Category: Technial Analysis

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 drop to intermediate support TypeBearish Continuation Preference:We’re seeing price tested and bounced back from the support line. There is a chance that the price go down and break […]

Record Profits Shares in oil giant BP are trading higher across the European morning today on the back of a stellar set of earnings. The group posted Q4 EPS of $21.95, just a touch under the $22.90 the market was looking for. However, revenues were seen higher than forecasts at $5.75 trillion vs $4.59 trillion […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0709. Today a consolidation range may form above this level. A link of growth to 1.0757 and a decline to 1.0699 should follow. After this level is reached, a link of correction to 1.0791 is not excluded, followed by a […]

EURUSD, “Euro vs US Dollar” EURUSD is descending by a bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0780 is expected, followed by falling to 1.0530. An additional signal confirming the decline will be a bounce off the upper border of the […]

Equities Under Pressure From Resurgent USD It’s been a difficult start to the week for global equities benchmarks. Leading indices have come under pressure on the back of Friday’s US jobs data which has fuelled a shift in Fed expectations, leading to a stronger US Dollar. Friday’s data saw the headline NFP print coming in […]

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XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the instrument might go by the pattern in an ascending wave. The goal if the growth might be 1895.50. After a test of the resistance level, the pair might break through it and continue the uptrend. However, the […]

The Japanese yen against the US Dollar started declining. The current quote is 132.13. Morning reports demonstrated that household spending in Japan in December has dropped by 1.3% y/y, while a month before it had dropped by 1.2%. Meanwhile, the forecasts were quite optimistic, suggesting a decline by 0.3% y/y. These statistics are leading and […]

TitleUSDJPY Potential for bullish rise towards overlap resistance TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to retest the pivot which is the overlap support. Expecting price to then continue heading towards the […]

 BTC Reversing From Recent Highs Bitcoin prices have come off a little from last week’s highs with the market turning lower by 7% across recent days. A slew of weaker-than-forecast tech earnings hurt sentiment last week. However, it was Friday’s post-NFP USD rally that really put BTC under pressure. With the NFP coming in well […]