Category: Technial Analysis

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The pair may now go by the signal in an ascending wave. The goal of the growth may be 1.0930. However, the price may pull back to 1.0830, bounce off it, and continue the uptrend after […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. As a result, 3/8 (129.68) is expected to be broken away, after which the quotes should fall to the support level of 2/8 (128.12). The […]

Meta Earnings In Focus Along with the FOMC today we also have big news in US earnings with Meta Platforms reporting its Q4 results today. With the iconic tech stock having suffered a brutal decline in value last year, amidst the worst year for tech stocks since 2008, traders are keen to see how the […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCHF potential drop to previous swing low TypeBearish Breakout Preference:Looking at the H4 chart, my overall bias for USDCHF is bearish due to the current price being below the Ichimoku cloud, indicating […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting inside a Triangle pattern. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.2305 is expected, followed by growth to 1.2625. An additional signal confirming the growth will be a bounce off […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0802. Today the market has formed a new structure of correction to 1.0868. At the moment, the market is forming a consolidation range around this level. The range might extend to 1.0886. Then the price is going to escape it […]

Technical trade Set Ups For Gold, Silver, Crude & AMD To access today’s actionable video analysis click here! Source: Tickmill

The dollar index started the week on a rather pessimistic note, trading below 102 points, suggesting that the market is setting low expectations for a hawkish Fed outcome on Wednesday. A moderate correction is taking place in the risk assets as a reaction to a possible turbulence due to a series of central bank meetings […]

The batch of EU economic data released on Tuesday curbed the bearish momentum in the Euro that we saw for the Euro in the first half of the day. EURUSD fell to 1.08, but started to recover following the release of upbeat economic data, namely consumer inflation in France, unemployment in Germany, as well as […]

Spotify Earnings Up Next On the back of two consecutive quarters of earnings declines, Spotify is in focus today. The company is due to report Q4 results with Wall Street looking for an adjusted loss per share of -$1.35 on revenues of $3.391 billion. Spotify suffered sharply over 2022, losing more than 60% of its […]