Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of a correctional wave to 1.0325. Today the quotes may escape the correctional channel and continue falling to 1.0224. Then the pair should grow to 1.0270 and fall to 1.0222, from where the wave may continue to 1.0222. The goal is local. GBPUSD, […]
Daily Market Outlook, November 22, 2022 Overnight Asian markets traded with a mixed tone taking the baton from similar action seen on Wall Street, with US indices whipsawing intraday before closing broadly unchanged. Overnight Chinese authorities issued orders for closure of museums and parks across Beijing and increased mass testing across more major cities. The […]
AUDNZD Breaking Lower The reversal lower in AUDNZD from YTD highs has seen the pair shedding around 6%. The recent RBA pivot has been the main driver behind the move. With the RBA cutting back the pace of its tightening program, sentiment has swung in favour of NZD for now, with the RBNZ widely expected […]
Technical & Trade View NZDCAD Trade VieW Bias: Bullish Above Bearish below .8190/60 Technicals Primary support is .8190/60 Primary upside objective .8400 Weekly Trendline Next pattern confirmation, acceptance above .8285 Failure below .8150 opens a test of .8100 20 Day VWAP bullish, 5 Day VWAP bullish Institutional Insights Analysts at Credit Agricole note ‘The RBNZ’s […]
Equities Rally Pauses Amidst Fed Hawkishness It’s been a rather muted start to the week for benchmark global equities indices. On the back of the wave of better risk appetite we saw following the US October CPI report, markets have lost their shine due to a combination of better-than-expected US retail sales, hawkish Fed commentary […]
On Tuesday, the market major hardly moves; the current quote is 1.0250. Yesterday the news background for currencies was still, because main expectations were concentrated on commodities. The macroeconomic calendar is also empty, and the quotes have accounted for any expectations of the actions of the US Fed. Today important statistics will also be scarce. […]
• Brent Crude oil reversed from support level 82.00 • Likely to rise to resistance level 91.00 Brent Crude oil recently reversed up from the strong support level 82.00 (which reversed the pair sharply in September), standing below the lower daily Bollinger Band. The upward reversal from the support level 82.00 started created the daily […]
• CHFJPY reversed from support level 144.50 • Likely to rise to resistance level 150.00 CHFJPY recently reversed up from the key support level 144.50 (which stopped the price in September), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from August. The upward reversal from the […]
Type: Bearish Drop Key Levels:Resistance: 2506Pivot:2422Support:2280 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the Pivot line at 2422, where the 50% Fibonacci line and 61.8% Fibonacci […]
Japanese CPI Jumps Again The BOJ’s commitment to maintaining an easing presence in the market is being tested further this week. The latest econ data shows that Japanese CPI hit forty-year highs last month at 2.7%, rising from the prior month’s 2% reading and well above the 2.2% reading the market was looking for. Annually, […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are going below the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI in nearing the oversold area. Currently, we should expect a test of 7/8 (0.6713), a breakaway of it, and growth to the resistance level of 8/8 (0.6835). The scenario […]
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. Currently, following the signal of the pattern, the pair is forming another wave of correction. The goal of the growth might be 1775.00. Upon testing the resistance level, the pair might break through it and continue the uptrend. However, […]