Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• USDJPY reversed from key support level 142.00• Likely to rise to resistance level 148.00 USDJPY currency pair recently reversed up from the key support level 142.00 (lower boundary of the sideways price range inside which the pair has been moving from the start fop September). The upward reversal from the support level 142.00 started […]
• USDCAD rising inside impulse wave (3) • Likely to reach resistance level 1.3760 USDCAD currency pair continues to rise inside the sharp intermediate impulse wave (3), which previously broke the two intersecting up channels from April and August. The pair is under the bullish pressure due to the simultaneous strong bullish USD sentiment and […]
Surging US Dollar Puts Pressure on Metals It’s been a tricky start to the week for the metals market. Gold prices were seen breaking down to new lows for the year across the European morning on Monday. However, this move was then seen reversing with price trading back up to roughly flat on the day, […]
Daily Market Outlook, September 26, 2022 Overnight Headlines UK Pound Plunges To All-Time Low As Fiscal Plan Spurs Exodus Fed’s Bostic: US Could Have A ‘Relatively Orderly’ Slowdown Blinken: China Acting Ever More Aggressively Toward Taiwan Wall Street Banks Prep For Grim China Scenarios Over Taiwan German Ifo Set For Further Decline As Recession Fears […]
On Monday, the BTC is slightly growing, though nothing has changed for the cryptocurrency strategically. The leading crypto rests near 19,217 USD. For this week, no sensational statistics or important meetings are scheduled. Keep an eye though on the speech of the US Fed’s head Jerome Powell at the conference of the Bank of France. […]
The Pound Sterling dropped against the USD to the lowest levels since 1985. The current quote for the instrument is 1.0740. The Pound got under pressure from two sides simultaneously – the strong “greenback” and decisions made by the British regulator. The USD has an extremely strong influence on the British currency which can hardly […]
BOJ Cites Need For Continued Easing The governor of the Bank of Japan, Haruhiko Kuroda, today defended the BOJ’s intervention in FX markets last week. The BOJ was seen selling massive amounts of USD in its first such operations since 1998, in a bid to counter further depreciation of the Yen. Kuroda cited the need […]
Markets React Negatively to UK Government Mini-Budget The British Pound has seen it’s most volatile trading period since the start of the pandemic with GBPUSD crashing almost 10% lower, falling to its lowest level on record. We’ve seen similar scale moves across the board with EURGBP and GBPJPY both seeing wild moves also, the latter […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the bearish channel. 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 0.9705 and then resume moving downwards to reach 0.9310. Another signal in favour of a further downtrend will be […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9700 and then forming a new consolidation range around this level, EURUSD has broken it to the downside to finish another descending structure towards 0.9555. Today, the pair may correct to test 0.9700 from below and then resume falling with the target at 0.9490, […]
Type: Bearish Drop Key Levels:Resistance:8.440Pivot:7.630Support:7.035 Preferred Case:On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. The price is forming a shoulder head pattern hence price might drop from the pivot at 7.630, which is in line with the 50% fibonacci retracement and the neckline of […]
Type: Bearish Momentum Key Levels:Resistance: 698.50Pivot: 667.50Support: 679.25 Preferred Case: Price has reflected off the first support level at 698.50 on the H4 and appears to be descending again to test it. watch for the price to cross the first support level and go toward the pivot at 667.50, which is where the previous swing […]