S&P 500 Starts The Week On A Strong Note S&P 500 is trying to settle above the 4000 level as demand for stocks remains healthy despite stronger dollar and rising Treasury yields. The tech-heavy NASDAQ Composite moved above the 11,300 level. Consumer Inflation Expectations increased from 5.4% in September to 5.9% in October, compared to analyst forecast of 5.3%....
Daily Pivots: (S1) 1.3206; (P) 1.3283; (R1) 1.3331; More…. Intraday bias in USD/CAD stays on the downside as fall form 1.3976 is in progress. Strong support should be seen from 1.3207 cluster support (61.8% retracement of 1.2726 to 1.3976 at 1.3204) to bring rebound.
Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
Possible direction, analysis shows the market direction and the target before the pull back
Its a possible market direction base on analysis not fundamental news. Better to check for possibilities. POI.
Fall from our order block zone (retest). Previously we heard a strong bullish move, making it way to our old zone and market shows the aggressiveness. Now we wait for market to tap into our poi then bearish move
Market direction According to first description of US30 I posted, we have a very good fall on Friday 11th of November 2022 now the bearish finale direction will take place as soon as market resume.
Observing the market moves, market structure HH along side with order block. On your H4 time frame market price action inside the supply zone, symbolize market bullish moves.