Friday 24th February 2023 : Asian markets breath a sigh of relief
The dollar index, which measures the safe-haven dollar against six peers, was hovering at 104.63, not too far from a seven-week high of 104.78. After trending lower in recent sessions, the price of crude oil showed a strong move back to the upside on Thursday, despite a bigger than expected increase in U.S. crude oil inventories.
Friday 24th 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.
Thursday 23rd 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. If this bullish momentum continues, expect the price to continue heading towards the 1st resistance at 138.175, where the previous swing high is.
Wednesday 22nd 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 3973.25 which is the overlap support and slightly above where the 61.8% Fibonacci line is.
Tuesday 21st 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 possibly break the 1st support at 4056.75, where the overlap support and 38.2% Fibonacci line is, before heading towards the 2nd support at 3973.25 which is the overlap support and slightly above where the 61.8% Fibonacci line is.
Monday 20th 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. If this bullish momentum continues, expect the price to possibly break the 1st resistance at 134.650, where the overlap resistance is before heading towards the 2nd resistance at 138.175, where the previous swing high is.
Friday 17th February 2023 : Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to possibly break the 1st resistance at 4147.58, where the 78.6% Fibonacci line is, before heading towards the 2nd resistance at 4325.28 where the previous swing high is.
Thursday 16th February 2023 : Technical Outlook and Review
If this bullish momentum continues, expect the price to possibly break the 1st resistance at 4208.50, where the recent swing high is., before heading towards the 2nd resistance at 4327.50 where the previous swing high is, In an alternative scenario, price could possibly head back down to retest the 1st support at 4090.00, where the 50% Fibonacci line is.
Presidents Day Trading schedule 2023
Dear Trader, Please find our updated Trading schedule and general information related to the Presidents Day Holiday on Monday, 20th February, 2023.
