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Brent futures rose by more than 2.5% on Friday after China announced the easing of its COVID Zero strategy. Such a move by the world’s largest oil importer could lead to increased local and international travel and could lift demand for commodities in the country. According to the National Health Commission, China has reduced the […]
Weekly Live Market & Trade Analysis Watch yesterday's live market and trade analysis session here and see how I see how I guided traders ahead of the CPI release, I provided clear technical set ups that played out perfectly! Markets are moving, join me every Thursday for 'Real Time Actionable Analysis' on over 20 charts, […]
BRENT On H4, Brent quotes have broken through the 200-day Moving Average and are now below it, which signifies possible development of a downtrend. The RSI is testing the resistance line. In such circumstances, we should expect a downward breakaway of 6/8 (93.75) and subsequent falling to the support level of 5/8 (90.62). The scenario […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the reversal signal in the form of a correctional wave. The goal of the decline will be 1.0170. However, the price may grow to 1.0310, break through this level, and […]
• USDCHF broke support level 0.9735 • Likely to fall to support level 0.9475 USDCHF recently broke the key support level 0.9735 (low of the earlier short-term wave (iv) from the end of September) intersecting with the support trendline of the daily up channel from August. The breakout of the support level 0.9735 accelerated wave […]
Daily Market Outlook, November 11, 2022 “Asian markets surged higher overnight, taking their lead from mammoth gains in US markets, with US equity markets adding three trillion dollars of value as US inflation softened. US CPI came in at 7.7% down from the prior print of 8.2%, with the core metric (excluding energy & food) […]