Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleUS30USD H4 | Bullish reversal off pivot? TypeBullish Bounce Preference:Price is hovering above our pivot point at 33650.19, which is a multi-swing low support level. Price could rise towards the 1st resistance level at 33878.76, which is a pullback resistance level and at the 23.6% fibo retracement. Alternative scenario:If price breaks below the pivot point, […]
Crude Rally Causing Concern The rally in oil prices has been one of the standout market developments over Q3. Following a muted H1, crude prices were driven firmly higher over summer in response to a series of cuts from OPEC+, including additional voluntary cuts from Russia and Saudi Arabia. Further cuts from the two producers, […]
BTC Held Down by USD Bitcoin bulls still can’t catch a break as we move into the end of Q3. Following a rally over the last fortnight, BTC prices have once again turned lower, capped by local resistance. Following a solid start to the year, bullish momentum faded into April and despite a fresh push […]
The primary currency pair faced significant bearish pressure on Tuesday. The current EURUSD exchange rate stands at 1.0586. The yield on 10-year Treasury bonds increased by over 45 basis points the previous day, surpassing 4.5% for the first time since 2007. This surge provided substantial support to the US dollar. This shift can be attributed […]
TitleUSDCHF H4 | Falling to support level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 0.91297, a swing-high resistance level. A reversal from this point could lead the price to drop to the 1st support at 0.90739, a pullback support level. Alternative scenario: However, if the price breaks above the pivot, […]
TitleEURUSD H4 | Bouncing off support? TypeBullish Bounce Preference: The price has just bounced off the pivot point at 1.05841, which aligns with 78.6% Fibo projection and 161.8% Fibo extension level. A bounce from this level could lead the price to rally toward the 1st resistance at 1.06186, which is a pullback resistance. Alternative scenario:However, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold below the support level. The instrument is going below the Ichimoku Cloud, which implies a downtrend. A test of the Tenkan-Sen line at 1.2225 is expected, followed by a decline to 1.2005. An additional signal confirming the decline could be a rebound from […]
The Japanese yen in pair with the US dollar continues to depreciate. The current USDJPY exchange rate stands at 148.84. Consequently, the yen is gradually but steadily approaching the 150.00 mark. This trend can be attributed to the steadfast commitment of the Japanese monetary authorities to maintain ultra-loose fiscal policies. Market participants view the 150.00 […]
Oil Rally Driving CAD Higher The Canadian Dollar has quickly become one of the best performers across the G10FX space in recent weeks. The rebound in oil prices has been a major driver of the shift higher in CAD. With oil prices rallying almost 50% of the year’s lows, trading from YTD lows in […]
TitleAUDUSD H4 | Falling to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.63998 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.64569 which is a swing-high resistance that aligns with a confluence of Fibonacci […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0575. Today a consolidation range could develop above this level. A link of growth to 1.0616 (a test from below) is not excluded, followed by a decline to 1.0556 with the trend potentially continuing to 1.0550. This is the first target. GBPUSD, […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI has broken the support line. In this situation, the price is expected to break the 2/8 (0.6408) level downwards and fall to the support at 0/8 (0.6347). The scenario can be cancelled by […]