 base points. Leading investors are now making lots of forecasts concerning this issue. We must admit, expectations are rather carnivorous. This supports the EUR. The statistics on the unemployment […]
Daily Market Outlook, December 9, 2022 Wall Street Rebounds Ahead of US Producer Prices Data Wall Street broke a week-long losing streak at the close of New York trading, and Asian equity markets followed suit erasing losses on the week, while investor sentiment remains somewhat shaky, markets have been buoyed by a belief that inflationary […]