EURUSD got a good boost yesterday, traveling back to its 50-day EMA, where it found resistance. If we clear that area, more buyers might join in.
For today, watch out for the ECB's Account of Monetary Policy Meeting, together with the EU preliminary CPI numbers.
Please watch the short video for the remaining analysis.
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Waiting for EURCHF to make a breakout, before considering the next short-term directional move.
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AUDUSD seems to be forming a possible falling wedge pattern, which, according to all the TA rules, tends to break to the upside. However, a confirmation break through the upper side of it is still needed, in order to get comfortable with a move towards higher areas. Until then, if the pair stays inside the pattern, it may continue...
WTI Oil continues to move sideways. We need a clear breakout through one of our levels in order to consider the next short-term directional move.
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Taking a conservative approach and waiting for a clear breakout either through the 1845 barrier, or the 1825 hurdle to consider the next short-term directional move.
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The S&P 500 is near a medium-term upside support line, drawn from the low of October 13th, 2022. Also, we can see that the psychological 4000 zone is something to be carefully monitored. If that whole territory gets violated, further declines are possible.
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Waiting for GBPCAD to go for a breakout. Canadian CPIs and Retail Sales are the ones to watch for today, as the data may bring much needed volatility for the pair to make a stronger move.
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In the short-run, ASX 200 may continue drifting lower, while trading within a falling wedge pattern. Although this pattern tends to be a bullish indication, as long as the boundaries of that barrier are respected, the slide may continue. But, don't forget that...
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On February 15th we mentioned there might be a possible falling wedge pattern forming, meaning that we could see some short-term advances. Indeed, the commodity broke out higher, however, in order to continue with the upside, a push above the 21.82 barrier would be needed. But even then we would only aim for the 200-day EMA, or even the 100-day...
Seeing a small retracement back down on DXY, after some bullish performance last week. If the index continues to trade above that short-term tentative upside support line, drawn from the low of February 2nd. More buyers may join on a break above the current highest point of February, at around 104.61.
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DAX traders still remain undecided on where the index is heading. On one hand, we remain above a medium-term upside line, meaning that the trend is still to the upside. However, if that medium-term trendline breaks, this could open the door towards much lower areas,
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After another week of declining, Gold has reached one of our targets, near the 100-day EMA. On Monday we mentioned the target in our quick morning analysis. If the commodity today remains above the that EMA, we may see a slightly rebound towards the short-term tentative downside resistance line. However, a decent fall below the 1825 hurdle could clear the path...
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and...
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and...
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and...
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and...
