Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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BRENT On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has exited the overbought area. A test of 2/8 (81.25) should be expected, followed by a breakaway and falling to the support level of 1/8 (78.12). The scenario can be cancelled by an upwards breakaway of […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Harami reversal pattern. Currently, the pair is going by the pattern in an ascending wave. The goal of the growth might be 1815.00. Upon testing the resistance level, the pair will get the chance to break through it and continue the uptrend. […]
EURUSD, “Euro vs US Dollar” The currency pair has extended the consolidation range to 1.0572. Today the pair may grow to 1.0616. After this level is reached, one more structure of decline to 1.0530 might develop. Then a correction to 1.0595 (a test from below) and a decline to 1.0460 might follow. The goal is […]
USDCAD, “US Dollar vs Canadian Dollar” The currency pair is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.3625 is expected, followed by growth to 1.3845. An additional signal confirming the growth will be a bounce […]
On Thursday, the British pound against the US dollar is trying to grow. The current quote is 1.2117. The British statistics yesterday was cheerful. The CBI retail sales balance in December grew to 11 points from -19 points, while it had been expected to drop to -24 points. This is good news for the economy, […]
JPY Well Bid Following BOJ The Japanese Yen is surging higher across the board today on the back of a surprising tweaking of the BOJ’s yield curve target rate. At the December meeting overnight, the BOJ widened the band by 0.25%. JGB yields will now be allowed to trade as higher as 0.5% with many […]
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EURUSD, “Euro vs US Dollar” The currency pair is growing inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0595 is expected, followed by growth to 1.0870. An additional signal confirming the decline will be a bounce off […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. Currently, the pair is going by the reversal signal in an ascending wave. The goal of the growth might be 1.0725. However, the price may pull back to 1.0600, bounce off it, and continue the […]
Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line […]
As we all know, Christmas and the holiday season make the market especially volatile. So, get ready for different unexpected and illogical market moves. Bitcoin keeps moving in a very narrow range, trying to define the next move. The asset might potentially pull from the resistance at the level of 18350 next to the broken […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range above 1.0595. Today the range may extend to 1.0662. This will be a correction for the whole wave of decline. After this correction is over, a decline to 1.0595 should be expected. And after a breakaway of this level, a pathway down […]