Friday 03rd February 2023 : Technical Outlook and Review
If this bullish momentum continues, expect the price to possibly break the 1st resistance at 4180.00, where the previous swing high is., before heading towards the 2nd resistance at 4327.50 where the previous swing high is, In an alternative scenario, price could possibly head back down to retest the 1st support at 4091.75, where the 50% Fibonacci line is.
Wednesday 02nd February 2023 : Technical Outlook and Review
If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance at 4180.00, where the previous swing high is. In an alternative scenario, price could possibly head back down to retest the 1st support at 4091.75, where the 50% Fibonacci line is.
Wednesday 01st February 2023 : Asian markets tiptoe awaiting Fed statements
Global Markets: News & Data: Markets Update: Asian stocks advanced on […]
Wednesday 01st February 2023 : Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to possibly break the 1st resistance at 4109.25, where the recent high is, before heading towards the 2nd resistance at 4180.00, where the previous swing high is.
IC Markets Asia Fundamental Forecast | 01 February 2023
What happened in the US session? The DXY retraced strongly after […]
Tuesday 31st January 2023 : Technical Outlook and Review
If this bullish momentum continues, expect the price to continue heading towards the 1st resistance at 4119.97, where the 78.6% Fibonacci line is. In an alternative scenario, price could possibly head back down to break the 1st support at 3888.39, where the 50% Fibonacci line is, before heading towards the 2nd support at 3764.49, where the recent swing low is.
The Month Ahead – February 2023
As we head into the middle of Q1, we are seeing more activities in the US and European economies. Below are the key economic events to look out for if you're planning to open a position in February 2023. All times are listed in our platform time, GMT +2
Monday 30th January 2023 : Asian markets tread cautiously
Global Markets: News & Data: Markets Update: Asian stock markets are […]
Monday 30th January 2023 : Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to continue heading towards the 1st resistance at 4119.97, where the 78.6% Fibonacci line is.
