On the H4, with the price trading higher from 1st support of 3642, previous swing low of June 2022 and the interim risk level of 3746.58 which is in line with the 23.60% fibonacci retracement level, we continue to have a bearish bias.
What happened in the US session? The DXY saw significant volatility overnight as price fell towards the 110.30 price level following the BoJ intervention over the Yen. However, the move lower recovered, with the DXY ending the trading day at the 111 price level. What does it mean for the Asia Session? With no … Continue reading IC Markets Asia Fundamental Forecast | 23 September 2022
What happened across the Asia session? Japan’s Okinawa is seeking to re-impose tighter Covid measures after seeing a doubling of infections in the Prefecture. North Korea was reported to have fired ballistic missiles which landed near Japan’s Exclusive Economic Zone and the border of a province near China. What does it mean for the Europe … Continue reading IC Markets Europe Fundamental Forecast | 5 January 2022
EUR/USD: Looking at the weekly chart, we can see that prices are seeing further limited upside before it reaches our resistance area at 1.22000 – 1.22800. On the daily chart, it echoes the same bullish view as well, where prices are facing bullish pressure from our support level at 1.2000, in line with the 23.6% … Continue reading Wednesday 28th April 2021: Technical Outlook and Review
ASIC’s product intervention What you need to know ASIC made a recent announcement that will change the way we can offer our products and services to retail clients of our ASIC licensed entity. We’ve put together a summary of the main reforms below to help you understand these changes and how they may affect you. These changes are … Continue reading ASIC’s product intervention
