Market Analysis

EURUSD, “Euro vs US Dollar” The currency pair broke a consolidation range upwards and completed a structure of growth to 1.1000. Today the market is forming an impulse of decline to 1.0980. After the price hits this level, a correction to 1.0992 could follow. Then a new wave of decline to 1.0960 could start. GBPUSD, […]

USDCHF, “US Dollar vs Swiss Franc” On H4, USDCHF quotes are in the oversold area. The RSI has broken the resistance line. A breakout of -1/8 (0.8972) and growth of the price to the resistance at 1/8 (0.9094) are to be expected. The scenario can be canceled by a downward breakout of the support at […]

TitleDE30 H4 | Bearish Divergence TypeBearish Reversal Preference:Price is approaching our pivot at 15766.97, which is a swing high resistance level. If there is a reversal from this level, the price could drop to our 1st support at 15536.3, which is a swing low support level. Alternative scenario:If the price were to break above a […]

Silver On the Move Silver prices are on the move again today following yesterday’s breakout. The metal has been a firm favourite over recent weeks, with silver futures now up around 28% from the YTD lows. The rally has seen price breaking out above the former YTD highs to print fresh highs on the year […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is pushing off the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 0.6705 is expected, followed by falling to 0.6555. An additional signal confirming the decline will be […]

EURUSD, “Euro vs US Dollar” On H4 near the resistance, EURUSD has formed a Harami reversal pattern. The instrument may now go by the reversal signal in a descending wave. The target for the correction might be 1.0935. However, the pair may grow to 1.1040 and continue the uptrend without testing the support. USDJPY, “US […]

TitleUSDCAD H4 | Bullish momentum TypeBullish Breakout Preference:Price has stalled around the 61.8% Fibonacci retracement and is approaching our pivot level of 1.3462, we could see momentum carry price up to its 1st resistance of 1.3554. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1.34038. To discuss this […]

TitleUSDJPY H4 | Potential reversal from 50% Fibo TypeBearish Reversal Preference:Price has just reversed from our pivot pint at 133.819 which is an overlap resistance along with a 50% Fibonacci retracement.  A reverse from here it could drop to 1st support at 132.046 which is a swing low support level Alternative scenario:However, if it breaks […]

EURUSD, “Euro vs US Dollar” The currency pair is consolidating around 1.0915. Today the range could extend to 1.0935. Then a decline to 1.0882 and growth back to 1.0915 could follow. If the price breaks the range downwards, a new wave of decline to 1.0794 could begin. GBPUSD, “Great Britain Pound vs US Dollar” The […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes have broken the 200-day Moving Average and are now above it, which indicates possible development of an uptrend. The RSI has rebounded from the support line. In these circumstances, the quotes are expected to break 6/8 (134.37) and rise to the resistance at 7/8 (135.93). […]

Daily Market Outlook, April 12, 2023 Markets Marking Time Ahead of CPI & FOMC Minutes Combo Asian equities produced another subdued session taking their lead from lacklustre trading on Wall Street as investors pare risk exposure ahead of today’s double whammy of US inflation data followed by the minutes from the FOMC meeting. The Nikkei […]

More Pessimism From IMF The latest update from the International Monetary Fund yesterday makes for fairly bleak reading. The group was seen cautioning over the downside risks to global growth this year as a result of a combination of factors. Global GDP is now forecast to rise just 2.8% this year, following the latest downward […]