Market Analysis

Copper Stalling on Weak China Data On the back of the strong rally we’ve seen recently, copper prices are stalling on Thursday as traders digest the latest data weakness out of China. The October Manufacturing PMI was seen falling further into contractionary territory at 49.4 down from 49.5 last and below the 49.8 the market […]

EURUSD, “Euro vs US Dollar” EURUSD is forming a corrective structure to 1.0943. After the correction is over, a new growth structure to 1.1030 might develop. Next, a decline wave to 1.0850 could start. This is the first target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a decline link to 1.2664 and […]

The Japanese yen is solidifying its gains against the US dollar. The current USDJPY exchange rate stands at 147.13. A group of Asian currencies is consolidating against the US dollar today. However, they might strengthen during the day as US Treasury bond yields decline. Hawkish comments from some Federal Reserve policymakers fuelled the weakness of […]

Title: S&P500 H4 Breaking through 1st Resistance? TypeBullish Bounce Preference:The current price is between the pivot line, at 4535.74, which is overlap support, and the 1st resistance at 4568.86, a pullback resistance. Price could bounce off the pivot and reach the 1st resistance. Alternative scenario:The current price will break through the pivot and fall to […]

Daily Trade Setups #EURUSD #GBPUSD #AUDUSD To access today’s real-time actionable analysis use the links below, like & share! EURUSD https://youtu.be/a53qxM9OGUw?si=xd2f39E7Ov9GLZay GBPUSD https://youtu.be/_l2L6SZIxAQ?si=IJz6CV9-uMXcdI1K AUDUSD https://youtu.be/AH0-zYCKWyI?si=Cf5sT4bm9Jou4IDs Source: Tickmill

XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man pattern. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be 2030.00. Upon testing the support, the price might rebound from this level and continue developing the uptrend. However, the quotes could rise to 2070.00 without […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting within a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2835. An additional signal confirming the rise will be a rebound […]

TitleGBP/USD Day I Potential bullish bounce? TypeBullish Bounce Preference: Wait for price to pullback at our pivot point of 1.2634, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.2814, a swing-high resistance. Alternative scenario:However, if the price breaks below the […]

US GDP in Focus The first look at Q3 US GDP rolls in today and markets are looking for a 5% reading, up from 4.9% in the prior quarter. On the back of the volatility we’ve seen in USD this week, and the constant debate around the Fed outlook, the data is drawing plenty of […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a corrective wave. The pullback target could be the support level at 1.0950. However, the quotes might rise to 1.1050 and continue their upward movement without […]

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI have reached the oversold areas on H4. In this situation, the quotes are expected to rebound from the 0/8 (146.87) level and rise to the resistance at 2/8 (148.43). The scenario can be cancelled if they break the 0/8 (146.87) level downwards. In this […]

TitleEUR/USD H4 I Falling to support level? TypeBearish Drop Preference: The price is falling from our pivot point of 1.099,  A reverse from this point could lead the price to fall to the 1st support at 1.0959, a pullback support level Alternative scenario: However, if the price breaks above the pivot, it might rise to […]