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EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking its consolidation range to the upside, EURUSD has broken 50.0% fibo. At the moment, the asset is starting a new pullback, which may later be followed by another growth towards 61.8% and 76.0% fibo at 1.1500 and 1.1570 respectively. The […]
EURUSD, “Euro vs US Dollar” Having finished the correctional wave at 1.1380, EURUSD is expected to form one more ascending structure to break 1.1435 and then continue trading upwards with the target at 1.1495. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the correctional wave at 1.3620. Possibly, today the pair may resume […]
Stock futures fell Tuesday, with Nasdaq-100 futures NQ00, -1.69% dropping 1% as U.S. Treasury yields shot higher across the board. S&P 500 futures ES00, -1.00% were off 0.5%, with Dow industrials futures YM00, -0.65% modestly lower. The losses came as the yield on the 10-year Treasury TMUBMUSD10Y, 1.828% climbed 5 basis points to 1.83% and […]
Type: Bearish ReversalKey Levels:Resistance: 1.15137Pivot: 1.14603Support: 1.13846Preferred Case:With price approaching the resistance of the stochastics indicator, we are bias that price will drop from our pivot at 1.14603 in line with the 161.8% Fibonacci extension and swing high resistance to 1st support at 1.13846 in line with 38.2% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, […]
Type: Bullish BounceKey Levels:Resistance: 0.72717Pivot: 0.71951Support: 0.71281Preferred Case:With price moving above the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 0.72717 which is in line with horizontal overlap resistance and 61.8% Fibonacci retracement from pivot at 0.71951, which is in line with horizontal overlap support and […]
In this Weekly Market Outlook 17-01-22, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it! Source: Tickmill