Category: Technial Analysis
Equities Softer Amidst Hawkish Central Bank Expectations Global equities benchmarks have seen a mixed start to the week with most indices trading a little in the red across the European open on Tuesday. On the back of the upside momentum we’ve seen across asset markets in recent weeks, stocks have lost a little steam recently […]
TitleDXY H4 | Potential reversal from pivot TypeBearish Reversal Preference:Price is approaching our pivot point of 101.1265 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.3196. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 101.6778. To discuss this trading […]
TitleEURUSD H4 | Bullish reversal from38.2% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 1.09802 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.10736. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.09242.. To discuss this trading […]
EURUSD, “Euro vs US Dollar” The currency pair formed a consolidation range around 1.1015, escaped it upwards, and reached the local target at 1.1065. Then a link of decline to 1.1015 is expected (a test from above). Then a new structure of growth to 1.1095 could follow, from where the wave could continue to 1.1120. […]
Retail Heavily Short EURAUD Looking across the skew in retail trading sentiment today, EURAUD stands out as a good candidate for long opportunities. The retail market is holding a large, roughly 90% short in the pair. EUR has been on a tear higher this week in response to hawkish comments from a group of ECB […]
US and European stock indices are on a slippery slope, the Dollar index found enough buyers to rebound from 101 level after the dip on Monday. The selling catalyst was disappointing report from the Dallas Fed regarding activity in US manufacturing sector. The corresponding index dropped to -23.4 points missing the forecast of -14.6 points. […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In these circumstances, a downward breakout of 2/8 (0.6652) can be expected, followed by a decline to the support at 1/8 (0.6622). The scenario can […]
EURUSD on Tuesday remains strong. The current quote is 1.1030. Last night, the market was so thin that a single sparkle was enough to cause noticeable fluctuations. This is exactly what happened. The American First Republic Bank reported a serious decline in the number of deposits in Q1 and a plan to cut down on […]
Daily Market Outlook, April 25, 2023 Asian equity markets are trading with a subdued tone following a lacklustre session on Wall Street as manufacturing survey data disappointed, after hours one of the poster childs for the banking crisis reported earnings, First Republic Bank issued earnings that surprised to the downside, which created jitters amongst investors […]
AI in Focus As US earnings season continues, the big focus today will be on tech titans Microsoft and Alphabet. Along with the focus on headline earnings and revenues traders will be particularly keen to receive the latest details about both company’s AI businesses. ChatGPT and Bard are at the forefront of the commercialisation of […]