Category: Technial Analysis
Credit AgricoleAsia overnightA modest retreat in UST yields and Chinese policymakers’ actions to shore up the economy helped sentiment recover a little during the Asian session. Newswires reported that Chinese regulators are considering allowing property developers to use certain funds from presold properties to help ease a liquidity crunch. The PBoC also cut lending rates, […]
Daily Market Outlook, January 20, 2022 Overnight Headlines US President Biden: We Can Still Pass Big Chunks Of Spending Plan Biden: Not There Yet On Possible Easing Of Tariffs On Chinese Goods Manchin, Sinema Join GOP To Sink Filibuster Change For Voting Bill Desperate Dems Signal Support For Cutting Biden Bill Down In Size France […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may be […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, the asset continues moving sideways. After forming several reversal patterns, including Hammer, close to the support level, USDCAD is reversing and may form a new correctional impulse. In this case, the upside target may be the resistance area at 1.2555. However, […]
European Forex news roundup: The Australian dollar maintains rises following a good jobs report. Forex news from the European morning session on Jan 20, 2022 It was a mostly calm session, with few headlines and few important economic releases to work with. The dollar is remaining somewhat mixed, but it was somewhat slow earlier on […]
AUDNOK To Turn Higher?AUDNOK price action is starting to look interesting here. We’ve seen the pair moving lower within a well-defined bear channel over the decline from December highs. However, the move lower has seen bullish divergence in momentum studies and price is now turning higher, threatening a channel break. If price can clear the […]
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report showed that oil traders increased their net long positions by around 8% last week. This latest increase in upside exposure is well reflected in the price action with crude having broken out to its highest levels since 2014 this week at highs of almost $87 […]
EURUSD, “Euro vs US Dollar” After completing the ascending wave at 1.1364, EURUSD is expected to correct towards 1.1333. Later, the market may form one more ascending structure to break 1.1364 and then continue trading upwards with the target at 1.1444. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the ascending wave at 1.3648, […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is trading at 114.44; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 114.65 and then resume moving downwards to reach 113.45. Another signal in favour of a further downtrend will […]
Selling and buying forces in USD appear to be roughly balanced near the 95.50 mark on DXY amid signs of easing Treasury sell-off. The yield on 10-year US Treasuries pricked 1.90% on Wednesday and then turned into a decline, the pressure of sellers in the stock market, judging by modest upside in futures, is also […]