Category: Technial Analysis
Daily Market Outlook, February 17, 2023 Fed Hawks Weigh On Risk Appetite As Investor Risk Sentiment Sours Asian equities declined as US producer price inflation and hawkish Fed rhetoric weighed on investor appetite into the weekend. Treasury yields ascended with the 10yr yield approaching 4% as markets reprice US rate expectations towards three further 25bps […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential for Bullish Rise to 61.8% Fibonacci line TypeBullish Rise Preference:Looking at the H4 chart, my overall bias for AUDUSD is bullish as the current price is above the […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a structure of decline to 1.0612. After this level is reached, a link of correction to 1.0715 is not excluded, followed by a decline to 1.0500. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues developing a structure of decline to 1.1901. After […]
Brent On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. The RSI has bounced off the resistance line. As a result, further falling of the price to the nearest support of 5/8 (82.81) is expected. The scenario can be cancelled by […]
USDJPY On the Up It’s been an interesting and action-packed week for traders with plenty of developments and plenty of nice moves to get involved with. Chatting with traders ahead of the weekend, it seems the big move capturing attention in FX is the fresh strength we’ve seen in USD this week, particularly against JPY. […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential for Bearish Drop to intermediate support TypeBearish Drop Preference:We are seeing the price is being above the Ichimoku cloud, Looking for a pullback sell entry at 0.6893 where […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is declining inside a bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line of the Cloud at 0.6920 is expected, followed by falling to 0.6695. An additional signal confirming the decline will be a bounce off the […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level the pair has formed a Longed Legged Doji reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the pullback might be 1.0600. However, the price may grow to 1.0720 and continue the uptrend without testing the […]
BTC Spikes Higher Following a slump over recent weeks, Bitcoin has regained upward momentum this week, breaking out to fresh 2023 highs. The move comes despite an uptick in US regulatory action against the crypto sector including exchanges and staking companies. Yesterday’s almost 10% rally marked the largest single-day increase for Bitcoin in over six […]
Oil Still Stuck in Range for Now Oil prices have seen a much quieter week so far with crude futures holding within last week’s range for now. A stronger US Dollar has caused some downside pressure in crude this week though prices appear to be recovering nicely on Thursday. We’ve been without a COT update […]