Market Analysis

EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9575 and then resume moving downwards to reach 0.9285. Another signal in favour of a further downtrend will be a […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 0.9640. However, an alternative scenario implies that the price may […]

Yesterday, the BTC did try to grow and even reached $20,381, but couldn’t keep the momentum and dropped to $18,759. The key market driver for cryptos is the correlation with the American stock market, which has nothing to show right now – the stock market is overwhelmed by bears. Due to the rate hikes, conditions […]

The major currency pair continues plummeting. The current quote for the instrument is 0.9560. Yesterday, the “greenback” was once again in demand as a “safe haven” asset. At the same time, number released by the US were surprisingly confident. For example, the Durable Goods Orders report showed -0.2% m/m in August against the expected reading […]

BNY Mellon Closing The UK’s Credibility Gap It is abundantly clear that markets do not view the UK Chancellor’s budget plans as credible. While market participants will remain on guard for potential action from the Bank of England to stabilise the pound, its Monetary Policy Committee is realistically only in a situation to be reactive […]

Daily Market Outlook, September 27, 2022 Overnight Headlines Fed Officials Stare Down Markets, Repeat Inflation Top Focus Pound Under Siege With Mounting Odds It Will Drop Below $1 Yuan Plunge Nears 14-Year Low, Inviting Aggressive PBoC Pushback Biden Tells Oil Companies ‘Bring Down Prices You’re Charging’ PBoC Makes Biggest Cash Injection Into System Since February […]

EURJPY On Watch Price action in EURJPY is looking interesting to the long-side here. Following the reversal lower from the failure at 143.80, price has since traded back down to test the 137.74 level and the rising trend line from YTD lows. Yesterday’s reversal saw a bullish pin bar form at what might prove to […]

Equities Attempting Recovery Following Heavy Monday Losses Global equities benchmarks have seen a mixed start to the week with most indices finding their feet today after heavy selling across Monday’s trading. The ongoing rise in USD on the back of last week’s FOMC meeting has had a heavy downward impact on equities prices. With the […]

EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9550 along with the correction up to 0.9700, EURUSD has formed another descending structure towards 0.9538 with one more correction up to 0.9645. Today, the pair may resume trading downwards with the target at 0.9490. GBPUSD, “Great Britain Pound vs US Dollar” After finishing […]

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. The Relative Strength Index has broken 30 to the upside, confirming the correction. In this case, the pair is expected to rebound from 1/8 (0.6469), and then […]

• Citibank under bearish pressure • Likely to fall to support level 40.00 Citibank under the bearish pressure after the price broke the key support level 43.50 (former multi-month low from the middle of July). The breakout of the support level 43.50 continues the clear multi-month downtrend that can be seen on the daily and […]

• AUDUSD broke key support level 0.6500 • Likely to fall to support level 0.6300 AUDUSD currency pair recently broke the key support level 0.6500 coinciding with the support trendline of the wide down channel from the middle of April. The breakout of the support level 0.6500 accelerated the active short-term impulse waves iii and […]