Market Analysis

EURUSD, “Euro vs US Dollar” The currency pair continues forming a consolidation range around 1.0333. At the moment, the market has extended the range to 1.0496. Today the market has completed an impulse back to 1.0333 and is now forming a correction to 1.0411. With an escape from the range downwards a pathway down to […]

EURUSD, “Euro vs US Dollar” EURUSD has secured under the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0345 is expected, followed by growth to 1.0745. An additional signal confirming the growth will be a bounce […]

Type: Bullish Rise Key Levels:Resistance:2506Pivot:2422Support:2280 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing back above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line […]

Metals Under Pressure on Monday The metals market is seeing a rather lacklustre open to the week with both gold and silver under selling pressure across early European trading on Monday. A fresh uptick in the US Dollar is having a subduing impact on price action currently with the greenback drawing safe haven demand from […]

Crypto is gloomy but there are exceptions. Cryptocurrencies start the week in grave moods: the whole digital asset market is under sales. The BTC is crawling to 16,198 USD. Anyway, the general situation hardly changes, remaining negative. The main trouble of the crypto market is the trust issues. They became obvious after the crash of […]

Type: Bullish Continuation Key Levels:Resistance: 1.05090Pivot:1.01315Support:1.03600 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.05090 where […]

Silver got back to the broken resistance area formed between levels 20.90 and 21.30 and then pulled back. Now, the price of silver has reversed towards the north, leaving behind the broken range. The asset is targeting the resistance at the level of 24.75. So, let’s see what is going to happen next. After a […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair is going by the signal in a correctional wave. The goal of the growth will be 1.3525, and later the price may bounce off the resistance level and extend the downtrend. However, […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which signifies an uptrend. The RSI is testing the support line. Currently, we should expect the quotes to rise over 5/8 (1.0376) and grow to the resistance level of 6/8 (1.0498). The scenario can be cancelled by a downward breakaway […]

EURUSD, “Euro vs US Dollar” The pair has formed an impulse of decline to 1.0354 and a correction to 1.0413. Today the market is forming the second declining impulse. At the moment, a structure of decline to 1.0345 was completed. A consolidation range is expected to form around this level. With an escape downwards, the […]

GBPUSD, “Great Britain Pound vs US Dollar” The quotes are pushing off the support level, going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud is expected at 1.1935, followed by growth to 1.2475. An additional signal confirming the growth will be a bounce off the lower […]

At the beginning of a new week, EURUSD is stepping back. The current quote is 1.0350. At the global capital markets, pessimistic moods are ruling. Investors are fleeing from risks, which immediately affect respective assets. The market is focused on the aggression of the US Fed that may additionally find a foothold in statistics. This […]