Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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EURUSD, “Euro vs US Dollar” EURUSD has completed the first corrective target at the 1.1046 level. Today a link of decline to the 1.0992 level might develop. After the price reaches this level, another structure of growth to 1.1035 could follow. An upward breakout of this level will open the potential for the structure development […]
Surprise Revenues Jump Shares in Exxon are trading higher ahead of the open today as the post-earnings rebound continues to play out. Shares tanked initially as the company reported a lower EPS than Wall Street was looking for. However, with revenues seen coming in above forecasts, sentiment swiftly changed and the stock was seen well […]
CPI on Watch Today is likely to be a pivotal session for EURUSD with the release of the July flash CPI estimate for the eurozone due shortly. On the back of the latest ECB meeting last week, ECB rate-hike bets have cooled somewhat. While the bank pressed ahead with further tightening as expected, the guidance […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are near the 200-day Moving Average on H4, which indicates the absence of any trend. The RSI has broken the resistance line. In these circumstances, the price is expected to break the 5/8 (1.1074) level and continue to grow to the resistance at 6/8 (1.1108). The scenario can […]
TitleBCOUSD H4 | Potential reversal off Fibo confluence? TypeBearish Reversal Preference:Price is rising towards the pivot point of 84.288 which is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% Projection levels and could potentially reverse from here; we could see momentum carry price down to […]
TitleEURUSD H4 } Potential bullish reversal? TypeBullish Bounce Preference: Price is currently at out pivot point of 1.09413 which is a pullback support level that aligns with 78.6% Fibo retracement. A bounce off from here, price could push up to 1st resistance at 1.10136 which is a pullback support level. Alternative scenario:However, if price breaks […]
Subtle Shifts From BOJ The Bank of Japan meeting earlier this morning was a very interesting affair altogether, and for those who rose early/or stayed up late, we were treated to plenty of volatility. While no policy adjustments were made, there were some noteworthy tweaks in operations which caused a storm. As expected, the BOJ […]
The BTC rate on Friday stood at approximately 29,229 USD. Each new attempt by BTC to rise becomes increasingly difficult. The overall fundamental background appears quite calm, lacking spark. The technical picture is more pessimistic. According to seasonal cycles, the current phase is bearish. Investors are unable to capitalise on the buying impulse in the […]
The major currency pair is under pressure on Friday. The current EURUSD quote is 1.0970. The European Central Bank has taken the initiative in raising interest rates from the Fed and raised the cost of borrowing by 25 basis points to 4.25% per annum. In its comments, the ECB stated that the portfolio of securities […]
TitleAUDUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.65991 which is a pullback support that aligns close to the 127.2% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.67142 which is an overlap resistance.. […]
Daily Market Outlook, July 28, 2023 Munnelly’s Market Commentary… Asian equity markets traded mixed as investors were cautious and focused on the Bank of Japan’s (BoJ) policy decision. The central bank kept monetary policy settings unchanged but announced a more flexible approach to yield curve control (YCC), with fixed rate operations for 10-year Japanese Government […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes have formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3130. Next, the price could break the support level and continue the downtrend. However, the quotes might correct to 1.3275 […]