Bulls moving in on the bear’s break of 1.2090 structure
Share: GBP/USD is setting the foundations for a bullish setup with the 1.2180s eyed in a 50% mean reversion target. A 38.2% Fibonacci retracement is located at 1.2195. Nevertheless, bears will be lurking considering the break of structure at 1.2090. GBP/USD bulls moved in on Tuesday and are setting the foundations for a […]
Pullback looks favored before an upside break around 0.9280
USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near 10-period EMA will present a bargain buy for the market participants. The USD/CHF […]
Bears move in and eye a break of critical support
USD/CAD bulls look to the 50% mean reversion target of the bearish impulse. Bears eye supports below 1.3300, targeting 1.3250/20 and then 1.3200 / 1.3150. USD/CAD has blown off on Tuesday as preliminary domestic data showed the economy growing at a slightly faster pace than the Bank of Canada expected in the fourth quarter. This brings us […]
A Break Decided Between Rate Forecasts and Risk Trends
USDJPY, Rate Forecasts and Volatility Talking Points: The Market Perspective: USDJPY Bullish Above 132 USDJPY has developed a remarkably consistent channel, which has led to a range trading-like response from retail traders; but a break will be necessitated sooner than later Carry trade appetite is still a strong influence on USDJPY; but with a FOMC […]
Can US Q4 GDP Break the Recession Narrative?
Amidst all the debate of whether the US is heading into a recession this year, we get the first look at last year’s GDP figures. This could be the biggest market moving event of the week, especially if expectations are not met. And there is something of a wide range of forecasts. The Fed’s GDPNow […]
S&P 500 Marks Another Underwhelming Bullish Break – What Does It Mean?
S&P 500, MSFT, GDP, Recession and DXY Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00 The two-day charge for risk-leaning assets earned the S&P 500 a clear break through its 200-day SMA, trendline resistance and overlapping Fibs; but where is the follow through? Our growth interests given an […]
Gold Prices Power Ahead, Will XAU/USD Break $2,000 Soon?
Gold Price (XAU/USD), Chart, and Analysis Recommended by Nick Cawley Get Your Free Gold Forecast The outlook for gold remains positive with the precious metal continuing its multi-month move higher. A weaker US dollar, caused in part by a stronger Euro, global recessionary fears, and growing expectations that the Fed will ease back on interest […]
Is this the break that stocks are looking for?
If you go by the chart, it looks like buyers are looking to make a play and that bodes well for overall market sentiment. The 200-day moving average (blue line) and the key trendline resistance (white line) from last year’s downtrend have been major resistance levels that kept a lid on any upside movement but […]
Bears are moving in and eye a break of structure
AUD/USD bulls are in charge at the start of the week but bears are lurking. The US Dollar bulls need to show up to enable the Aussie is going to break the downside structure. As per the start of the week’s analysis, AUD/USD Price Analysis: Bulls eye 0.7020, bears target a break of H1 structure, […]
What Leads Dollar and S&P 500 to Stop Flirting With Volatility and Break Congestion?
S&P 500, VIX, Dollar, Recession and Earnings Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00 Despite some provocative event risk (China GDP, BOJ decision) and some bouts of acute volatility (USDJPY, S&P 500), the broader market avoided conviction As the benchmark US index teases another 200-day SMA break […]