Category: Technial Analysis
Aussie Rally Continues The Australian Dollar is receiving a fresh boost today on the back of the latest RBA meeting minutes released overnight. The minutes were somewhat more hawkish than many were expecting. The bank noted that it discussed a potential hike at the meeting though ultimately decided that the case for holding policy steady […]
TitleGBPJPY H4 | Potential bearish breakout TypeBearish Drop Preference:Price could breakout of the swing high resistance at 181.554 and reverse to the 1st support at 178.608, the pullback support. Alternative scenario: The price could bounce off the pivot at 181.554 and rise to the 1st resistance at 184.076, the swing high resistance. To discuss this […]
#SP500 #Nasdaq #DowJones Year End Setups To access actionable analysis for the year-end setups for the major US Indices, use the links below! SP500 https://youtu.be/c0DdPL3OEIQ?si=C3MC9gvWCoank2GR Nasdaq https://youtu.be/4q-FRuY9lbc?si=eXWUMHyrBv7z0x_I DowJones https://youtu.be/hwF21dSlWko?si=3ubX22_Qgyxq9scX Source: Tickmill
The primary currency pair remains in a consolidation phase by Tuesday. The current EURUSD exchange rate stands at 1.0921. The foreign exchange market is still busy considering the information received last week, from the key regulators’ decisions to a block of significant statistics. The main focus is on the global expectation of monetary easing in […]
The Japanese yen is compelled to decline against the US dollar on Tuesday. The current USDJPY exchange rate stands at 143.50. The Japanese yen is falling because the Bank of Japan is doing none of what the market expects from it. The December meeting was utterly formal. The CB maintained its ultra-soft credit and monetary […]
JPY Under Pressure The Japanese Yen has weakened sharply across early European trading on Tuesday following the Bank of Japan’s December monetary policy meeting overnight. Despite the usual speculation that the BOJ is headed towards policy normalisation and expectations of a potential ‘signal’, the BOJ once again held policy unchanged and reaffirmed its commitment to […]
Daily Market Outlook, December 19, 2023 Munnelly’s Market Minute… Asian stocks traded mixed after a slow start, with limited news and no significant impact from the BoJ’s actions. The JPY was affected as the BoJ kept its rate and YCC unchanged, and acknowledged the recent cooling in inflation.BoJ Governor Ueda says that any policy change […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0885 is expected, followed by a rise to 1.1065. An additional signal confirming the rise will be a rebound from the lower boundary of […]
AUDUSD, “Australian Dollar vs US Dollar” The AUDUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. However, a divergence is forming on the RSI. As a result, in this situation, a test of 7/8 (0.6774) is expected, followed by a rebound from this level and a decline to […]
Copper Rally Resumes Copper prices are turning higher today with the metal once again keeping pressure on the 3.9410 resistance level, suggesting risks of a breakout higher. The metal has advanced well off the October lows and, despite some correction lower at the start of the month, is now back up near Q3 highs. The […]