Market Analysis

USDCHF, “US Dollar vs Swiss Franc” On H4, the pair is under the 200-day Moving Average, which means the prevalence of a downtrend. A test of 6/8 is expected, followed by a bounce off it and falling to the support level of 4/8. The scenario can be cancelled by a breakaway of 6/8 upwards, which might […]

CADCHF Looking to Break Lows CADCHF shorts look good here. The market has been grinding lower from the May highs and has now broken below the rising trend line from 2020 lows. The retail market is more than 90% long the pair, suggesting plenty of room for the current breakdown to continue. While the BOC […]

Type: Bearish Drop Key Levels:Resistance: 9.250 Pivot: 8.945 Support: 8.495 Preferred Case:On the H4, with the Stoch is over 80 and the price dropping from the 1st resistance, we have a bearish bias that the price may drop from the pivot at 8.945, which is in line with the 23.6% fibonacci retracement and overlap resistance […]

The market major today remains weak, the current quote being 0.9975. The statistics from the Euro zone published yesterday disappointed investors and compromised the EUR. Industrial production in the region in July dropped by 2.3% m/m against the forecast 1% and by 2.4% y/y against the forecast growth by 0.4% and growth in June by […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the support level. It is going inside the Cloud, which means the prevalence of a flat. A test of the upper border of the Cloud is expected at 1.1545, followed by falling to 1.1275. The decline will be signaled by a bounce off the […]

Type: Bullish Rise Key Levels:Resistance: 148.125Pivot: 144.475Support: 141.150 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 144.475 to the 1st resistance at 148.125 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]

Wild Volatility Following US CPI Yesterday was a wild day for markets with the latest US CPI release causing wide-spread volatility. The headline annualised reading came in at 8.3%, above forecasts for an 8.1% reading, though still down on the prior month’s 8.5% reading. So, the takeaway here is that inflation cooled again in August, […]

Type: Bullish Rise Key Levels:Resistance: 1.04785Pivot: 1.04350Support: 1.03890 Preferred Case:On the H4, with RSI is showing an ascending trend, and the price is consolidating now, we would hold a short term bullish bias that price may rise from the pivot at 1.04350 where the swing highs are to the 1st resistance at 1.04785 where the […]

The latest UK CPI data received this morning shows that consumer prices slowed last month in the UK to 9.9% from the prior month’s 10.1%. The market was looking for an unchanged reading against that prior result and so the drop will no doubt be welcomed by UK households, despite confirming that inflation remains at […]

The market major on Wednesday is depressed, the current quote is 0.9980. The euphoria in the EUR did not last long: as soon as demand for the USD retuned, the parity level reminded of itself. Rally in the dollar pushed aside both aggression of the ECB and a decline in the stop prices for gas […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are in the overbought area. A breakaway of 8/8 downwards should be expected, followed by a falling to the support level of 6/8. The scenario can be cancelled by rising over the resistance level of +1/8, in which case the growth might continue to +2/8. […]

• Natural gas rising inside impulse wave 3 • Likely to rise to resistance level 9.500 Natural gas recently reversed up from the key support level 7.755 (which has been reversing the price from the start of August), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from […]