AUDUSD. H4 | bullish opportunity
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analystAUDUSD, H4 | Potential to swing high TypeBullish ReversalPreference:We're seeing price test a key overlap support at 0.70624. There's a chance price might reverse from here to push prices all the way down […]
Bullish harami looms, with bulls targeting 131.50
USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131.57 before turning neutral. USD/JPY slumps in a choppy New York trading session and edges beneath 130.00 after a round of US economic data, […]
Bullish bets on Asian FX as easing of China COVID curbs boosts outlook
© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot from its strict COVID-19 curbs boosted […]
BABA End of Bullish Correction Hints at Impulse
BABA suggests the continuation of the bearish trend. This takes the form of a cycle triple zigzag consisting of sub-waves w-x-y-x-z. The actionary wave y and the intervening wave x have ended as double zigzags. Wave z is now under development. It is likely to take the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. There is […]
MUFG – bullish EUR, expecting +50bp ECB February rate hike, and most likely in March too
I posted earlier from MUFG: More from analysts at the bank, European Central Bank preview: We expect the ECB to deliver another 50bps hike at next week’s policy meeting and continue to signal that at least one more larger 50bps hike is likely at the March policy meeting. We only expect a slowdown in the […]
NZDUSD Final Leg of Bullish Impulse Underway!
A closer look at the 1H timeframe shows that the market has already completed the formation of a cycle actionary wave y. Thus, in the last section of the chart, we can see the formation of a new bullish trend. Most likely, there is a construction of the primary wave Ⓐ. This can take the […]
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 […]
GBPJPY Double Zigzag To Complete Bullish Trend
The GBPJPY currency pair is in the final part of a major triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ correction. The final actionary wave Ⓩ takes the form of an intermediate double zigzag (W)-(X)-(Y). The intermediate wave (W) looks completed at the writing time. And this makes the next few trading days interesting, as a bullish […]
Euro (EUR/USD) Latest – The Bullish Trend Remains in Place as the ECB Talks Tough
EUR/USD Price, Chart, and Analysis ECB ramps up the hawkish rhetoric. EUR/USD benefits from ongoing US dollar weakness. Recommended by Nick Cawley Get Your Free EUR Forecast The European Central Bank is not for turning and will continue to raise interest rates, and keep them there for long enough, ‘so that we can return inflation […]
Bears taking on bullish commitments near 1.3450 key area
USD/CAD bears are taking on a double bottom near 1.3450 support area. Bears eye a 61.8% Fibonacci retracement near 1.3415 should the double bottom (DB) be breached. USD/CAD is eating into the bullish rally’s tracks from yesterday’s business with 1.3450/30 eyed as a potential support structure in what has been a choppy descent from above 1.3500 on […]