Category: Technial Analysis
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target of the growth might be 1.3760; next, the price might break it and go on growing. However, the price may pull back to 1.3665 before […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of growth to 1.0787. At the moment, a consolidation range is forming around this level. We expect an escape of the price from the range downwards and further development of the wave to 1.0650. The target is first. After the price reaches this […]
Title XAUUSD H1 | Potential reversal from 23.6% TypeBullish Bounce Preference:The price is nearing our pivot point at 1959, which lines up with a 23.6% Fibonacci retracement level. If the price were to reverse from this level, it could potentially rise towards the 1st resistance level at 1985. Alternative scenario:On the other hand, if price […]
Kiwi Coming Off The New Zealand Dollar has come under heavy selling pressure on Tuesday, despite a broad pickup in risk appetite. The latest data released overnight showed the New Zealand trade surplus narrowing sharply from the prior month, reflecting the negative impact of recent weather emergencies there. Recent cyclones and flooding saw the RBNZ […]
Nike Earnings Up Next Traders are looking to shares in Nike today as the company prepares to release Q3 fiscal year 2023 earnings later today. The stock has been under pressure over recent weeks, correcting around 12% lower from YTD highs. However, ahead other earnings release today Nike shares are trading a little higher suggesting […]
Equities Bounce Back As Traders Look Beyond Banking Troubles Global equities benchmarks are climbing strongly at the start of the week. Despite a sea of red as we opened yesterday, losses were quickly reversed and risk appetite was seen returning as news of the UBS purchase of Credit Suisse made its way through markets. Although […]
Daily Technical Trade Set Ups For Gold, Silver & Crude Oil To access today’s actionable analysis, click here! Source: Tickmill
EUR Moving Higher The Euro has been broadly higher today on the back of comments made by ECB president Lagarde yesterday. Testifying to European Parliament, Lagarde was seen reaffirming her commitment to bringing inflation back down to target. On the back of the bank’s latest half-point rise last week, Lagarde told members of the Economic […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0729. At the moment, a consolidation range is forming around this level. We expect the price to escape the range downwards and go on developing the wave to 1.0620. The target is local. After the quotes reach this level, a […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which reveals the prevalence of a downtrend. The RSI has broken the support level. As a result, we expect the price to keep falling to the nearest support at 2/8 (0.6591). The scenario can be canceled by an upward […]