Category: Technial Analysis
TitleXAUUSD, H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1991.292 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1945.885. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2010.04. To discuss this trading idea, […]
Daily Market Outlook, April 04, 2023 RBA Tap The Breaks On Rate Rises Asian equity markets traded with a mixed tone, with some centres carving out modest gains, the upside was capped given the the choppy action seen on Wall Street, where manufacturing data indicated a further retreat in inflationary pressures and a softening in […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is pushing off the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 131.35 is expected, followed by growth to 136.55. An additional signal confirming the decline will be a rebound from the […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, the quotes have formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the correction might be 1.0890. However, the price may rise to 1.1000 and continue the uptrend without correcting to […]
Daily Market Outlook, April 05, 2023 RBNZ Hit The Gas And Raise Rates As Gold Shines Above $2000/oz Asian equities are trading with a mixed tone after a less than convincing close on Wall Street, with the benchmarks all closing in the red as an initial decline in JOLTS job openings sparked a rally on […]
TitleETHUSD, H4 | Hitting resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1835.69 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1742.9. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1860.61. To discuss this trading idea, head […]
Daily Technical Trade Setups For Dax, FTSE & Gold To access today’s actionable analysis please click here Source: Tickmill
TitleDXY H4| Bounced off from 1st support TypeBullish Bounce Preference:Price has bounced off from our pivot point at 101.6207, which is multiple swing low support along with 78.6% Fibo retracement. If price were to reverse from here, it could potentially push up to the 1st resistance at 102.6303, which is a swing high resistance Alternative […]
EURUSD, “Euro vs US Dollar” The currency pair completed a link of growth to 1.0862. The market has formed a consolidation range around it. If the price breaks the range upwards, it could be extended to 1.0915. A link of correction to 1.0862 (a test from above) could develop today. Then growth to 1.0938 is […]
EURUSD started growing again on Tuesday. The current quote is 1.0890. The market looks actively interested in risks, which supports the EUR and drowns the safe USD. The PMI reports from the Eurozone and separate European countries published yesterday turned out mostly positive. The US presented similar releases. In March, the PMI in production dropped […]