Category: Technial Analysis
Inflation Falls Again Yesterday’s weaker-than-forecast UK inflation reading has put the emphasis back on a BOE pivot. On the back of the BOE’s most recent .5% hike, taking rates to their highest level in 14 years, market pricing has swung in favour of a smaller .25% hike at the upcoming March meeting. The BOE has […]
The dollar index continued to rise on Thursday and broke through the 104 level. The dynamics of economic activity in the US continues to surprise this quarter, which allows the Fed to remain hawkish and keep short-term yields in the US unchanged. Today’s data calendar is not particularly remarkable, but several speakers from the Fed […]
The Australian dollar in the pair with its US counterpart is under pressure. The current quote is 0.6915. Trying to recover, Aussie gets under more and more influence of sellers. The morning Australian statistics have shown that the unemployment rate in January grew to 3.7% from 3.5% previously. At the same time, the number of […]
EURUSD remains under pressure. The current quote is 1.0710. On the whole, the US statistics published yesterday supports market confidence that the Federal Reserve System has reasons for further tightening of the monetary policy. Retail sales in January grew by 3.0% m/m more than expected. After a decline by 1.1% m/m in December, this is […]
Daily Market Outlook, February 16, 2023 European Earnings Pump The CAC 40 To Join The FTSE At Record Highs Asian equities are mostly in the green overnight following a positive close on Wall Street as investors digested data including much stronger than expected retail sales coupled with a robust read from the New York Fed […]
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 reversal off a key overlap support TypeBullish Reversal Preference:We are seeing the price has tested and bounced back from the key support. Looking for a pullback buy entry […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, 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 decline might be 1.3315; later the pair may break through the support level and continue the decline. However, the price may […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has bounced off the resistance line. A breakaway of 3/8 (0.9216) should be expected, followed by falling to the support level of 2/8 (0.9155). The scenario can be cancelled by rising above the […]
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EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0715 is expected, followed by falling to 1.0525. An additional signal confirming the decline will be a bounce off the upper […]