Category: Technial Analysis
GBP Rallying on Better PMIs The British Pound is seeing firm demand across the European morning on Wednesday. GBPUSD is up around 0.72% on the day and close to testing current 2024 highs following some better UK data this morning. The latest round of UK PMIs came out better than forecast for last month with […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting after failing to break the support level. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0875 is expected, followed by a decline to 1.0715. The decline could be additionally supported by a […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Doji pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2055.00 level. After testing the resistance, the price could break above it and continue its upward momentum. However, the quotes could pull back to 2010.00 […]
JPY Rallying Post-BOJ On the back of the latest BOJ meeting overnight, the Japanese Yen is strengthening a little across early European trading on Tuesday. The BOJ held its headline policy unchanged, with rates remaining in negative territory, as expected. However, there were some hints in the outlook with regard to inflation that appear to […]
BTC Rout Continues The Bitcoin sell-off continues to deepen this week with BTC futures now down more than 20% from the YTD highs. Selling since the SEC approved a slew of spot-Bitcoin ETFs earlier in the month has largely been attributed to fund outflows from holders who bought in long before approval was granted. In […]
Daily Trade Setups #DXY #USDCHF #USDCAD & #BTCUSD To access today’s real-time actionable analysis click here! Source: Tickmill
Copper Rallies on Tuesday Copper prices are rising today as traders digest news that China is considering a huge new stimulus package aimed at reviving falling stock markets. Reports overnight point to plans to mobilise around $300 billion in funds held in offshore accounts by state owned businesses. The capital will be used to invest […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI is testing the resistance area. In this situation, a downward breakout of the 4/8 (0.6591) level is expected, followed by a price decline to the support at 2/8 (0.6469). The scenario […]
The Japanese yen, paired with the US dollar, is about to decline further. The USDJPY exchange rate stands at 148.10. The Bank of Japan maintained its ultra-soft monetary policy at the January meeting. The interest rate remained at -0.10% per annum. The Central Bank made no changes to its credit and monetary policy structure and […]
The price of Apple stocks tested the maximum point at the level of 198.35, rebounded, and dropped. Currently, the asset’s price is trying to rise. The asset is targeting the resistance zone formed between levels 198.35 and 199.62. The price of this asset might potentially retest the previously reached level, rebound above the resistance, and […]