My Bias is Bearish for this Upcoming London Session 1/21/22. I believe we have strong bear momentum and can continue bearish to 154.150. I have drawn the Levels we should pay attention to carefully. I'm looking for sells around 155.200, where there is a 1hr zone. This is a good pullback spot to go short, worth the Risk:Reward, trading with momentum. Additionally,...
The Chart does not show Friday's decline. Retail Sales have rolled over. _____________________________________ Market participants to continue to ignore the warning signs. Denial. ______________________________________ Powell warned after his confirmation hearing the Federal Reserve's effort to control Inflation will lead to a "Recession" - believe...
The technical figure Triangle can be found in the US company The Home Depot, Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States, supplying tools, construction products, and services. The Triangle has broken through the support line on 08/01/2022, if the price holds below this...
The Australian dollar is trading quietly at the start of the week. In the North American session, AUD/USD is trading at 0.7172, down 0.14% on the day. December job numbers in the US were mixed. The nonfarm payrolls report was a major disappointment, with a gain of 199 thousand, compared to a forecast of 425 thousand. Despite the soft nonfarm payrolls reports,...
Welcome to the first trading day of 2022! The euro is slightly lower in the European session, trading around 1.1350. Eurozone Manufacturing PMIs for December pointed to growth across the bloc. France and Italy beat the consensus, while Spain and the all-eurozone PMIs were within expectations. The one disappointment was Germany, which came in at 57.4. This missed...
The Japanese yen continues to lose ground. The yen suffered a third straight losing week, and the trend has continued on Monday. With USD/JPY currently trading around the 114.70 level, the 115 line is vulnerable. The pair last breached this symbolic level a month ago, but the dollar couldn't consolidate above this level. Japan's retail sales...
USDCAD has reached a 1 year high @1.2965. Breaking through the 1.2960 resistance could lead USDCAD to push towards 1.3020. Canada Core Retail Sales came out under expectations (1.3% vs 1.6%), reinforcing with fundamentals the technical analysis. Omicron is now the dominant COVID strain in US, with new cases soaring in Canada as well. Tighter measures have been...
Looking long entry daily and weekly 4 hour bullish confirmed. expecting an RALLY in long run, thanks.
The Commerce Department provided Data up 1.7 percent from September and 21 percent above pre-pandemic levels. Sales at Gasoline Stations rose nearly 47 percent in October from a year earlier. "Overall, sales are rising faster than prices" - according to the Commerce...
The British pound is in negative territory in the Friday session. GBP/USD is currently trading at 1.3450, down 0.35% on the day. UK retail sales for October surprised the markets, as the gain of 0.8% m/m was the first gain in five months. Clearly good news, but the improvement could well be due to early Christmas shopping rather than a change in the mindset of...
Looks good to go all the way to 293 and knock on some heavy resistance.. Buy some shares and cut once you're 40$ up from today..
The British pound continues to have an uneventful week and the lack of activity has continued in the Friday session. GBP/USD has been trading close to the 1.38 level for most of the week and is currently at 1.3804, up 0.09% on the day. UK Retail Sales declined by 0.2% in September. This is a cause for concern, given that retail sales have now declined for three...
AUDUSD H4 I'd like to see something like this unfold on AU, as mentioned in the technical rundown, dollar gained some nice strength off the back of the figures seen yesterday across retail sales and labour data. We saw a DXY upside break, breaking 92.800. AUDUSD respective support saw a downside breakout just like NZDUSD, retest has been seen, just looking for...
We can say a lot about GOLD and its current moves, but we have actually said it all before in our daily analysis: 7th of September: 16th of September: and all of the other ones as well. Now we're just waiting for price to reach our first target. In the next hour we will see the Retail sales numbers and that will just bring more volatility to the market....
May have a head and shoulders on the daily. Disappointing retail sales and or Jobless claims could send it lower tomorrow.
The Australian dollar rally has continued on Friday, as the currency is higher for a fourth straight day. Currently, AUD/USD is trading at 0.7430, up 0.43% on the day. The US dollar continues to falter, and the Aussie has taken full advantage. AUD/USD has gained 1.66% this week, after sharp gains of 2.42% a week earlier. Investors have given the Australian dollar...
Markets in Asia and especially in Europe started September strongly after higher-than-expected inflation in the eurozone and very optimistic comments from ECB Vice President Luis de Guindos, who said that the eurozone economy is growing faster than the ECB expected, hinting at an upward revision of the central bank's growth forecast. On the downside, German retail...
The Canadian dollar is in negative territory for a fifth straight day. Currently, USD/CAD is trading at 1.2902, up 0.57% on the day. June Retail Sales rebounded nicely, with gains of 4.2% for Headline Retail Sales (4.4% exp.) and 4.7% for Core Retail Sales (4.6% exp.). In May, the headline read was -2.1% and core retail sales at -2.0%. The strong gains are...