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USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 1.3535; then the price might get a chance to break through the resistance level and continue growing. However, the price […]

Daily Market Outlook, February 20, 2023 Asian Markets Recover After A Tepid Start To The Trading Week Asian equities opened on the backfoot given a mixed handover from Wall Street as investors squared positions ahead of the Friday close and the US Presidents Day holiday today (with the NYSE closed today). Overnight geopolitical concerns were […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential for Bearish Drop TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for […]

Bitcoin has tested a very important resistance at the level of 25000. Currently, it stays still. However, Bitcoin might eventually pull back from this level, undergo correction, and gain the required support at the level of 21500. Yet buyers may help the asset to pull through to break the resistance and hit the level of […]

EURAUD Downside Opportunities EURAUD is looking interesting here. Following the breakout over late Q3/Q4 last year, price has since stalled, reversing from an attempted break above 1.5713. Price now looks to be resting in a potential head and shoulders formation, underpinned by the neckline support at 1.5206, suggesting potential for a deeper move lower on […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI is testing the resistance line. Next, a test of 3/8 (1.0620) should be expected, followed by a breakaway and a decline to the support level of 2/8 (1.0498). The scenario can be cancelled […]