NICKY-FX

NICKY-FX

SPX was unable to continue recent bullish momentum today.

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US inflation shows no signs of slowing down, Annual inflation rate in the US unexpectedly accelerated to 8.6% in May of 2022. S&P 500 reacted to the peaking inflation by slowing the market by nearly 22% from ATH. Is really America heading towards a recession?

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SPX - Symmetrical Triangle Initial Jobless Claims 229K 227K 231K

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We can expect a short term pull back ( Sell-off ) right at the Strong/R level 32744. The price will Re- test the trend line and pull up in order to confirm the bullish continuation.

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Signaling the stock market is oversold and due for at least a short-term bounce to the level at 4090

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1 minute ago The Ukraine-Russia crisis complicates ECB's path to higher rate. The Pair seems to have geared down to berish, but still should wait for the sell-off confirmation as the pair can move up from the level at 129.70/71. Look for selling opportunities if the pair drops below 129.70 in order to minimize the risk.

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GBPUSD currently seems to be remaining berish, the pair is to touch 50-MA in short term .If the pair falls below the level 38% Feb/R , the next bearish target can lead to 1.3500. On the Upside if the pair runs above the level 1.3643, It probably will face the next level at 1.3700 right above 200 MA. Resistance - previous highs of 1.3643 support - 1.3356. Next...

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EUR/JPY EUR/JPY eyes at 127.51 as JXY continues to gain shortly against the bucket of currencies. Next Resistance at 130.15 Support - 127.51

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EUR/USD is to break above 1.15 Limit - 1.1563 Looking long oppertunities if the price pulls back from the Reaccumulation.

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GBP/USD Outlook Resistance - 1.3645 Support - 1.3385 * The price action seems to be respecting the trend. * US economic docket. Markets expect the employment in the private sector to increase by 400,000. Look for Selling opportunities if the price bounces back from 1.3645.

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Resistence - 1.8427 Support - 1.8248 GBP/AUD still displays an ascending triangle , If the price breaks the Key Level (1.8427) we can expect a possible break-out to next Resistance at 1.85 If then look for buying opportunities. On the downside If the price pull down at 1.8248 ( Fib/R 61 % ) expect a short continuation of berish.

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UK and the EU renew Brexit negotiations over the Northern Ireland protocol. Meanwhile the Australian Dollar seems to have moved mostly sideways & GBP/AUD seems to moving as an Ascending Triangle Pattern which indicates Often a bullish chart pattern.

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CAD/USD Bull The U.S. dollar garnered a bit support after U.S 10-year Treasury yields halted their slide in Asia and climbed from 1.634% to 1.654% in New York. Canadian Retail Sales rose 2.1% in August, as expected BUT dropped 1.9% in September. R/L - 1.2410 S/L - 1.2313

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AUD/USD OUTLOOK AUD seems to have shown mildly bullish outlook as Australian data released tend to be quite encouraging. AUD/USD has crossed resistance 0.7310,but most likely to look-down at the next Resistance 0.7380. Look for selling opportunities if the price pull-back at 0.7380. Resistance - 0.7380 Support - 0.7231

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EUR/JPY Rebounds . * The Japanese National Core CPI is to release tomorrow . Currently, EUR/JPY is testing the resistance zone of 129.6 and the next support zone is at 128.33. On the downside, If the price gets back from 38% Fib to 23% ,I can slip towards 128.33. Look for short-Term buying opportunities if the pull up from 128.72. Entry - 128.72 Limit - 129.68

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EUR/GBP - GBP looks stronger against EUR ! * GBP jumped after U.K. Core Consumer Price Index (CPI) YoY printed 3.1% ( Prev 1.9%) , Core CPI MoM (MoM) (Aug) - 0.7% ( Prev 0.5%) After testing daily gain 0.8562,the prices slipped back to 0.8500, the Pair seems to be re-visiting the support 0.8500, a down-break of 0.8500 can expect the continuation of bearish...

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EUR/USD - OUTLOOK * U.S Retail sales Increased by 0.7% in August.The report that printed that retail sales rose by 0.7% which is an encouraging fact to the U.S economy. *The Initial Jobless Claims and Continuing Jobless Claims reports are also released with visible decrement such as the Continuing Jobless Claims report decreased from 2.852K to 1665K. EUR/USD...

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AUD/USD outlook . As I expected, the AUS/USD has broken 0.733 level & continues to hit 0.7293 level which is 50% Fib.R, ,If the price breaks level 0.7305 to 50% Fib , I would probably expect it to continue its journey below 50% Fib.R towards 0.72 Zone. On the upside, If the price bounces back from 0.7293, We only could expect a GREEN-LIGHT if the price hit...