Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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BTC’s price has dropped to 26,181 USD. Previously, investors observed another exchange attempt to initiate a buying spree. Unfortunately, it concluded much like the previous attempts: BTC made some gains but could not maintain them at the levels reached, ultimately retracing to its initial position. From a fundamental perspective, there have been no groundbreaking developments […]
TitleEURJPY H4 | Bearish reaction off 78.6% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 158.49, which is a multi-swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, price could fall to the 1st support level at 157.16, which is a swing low support level. Alternative scenario:If […]
The new week has kicked off with an unexpected twist for US long-term Treasury bond holders. Amidst a fresh sell-off on Monday, yields on 10-year Treasury bonds surged past 4.5%, setting a new high. Short-term bonds, however, didn’t experience the same level of pressure, with the yield on two-year bonds retreating slightly from its recent […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which implies a downtrend. A test of the lower boundary of the Cloud at 1.0680 is expected, followed by a decline to 1.0515. An additional signal confirming the decline could be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD continues to develop a consolidation range around 1.0646. Today the range could expand upwards to 1.0677. A link of decline to 1.0606 is expected next. After the price reaches this level, a wave of growth to 1.0760 could begin. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues to […]
Daily Market Outlook, September 25, 2023 Munnelly’s Market Commentary… Asian equity markets traded with a mixed tone, mostly leaning towards the negative side due to a lack of significant catalysts over the weekend and concerns about Chinese developers. The Nikkei 225 outperformed, driven by hopes of stimulus measures in Japan. The government is considering offering […]
USD Strength Weighs on Tesla Shares in Tesla are trading lower ahead of the open today with the stock now down more than 13% from September highs. Sentiment has weakened recently in line with the broad risk off moves we’ve seen across US stock markets. An uptick in Fed tightening expectations has weighed heavily on […]
TitleXAUUSD H4 I Reacting off resistance level? TypeBearish Reversal Preference:The price is rising toward the pivot point in 1928-1930, which aligns with the 50% Fibo retracement level. A reverse from this level could lead the price to fall the 1st support at 1915.428, which is an overlap support Alternative scenario:However, if the price breaks above […]
TitleEURUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.06754 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.05978 which is a support level that […]
Daily Market Outlook, September 22, 2023 Munnelly’s Market Commentary… Asian equity markets showed a mixed performance overnight. The Bank of Japan (BoJ) made no changes to its monetary policy in its latest update. BoJ Governor Ueda’s post-announcement comments did not signal an imminent rise in interest rates. Before the meeting, Japan’s finance minister had issued […]
TitleDE30EUR H4 | Rising into 23.6% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 15562.55 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 15448.71 which is […]
TitleNZDUSD H4 | Bearish reversal off 50% Fibo? TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.59399 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.58807 which is a […]