Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]
According to the Institute of International Finance (IIF), next year the world economy will grow by only 1.2%, that is, growth will be as weak as in 2009, and the eurozone economy will shrink by 2% due to the prolongation of the geopolitical conflict. Economists Robin Brooks and Jonathan Fortune made that forecast Thursday, adjusted […]
DXY rebounded from the short-term support area of 105.50 after the dip following the release of the FOMC Minutes. The bounce is more of a technical one as EURUSD formed a double top at the 1.0450 zone and GBPUSD pulled back, following the failed breakout of the 1.21 level: Investors brace for hawkish household consumption […]
Type: Bearish Continuation Key Levels:Resistance:2454Pivot:2597Support:2355 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the support at 2355, where the previous swing low is located. Alternative Scenario:Price may […]
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, price may move towards the 4173.25 resistance level , which contains the 78.6% Fibonacci Fibonacci line. Alternative Scenario:Price could retest the pivot […]
GBP Continues to Fight Back With the holiday shortened week in the US due to Thanksgiving, it’s been a quieter session for markets this week. However, we’ve seen some important developments and while we haven’t quite seen the largescale volatility of recent weeks, there have certainly been some noteworthy moves. Chatting with traders ahead of […]
Technical & Trade View GBPUSD Trade View 1.2050 target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.1950 Technicals Primary support is 1.1950 Primary upside objective 1.22 Next pattern confirmation, acceptance above 1.21 Failure below 1.19 opens a test of 1.1770 20 Day VWAP bullish, 5 Day VWAP bullish Today’s New York Cut Option […]
BRENT On H4, Brent quotes are under the 200-day Moving Average which indicates prevalence of a downtrend. The RSI is testing the descending trend line. Currently, the price should test 3/8 (84.38), break through it, and fall to the support level of 2/8 (81.25). The scenario can be cancelled by the price rising over 4/8 […]
The Japanese yen against the US dollar remains stable, the current quote is 138.51. As long as basically the yen is aiming at devaluation, the current state of things can be called a fantastic luck. This foothold was given to the yen by the weakness of the dollar that dropped after last week the minutes […]
Amazon Under Pressure Shares in US tech giant Amazon have been back under pressure recently following a failed attempt at reclaiming the broken 103.36 level. The broader downturn in tech stocks has weighed heavily on the stock which reported lower revenues than expected over Q3. Looking ahead, the usually high demand holiday season over Q4 […]
Daily Market Outlook, November 25, 2022 ‘Sterling Soars To A Three-Month High ’ With US markets closed yesterday for the Thanksgiving holidays, Asian markets were somewhat lacklustre overnight, lacking a lead from Wall Street. China's covid concerns continue to cause alarm, however, it seems markets are choosing to focus on the potential for further monetary […]
EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around 1.0410. With an escape upwards, a pathway for growth to 1.0445 will open. With an escape downwards, a link of correction to 1.0330 is not excluded, followed by growth to 1.0500. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]