Market Analysis

Type:Bullish Continuation Key Levels:Resistance:4173.25Pivot: 3913.25Support: 3751.75 Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, expect price to possibly move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.Alternative scenario: Price […]

Oil has pulled from the supporting zone formed between the levels 82.50 and 83.70 several times in a row, leaving very long spikes behind. Currently, oil prices are repeatedly approaching the supporting zone. Hence, oil might potentially pull from the level of 82.50 and jump to the level of 100. So, let’s observe what is […]

EURUSD, “Euro vs US Dollar” The currency pair corrected to 1.0430 and started the development of a new wave of growth. Today the market has reached 1.0555. At the moment, the market has formed a consolidation range around this level. With an escape upwards, a pathway to 1.0677 should open. With an escape downwards, a […]

EURUSD, “Euro vs US Dollar” The pair is testing the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0445 is expected, followed by growth to 1.0935. An additional signal confirming the growth will be a […]

Type: Bullish Rise Key Levels:Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% […]

Daily Market Outlook, December 5, 2022  Hang Seng & The Chinese Yuan Buoyant On Covid Restrictions Easing Further indications of curbing of Covid restriction policies in China supported Asian equity markets overnight, with the Hang Seng surging 9%, the Chinese Yuan was also a stand-out performer pressuring the Dollar to print two-and-a-half-month highs. CFTC data […]

At the beginning of this new winter week, the BTC looks not bad, looking for further opportunities for growth. On Monday, it is mostly moving at 17,342 USD. Over a week, the leading crypto grew by 6.8%. This is not bad, especially with the whole market being rather inactive and quite worried about the prospects. […]

The market major began the week by growth. The current quote is 1.0540. The US dollar got trapped by market inferences and previous comments of the Fed’s head Jerome Powell. First, Powell allowed for a more loyal attitude to the interest rate at the December meeting, and then investors came to their own conclusions based […]

US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year. Consensus estimate was 200K, October reading was revised up to 284K. Unemployment level remained unchanged at 3.7% which was in line with the forecast.  In the […]

Daily Market Outlook, December 2, 2022  ‘Markets Marking Time Ahead Of Non-Farm Payrolls Release Wall Street took a breather following the post-Powell-inspired rally, consolidating above the 4000 level, some softer manufacturing data was digested along with several Fed members who reiterated the call for a focus on fighting inflation with restrictive monetary policy. Asian markets […]

CADJPY Sell Off Continues CADJPY has been one of the best short plays of recent weeks, driven by weaker oil prices and a higher JPY. With global recessionary fears mounting as we push into the winter in the West, uncertainty around developing events in China, and a shift in USD outlook, JPY has emerged as […]

NFP Up Next All eyes are on the latest set of US labour reports today. With the US Dollar heavily sold in the run up to the release, expectations are primed for further USD sales into the weekend. Indeed, on the back of dovish comments from Fed’s Powell earlier this week and with core PCE […]