Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Type: Bearish Drop Key Levels:Resistance: 3.4665Pivot: 3.4325Support: 3.3815 Preferred Case:On the H4, with the price is moving below ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4325, which is in line with the 61.8% fibonacci retracement and 78.6%$ fibonacci projection to the 1st support […]
EURUSD, “Euro vs US Dollar” After a mighty decline to 0.9955, the pair is consolidating around 0.9988. Today it may drop to the lower border of the range at 0.9955, and with a breakaway of this level downwards, a pathway to 0.9800 will open. GBPUSD, “Great Britain Pound vs US Dollar” The pair has formed […]
XAUUSD, “Gold vs US Dollar” At a pullback from the support level, gold has formed a reversal pattern Hammer. If the pair goes by the pattern, it may form an ascending impulse. The goal of growth is probably 1680.00. However, the quotes may fall to 1645.50 without correcting to the resistance level. NZDUSD, “New Zealand […]
• EURCHF reversed from support level 0.9550 • Likely to rise to resistance level 0.9700 EURCHF currency pair recently reversed up with the daily Hammer from the key support level 0.9550 (which stopped the sharp downtrend in August) intersecting with the lower daily Bollinger Band . The upward reversal from the support level 0.9550 started […]
• S&P 500 broke key support level 3900.00 • Likely to fall to support level 3800.00 S&P 500 index recently broke the key support level 3900.00 (which has been reversing the price from the end of July) intersecting with the 61.8% Fibonacci correction of the upward ABC correction from June . The breakout of the […]
Despite mixed data on the US economy released on Thursday (strong retail sales and unemployment claims, weaker-than-expected industrial production), Treasury sell-off gained momentum with two-year yield climbing above 3.90%. Rate futures imply a 4.5% Fed interest rate in March 2023. Since the start of September markets have added almost 50 basis points to the expected […]
UK Retail Sales Plunge The British Pound has come under heavy selling pressure on Friday in response to the latest economic data out of the UK. Retail sales for August were seen falling to -1.6% from the prior month’s 0.4% reading. This was well below the -0.5% reading the market was looking for and marks […]
The BTC has fallen again. On Friday, the main fluctuations are at 19,797 USD. Everything which is going on with the BTC now has a lot to do with the situation in the US stock market. The latter, in turn, is experiencing totally not the best times. After capital markets dropped on Tuesday, there happened […]
The currency major has stabilised; the current quote is 1.0000. There are several days left before the meeting of the Federal Reserve System, and the market is unlikely to risk these days. The statistics published yesterday demonstrated that retail sales in the US in August grew by 0.3% m/m, while no changes had been expected. […]
Daily Market Outlook, September 15, 2022 Overnight Headlines Upgrade Of Ethereum Blockchain Sees ETH Trade Down 1% US Retail Sales Expected To Drift Sideways Ahead Of Fed Hike Ray Dalio Does The Math: Rates At 4.5% Would Sink Stocks By 20% Australia’s Jobless Rate Climbs For First Time In 10 Months NZ Economy Grew More […]
Bitcoin has pulled from the resistance at the level of 22000 and dropped to the psychological level of 20000. It’s noteworthy that this level is next to the bearish trap, therefore Bitcoin might jump soon. So, let’s observe what is going to happen next. The currency pair EUR/USD has jumped and pulled back to achieve […]
EURUSD, “Euro vs US Dollar” The pair is correcting inside the Triangle pattern, going under the Cloud, which implies a downtrend. A test of the lower border of the Cloud is expected at 1.0005, followed by falling to 0.9850. An additional signal confirming the decline will be a bounce off the upper border of the […]