Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleHeading into Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 39,023.47 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 38,460.30 which is a pullback support that aligns with the […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has corrected to 1.0845. Today the market is forming a consolidation range around 1.0836. With an escape from the range upwards, the correction might extend to 1.0853. With a downward escape, the potential for a decline to 1.0800 could open. And if this level also breaks, the […]
The primary currency pair is consolidating on Thursday. The current EURUSD exchange rate is standing at 1.0835. The market is conserving its strength as the most critical inflation component, which the US Federal Reserve pays attention to, is due to be released tonight. This is the Core PCE index. Given investors’ uncertainty about the timing […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.61197 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60559 which is a swing-low support level. Alternative scenario:If price breaks […]
TitleApproaching Overlap Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.87715 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.88329 which is a pullback resistance that aligns with […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 2020.00. After testing the support, the price might break below it and maintain its downward trajectory. However, the quotes could correct to 2040.00 before falling. […]
EURUSD, “Euro vs US Dollar” The EURUSD currency pair extends a decline wave to 1.0830. Practically, a consolidation range continues developing around this level. With an upward escape from the range, the correction might extend to 1.0870. A downward escape could open the potential for a decline wave to 1.0790, from where the trend might […]
Bitcoin Rally Approaching Key Level The rally in Bitcoin continues to gather pace today with the leading crypto coin now back up to levels not seen since November 2021. BTC futures have now risen more than 40% off the YTD lows as demand soars in the wake of the SEC approving spot-Bitcoin ETFs. The approvals […]
#US500 #USTECH #US30 Action Areas For The Week Ahead To access today’s actionable analysis for the SP500, Nasdaq & DowJones Click Here! Disclaimer: The material provided is for informational purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author and not […]
XAUUSD, “Gold vs US Dollar” Gold is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2027 is expected, followed by a rise to 2065. An additional signal confirming the rise might be a rebound from the […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes remain in the overbought area on H4. The RSI is approaching the resistance line. In this situation, a test of +1/8 (150.78) is expected, followed by a rebound from this level and a price decline to the support at 7/8 (149.21). The scenario could be cancelled by […]
Weaker USD Helping Stocks US stock markets remain well-bid into the middle of the week as USD stays muted on the back of a set of weaker-than-forecast data yesterday. Following on from the weak January retail sales data we saw the prior week, durable goods yesterday came in well below forecasts. The headline monthly figure […]