News
The market major has again risen. The current quote is 1.0390. On Monday, the macroeconomic calendar was empty but there were things to pay attention to. The head of the European Central Bank Christine Lagarde yesterday underlined the readiness of the regulator to keep increasing the interest rate even if the PMI slowed down in […]
The Japanese yen against the US dollar cunningly avoids devaluation. The current quote is 138.67. The weak US dollar helps the yen remain neutral. This is a big victory if we keep in mind that the main course of the yen is devaluation, connected to a huge difference in trends and interest rates of the […]
CAD GDP Up Next On the back of the recent weakness we’ve seen in CAD, Canadian GDP will be in focus today. With little expected in the way of fireworks (consensus 0.1% vs 0.1% prior) only a meaningful surprise to the upside will help lift CAD currently. While CAD is finding some support from the […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, price may move towards the 4173.25 resistance level , which contains the 78.6% Fibonacci Fibonacci line. Alternative Scenario:Price could retest the pivot […]
Daily Market Outlook, November 29, 2022 ‘Bullard Breakdown Reverses On Improved China Sentiment…’ Global equity markets were once again rocked by Fed official comments that underpinned a hawkish view, with members supporting the higher for longer rate path, however, markets have stabilised overnight with the majority of Asian equity markets trading higher this morning, the […]
Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]