Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The BTC just can’t break through sales. On Wednesday, the major cryptocurrency is falling towards $20,137 – the asset doesn’t look inspiring at all. Yesterday, while the US indices were rising, the BTC price was trying to reach $21,723. It is a common fact that there is a correlation between S&P 500/NASDAQ and the BTC. […]
EURUSD couldn’t keep its positive momentum – the asset is retreating. The major currency pair got under pressure again in the middle of the week. The current quote for the instrument is 1.0499. According to the BBVA, the US bond yield might continue rising until the moment the US Fed stops raising its benchmark interest […]
Oil prices are down 5%, and Brent crude is below $110 Oil prices fell, about 5%, during trading today, Wednesday, June 22, 2022, amid US President Joe Biden’s effort to reduce high fuel costs. The White House is putting pressure on America’s major energy companies; To help alleviate the suffering of drivers during peak summer […]
Type : Bearish Momentum Key Levels: Resistance : 61692 Pivot: 60565 Support : 59367 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 60565 in line with the pullback resistance to the 1st support at 59367 in line with […]
Daily Market Outlook, June 22, 2022 Overnight Headlines UK inflation hits new 40 year high of 9.1% in May Asian Equity Markets Slide As Recession Angst Drives Tech Selling Bitcoin Sinks Again As Risk-Off Mood Returns On Recession Fears Biden To Call On Congress Wednesday To Pass A Gas Tax Holiday White House Economist Remains […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the resistance area. At the moment, EURUSD may reverse in the form of a new descending impulse. In this case, the downside target may be at 1.0420. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” After completing the correction at 1.0577, EURUSD is forming a new descending structure to break 1.0395 and may later continue falling with the target at 1.0210. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correctional wave at 1.2320; right now, it is trading downwards to break 1.2065 […]
Type Bearish Reversal Key levels:Resistance: 138.784 Pivot: 135.589 Support:131.521 Preference: On the H4, with price approaching and expected to reverse off stochastic indicator, we have a bearish bias that price will drop from our pivot at 135.589 in line with the swing high resistance and 61.8% fibonacci projection to our 1st support at 131.521 in […]
Type:Bullish Bounce Key levels:Resistance:1.24024 Pivot:1.21828 Support:1.20365 Preference: On the H4, with prices breaking above the ichimoku indicator, we have a bullish bias that price will drop and rise from our pivot at 1.21828 where the horizontal overlap support and 50% fibonacci retracement to our 1st resistance at 1.24024 in line with the 61.8% fibonacci projection, […]
After a turbulent past week, calm has finally returned to the markets. Demand for risk assets slowly recovers: European indices have been rising for the third day in a row, US futures rebounded by more than 1.5% on Tuesday. The dollar index (DXY) fell against the euro and the pound, rose against commodity currencies amid […]
Global equities benchmarks are seeing a more positive open on Tuesday. With the recent rally in USD pausing for now, equities traders are bidding up the indices tracked here with gains across the board today. US markets were out yesterday for the bank holiday so volume is expected to be at a better level today […]
EURUSD is awkwardly growing. The major currency pair is trying to keep its positive momentum on Tuesday. The current quote for the instrument is 1.0527. The macroeconomic calendar was empty early in the week: the US had a holiday; the Euro Area didn’t offer a lot of numbers. However, investors still had something to pay […]