Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The Aussie’s first response to the RBA’s decision was a plunge, but then the asset reached stability. The Australian Dollar is looking neutral against the USD on Tuesday. The current quote for the instrument is 0.7188. The Reserve Bank of Australia had another meeting today, which didn’t go as expected. The benchmark interest rate increased […]
USDJPY updated its 20-year highs. The Japanese Yen dropped to its 20-year lows against the USD on Tuesday. The current quote for the instrument is 132.94, the lowest since April 2002. The key trigger for this decline was US bond yield growth, which supported the “greenback” – it added 3.04%, the biggest gain in three […]
The US dollar strengthens early Tuesday ahead of trade The US dollar rose against its major trading partners early Tuesday ahead of the release of data on the April international trade gap and weekly Redbook US retail sales, but the focus remains on Friday’s May consumer price report. The Federal Reserve is widely expected to […]
India is increasing cooperation in the fields of green hydrogen and clean energy with European Union and North American countries, in proactive steps for the United Nations Climate Change Summit COP27 to be held in Sharm El-Sheikh, Egypt, next November. India’s ambitious plans for green hydrogen and the national strategy announced months ago are aligned […]
The RBA surprised markets on the meeting today delivering a hawkish 50 bp rate hike. Consensus forecast was a 25 bp move, swap markets priced in a bit more aggressive move of 40 bp. The RBA decided to take decisive action against inflation, which accelerated to 5.1% YoY according to the latest data, while consumption […]
CADJPY Heading HigherAs with my EURJPY long, the recent CADJPY breakout idea has now hit its target at 105.33 following the breakout above 102.17. JPY weakness has been a prevailing market theme over recent weeks and both CAD and EUR have been well positioned to take advantage of this dynamic. With the BOC hiking rates […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY has fixed above the bullish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 132.05 and then resume moving upwards to reach 134.45. Another signal in favour of […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, such as Engulfing, close to the support level, USDCAD is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.2670. However, an alternative scenario implies that the asset […]
Type: Bullish RiseKey Levels:Resistance: 51386Pivot: 50900Support: 50578Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 50900 where the overlap support, 50% fibonacci retracement and 61.8% fibonacci projection are to the 1st resistance at 51386 in line with the swing high […]
Type: Bullish RiseKey Levels:Resistance: 120.88Pivot: 119.21Support: 117.64Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 119.21 where the pullback support is to the 1st resistance at 120.88 in line with the swing high resistance and 61.8% fibonacci projectionAlternative Scenario:Alternatively, price […]
Type: Bullish RiseKey Levels:Resistance: 12662.5Pivot: 11067.9Support: 10493.8Preferred Case:On the H4, with price moving within the ascending trend channel and above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 11067.9 in line with the swing low and 50% fibonacci retracement to the 1st resistance at 12662.5 in […]
Type: Bullish RiseKey Levels:Resistance: 7366Pivot: 7154.3Support: 6996.2Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trendline, we have a bullish bias that price will rise from the pivot at 7154.3 in line with the 61.8% fibonacci projection to the 1st resistance at 7366 in line with the overlap resistance […]