Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.66443 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.65834 which is an overlap support that sits above with […]
The Australian dollar, paired with the US dollar, is observing the situation and is hardly moving on Wednesday. The current exchange rate for AUDUSD stands at 0.6613. Stronger-than-expected US price statistics exerted pressure on all currencies except the US dollar. These data worsened the prospect of the US Federal Reserve initiating a phase of monetary […]
The primary currency pair remains under pressure on Wednesday. The current exchange rate for EURUSD stands at 1.0925. Following the release of a stream of US price statistics, the market began favouring the dollar again. Investors were prompted to revise their expectations regarding this year’s interest rate prospects as inflation proved stronger than anticipated. The […]
TitleEURUSD H1 | Bearish reversal? TypeBearish Reversal Preference:Price rises toward the pivot point of 1.0931, an overlap resistance close to 78.6% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.0899, a pullback support level Alternative scenario: If the price breaks above the pivot, it could rise […]
TitleGBPUSD H1 | Falling to support level? TypeBearish Drop Preference: Price has just reacted off the pivot point of 1.2789, an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.2729, an overlap support level. Alternative scenario: If the price breaks above the pivot, it […]
EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave to 1.0900 and corrected to 1.0941. Practically, the market set the frames for a consolidation range. A decline link to 1.0878 is expected today. If this level breaks, the trend might extend to 1.0815, from which level a wave structure could reach 1.0778. […]
LSE News Sends Bitcoin Higher Bitcoin prices are softening a little over early European trading on Tuesday following another strong rally yesterday which saw BTC futures breaking out to fresh, record highs above the $73k mark. Yesterday’s rally came amidst news that the London Stock Exchange has opened the door to UK Bitcoin ETFs. On […]
TitleCADJPY H4 | Bearish reversal TypeBearish Reversal Preference:The price is rising toward the pivot point of 109.54, a pullback resistance that aligns with the 38.2% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 108.67, a multi-swing low support level Alternative scenario:If the price breaks above the […]
The EUR/USD pair made modest gains during the early European session, buoyed by unrevised German inflation data that fell in line with expectations, registering a 2.5% year-on-year increase. This minor uptick comes in anticipation of the upcoming US CPI inflation data, a pivotal event that could potentially sway market sentiments. The chart below indicates that […]
FTSE Breaking Out The FTSE is breaking higher today on the back of the latest UK economic data released this morning. The ONS reported that in the three months to January, UK wage growth slowed to 5.6% from 5.8% prior, this marks the lowest level of earnings increases since October 2022. Additionally, the unemployment rate […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI has rebounded from the support level. In this situation, the price is expected to surpass the 5/8 (0.6622) level, subsequently reaching the resistance at 8/8 (0.6713). The scenario could be cancelled by […]
The primary currency pair is poised for growth on Tuesday. The current EURUSD exchange rate stands at 1.0934. Investors are focused ahead of this week’s release of the most crucial statistics. The first of these – the US inflation reports for February – are scheduled for release today. The Consumer Price Index (CPI) may have […]