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Type: Bearish Drop Key Levels:Resistance:21.18Pivot:21.18Support:19.30 Preferred Case:Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is. […]
Type: Bullish Continuation Key Levels:Resistance:7381.5Pivot: 6397.5Support: 6797.5 Preferred Case:Looking at the H4 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is. […]
EURUSD, “Euro vs US Dollar” The currency pair has completed the main wave of growth to 1.0866. Today a wave of decline to 1.0707 should begin, followed by growth to 1.0786 and a decline to 1.0630, from where the trend might continue to 1.0545. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has […]
EURUSD, “Euro vs US Dollar” The currency pair is correcting after serious growth. The instrument is going above the Ichimoku Cloud, which indicates an uptrend. A test of the Kijun-Sen line at 1.0745 is expected, followed by growth to 1.1025. An additional signal confirming the growth will be a bounce off the lower border of […]
Type: Bullish Continuation Key Levels:Resistance:218.00Pivot:211.00Support:201.40 Preferred Case:Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 218.00, where the previous swing high is. Alternative Scenario:Price […]
Daily Market Outlook, January 13, 2023 Markets Poised To Post Weekly Back To Back Gains For The Start of 2023 Asian Equities are set to close out the week with a positive tone, following a whipsaw session on Wall Street, as investors digested US inflation data, markets are coalescing around the view that peak inflation […]