Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0935 is expected, followed by a decline to 1.0765. The decline could be additionally supported […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2070.00 level. Upon testing the resistance, the price might break it and continue developing the ascending wave. However, the quotes could correct to 2035.50 […]
The EUR/USD pair faced slight downward pressure during the European session but later recovered to the equilibrium rate of 1.0950, which has been sustained by the market since last week amid a lack of conclusive signals from the Fed or the ECB: The Dollar index (DXY) rose amidst a thin-volume trading session marked by elevated […]
TitleResistance at 38.2% Fibo TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.67278 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66557 which is a pullback support level. Alternative scenario: […]
TitleGBPUSD M15 | Bullish bounce TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.2750, a pullback support that aligns with the 38.2% Fibo retracement. A bounce from this level could lead price to rise to 1st resistance at 1.2782, a multi swing high resistance. Alternative scenario:If price breaks below the pivot, it might […]
Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets click here You can use the levels referenced in the video for the cash market US500 USTECH & US30 by simply calculating the spread between the futures and the cash levels and […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0955. A growth link to 1.0980 is expected today. If this level breaks upwards, the potential for a rise to 1.1010 might open. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues developing a consolidation range around 1.2727. […]
EURUSD, “Euro vs US Dollar” EURUSD qutes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 4/8 (1.0986) and continue growing to the resistance at 5/8 (1.1047). The scenario could be cancelled […]
Daily Market Outlook, January 15, 2024 Munnelly’s Market Minute…“Nikkei Tests Levels Not Seen Since 1990” Asian stocks traded within a narrow range due to the absence of significant catalysts over the weekend. Global markets were expected to have a subdued session on Monday as a result of the extended weekend in the US. The Nikkei […]
CAD CPI in Focus USDCAD is moving higher today ahead of tomorrow’s Canadian CPI release. The market is expecting CAD CPI to have slipped further last month. M/M CPI is pegged at -0.3%, down from the prior month’s -0.1% while annually, median CPI, is forecast to hold steady at 3.4%. However, given the M/M expectations, […]