Market Analysis

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0905 is expected, followed by a decline to 1.0775. The decline could be additionally supported […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be 1.3500. Next, the price could get the chance for a rebound from this level and further development of a downtrend. However, the […]

The Japanese yen, paired with the US dollar, has temporarily stopped to decline. The current USDJPY exchange rate stands at 148.04. The market is filled with uncertainty ahead of Tuesday’s Bank of Japan meeting. On the one hand, it is evident that the interest rate will remain negative – the assessment of inflation is still […]

The primary currency pair is strengthening on Monday. The current quote in EURUSD is 1.0904. The Federal Reserve currently resembles parents on a long journey with small children, constantly answering “Are we there yet?” This question pertains to the interest rate. Everyone expects the rate to change, but when exactly will it happen? Is it […]

TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34625 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35523 which is a pullback resistance level. Alternative scenario:If price […]

TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price is rising towards the pivot point of 37,506.96 which is a potential breakout level and could potentially move higher from here; we could see momentum carry price up to its 1st resistance at 37,865.21 which is a pullback resistance level. Alternative scenario:If price reverses from the pivot point, it […]

The US Dollar is undergoing a phase of consolidation on Friday, characterized by lower highs and higher lows, following a surge in volatility earlier this week. Traders find themselves in a state of uncertainty as they approach the impending first US Federal Reserve meeting scheduled for the end of January. While it has become evident […]

Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session click here, please like & share! Source: Tickmill

Post-SEC Sell-Off Continues The reversal lower in Bitcoin continues on Friday with the futures market now down almost 18% from YTD Highs. While many have simply written off the post-SEC reversal as mere profit taking and a ‘buy the rumour, sell the news’ mentality taking hold, there are some other dynamics at play here. Bitcoin […]

TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price has just reacted off the pivot point of 2,024.77 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 2,000.55 which is a pullback support level. Alternative […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Doji reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be the 2005.00 level. After a test of the support, the price could rebound from this level and continue developing the uptrend. However, the quotes could […]

Brent Brent quotes are on the 200-day Moving Average on H4, indicating a lack of any trend. The RSI is testing the resistance line. In this situation, a downward breakout of 2/8 (78.12) is expected, followed by a price decline to the support at 0/8 (75.00). The scenario could be cancelled by rising above 3/8 […]