News

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential rise to a key overlap resistance TypeBullish rise Preference:Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku […]

On Wednesday, the BTC grew to 23,739 USD. So, the market has secured above 23,500 USD. It opens a pathway for 25,000 USD, as planned earlier. With more ambitious goals, we should wait: this spin of growth might be quite lengthy and cautious. Today global markets look interested in risks. Initially, they were stimulated by […]

The Australian dollar against the US dollar has put its decline on a pause. The current quote is 0.6753. The report from today demonstrated growth of the Australian GDP in Q4, 2022 by 2.7% y/y just as expected, or by 0.5% y/y instead of the expected 0.8%. Among other components of the report, the personal […]

China Data Rebounds Firmly The latest data out of China overnight has painted an encouraging picture of the economic recovery underway there since the government abandoned its zero covid policy at the start of the year. The latest CAIXIN manufacturing PMI reading was seen jumping to 51.6 last month, up from 49.2 in January. As […]

US Orders for durable goods – one of the key components of consumption, which is a decent proxy of households’ expectations of future incomes, posted decent gain in January. The headline reading declined MoM, however, excluding defense products and civil aviation, it rose by 0.8% (forecast was 0.1%). The latter indicator is more important because […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. A downward breakaway of 2/8 (0.6713) should be expected, followed by falling to the support level of 1/8 (0.6652). The scenario can be cancelled by […]