Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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China Concerns Hurting Oil Outlook Crude oil is trading lower as we head through the back end of the week. Following a strong start on Monday, prices soon topped out and reversed lower as concerns over US and Chinese demand took hold, exacerbated by the EIA reporting a large inventories build. In China, data this […]
Daily Trade Setups #NVDA #TSLA #AAPL To access today’s real-time actionable analysis use the links below, like & share! Tesla https://www.youtube.com/watch?v=LbIdYgvkefU Apple https://www.youtube.com/watch?v=OFxQfiaxeNs Nvidia https://www.youtube.com/watch?v=6jzacZb9qCM Source: Tickmill
The dollar sharply declined after the inflation report, which indicated a significant slowdown in the growth of prices in two key components: the service sector and rental rates. The monthly growth rate fell from 0.6% to 0.3%, providing hope for a subsequent inflation deceleration (due to the inertia of these components): However, on Wednesday, the […]
The main currency pair is correcting its positions on Thursday. The EURUSD exchange rate currently stands at 1.0832. Industrial production in the eurozone in September dropped by 1.1% m/m, proving to be weaker than expected (-0.9%). The index had risen by 0.6% the previous month. Logically, the production sector is facing challenges due to high […]
The British pound sterling paired with the US dollar is experiencing a decline on Thursday. The current GBPUSD quote stands at 1.2391. The UK continues to report its success in mitigating price pressure. The consumer price index decreased to 4.6% y/y in October, down from the previous 6.7%. Last month, core inflation fell to 5.7% […]
TitleGBPUSD H4 | Rising towards resistance? TypeBullish Rise Preference:Price is currently at our pivot point of 1.2390, which serves as a pullback support that aligns with the 38.2% Fibo retracement. A reversal from this point could lead the price rise to the 1st resistance at 1.2479 Alternative scenario:However, if the price breaks below the pivot, […]
The price of the currency pair EUR/USD broke the resistance level of 1.0765. The price of this asset should potentially rebound to the broken level, pull back, rise, and target the resistance level of 1.1000 next. Brent oil has formed a bearish trap at the level of 81.65 and rebounded from the lower side of […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average on H4, indicating a possible development of a downtrend. However, the RSI is already in the oversold area. As a result, the quotes are expected to rise above 2/8 (0.8911), reaching the resistance level of 3/8 (0.8977). The scenario can be cancelled […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a declining momentum at 1.0860 and a correction to 1.0868. Today the market is making a movement within a decline wave to 1.0790. After the price reaches this level, a rising link to 1.0829 is not excluded (with a test from below). Next, a decline […]
Daily Market Outlook, November 16, 2023 Munnelly’s Market Commentary… Asia – .stocks experienced mixed performance, influenced by the choppy trading in the U.S. and a waning of recent data-driven momentum. The Nikkei 225, despite better-than-expected exports and machinery orders, saw a 0.1% decline as investors opted to book profits. in Hong Kong, the Hang Seng […]
TitleAUDJPY H4 | Falling to 38.2% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 97.473 which is a pullback 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 98.564 which is […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be the support level of 1.0800. However, the price might rise to 1.0910 and continue the uptrend without testing […]