Market Analysis

EURUSD, “Euro vs US Dollar” EURUSD has completed a structure of a wave to 1.0770. Today the market is forming a consolidation range above this level. Escaping the range upwards, the price might form a link of growth to 1.0810. Exiting the range downwards, it might open the potential for a wave to 1.0740, from […]

Bitcoin has gained the required support at the level of 25000 and formed a hammer. The asset is likely to head north and face resistance at the level of 29000 soon. So, let’s observe what is going to happen. The price of Brent oil has reached the resistance level of 89.00. The asset might either […]

The major currency pair declined on Friday. The current EURUSD exchange rate stands at 1.0840. The US dollar is experiencing increased demand due to the cautious approach taken by major central banks regarding their September interest rate decisions. The US dollar’s strong rally and its significant fluctuations can be exhausting for investors. As market observers […]

GDP Undershoots The US Dollar rout continues this week ahead of the all-important NFP release tomorrow. DXY took another leg lower as the prelim Q2 US GDP reading yesterday came in below expectations at 2.1% vs 2.4% prior and expected. This marks the latest in a string of tier-one data points to undershoot expectations and […]

TitleUS30USD H4 | Bearish reversal off 161.8% fibo? TypeBearish Reversal Preference:Price is currently in a bullish momentum, and could potentially rise towards the pivot point at 35079.5, which is an overlap resistance and 161.8% fibo extension. If price reacts bearishly at the pivot point, we can then expect price to fall to the intermediate support […]

Brent Brent quotes are nearing the overbought area on H4, with the RSI already in the overbought area. In these circumstances, the price is expected to break the 8/8 (87.50) level, rebound from it, and drop to the support level at 6/8 (84.38). The scenario can be cancelled by a breakout of the resistance level […]

The BTC exchange rate retreated to 26,027 USD on Friday, erasing all its previous gains. Thus, localised optimism in the cryptocurrency in response to specific court decisions did not continue. A similar situation occurred with XRP this summer – the market showed enthusiasm, purchased it, and then paused, pondering what to do with it. The […]

EZ Growth Concerns In Focus EUR has come under fresh selling pressure today as the latest eurozone inflation readings turned market attention back towards growth concerns there. Annually, core CPI was seen cooling slightly to 5.3% from 5.5% prior, in line with expectations. However, headline CPI was seen remaining unchanged at 5.3%, above expectations of […]

Stocks Rallying on USD Weakness US Stocks are pushing higher today on the back of a further slide in the Dollar yesterday. The greenback came under fresh selling pressure on the back of a lower-than-forecast prelim Q2 GDP number. At 2.1%, the first look at Q2 GDP was below both the prior and expected 2.4% […]

EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing the third declining wave. The estimated target is 1.0738. At a certain point, it formed a wave of decline to 1.0675 and a correction to 1.0944 (with a test from below). Today the market continues developing a structure of decline to 1.0738. This is a […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a wave to the 1.0846 level. Today the market is forming a consolidation range around this level. With an upward breakout, a link of growth to 1.0880 could follow. A downward breakout will open the potential for a movement to 1.0808, with the trend potentially continuing to […]

Incoming data on the US economy this week has been quite promising for gold investors. Several indicators have pointed to emergence of a negative momentum in the world’s largest economy, and the key report of the week, the Non-Farm Payrolls, which could have justified the Federal Reserve’s vague and wavering stance, fell short of expectations. […]