Daily structure is bearish break and retest , price is rejecting the resistance zone area could possible continue the trend direction. A distribution is starting to take shape. Fundamentals and now the technicals are starting to come into alignment. A break below the previous structure leg that created the Up Thrust, would signal the confirmation of Phase C of the schematic and give support to shorts.
Current long position, clean traffic to the left once we break! Fibs and price action playing out here nicely. This will be a zone hard to break. If not the start of a bull run, this zone would definitely give you some major reaction. You can't ignore If this reacts, im all in to wait for a new high. Price has been making lower highs and lower lows since January 5, high with short but brief retracements upward.
From my perspective, the market structure has shifted from bullish to bearish on the weekly and daily timeframes. My thesis is in line with my previous analysis on US30Y where I stated higher interest rates should put pressure on equities. Now I am waiting to start the second bearish leg and it is the time to sell.
I think another low is going to touch. Get started. US30 forecasts. Videos only. Follow US30 ideas. Top authors: US And this is not at all the European currency that did it, but the American one. More specifically, the US Federal Reserve. It had only what everyone already knew about. The content of the document simply confirmed the intention of the regulator to raise the refinancing rate by 0.
As for the statistics from the US, it came out rather multidirectional. Initial jobless claims for the week fell to K, which is less than the expected K. Orders for durable goods rose by 0. Its head, Jerome Powell, has repeatedly confirmed his intention to raise interest rates in order to curb inflation and prevent the economy from overheating. US annual inflation CPI hit 8. At the same time, according to analysts, a record rise in energy prices will continue to push inflation further upward in the coming months.
And this, in turn, may push the Fed to further tighten monetary policy. The US currency also continues to be supported by its status as a protective asset. As the armed conflict between Russia and Ukraine is expected to escalate, demand for it will continue to grow, as investors are concerned about the threat of stagflation in Europe. Rising tensions between China and Taiwan have increased craving for safe haven assets as well.
There is no unity in the readings of the indicators on D1. At the same time, a quarter of the "green" is already in the overbought zone. The nearest resistance is located in zone 1. If successful, the bulls will try to break through the resistance of 1.
For the bears, task number 1 is to break through the support at 1. If successful, they will move on to storm the low of 1. On the same day, the ADP report on US non-farm employment will be published, and another piece of data from the US labor market will arrive on Friday, October 08, including such important indicators as the unemployment rate and the number of new non-farm payrolls NFP. The two-week drop in the DXY dollar index was its worst losing streak since December However, unlike the euro, the British currency was helped by two more factors.
The first is strong labor market data. The second is inflation in April, which peaked in four decades and gave investors hope for further tightening of monetary policy and higher interest rates by the Bank of England. He said in an interview with Bloomberg TV on May 27 that he "expects a difficult period ahead" and "doesn't want to see a return to the s-style wage-price spiral.
A day earlier, the decision of the government of the United Kingdom, in contrast to the "boring" of the Fed's protocol, greatly surprised the markets. It is possible that the regulator will decide to take a more hawkish stance in order to limit inflationary pressure on the country's economy. Especially if the tension around the Northern Ireland Protocol increases.
Recall that this document is an addition to the Brexit Agreement, which regulates special trade, customs and immigration issues between the UK, Northern Ireland and the European Union. Supports are located at 1. A strong pivot point for the pair is at the psychologically important level of 1. In case of further movement to the north, the pair will have to overcome the resistance 1.
It is interesting to know what lies behind the wording "the recent movements of the yen". The rise in consumer prices is recorded for the eighth month in a row. They increased by 2. As noted by Dow Jones, inflation has exceeded the 2. But how do the leaders of the country react to this? According to the aforementioned Prime Minister Fumio Kishida, the authorities are aiming to meet the inflation target through the government's structural reforms, fiscal policy, and easing of the Bank of Japan's monetary policy.
