Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 0.9992. Today, the pair may expand the range up to 1.0040 and then fall with the target at 0.9920, or even extend this structure down to 0.9800. GBPUSD, “Great Britain Pound vs US Dollar” Having reached the short-term downside target at 1.1350, GBPUSD is expected […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer […]
The weekly balance sheet data from the Fed showed an increase of 10.4 billion – a very unexpected change as the central bank should, on the contrary, have accelerated the balance sheet reduction since the beginning of September. However, so far, the Fed has broadly stuck to its plan. The official release on May 4 […]
• Dow Jones under bearish pressure • Likely to fall to support level 30000.00 Dow Jones index under the bearish pressure after it broke above the support level 31000.00 (which stopped the earlier minor impulse wave 1 at the start of September). The breakout of the support level 31000.00 accelerated the active short-term impulse wave […]
Risk Sentiment Suffers On Biden Coments Along with the current rally in USD, risk sentiment appears to be suffering at the start of the week on the back of comments made by President Biden. During an interview with CBS, when questioned over whether the US military would step in to defend Taiwan in the event […]
Type: Bearish Drop Key Levels:Resistance: 13399.43Pivot: 12437.6Support: 12123.93 Preferred Case:On the H4, with the price reflecting off the 61.8% Fibonacci retracement line and the price being below ichimoku cloud, we have a bearish bias that the price may break through the pivot line and tap onto the 1st support line which is at the 78.6% […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen. 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 0.6720 and then resume moving downwards to reach 0.6555. Another signal in favour of a further downtrend will […]
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 1.3225. Later, the market may rebound from this […]
• EURGBP broke major resistance level 0.8700 • Likely to rise to resistance level 0.8800 EURGBP continues to rise after the price broke above the major resistance level 0.8700 (which has been reversing the price from the middle of June). The breakout of the resistance level accelerated the active short-term upward impulse wave 3, which […]
Daily Market Outlook, September 16, 2022 Overnight Headlines Gold Steadies After Sinking To Two-Year Low As Rate Hike Looms Asian Markets Weaken As IMF, World Bank Flag Recession Risks Apple Overtakes Tesla As Traders Most-Shorted Stock In US Market FedEx Shares Plunge 15% After Profit Warning Linked To Economy China’s Retail Sales, Industrial Production Beat […]
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 […]
Credit Agricole Currency Wars 2.0 The commodity terms of trade supply shock that has rocked the global economy so far this year continues to reverberate across FX markets. The shock has fuelled inflation across the board and spurred up global central banks into action. The Fed’s efforts to contain the US inflation have further fuelled […]