Category: Technial Analysis
USD Slides As Powell Greenlights Smaller December Hike The US Dollar has come under heavy selling pressure today following a dovish set of comments from Fed’s Powell yesterday. Speaking at the Brookings Institute, Powell told audience members that the Fed agreed that a smaller pace of rate hikes would be appropriate from as early as […]
Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]
EURUSD, “Euro vs US Dollar” The currency pair has broken through 1.0160 and has completed a structure of growth to 1.0496. At the moment, the market continues forming a consolidation range under this level. A link of correction to 1.0160 is not excluded. With an escape from the range upwards, a pathway to 1.0580 will […]
The Japanese yen got seriously stronger against the US dollar overnight. The current quote is 136.30. The main reason for the stabilisation of the yen became the crash of the dollar. This happened after the head of the US Federal Reserve System Jerome Powell acknowledged their plan to increase the interest rate in smaller portions […]
Daily Market Outlook, December 1, 2022 ‘Powell Points To Moderating The Pace Of Rate Rises, Santa Rally To Start?’ Asian equity markets took their lead from the late surge on Wall Street, Fed Chair Powell delivered a speech on the economy, inflation and employment, during which he suggested it made sense to consider slowing the […]
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. […]
Type: Bullish Continuation Key Levels:Resistance:1.05090Pivot:1.01315Support:1.03600 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.05090 where the […]
Technical Trade Set Ups For Meta, Microsoft & Nvidia Source: Tickmill
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 is testing the resistance line. Currently, we should expect a test of 0/8 (137.50), a breakthrough, and falling to the support level of -1/8 (135.93). The scenario can be cancelled by […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed Harami and Hammer reversal patterns. Currently, the pair is forming an ascending wave by the signal. The goal of growth might be 1795.00. Upon testing the resistance level, the pair might get the chance for breaking it away and continuing the uptrend. However, […]