The Pattern Pulse - 25 April 2024
- Popular Posts, Recent Posts, Technical Analysis, Trading Knowledge, Trending Now
- April 25, 2024
Blog
Technical Analysis
- Home
- Technical Analysis
The Pattern Pulse
- January 12, 2023
Your weekly review of technical patterns and structure. The research team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Anyone for a Death Cross? Daily Timeframe – The US Dollar Index recently chalked up what’s referred to as a Death Cross in technical circles. The 50-day simple moving average (105.69
READ MORE
Technical Market Outlook Ahead of US CPI Data
- January 11, 2023
In his first public appearance of 2023, US Federal Reserve Chair Jerome Powell participated in a panel discussion (Central bank independence and the mandate – evolving views) on Tuesday and reiterated the Fed’s commitment to contain inflation. Powell added that ‘restoring price stability when inflation is high can require measures that are not popular in
READ MORE
XAU/USD Closing in on AB=CD Resistance as the USD Tests Support
- January 9, 2023
Charts: TradingView US Dollar Index at Support The research team covered the US Dollar Index in detail in the recent Weekly Market Briefing. Key observations were a possible bullish response from either daily support at 103.42 or at daily Quasimodo support from 102.36 (joined by a 61.8% Fibonacci retracement ratio at 102.34 and a 50.0%
READ MORE
Weekly Market Outlook and Review—Week Ending 13 January
- January 7, 2023
Happy New Year! It was all largely about the US last week. Despite signs of easing inflation pressures in the US—June’s 9.1% reading appears to be the peak—Federal Reserve officials continued to call for interest rate increases to bring inflation back to the central bank’s 2% target. The FOMC meeting minutes released on Wednesday revealed
READ MOREAttention Shifts to US Employment as the Dollar Climbs North
- January 5, 2023
Yesterday witnessed US ADP non-farm employment change and initial jobless claims pencil in better-than-expected data. According to the ADP National Employment report, private US employment jumped by 235,000 jobs in December, building on November’s upwardly revised 182,000 print. In terms of the US initial jobless filings, for the week ending 31 December, initial unemployment claims
READ MORE
Black and White Technical Report Week Beginning 19/12/2022
- December 19, 2022
XJO WEEKLY Price structure: Primary trend remains This current retracement with the price moving below the 7200 level has set up the index for further declines. It is important to note the Index remains in a bullish phase recently taking out the 7137 high. This current retracement is retesting this breakout level. In the short
READ MORE
FOMC Preview: A Deceleration in Rate Hikes?
- December 13, 2022
Tuesday was an interesting one for the financial markets, welcoming US consumer price inflation data for November (Consumer Prices Index [CPI]). Headline annual inflation slowed for a fifth consecutive month to 7.1%, following October’s reading of 7.7%, according to the Bureau of Labour Statistics. The report observed that November’s release was the smallest annual increase
READ MORE
US Inflation (CPI) Briefing; Dollar Index Remains South of 200-Day SMA
- December 12, 2022
It was a reasonably quiet session for the US dollar on Monday, eking out a modest gain against major peers, according to the US Dollar Index. For those who missed the research team’s latest technical report, here is a reminder of the USD’s current position on the daily timeframe: If sellers can maintain position south
READ MOREBlack and White Technical Report Week Beginning 12/12/2022
- December 11, 2022
XJO WEEKLY Price structure: Primary trend The current retest of the 7200 level remains a positive for further gains with the weekly close remaining above this important level. A close below this level on a weekly basis will ensure further selling with the 6930 level coming back into play. However the primary movement remains UP with 7530 the
READ MORE
Weekly Market Outlook and Review—Week Ending 16 December
- December 10, 2022
The beginning of the week observed the Reserve Bank of Australia (RBA) increase the Cash Rate by 25 basis points to 3.10% from 2.85%—the highest level since late 2012. This, its last meeting of 2022, is also the central bank’s 8th consecutive rate hike this year. Key points from the RBA’s December statement were that
READ MORE
US PPI Inflation and Consumer Sentiment Eyed; EUR/USD Nears Resistance
- December 8, 2022
The main economic highlight in Thursday’s session was the (weekly) unemployment filings out of the US for the week ending 3 December. According to the US Department of Labour, unemployment claims rose 230,000, 4,000 higher than the previous upwardly revised 226,000 reading; the release was largely in line with economists’ forecasts. The 4-week average also
READ MORE
Daily Market Outlook and Review
- December 7, 2022
The Bank of Canada (BoC) increased the target for the Overnight Rate by 50 basis points to 4.25% from 3.75% on Wednesday, and noted the central bank will continue quantitative tightening. This comes after short-term interest rate markets priced in a 25 basis-point increase. This is also the central banks 7th consecutive rate hike and
READ MORE
Latest Posts
Start
Trading
in Minutes
Trading
in Minutes
Open an account now
Access +10,000 financial
instruments Auto open & close positions News & economic calendar Technical indicator & charts Many more tools included
By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.
