Market Analysis

EURUSD, “Euro vs US Dollar” EURUSD quotes on H4 and the RSI are in their respective overbought areas. In this situation, a test of +2/8 (1.0986) is expected, followed by a rebound from it and a price decline to the support level of 8/8 (1.0742). The scenario can be cancelled by rising above the resistance […]

EURUSD, “Euro vs US Dollar” EURUSD has broken the upper boundary of the consolidation range, offering the market an extension of the wave to 1.0928. Next, a link of decline to 1.0893 is not excluded, followed by a rise to 1.0960. After the price reaches this level, a decline wave to 1.0823 could start. GBPUSD, […]

Crude Rallying on USD Weakness Crude oil is starting the week in a healthier fashion with the crude futures extending the gains seen on Friday through early trading today.  The main driver behind the move is the continued weakness we’re seeing in the US Dollar. With the greenback under heavy selling pressure as traders move […]

TitleUS30USD H4 | Bearish reversal off pivot? TypeBearish Reversal Preference: Price could retrace back to our pivot point at 35060.9, which is a multi-swing high resistance level. Price could fall to the 1st support at 34306.3, which is a pullback support level, aligning with the 61.8% fibo retracement. Alternative scenario: If price breaks above the […]

On Monday, the BTC exchange rate saw an increase to 37,215 USD. The weekly appreciation appears symbolic, falling just short of 1%. The daily surplus amounts to 1.8%. From a technical standpoint, the market is firmly heading towards 38,000 USD. A consolidation above this level could pave the way for a further rise to 42,000 […]

The primary currency pair is hovering near a two-month peak this Monday. The current EURUSD exchange rate stands at 1.0922. Market expectations have turned against the US dollar. Following the release of a series of weak macroeconomic reports in the previous week, including the inflation report, investors have begun to contemplate the outlook for monetary […]

EUR On the Up The dominant theme across markets as we kick of the new week Is the ongoing correction lower in USD. With the greenback under heavy selling pressure, we’re seeing a cross-asset recovery underway. In the FX space, high yielders such as AUD and NZD has been the standout winner. However, currencies such […]

CCY Currencies Rallying Commodity currencies are seeing a strong start to the week across early trading on Monday. With the US Dollar still in decline following last week’s softer-than-forecast October CPI data, high-yielding currencies are benefiting nicely. Headline US inflation was seen cooling to 3.2% from 3.7% prior last month. This drop has been deemed […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2445 is expected, followed by a rise to 1.2605. An additional signal confirming the rise will be a rebound from the lower […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3780. Next, the price has a chance to break the resistance level and extend the uptrend. However, the quotes could pull back […]

TitleXAUUSD H4 | Bullish continuation expected? TypeBullish Bounce Preference: The price is falling toward our pivot point of 1971, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 2000, a swing high resistance. Alternative scenario: However, if the price breaks below […]

TitleUSDCAD H4 I Falling to support level? TypeBearish Drop Preference:Price has just reacted off our pivot point of 1.375, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.3663, a swing-low support level. Alternative scenario:However, if the price breaks above the […]