Category: Technial Analysis
The Japanese yen is rapidly rising against the US dollar on Thursday. The current USDJPY exchange rate stands at 141.62. A political scandal is unfolding in Japan, fuelling market expectations for a prompt monetary policy revision and providing an easy exit option from the current quantitative easing format. This could alleviate the cancellation of the […]
This week has witnessed two consecutive days of pivotal events shaping the global financial landscape. Yesterday, the Federal Reserve signalled a change in course, leaving interest rates unchanged but hinting at future cuts. Today, the spotlight shifts to the Bank of England and the European Central Bank, both expected to hold rates steady but facing […]
TitleXAUUSD H1 | Bearish reversal? TypeBearish Drop Preference:Price is currently at our pivot point of 2031, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 2008, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it might […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2605 is expected, followed by a rise to 1.2735. An additional signal confirming the rise might be a rebound from the lower […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The pullback target could be 1.3510. Next, the price might rebound from the resistance level and extend the descending wave. However, the quotes could drop to 1.3425 […]
Gold Correction Continues Gold prices are looking vulnerable this week amidst a bout of fresh USD strength ahead of the FOMC later today. Yesterday’s November CPI reading showed that inflation slowed to 3.1% annually from 3.2%, in line with expectations. While still headed in the right direction, the deflationary momentum we’ve seen across recent months […]
Daily Trade Setups #MSFT #AMZN #DXY To access today’s real-time actionable analysis Microsoft https://youtu.be/pDdBEtjaEXE?si=dYPMyylOFea7N2vZ Amazon https://youtu.be/OFe7PeeOQAM?si=qmMRzsXWogGbP9kP Dollar Index https://youtu.be/MDSBqEWdfTI?si=vvvcm_KoiX_HK–w Source: Tickmill
Record Breaking Deal Crude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the COP28 summit agreed on a record deal to transition away from fossil fuels in a bid to help tackle the increasingly worrying effects of climate […]
The foreign exchange market is churning today, with several key currencies experiencing volatility as investors digest the latest economic data and anticipate upcoming central bank decisions. Gold, the safe-haven asset, is feeling the heat after the release of US inflation figures, which reinforced expectations that the Federal Reserve won’t rush with the much anticipated dovish […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 5/8 (146.09) level is expected, followed by a decline to the support at 3/8 (142.18). The […]