Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The primary currency pair declined on Friday. The current EURUSD exchange rate stands at 1.1062. Sharp price fluctuations, like those currently observed, are possible in a thin and low-liquidity market. The situation will become more predictable as most investors resume transactions after the New Year. The weekly report on initial jobless claims in the US […]
TitleGBPUSD H4 | Bullish bounce TypeBullish Bounce Preference:GBPUSD has bounced off the pivot at 1.27194, a multi-swing low support, the price could continue rising to 1st resistance level at 1.2813, the swing-high resistance. Alternative scenario:The price could pullback and revert to the 1st support at 1.26903, the overlap support which aligns with the 61.8% Fibonacci […]
TitleXAUUSD H4 | Potential bearish breakout TypeBearish Breakout Preference:XAUUSD could break out of the pivot at 2064.042, the multi-swing low support, and could fall to the 1st support at 2037.288, the overlap support level. Alternative scenario: The price could potentially rise to the 1st resistance at 2090.795, the swing-high resistance level. To discuss this trading […]
EURUSD, “Euro vs US Dollar” EURUSD is testing 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 1.1040 is expected, followed by a rise to 1.1235. An additional signal confirming the rise will be a rebound from the lower […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the first decline impulse to 1.1073 and a correction to 1.1112. When the correction was over, the structure of a new decline wave to 1.1055 started. Practically, the low of the first decrease wave is broken. A consolidation range is expected to develop today around 1.1055. With […]
TitleGBPJPY H4 | Bouncing off 23.6% Fibonacci Level TypeBullish Bounce Preference:GBPJPY is bouncing off the pivot at 179.821, the pullback support that also aligns with the 23.6% Fibonacci retracement level. The price could continue rising to the 1st resistance at 182.195, the swing-high resistance. Alternative scenario:The price could pullback and reverse to the 1st support […]
TitleCADJPY H4 | Rising to resistance level TypeBullish Bounce Preference:CADJPY could continue the uptrend from the pivot at 106.501, the pullback support, and rise to the 1st resistance at 108.107, the multi-swing high resistance level. Alternative scenario:The price could pullback and reverse to the 1st support at 106.199, which aligns with the 61.8% Fibonacci retracement. […]
The primary currency pair continues to soar on Thursday. The current EURUSD exchange rate stands at 1.1114. Nothing significant has occurred: investors have simply become absorbed in forming expectations regarding the further actions of the US Federal Reserve. The market now factors a 90% probability of an interest rate reduction in March. The overall decline […]
TitleGBPUSD Day | Bullish bounce TypeBullish Bounce Preference:GBPUSD has bounced off the pivot at 1.27669, a pullback support, and is rising to the 1st resistance at 1.29933, the swing-high resistance. Alternative scenario:The price could pullback and reverse to the 1st support at 1.26335, the swing-low support. To discuss this trading idea, head over to Tickmill […]
TitleUSDJPY H4 | Bearish breakout TypeBearish Drop Preference:USDJPY is breaking out of the pivot at 141.132, the swing-low support, and is falling to the 1st support at 138.662, also a swing-low support. Alternative scenario:The price could bounce off the swing-low support at 141.168, and rise to the 1st resistance level at 142.848, the pullback resistance. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2765 is expected, followed by a rise to 1.2945. An additional signal confirming the rise will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be the support level of 1.1080. However, the price might rise to 1.1175 and continue the uptrend without testing […]