Market Analysis

EURUSD, “Euro vs US Dollar” The currency pair has broken through 1.0040 upwards and continues developing a structure of growth to 1.0114. After this level is reached, a link of decline to 1.0040 is not excluded, followed by growth to 1.0160. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has winded up correction […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the broken border of the channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.1445 is expected, followed by growth to 1.1955. An additional signal confirming the growth will be a […]

Fresh Wave of Selling You’ve got to feel sorry for bitcoin bulls. After months of sideways action hopes of a rally were dashed as the leading digital coin broke down to fresh 2022 lows again this week. Now trading at its lowest levels since December 2020, BTC has dropped by roughly 65% this year and […]

Red Wave to Red Ripple? Counting for the US midterm elections has begun and as the initial results filter in we are seeing the Republican party closing in on winning the House, while the Senate looks far more evenly contested and Democrats are still in the lead currently. Looking at state elections, it is worth […]

On the crypto market, optimists are shedding blood, and not for the first day in a row. The BTC has dropped to 18,135 USD. The leading cryptocurrency lost 8% overnight and more than 11% over a week. Other crytocurrencies also dropped over the week: the XRP (-18%), ETH (-20%), DOGE (-38%), SOL (-42%). Meanwhile, demand […]

The market major today is aiming high. The current quote is 1.0080. The key characteristic of today is caution. No one dares to make any fast conclusions about the Congress election. No one is buying in agitation or is selling in panic. Everyone is waiting what is next; meanwhile, the currency major is growing step […]

Daily Market Outlook, November 8, 2022 “Asian markets retain a bid tone overnight, the outlier remains Chinese equities which have failed to take the positive lead from European and US markets overnight. Overnight data from Australia showed continued deterioration in both business and consumer sentiment readings. Markets are firmly focused on political developments in the […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average and are now above it, which hints on possible development of an uptrend. However, the RSI is nearing the overbought area. As a result, we should expect a test of 4/8 (0.6347), a breakaway of it, and a […]

EURUSD, “Euro vs US Dollar” The currency pair has left 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 0.9945 is expected, followed by growth to 1.0250. An additional signal confirming the growth will be a bounce off the […]

• Natural gas reversed from resistance area • Likely to fall to support level 0.6000 Natural gas recently reversed down from the resistance area set between the resistance level 7.285 (former monthly high from October), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from August. The downward reversal from the […]

• AUDUSD broke key resistance level 0.6500 • Likely to rise to resistance level 0.6700 AUDUSD currency pair recently broke the key resistance level 0.6500 (which has been reversing the price from the end of September), intersecting with the 38.2% Fibonacci correction of the downward impulse from August. The breakout of the resistance level 0.6500 […]

Technical & Trade View SP500 (emini futures contract) Bias: Bullish Above Bearish below 3770 Technicals Intraday 3800 is primary support Primary pattern objective is 4125 Acceptance above 3930 next pattern confirmation Failure below 3770 opens a test of 3730 20 Day VWAP bullish , 5 Day VWAP bullish Notes  Goldman Sachs institutional trading desk notes […]