Market Analysis

• Natural gas reversed from support level 5.370 • Likely to rise to resistance level 6.500 Natural gas recently reversed up from the support level 5.370 (previous multi-month low from July), standing near the lower daily Bollinger Band. The upward reversal from the support level 5.370 created the daily candlesticks pattern Piercing Line, which started […]

EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. If the pair now goes by the signal, it will end up in a descending wave. The goal of the decline is 0.9795. However, the pair may still rise to 0.9925, bounce off it, and continue […]

On Tuesday, the British pound against the US dollar looks neutral. The current quote is 1.1300. The main political intrigue of Great Britain got solved faster than anyone could expect. The new head of the Conservative Party and simultaneously the new PM was elected Rishi Sunak. He is the first PM of Indian origin and […]

On Tuesday, the currency major remains neutral. The current quote is 0.9880. On the whole, capital markets have been stable for two days already. This, however, might be a still before a storm. The German business sentiment index in October dropped to 84.3 from 84.4 previously. Statistics turned out better than expected but globally gives […]

AUDUSD, “Australian Dollar vs US Dollar” The pair is going above the Ichimoku Cloud, indicating an uptrend. A test of the upper border of the Cloud at 0.6305 is expected, followed by growth to 0.6525. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The scenario […]

EURUSD, “Euro vs US Dollar” On H4, the quotes failed to rise over the 200-days Moving Average and for now remain under it. The RSI has bounced off the resistance level. A test of 0/8 (0.9765) is to be expected, followed by a breakaway and falling to the support level of -1/8 (0.9643). The scenario […]

• USDJPY reversed from support level 145.75 • Likely to rise to resistance level 151.85 USDJPY currency pair recently reversed up from the support level 145.75 (former monthly high from September). The support level 145.75 was strengthened by the support trendline of the daily up channel from August and by the 50% Fibonacci correction of […]

• NZDUSD reversed from resistance level 0.5785 • Likely to fall to support level 0.5600 NZDUSD recently reversed down from the resistance level 0.5785 (top of the previous wave (iv) from the start of October). The resistance level 0.5785 was further strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of […]

NZDUSD, “New Zealand Dollar vs US Dollar” The pair us pushing off the resistance level, going under the Ichimoku Cloud, which means it is in an uptrend. A test of the signal lines of the indicator at 0.5715 is expected, followed by growth to 0.5925. An additional signal confirming the growth will be a bounce […]

EURUSD, “Euro vs US Dollar” The pair performer a wave of decline to 0.970, then demonstrated an impulse of growth to 0.9823. Today a consolidation range is forming around this level. Another link of growth to 0.9942 is expected, followed by a decline to 0.9823. GBPUSD, “Great Britain Pound vs US Dollar” The pair performed […]

BTC stopped again, HT continues rally. The BTC was growing quite noticeably for 2 sessions in a row but on Monday it is going back moderately again. It is mostly fluctuating near 19,272 USD. Last Friday, the BTC dropped to 18,650 USD at times after the US stock market crashed. However, later the stock indices […]

On Monday, the EURUSD major looks quite stable. The current quote is 0.9840 In the US Fed, they are discussing an increase in the interest rate by 75 base points again, as reported in a WSJ publication. Some members of the monetary committee do not exclude the chance for a slow-down in the tightening of […]