Latest Market News
Type: Bullish Continuation Key Levels:Resistance:2542Pivot:2422Support:2475 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head towards the resistance at 2542, where the 78.6% Fibonacci line and previous high […]
Daily Market Outlook, December 8, 2022 Wall Street Whipsawed On Deflationary Data & Putin Nuclear Rhetoric Wall Street witnessed a whipsaw session, driven by downward revisions to Q3 unit labour costs, this prompted a sell-off in US Yields and a rally in US stocks, this move was sharply reversed as investors hit the sell button […]
EURUSD, “Euro vs US Dollar” The currency pair performed an impulse of decline to 1.0443 and corrected to 1.0548. Today a structure of a declining wave to 1.0433 is forming. And with a breakaway of this level downwards as well a pathway to 1.0320 will open. After this level is reached, growth to 1.0320 might […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is correcting by a Wedge reversal pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2155 is expected, followed by growth to 1.2545. An additional signal confirming the growth will be […]
Type: Bearish Drop Key Levels:Resistance: 4173.25Pivot: 3913.25Support: 3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 3913.25, where the 50% Fibonacci […]
BOC In Focus The Bank of Canada will be in focus today as it meets for its December monetary policy decision. There is a great deal of attention on today’s meeting given the market expectation that the BOC could well signal a pause in its tightening program. While a further .5% of tightening is expected […]