Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The BTC quotes on Monday are hovering near 30,313 USD. The market failed to continue skyrocketing though it still had all reasons to do so. Last week, the resounding victory of Ripple over the SEC in court provided the cryptocurrency sector with a mighty momentum. More than that, the crash of the USD also facilitated […]
The Australian dollar is correcting against the US dollar after rising in July. The current AUDUSD quote is 0.6808. The Australian dollar earlier hit a new high on 16 June this year, following which the market moved towards a correction. Today’s statistics from China turned out to be mixed. The only report that exceeded the […]
The FTSE Finish Line – July 17 – 2023 FTSE Modestly Lower To Start The Week FTSE 100 index experienced a slip to start the week, primarily led by declines in mining stocks. The lower metal prices were a result of weak growth in China, the world’s second-largest economy. The FTSE 100, which has a […]
TitleUSDJPY H4 | React off resistance level? TypeBearish Reversal Preference:Price is approaching our pivot point of 138.879 which is an overlap support level that aligns with 23.6% Fibo retracement. A reverse from here, price could fall to 1st support level at 137.61 which is a swing low support level. Alternative scenario:However, if price breaks above […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of growth to 1.1244. Today the market is forming a consolidation range under this level. The range could later expand to 1.1278. Next, a decline to 1.1128 might follow, from where the wave of decline could continue to 1.1010. GBPUSD, “Great Britain Pound […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have reached the overbought area on H4. The RSI has broken the support line. In this situation, a rebound from 8/8 (1.1230) is expected, followed by a drop to the support at 6/8 (1.1108). The scenario can be cancelled by rising above the resistance at +1/8 (1.1291). In […]
Last week Bitcoin bulls tried to break through and remain above the resistance level of 31000 but bears quickly seized the initiative and brought the asset back under this level. This resulted in a false breakout and the formation of a bearish engulfing. It means that the asset’s price is likely to drop and might […]
Last week, there was a significant adjustment in financial markets to the new reality, where sticky high inflation in the US may not be an issue anymore. This was primarily driven by the US inflation report, which revealed that core inflation, the most accurate indicator of consumer demand, slowed by 0.5% to 4.8% in June: […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting, forming a bullish Flag pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.3040 is expected, followed by a rise to 1.3305. An additional signal confirming the rise will be a rebound from the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument might go by the reversal signal in a descending wave. The decline target could be 1.3185. Next, the price has a chance to break the support and continue the downtrend. However, the quotes could pull back […]
US CPI Drop Boots EUR EURUSD remains firm at the start of the week following a breakout move higher last week. The catalyst behind the move was a deeper drop in US inflation than had been expected. With US CPI falling to 3% from 4.1% prior, the market has undergone a significant repricing of US […]
TitleUSDCAD H4 | Potential Bearish Reversal? TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.32421 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.30985. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.33053. To discuss […]