Category: Technial Analysis
Daily Trade Setups #BTC #GOLD #CRUDE To access today’s real-time actionable analysis BTCUSD https://youtu.be/A54yJa000Ro?si=H7H2ESzTKnc2SyBL XAUSUD https://www.youtube.com/watch?v=omsxRcNEwV8 XTIUSD https://www.youtube.com/watch?v=0uVBbeTuGa8 Source: Tickmill
The primary currency pair was slightly below its previous levels on Wednesday. The current EURUSD exchange rate stands at 1.0690. The instrument’s decline has persisted for the third consecutive day, with sales being symbolic. The stabilisation of the US dollar began when certain Federal Reserve officials made comments in their speeches, indicating that the Fed […]
The greenback has regained its footing, and a pivotal factor behind this resurgence is the hawkish stance taken by several Fed members. Notably, we saw both a hawk, Neel Kashkari, and a dove, Austan Goolsbee, highlighting the battle against inflation and leaving all options open for the upcoming December meeting. This illustrates the delicate balance […]
TitleUSDCAD H4 | Potential bullish bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.37378 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.38900 which is a swing-high resistance level. […]
BTC’s price rose to 35,352 USD on Wednesday. The market aims at reaching an important resistance level of 35,800 USD. The seasonal trigger continues to favour buyers. The problem is that it might end very soon. According to seasonal cycles, the correction can stretch from 10 until 21 November. It is believed that the smaller […]
The Australian dollar paired with the US dollar has temporarily ceased its decline. The current AUDUSD exchange rate stands at 0.6438. Yesterday, the Aussie experienced a loss of approximately 0.8% within a day, marking the most significant intraday decline in a month. This downturn was prompted by the market’s reaction to the Reserve Bank of […]
TitleSPX500USD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could bounce off our pivot point at 4371.9, which is a pullback support level. If price bounces off our pivot point, then price could potentially continue its bullish run to the 1st resistance level at 4398.7, which is a swing high resistance level. Alternative […]
Daily Market Outlook, November 8, 2023 Munnelly’s Market Commentary… Asia – markets had a mixed performance following a similar trend from Wall Street, with the market activity being very limited in early APAC hours. Nikkei 225 initially gained from the strong earnings of Nintendo, which boosted the Electronics sector by over 6%, but the Oil […]
EURUSD, “Euro vs US Dollar” EURUSD has completed an impulse of decline to 1.0664, correcting to 1.0704 today. Extension of the correction to 1.0711 is not excluded. Next, the wave of decline might continue to 1.0640. And if this level also breaks downwards, the potential for a wave to 1.0566 might open. This is a […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has rebounded from the support level. A test of 2/8 (0.6469) is expected in these circumstances, followed by a breakout of this level and a rise to the resistance level of […]