Market Analysis

Type: Bearish Drop Key Levels:Resistance: 20800Pivot: 19450Support: 18490 Preferred Case:with the price breaking the ichimoku cloud, below ichimoku cloud and MA, we have a bearish bias that the price may drop from the pivot at 19450, which is in line with the swing low to the 1st support at 18490, where the previous significant swing […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending impulse. In this case, the downside correctional target may be at 1.2990. Later, the market may rebound from this […]

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 the cloud’s downside border at 0.9985 and then resume moving downwards to reach 0.9725. Another signal in favour of a further downtrend […]

The currency pair EUR/USD remains in the supporting zone formed between the levels 0.9950 and 1.0000. This asset is likely to pull back, undergo correction, and jump, targeting the local downtrend. The downtrend is denoted by the blue line on the chart below. Oil is slowly approaching the resistance at the level of 107.50. It […]

EURAUD Stands Out During Quiet Week It’s been a much quieter week for financial markets. Though do bear in mind I’m writing this ahead of today’s Jackson Hole event. Given the focus on Fed chairman Powell’s speech today, markets have been somewhat held hostage over the week. Still, there have been some interesting moves and […]

BNY Mellon Jackson Hole Conference Productivity Focus Federal Reserve Chairman Powell’s breakfast speech this morning in Wyoming will be focusing on the main topic of the Kansas City Fed’s Jackson Hole Economic Symposium: “Reassessing Constraints on the Economy and Policy”. Unleashing productivity growth will, in our opinion, take the driving seat in FX markets for […]

AUDJPY Bull Flag AUDJPY price action is looking interesting here. Following the latest peak in June, AUDJPY has been correcting lower within a bear channel, which can be viewed as a bull flag within the longer-term bull trend. With price well supported into the lows and now turning higher once again, the risks of an […]

Type: Bullish Breakout Key Levels:Resistance: 34296.57Pivot: 33461.36Support: 32586.42 Preferred Case:On the H4, with price moving along the ascending trendline and bouncing off the stochastic support, we have a bullish bias that price will rise to pivot at 33461.36 where the pullback resistance and 50% fibonacci retracement are. Should price break pivot structure, we would expect […]

All Eyes on Powell Ahead of Fed chairman Powell speech at the Jackson Hole Symposium later today, market expectations are leaning broadly in favour of a hawkish outcome. On the back of a hawkish set of July FOMC minutes and following hawkish commentary from other Fed members at the end of last week and yesterday, […]

Type: Bullish Rise Key Levels:Resistance: 143.975 Pivot: 141.950Support: 139.175 Preferred Case:With the price moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that the price may rise to the pivot at 141.950, which is in line with the 161.8% fibonacci projection and swing high to the 1st resistance at 143.975, […]

EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.0025, EURUSD is correcting down to 0.9933 and may later grow to reach 0.9988, thus forming a new consolidation range. If the price breaks this range to the downside, the market may start another decline with the target at 0.9800; if to the upside […]

Brent As we can see in the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 4/8 and continue moving downwards to reach the support at 3/8. However, this scenario may no longer be valid if the asset breaks 5/8 […]