Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Technical & Trade View USDCHF Trade View Bias: Bullish Above Bearish below .9660 Technicals Primary resistance is .9660 watch for bearish reversal patterns here Primary pattern objective is .9300 Acceptance below .9440 next pattern confirmation Acceptance above .9700 opens a test of .9840 20 Day VWAP bearish , 5 Day VWAP bullish Options Expiries for […]
Technical & Trade View AUDCAD Trade View Bias: Bullish Above Bearish below .8830 Technicals Primary support is .8830, watch for bullish reversal patterns here Primary upside objective .9070 Next pattern confirmation, acceptance above .8980 Failure below .8830 opens a test of .8780 20 Day VWAP bullish, 5 Day VWAP bearish Institutional Insights Analysts at Credit […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of a declining wave to 1.0222. Today a link of correction to 1.0277 is not excluded (a test from below). Then falling to 1.0160 should follow. from where the wave might continue to 1.0111. The goal is local. GBPUSD, “Great Britain Pound vs […]
EURUSD, “Euro vs US Dollar” The pair is correcting inside a bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.0125 is expected, followed by growth to 1.0575. An additional signal confirming the growth will be a bounce off the […]
Technical & Trade View SP500 e-mini futures, continuous front month contract Trade View Bias: Bullish Above Bearish below 3857/46 Technicals Primary support is 3857/46, watch for bullish reversal patterns here Primary upside objective 4128 Next pattern confirmation, acceptance above 4000 Failure below 3846 opens 3750 20 Day VWAP bullish, 5 Day VWAP bearish Institutional Insights […]
Type: Bearish Momentum Key Levels:Resistance:675.00Pivot:661.50Support:654.75 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 661.50 where the 20% Fibonacci line is located. Alternative […]
Daily Market Outlook, November 21, 2022 Overnight Asian markets traded down overnight, reports of a sharp increase in Covid deaths and soaring cases across China, have led to increased probabilities of a return to strict Covid restrictions in the country. More broadly, markets remain concerned about the global background of tighter monetary policy continuing to […]
Earnings Rise, Revenues Miss Shares in Chinese tech giant Alibaba are trading a little lower ahead of the open today. The move comes after a strong upward move last week in response to the group’s Q3 earnings. Alibaba reported Q3 EPS of $1.81 vs $1.68 expected. However, revenues came in a little weaker than forecast […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which means the uptrend is prevailing. The RSI is nearing the support line. A test of 4/8 (1.0253) should be expected, followed by a bounce off it and growth to the resistance level of 6/8 (1.0498). The scenario can be […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the currency pair has formed a Shooting Star reversal pattern. Currently, the pair is going by the signal, continuing a correction wave. The goal of the decline might be 1.0210. However, the price may grow to 1.0440, break through it, and continue the uptrend […]
• EURUSD under bearish pressure • Likely to fall to support level 1.02 EURUSD under the strong bearish pressure after the pair reversed down from the pivotal resistance level 1.037 (former monthly low from May and June, and the monthly high from August) – standing near the upper weekly Bollinger Band. The downward reversal from […]
• AUDUSD reversed from resistance level 0.6725 • Likely to fall to support level 0.6500 AUDUSD recently reversed down from the key resistance level 0.6725 (former multi-month low from July), strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the downward impulse 1 from August. The downward reversal from the […]