IC Markets Europe Fundamental Forecast | 27 January 2023

IC Markets No Comments

What happened across the Asia session? The major currencies retraced against the US dollar briefly during the Asia session, however, current price action signals the potential for further DXY strength.   What does it mean for Europe and US Sessions? Anticipate increased volatility across the major currency pairs, but watch out for choppy price action as … Continue reading IC Markets Europe Fundamental Forecast | 27 January 2023

Friday 27th January 2023 : Technical Outlook and Review

IC Markets No Comments

USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance level at 131.592, where the 61.8% Fibonacci line is. In an alternate … Continue reading Friday 27th January 2023 : Technical Outlook and Review

IC Markets Asia Fundamental Forecast | 27 January 2023

IC Markets No Comments

What happened in the US session? The major currencies traded with significant volatility following the release of key economic data for the US. As the DXY strengthened, most major currencies lost significant ground against the US greenback.  What does it mean for the Asia Session? Look for prices to complete the retracement and break out … Continue reading IC Markets Asia Fundamental Forecast | 27 January 2023

IC Markets Europe Fundamental Forecast | 26 January 2023

IC Markets No Comments

What happened across the Asia session? Most major currencies traded in consolidation during the Asia session as the DXY consolidated along the 101.30 price level.  What does it mean for Europe and US Sessions? Anticipate increased volatility across the major currency pairs with the release of the US advance GDP due today. The Dollar Index … Continue reading IC Markets Europe Fundamental Forecast | 26 January 2023

Thursday 26th January 2023 : Technical Outlook and Review

IC Markets No Comments

USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance level at 131.592, where the 61.8% Fibonacci line is. In an alternate … Continue reading Thursday 26th January 2023 : Technical Outlook and Review