Recall that the interest rate on the yen has been at a negative level of On the one hand, Fumio Kishida says that the government's priority is to alleviate inflationary pressure, including by raising the wages of citizens. On the other hand, Haruhiko Kuroda says that against the background of such wage increases, a steady increase in inflation is possible.
As a result, it is not yet clear at what point a compromise will be reached between the Government and the Central Bank of Japan, and what the country's economic policy will look like in the coming months. Among the indicators on D1, the alignment of forces is as follows.
|Life vest swimsuit||Reuters 27 May Join the Market Classroom. There is no unity in the readings of the indicators on D1. Russia is a major supplier of energy to Europe. It is possible that the regulator will decide to take a more hawkish stance in order to limit inflationary pressure on the country's economy. This is where the good news ends.|
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|Forexgridmaster review journal newspaper||A distribution is starting to take shape. Indices Forex Commodities Cryptocurrencies Shares 30m 1h 4h 1d 1w. TSLA After reaching a high of 1. A break below the previous structure leg that created the Up Thrust, would signal the confirmation of Phase Here of the schematic and give support to shorts. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Join the|
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Moreover, officials of European states continue to declare the impossibility, and even the inadmissibility of such a transition. In response, the Russian Federation officially announced the termination of gas supplies, in case Europe refuses to pay in rubles. The transition itself should happen already on April 1. So the market is in a state of complete uncertainty, which is a favorable condition for speculative attacks.
True, you can try to link yesterday's behavior of the single European currency with the negotiations between Ukraine and Russia, which resulted in the announcement of the withdrawal of part of the Russian troops from Kyiv. And if that's the case, then all European currencies should have grown. The trouble is that the pound, of course, also grew, but then returned to its original position.
It is this difference in behavior that makes it impossible to connect what happened with the negotiations. As a result of the short, the euro strengthened by more than points, eventually hitting a local maximum on March 17 at 1.
The RSI technical instrument jumped to the overbought zone in a four-hour period due to speculation, which coincides with the touch of the local maximum of 1. The Alligator indicator in H4 has completed the stage of intertwining between the MA lines in an upward direction. This was caused by a sharp change in the euro exchange rate. There is a downward trend on the trading chart of the daily period, in the structure of which a corrective move first appeared from the support level of 1.
In this situation, the local maximum at 1. In order for the upward cycle to be prolonged to new price levels, the quote needs to stay above the value of 1. This step will lead to further formation of a corrective move from the pivot point 1. At the same time, the natural basis of the past, associated with the 1. In this case, a slowdown in the upward cycle is possible, followed by a weakening of the euro, following the example of a price rebound on March Complex indicator analysis gives a buy signal in the short-term and intraday periods due to the price approaching the local maximum of the correction cycle.
Indicators in the medium term have a sell signal due to the medium-term downward trend. InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading. For Traders. Forex Analysis. Hot forecast. Expectations and prospects: In this situation, the local maximum at 1. Invest in capital that is willing to expose such risks. Daily Forex Forecast. All instruments Popular. All Forex brokers All Forex brokers.
Later, the market may form a new descending structure with the target at 1. Forex Technical Analysis. Daily Forex Forecasts. Later, the market may resume growing to reach 1. Later, the market may resume falling to break 1. Possibly, today the pair may expand the range up to 1. Later, the market may continue trading downwards with the target at 1. Later, the market may fall to break 1.
Ichimoku Cloud Analysis The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. Early in May, there was a similar test of the cloud, which resulted in a further downtrend Later, the m Today, the pair may correct with the target at 1. Later, the market may then start a new decline towards 1. Later, the market may correct to correct towards 1. Later, the market may correct to return to 1.
Get the latest market forecasts on US Wall St 30 index, including the streaming price, news, in depth analysis and outlook. The last time it climbed this high was 20 years ago. However, a reversal followed, and it was already at the level of exactly two weeks. All rates shown above are interbank/mid-market rates. For more live exchange rates use our online USD to INR currency converter. Gauge - USD Strength Indicator.