Wednesday 1st March 2023: Asian markets continue higher
Global Markets: News & Data: Markets Update: Asian stock markets are […]
Wednesday 1st March 2023: Technical Outlook and Review
Price is testing a key 1st support at 1786 area which is a 50% Fibonacci retracement lining up with an overlap support. If price were to bounce from here, it could potentially rise to 1st resistance at 1867 which is a 38.2% Fibonacci retracement.
Tuesday 28th February 2023 : Asian markets trade higher on global cues
Global Markets: News & Data: Markets Update: Asian stock markets are […]
Tuesday 28th February 2023 : Technical Outlook and Review
Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price is also along an ascending trendline.
Monday 27th February 2023 :Asian markets begin the weak shaky
Global Markets: News & Data: Markets Update: Asian stock markets are […]
Markets Tumble After Stronger US Data
Stock markets took a hit once again in the New York session as another strong data print out of the US gave more credence to the ‘stronger for longer’ opinion on US rates that is permeating the market.
Monday 27th February 2023 : Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to continue heading towards the 1st support at 3898.00 where the overlap support intersects with the 78.6% Fibonacci line.
Friday 24th February 2023 : Asian markets breath a sigh of relief
The dollar index, which measures the safe-haven dollar against six peers, was hovering at 104.63, not too far from a seven-week high of 104.78. After trending lower in recent sessions, the price of crude oil showed a strong move back to the upside on Thursday, despite a bigger than expected increase in U.S. crude oil inventories.
Friday 24th February 2023 : Technical Outlook and Review
Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price is also along an ascending trendline.
