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S&P Slips From Highs It’s fair to say that it’s been a relatively quiet week across markets. We’ve seen decent volatility, just little in the way of clear directional moves. Much of what has gone up, subsequently came down and vice versa. Weeks like this, however, are a good time to reflect on one’s trading […]

UK Economy On the Edge The latest UK economic data today suggests that the recent optimism we’ve seen might be a little pre-mature. Preliminary quarterly GDP was seen at 0% in Q4, just above the -0.3% seen over the prior quarter. Had the result been negative today, the UK would have been in a technical […]

EURUSD, “Euro vs US Dollar” EURUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0785 is expected, followed by falling to 1.0565. An additional signal confirming the decline will be a bounce off the upper […]

XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed an Inverted Hammer reversal pattern. Currently, the instrument can go by the signal in an ascending wave. The goal of the growth might be 1890.50. Upon testing the resistance level, the pair might get the chance to break through it and continue the […]

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 to recent swing low TypeBearis Preference:My overall bias for AUDUSD is bearish as there is a descending trend line. Looking ofr buy entry at 0.701, […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleETHUSD potential for bearish drop to overlap support TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud, […]