Market Analysis

USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading near the downside border of the “overbought area”. In this case, the price is expected to rebound from 8/8 and then correct down to the support at 6/8. However, this scenario may no longer be valid if the […]

Type: Bullish Drop Key Levels:Resistance: 8.315Pivot: 7.7151st Support: 7.3652nd Support: 5.360 Preferred Case:On the H4, the price is showing a shoulder head pattern and below ichimoku cloud , if the pattern is confirmed, we would have a bearish bias that the price may drop from the pivot at 7.715, which is in line with the […]

Type: Bullish Drop Key Levels:Resistance: 20.915Pivot: 19.700Support: 17.375 Preferred Case:On the H4, with the price is moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 19.700, which is in line with the pullback resistance, 78.6% fibonacci projection and 23.6% fibonacci projection to […]

GBPUSD is plummeting non-stop. The Pound Sterling reached another low against the USD. The current quote for the instrument is 1.1343. American dollar is putting more and more pressure on the currency market. Most investors are trying to escape risks considering the current escalation in geopolitics and the increasing possibility of a recession.  On Thursday, […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.1425 and then resume moving downwards to reach 1.1125. Another signal in favour of a further downtrend […]

• USDJPY rising inside impulse waves (v) and 3• Likely to test resistance level 148.00 USDJPY currency pair continues to rise in the direction of the resistance level 145.00 (top boundary of the narrow sideways price range inside which the pair has been moving from the start fop September). The lower boundary of this price […]

• AUDUSD broke key support level 0.6700 • Likely to fall to support level 0.6600 AUDUSD currency pair recently broke the key support level 0.6700 (previous monthly low from July, which also reversed the pair earlier this month). The breakout of the support level 0.6700 continues the (c)-wave of the intermediate B-wave from the start […]

And finally, the day of the FOMC meeting arrived. Over the past few meetings, the Fed has been raising rates at the fastest pace in decades, but even so, the market is speculating about the possibility of a 100 bp rate hike, so the 75 bp scenario may even lead to a rebound in risk […]

Type: Bullish Rise Key Levels:Resistance: 1506’2Pivot: 1489’0Support: 1472’0 Preferred Case:On the H4, with the price is moving above the ichimoku cloud and ascending trendline, we have a bullish bias that the price may rise from the pivot at 1489’0, which is in line with the overlap resistance, 78.6% fibonacci retracement to the 1st resistance at […]

The crypto market continues falling. On Wednesday, the BTC is approaching $18,865. One of the most important things is an increase in the correlation between the S&P 500 index and the BTC – it’s 72% now, which is very close to the May high. What does it mean? It means that almost all risky assets […]

EURUSD is falling pressured by the “greenback”; market players are focused on the Fed meeting.  The major currency pair is falling on Wednesday. The current quote for the instrument is 0.9927. All investors are focused on the Fed’s meeting to be over later in the evening, where the regulator is expected to announce its rate […]

Type: Bullish Rise Key Levels:Resistance: 147.900Pivot: 144.275Support: 141.100 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.275 to the 1st resistance at 147.900 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]