Category: Technial Analysis
The Bank of Japan may be mulling over following the suit of its peers and finally pick a course on raising rates. According to early rumors, this may happen before inflation hits its 2% target as the swift pace of its recovery could warrant an early policy action.BoJ is not expected to make a rate […]
Market Looking For March Rate Hike SignalLooking ahead to today’s FOMC meeting, the market is firmly expecting a hawkish delivery from the Fed. While no policy adjustment is expected at this point, the market is, however, looking for the Fed to essentially confirm a rate hike in March. Pricing for a March lift off has […]
EURUSD is saving strengths in anticipation of the Fed’s decisions. The major currency pair is waiting for the American regulator to go through its meeting. The current quote for the instrument is 1.1281. So, the zero hour has come. The 2-day Fed meeting will be over today and everyone is expecting as much information as […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, the previous decline has been replaced by a slight growth, which may start a new rising wave. If it happens, the upside targets may be 61.8% and 76.0% fibo at 1.3834 and 1.3987 respectively. However, an alternative scenario implies a […]
Daily Market Outlook, January 25, 2022 Overnight Headlines Australian Core Inflation Jumps To 7-1/2 Year Peak In Major Shock Australian Business Confidence Bruised By Coronavirus Surge China: Too-Fast Stimulus End In Some Nations May Hit Exports China Newspaper Calls For Faster Approval Of Property M&A Loans BoJ’s Kuroda Vows Easy Policy, Aware Of Early Inflation […]
Type: Bullish BounceKey Levels:Resistance: 2.04059Pivot: 2.01111Support: 2.00397Preferred Case:Prices are on bullish momentum and abiding to our bullish trendline. We see the potential for a bounce from our Pivot a 2.01111 in line with 100% Fibonacci extension towards our 1st resistance at 2.04059 in line with 61.8% Fibonacci extension, 127.2% Fibonacci extension and 100% Fibonacci retracement. […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Shooting Star, close to the resistance level, USDCAD is reversing and may form a new descending impulse. In this case, the downside target may be the support area at 1.2540. However, an alternative scenario implies […]
CIBCFX FlowsAustralia’s Q4 inflation came out higher than expected, trimmed mean, measure watched by RBA, up 2.6%, above the RBA target midpoint of 2-3%. Our macro strategist Patrick expects the RBA could announce next week to end QE sometime middle of February. Patrick, along with market is looking for rate hike this year. RBA is […]
Type: Bullish BounceKey Levels:Resistance: 27479.38Pivot: 27171.76Support: 26531.38Preferred Case:Prices are on bearish momentum and consolidating in a descending channel. We see the potential for a dip from our Pivot at 27171.76 in line with 100% Fibonacci extension toward sour 1st support at 26531.38 in line with 100% Fibonacci extension. Prices are trading below our Ichimoku cloud […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3474; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3505 and then resume moving downwards to reach 1.3355. Another signal in favour of a further downtrend will […]