Market Analysis

The FTSE Finish Line – July 04 – 2023 FTSE Flatlining With US Investors Offline For July 4th Holiday On Tuesday, the UK’s FTSE 100 index remained relatively unchanged, down 0.09%. The index, which is heavily influenced by commodity stocks, has seen limited gains so far this year due to concerns about a global economic […]

TitleAUDUSD H4 | Bearish Reversal off 38.2% Fibo TypeBearish Reversal Preference: Price is approaching the pivot point at 0.6717. Price may react to this high due to the 38.2% Fibo retracement level, and could continue its bearish momentum towards the 1st support level at 0.66406. Alternative scenario:If price breaks above the previous high, it could […]

The Japanese yen, paired with the US dollar, has paused its devaluation. The current USDJPY quote is 144.59. For four days in a row, there has been no change for the yen, with the devaluation scenario remaining dominant, while there are no reasons for a correction. The statistics released yesterday showed that the Tankan non-manufacturing […]

TitleXAUUSD H4 | Bearish reversal off 50% Fibo TypeBearish Reversal Preference:Price is approaching our pivot point at 1931.09 which is an overlap resistance that aligns with the 50% Fibo retracement. Price could then become bearish and head towards the 1st support level at 1912.25. Alternative scenario:If price breaks above the pivot point, price could potentially […]

What is OPEC? The Organization of the Petroleum Exporting Countries (OPEC) is a collective organization of 13 oil-producing nations that aims to coordinate and unify their petroleum policies. Established in 1960, OPEC’s member countries include Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela. What […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are under the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In these circumstances, a test of 4/8 (0.6591) is expected, followed by a breakout and a decline to the support at 3/8 (0.6530). The scenario […]

The Australian dollar witnessed a renewed decline against the US dollar on Tuesday. The current AUDUSD quote is at 0.6653. The Reserve Bank of Australia (RBA) kept the interest rate unchanged at 4.1% per annum, marking the second pause in the monetary policy structure this year. The board of directors was said to need more […]

Daily Technical Trade Setups For #NZDUSD #USDCAD & #GOOGL To access today’s actionable analysis, click here! Source: Tickmill

TitleUSDJPY H4 | Falling to overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 144.206 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 145.352. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 143.127. To discuss […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0915 is expected, followed by a decline to 1.0715. An additional signal confirming the decline will be a […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal pattern in an ascending wave. The correction target could be 1.3350. Next, the price might rebound from this level and continue the downtrend. However, the quotes could drop to 1.3175 without any […]

Daily Technical Trade Setups #SP500 #Nasdaq & #DowJones To access today’s actionable analysis, click here! Source: Tickmill