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.
IC Markets Europe Fundamental Forecast | 28 February 2023
What happened across the Asia session? Most major currencies consolidated through […]
Tuesday 28th February 2023 : Asian markets trade higher on global cues
Global Markets: News & Data: Markets Update: Asian stock markets are […]
IC Markets Asia Fundamental Forecast | 28 February 2023
What happened in the US session? The DXY retraced from the […]
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.
IC Markets Europe Fundamental Forecast | 27 February 2023
What happened across the Asia session? Most major currencies traded lower […]
Monday 27th February 2023 :Asian markets begin the weak shaky
Global Markets: News & Data: Markets Update: Asian stock markets are […]
IC Markets Asia Fundamental Forecast | 27 February 2023
What happened in the US session? The DXY strengthened significantly on […]
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.
