Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleAUDJPY H4 | Falling to Fibo confluence support TypeBullish Bounce Preference: Price is falling towards the pivot point of 93.744 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 78.6% projection levels. Price could potentially reverse from here and we could see momentum carry price […]
EURUSD, “Euro vs US Dollar” EURUSD has performed a wave of decline to 1.0765. Today the market is forming a structure of correction to 1.0815 (with a test from below). Next, a decline to 1.0740 is expected, from where the trend might continue to 1.0711. This is a local target. GBPUSD, “Great Britain Pound vs […]
TitleDE30EUR H4 | Potential Bearish reaction off pivot? TypeBearish Reversal Preference:Price is currently in a short-term bullish momentum, and could reach our pivot point at 15993.45, which is at the 50% fibo retracement and 100% fibo projection, before becoming bearish. There is fibo confluence at the pivot point, hence price could react off that area. […]
Bitcoin remains at the level of 26000 for now. The asset might potentially test the supporting area formed around the level of 25000, rebound, and target the psychological support at the level of 30000. So, let’s observe what might happen next. Gold is trying to recover after the drop, targeting the level of 1980 located […]
The major currency pair is in a consolidation phase on Monday. The current EURUSD exchange rate stands at 1.0810. Last Friday, Jerome Powell, the Federal Reserve chair, delivered a speech at the Jackson Hole Economic Symposium in the US. The Fed’s stance came as no surprise. The regulator intends to continue raising interest rates if necessary. […]
TitleUS30USD H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference:Price has reacted to the 78.6% fibo retracement, and the ascending trendline as well. Our pivot point is at 34258.43, which is slightly above the 78.6% fibo retracement, and it is an overlap support level. We can expect price to rise towards the 1st resistance […]
TitleNZDJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference: Price is falling towards the pivot point of 86.185 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 86.746 which is a pullback resistance. […]
Bullard & Collins Support Further Hikes Ahead of the Jackson Hole Symposium today USDJPY is holding just below the YTD highs. USD is seeing fresh buying ahead of the event on the back of hawkish comments from Fed’s Bullard yesterday. The Philly Fed chief downplayed US recession risks and instead said that further tightening might […]
Metals Moving Up The metals market is rallying back this week. After coming under heavy selling pressure over the last month, gold futures are on course to print their fourth consecutive positive session today. The safe haven has seen better demand in recent days as US yields have fallen back ahead of the Fed’s Jackson […]
TitleCHFJPY H4 | Bullish bounce off pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 164.536 which is a pullback support that sits above the 61.8% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 165.49 which is an […]
Lagarde On Watch The Euro has fallen to its lowest level since early June ahead of the keenly awaited Jackson Hole Symposium taking place today. The event will feature hotly anticipated comments from both Fed’s Powell and ECB’s Lagarde, creating double the risk for EURUSD. On the back of yet further eurozone data weakness this […]
The British pound sterling paired with the US dollar hit its lowest point in seven weeks. The current GBPUSD exchange rate stands at 1.2560. The market is actively reassessing its positions regarding the future actions of the Bank of England. Notably weak PMI statistics revealed that the country’s economy will not withstand any further tightening […]