Category: Technial Analysis

EURUSD, “Euro vs US Dollar” The currency pair is correcting inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0385 is expected, followed by growth to 1.0755. An additional signal confirming the growth will be a bounce off […]

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 is testing the resistance line. A bounce off 4/8 (137.50) should be expected, followed by falling to the support level of 3/8 (134.37). The scenario can be cancelled by rising […]

Type: Bullish Continuation Key Levels:Resistance:3.9600Pivot:3.6885Support:3.5545 Preferred Case:Looking at the H4 chart, my overall bias for HG1! 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 continue heading towards the resistance at 3.9600, where the previous swing high is. […]

Daily Market Outlook, December 7, 2022  China Re-opening Fails To Inspire, Trade & Tech Weakness Weigh Weakness on Wall Street led by the Nasdaq selling off 2%, as tech names were hit hard, migrated to Asian markets overnight, lacklustre performance in the energy and tech sectors sent the Nikkei lower, with the Shanghai Comp and […]

The Japanese yen against the US dollar looks stable. The current quote is 137.36. This morning, Japan issued some statistics that demonstrated an improvement in the leading indicator index in October to 99% from 97.5%. This is an averaged index containing 12 economic parameters that describes the state of the economy for the upcoming 3-6 […]

EURUSD, “Euro vs US Dollar” The currency pair completed an impulse of decline to 1.0460. Today a consolidation range is forming around this level. An escape downwards and further decline to 1.0388 is expected. After this level is reached, growth to 1.0460 may begin. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues […]

The BTC is being dragged down again. On Wednesday, the leading crypto is declining to 16,827 USD. And while yesterday there was a good chance to return above the resistance level of 17,200 USD, today this scenario just has no reason to be considered realistic. There is no correlation with the US stock markets, neither […]

The market major this Wednesday declined and took a pause. The current quote is 1.0450. EURUSD remains very sensitive to the turbulence of market moods. On Wednesday, there are minimum important statistics, so consolidation may take time. The main market sentiment is uncertainty. There is still a week left till the meeting of the US […]

Aussie Rates Hit 10-yr Highs The RBA continued with its tightening program overnight. The December rates meeting saw the bank pressing ahead with a further .25% rate increase, as expected. Additionally, the bank signalled that further hikes would likely be necessary given the inflationary backdrop, warning that the path of monetary policy was not set […]

The RBA delivered a 25 bp rate hike and indicated that it plans to deliver at least a 50 bp tightening in 2023 driving terminal rate to 3.6%. There were no bullish implications for AUD as the RBA’s decision was priced in, with market participants focusing on the recession risk in the economy of key […]