Category: Technial Analysis
Type: Bullish Continuation Key Levels:Resistance:34707Pivot:34199Support:33675 Preferred Case:Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is. […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2210 is expected, followed by growth to 1.2720. An additional signal confirming the growth will be a […]
Daily Market Outlook, December 14, 2022 Stocks Reverse CPI Surge Wall Street surged higher on softer-than-expected CPI as investor risk sentiment seemed fuelled by the prospect of peak inflation being in the rear view mirror, however, as markets digested the data sentiment shifted significantly from the prospect of peak inflation to growth concerns, the intraday […]
Chinese Stocks Lower Ahead of Fed Chinese stocks are sitting off recent highs today. Despite the Chinese government having further relaxed various covid restrictions over the last few weeks, traders are watching developments carefully amidst news of a surging covid outbreak in Beijing. While there has been much speculation around the potential scrapping of the […]
On Wednesday, the currency major is waiting for the Fed’s decision. The current quote is 1.0630. Yesterday EURUSD went through a real rally, and for a serious reason. The US published the CPI for November, and these statistics surprised investors and economists. Inflation dropped to 7.1% y/y from 7.7% previously, while the forecast result had […]
EURUSD, “Euro vs US Dollar” The currency pair escaped the consolidation range upwards and exhausted the whole potential of the wave of growth at 1.0670. Today the market is forming an impulse of decline to 1.0594. After this level is reached, growth to 1.0633 will become possible. Then a decline to 1.0540 will follow. GBPUSD, […]
At the third attempt, the BTC finally did rise above the intermediate resistance level of 17,200 USD and secured above it. On Wednesday, the leading cryptocurrency is fluctuating near 17,798 USD. This is very good news. Securing above the resistance level the BTC opened for itself a pathway to an important resistance level of 18,500 […]
The GBP grew significantly against the USD. The current quote is 1.2340. This surge of optimism was solely thanks to the weakness of the USD. According to the statistics for today, the CPI in Britain in November dropped to 10.7% y/y. The previous result was 11.1%, which was the high since 1981. The forecast had […]
US Inflation Cools Further The peak inflation narrative has been given a further boost this week with the latest US and UK inflation data showing a cooling of consumer prices in both economies. In the US, annualised inflation was seen falling back to 7.1% last month, marking its lowest level since December 2021. This marks […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the support line downwards. A test of 3/8 (134.37) is expected, followed by a breakaway and falling to the support level of 2/8 (131.25). The scenario can […]