Category: Technial Analysis
Nike Beats Earnings Shares in Nike surged higher yesterday and are trading around 4% higher ahead of the US open today after the company posted better than expected earnings. For Q3 FY 2023, Nike posted EPS of $0.79, well above the $0.55 the market was looking for. Additionally, revenues came in at $12.39 billion, again […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth might be 1.0955. However, the price might pull back to 1.0870 and continue the uptrend after correcting to […]
The British pound against the US dollar has reached its peak since 2 February. The current quote is 1.2326. Currently, the pound relies on the weakening USD. Everything else, including price statistics or the upcoming meeting of the Bank of England, has faded into the background. However, there is much to look at. Yesterday Britain […]
Daily Market Outlook, March 23, 2023 Powell Giveth, Yellen Taketh… Bailey Up Next Asian equities took their lead from Wall Street’s souring in risk sentiment, as all US benchmarks closed in the red, nursing 1%+ losses on the session as markets sought to make sense of duelling narratives, on the one hand FOMC Chair Powell […]
The currency pair EUR/USD is heading up. The asset is gradually approaching critical resistance at the psychological level of 1.1000. The asset’s price is likely to pull from this level soon. Time will tell when it might happen. Gold has pulled from the upper boundary of the range. The asset is heading down, targeting the […]
Fed in Focus Traders are bracing for the headline event of the week today with the March FOMC on deck later. Over the week ahead of the meeting expectations head been evenly split between a .25% hike and an unchanged decision. However, over the last 24 hours market has swung in favour of expecting a […]
GBP Spikes on Inflation Jump GBP has soared into pole position across the G10 FX space over the European morning on Wednesday. The latest UK inflation data released today highlighted an unexpected uptick in consumer prices last month which has fed into hawkish expectations ahead of the BOE tomorrow. Prior to the data, traders had […]
On Wednesday, the Japanese yen against the US dollar is stabilising. The current quote is 132.44. Earlier the JPY grew noticeably because the USD declined. The Japanese Minister of finance Shunichi Suzuki has mentioned in his speech today that the country’s financial system looks stable. To react flexibly to price changes, the Ministry of Finance […]
On Wednesday, EURUSD is growing. The current quote is 1.0770. Today is a big day. This evening, the US Fed will close probably the most unpredictable meeting of recent times. The regulator needs to make a difficult decision: whether it should lift the interest rate by 25 base points and continue fighting with inflation or […]
Title EURUSD H4 | Potential Bearish Reversal TypeBearish Reversal Preference:Price is currently in our pivot area at 1.07666 which lines up with a 50% Fibo retracement which is an overlap resistance, if price were to reverse it could potentially drop to 1st support at 1.06858 Alternative scenario:However, if it breaks above the pivot, it could […]