Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleUSDCAD H4 | Bearish reaction off pivot? TypeBearish Reversal Preference:Price is approaching a 127.2% fibo extension now, and could react off our pivot point at 1.3664, which is a pullback resistance level. If price reacts bearishly, then we can expect price to fall to the 1st support at 1.3630, which is a swing low support […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold above the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0870 is expected, followed by a rise to 1.1055. An additional signal confirming the rise will […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 1.3600. Next, the price might break the support level and continue its downward movement. However, the quotes could pull back to […]
TitleEURUSD H4 | Bearish reversal off 78.6% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 1.0957, which is a swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, then we can expect price to fall to the 1st support at 1.0882, which is an overlap support […]
TitleGBP/USD H4 I Bearish continuation expected? TypeBearish Drop Preference: The price is falling toward our pivot point of 1.2511, which serves as a pullback resistance level. A reverse from this point could lead the price to fall to the 1st support at 1.2454, a swing low support. Alternative scenario: However, if the price breaks above […]
There are no movements from the primary currency pair on Thursday. The current EURUSD exchange rate stands at 1.0906. The stream of US statistics released yesterday did not impress the currency market. Durable goods orders in the US declined by 5.4% m/m after a 4.0% increase in September. In basic terms, the indicator has remained […]
Gold rebounded from the resistance at the psychological level of 2000. The asset’s price should potentially drop to the level of 1900, next to the broken downtrend. So, let’s observe if it is going to happen. The price of the British pound broke the downtrend and jumped. The asset’s price has closely approached the resistance […]
TitleAUDUSD H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference:Price could rise to our pivot point at 0.6610, which is a swing high resistance level, aligning with the 61.8% fibo projection. Once prices takes out liquidity at this level, we can expect price to fall to the 1st support at 0.6570, which is a […]
The primary currency pair on Wednesday looks neutral. The current EURUSD exchange rate stands at 1.0910. The US existing home sales data for October fell below expectations, dropping from 3.95 million to 3.79 million homes. In the minutes published yesterday from the last meeting of the US Federal Reserve, concerns were expressed about the potential […]
The BTC exchange rate fell to 36,392 USD on Wednesday. The movement towards 38,000 USD is temporarily halted due to a seasonal bearish cycle and an overall decline in stock market activity. As mentioned earlier, it is necessary to maintain stability within this corrective channel to resume buying later. The cryptocurrency market capitalisation has dropped […]
TitleEURJPY H4 | Bearish reaction off 38.2% fibo? TypeBearish Reversal Preference:Price is rising towards our pivot point at 162.36, which is an overlap resistance, aligning with the 38.2% fibo retracement. If price reacts bearishly, then we can expect price to fall to the 1st support at 161.26, which is a swing low support level. Alternative […]
Aussie Breakout Holds For Now AUDUSD continues to hold above the .6520 level for now following the breakout earlier this week. It looks as though the pair has overcome the hurdle of the FOMC minutes and is now set to continue higher. Yesterday, the minutes revealed that Fed members remain concerned around upside inflation risks […]