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” The currency pair has completed a wave of correction to 1.0725. Today the market is forming a structure of a new declining wave. At the moment, a consolidation range has formed around 1.0709. An escape from the range downwards to 1.0688 is expected. Next, a technical test on 1.0709 from […]
Emergency Meeting Called JPY traders are on high alert after news that Japanese authorities will conduct an emergency meeting today over recent Yen weakness. The Ministry of Finance, Bank of Japan and the Japanese Financial Services Agency are due to hold their first three-way meeting since Q1 today as USDJPY pushed above 140 for the […]
TitleBCOUSD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 74.599 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 77.746. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 72.061 To […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, EURUSD has formed a Harami reversal pattern. Currently, the currency pair is going by the reversal signal in a descending wave. The decline target might be 1.0640. However, the pair could correct to 1.0725 and continue the downtrend after the test of the resistance […]
The Japanese yen is trying to strengthen against the US dollar. The current USDJPY quote is 140.33. The yen has been attempting to strengthen in the last few hours. This morning, reports surfaced that high-ranking Japanese officials would convene for an emergency meeting. Representatives from the Central Bank will also be at the meeting, which […]
TitleUSDJPY H4 | Pulling back to overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 140.072 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 140.943. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 139.234. To discuss […]
TitleUSDCAD H4 | Bounce off 50% Fibo TypeBullish Bounce Preference: Price is dropping to our pivot point of 1.35619 which is a pullback support that aligns with a 50% Fibonacci retracement. A bounce from here, price could rally to 1st resistance at 1.36406 Alternative scenario:However, if price were to break below the pivot, it could […]
The United States economy continues to impress skeptics, as robust consumer spending and tight jobs market remain two key driving forces behind persistently high inflation. With this trend, it is increasingly likely that the Federal Reserve hawks will gain influence. If the ongoing debt ceiling issue is resolved favorably and the upcoming job numbers on […]
TitleBTCUSD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 27499.07 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28313.45. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 27077.23. To discuss […]
The Japanese yen continues to decline against the US dollar. The current USDJPY quote is 140.60. The JPY is on a new round of devaluation. This is because the Bank of Japan is maintaining an ultra-soft monetary policy. The contrast between the interest rates is particularly noticeable in comparison with the US Fed’s – market […]
TitleXAUUSD H4 | React off resistance TypeBearish Reversal Preference:Price is rallying to our pivot point of 1957.181 which is an overlap resistance level that aligns with a 38.2% Fibonacci retracement. A reverse from here, price could fall to 1st support at 1937.553 which is swing low support level. Alternative scenario:However, if price were to break […]
Gold has approached the uptrend. However, the asset is likely to break the trend and head down due to the formed double top. Should the asset break the uptrend, it might rebound back to the broken trendline, that is, the level of 1980, and drop. So, let’s observe what will happen. American stock index S&P500 […]