Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Equities Under Pressure From Resurgent USD It’s been a difficult start to the week for global equities benchmarks. Leading indices have come under pressure on the back of Friday’s US jobs data which has fuelled a shift in Fed expectations, leading to a stronger US Dollar. Friday’s data saw the headline NFP print coming in […]
Daily Technical Trade Set Ups for Cardano, Bitcoin & Litecoin To access today’s actionable analysis, click here! Source: Tickmill
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the instrument might go by the pattern in an ascending wave. The goal if the growth might be 1895.50. After a test of the resistance level, the pair might break through it and continue the uptrend. However, the […]
The Japanese yen against the US Dollar started declining. The current quote is 132.13. Morning reports demonstrated that household spending in Japan in December has dropped by 1.3% y/y, while a month before it had dropped by 1.2%. Meanwhile, the forecasts were quite optimistic, suggesting a decline by 0.3% y/y. These statistics are leading and […]
TitleUSDJPY Potential for bullish rise towards overlap resistance TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to retest the pivot which is the overlap support. Expecting price to then continue heading towards the […]
BTC Reversing From Recent Highs Bitcoin prices have come off a little from last week’s highs with the market turning lower by 7% across recent days. A slew of weaker-than-forecast tech earnings hurt sentiment last week. However, it was Friday’s post-NFP USD rally that really put BTC under pressure. With the NFP coming in well […]
Daily Technical Trade Set Ups for SP500, FTSE & Hang Seng To Access today’s actionable analysis click here! Source: Tickmill
Metals Reverse Sharply Following NFP Surprise In my end of week piece written on Friday morning I noted that while we’d seen plenty of volatility, there might still be further fireworks to come with the NFP still ahead. Looking today at the action in the metals market, it’s safe to say we certainly got those […]
EURUSD has used all the active signals and is waiting for new ones. The current quote is 1.0800. Many things have happened. The US Federal Reserve System carried out its long-awaited meeting, where they decided to lift the interest rate by 25 base points and gave quite controversial signals. Practically, they said that would be […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating prevalence of an uptrend. The RSI is nearing the oversold area. Currently, we expect a test of 4/8 (1.0742), a bounce off it, and growth to the resistance level of 5/8 (1.0742). The scenario can be cancelled by a […]
Bitcoin is undergoing correction after the recent rise. However, the asset’s price didn’t hit the level of 25000 just yet. Bitcoin might gain the required support at the level of 22500 and potentially jump further. So, let’s wait and see what is going to happen next. Silver has managed to break the lower boundary of […]
Market sentiment this week will depend on how three key themes develop. First, exceptionally strong US labor market data released last Friday poses the risk of a more hawkish Fed in 2023, which market participants will no doubt factor into asset prices. Secondly, deterioration of diplomatic relations between the United States and China against the […]