Market Analysis

IAG Up on The Year Shares in British Airways parent company International Consolidated Airlines Group are seeing a mild pullback on Tuesday. IAG stock has been one of the best performers so far in 2023, rising over 11% from the January open. With shares now sitting just off yesterday’s highs, the current price might be […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are in the overbought area. The RSI has bounced off 70. In such circumstances, we should expect a downward breakaway of +1/8 (0.6897) and subsequent falling to the support level of 7/8 (0.6774). The scenario can be cancelled by rising over the resistance level of […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the growth may be 1.3445; later the price may break through the resistance level and extend the correction. However, […]

EURUSD, “Euro vs US Dollar” The currency pair completed a wave of growth to 1.0759. Today the market is correcting this wave to 1.0710. After the correction is over, the pair may grow to 1.0767. Then it may correct to 1.0625 (a test from above) and grow to 1.0787. GBPUSD, “Great Britain Pound vs US […]

GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has left the borders of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2010 is expected, followed by growth to 1.2425. An additional signal confirming the growth will […]

Copper Breaks Highs With (Dr) Copper often seen as a barometer for global economic health (or at least projected global economic health), the rally in copper futures is certainly an encouraging start to the New Year. A combination of a weaker US Dollar and budding optimism around China reopening its borders is helping lift sentiment […]

Type: Bullish Continuation Key Levels:Resistance: 24.775Pivot: 706.50Support: 23.140 Preferred Case:Looking at the H4 chart, my overall bias for SI1! 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 head towards the resistance at 24.775, where the recent high […]

On Monday, the market major is vigorous. The current quote is 1.0680. Over the first week of the year, the pair lived through both abrupt growth of the USD and a similarly fast recovery of the EUR. The thin holiday market with low liquidity levels only facilitated large amplitude of fluctuations. Investors got focused on […]

Daily Market Outlook, January 9, 2023 MSCI Asia Pacific Index In Bull Market Territory Asian equity markets took their lead from Friday’s positive close to trade on Wall Street, with US equity markets posting their best gains for over a month, markets are once again pinning their hopes on a Fed pause or pivot, this […]

Natural Gas Breaks Lows The sell off in natural gas prices from the highs seen early last year has seen the market collapsing by almost 70%. Natural gas futures recently hit their lowest levels since late 2021 as a milder winter in Europe has allowed for far less demand than typically seen over this period. […]

XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. For now, the pair is going by the signal in an ascending wave. The goal of the growth might be 1900.00. After testing the resistance level, the pair might break through it and continue the uptrend. However, the quotes […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has broken through the resistance level. As a result, we should expect the quotes to break through 7/8 (1.0620) and reach the resistance level of 8/8 (1.0742). The scenario can be cancelled […]