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EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0860 is expected, followed by a decline to 1.0675. An additional signal confirming the decline could be a rebound from the […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to 1.0855. Today the market is forming a decline wave structure to 1.0806. Once this level is reached, a correction to 1.0825 is expected (a test from below), followed by a decline to 1.0790. This is a local target. GBPUSD, “Great Britain […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be the resistance at 1.0860. However, the price might drop to 1.0780 and extend the downtrend without pulling back. USDJPY, “US Dollar vs Japanese […]

EUR Under Pressure The Euro is seeing fresh selling pressure on Tuesday as traders digest the latest data out of the eurozone. One of the big themes which has developed at the start of 2024 is central bank pushback against rate-cut expectations. The Fed, BOE and ECB have all been active in trying to steer […]

Tech Heavy Hitters to Report US earnings season rolls on and today marks an important day for the tech sector with heavy hitters Alphabet and Microsoft both due to report Q4 results at the market close. Given the sudden AI gold-rush we’ve seen emerge over the last year, these two companies’ results are drawing even […]

Daily Trade Setups GBPAUD CADJPY & AUDJPY To access today’s action analysis click here! Source: Tickmill