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” Having expanded the consolidation range up to 1.0777, EURUSD is expected to correct down to 1.0731 and may later form one more ascending structure towards 1.0820. After that, the instrument may resume moving within the downtrend with the target at 1.0630. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it to indicate an ascending tendency. In this case, the price is expected to break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no […]
The US dollar rose across the board on Tuesday as Treasury yields rose and investors’ risk appetite was dampened by concerns about a further acceleration in global inflation. The dollar was bolstered by demand for safe havens. Stocks in the United States fell on Tuesday as investors were alarmed by rising oil prices and hawkish […]
Egypt’s gas export revenues recorded a big jump during the first four months of this year, compared to the same period last year. Data from the Ministry of Petroleum revealed that the value of Egypt’s exports of natural and liquefied gas during the first period from the beginning of January to the end of April […]
Type: Bearish MomentumKey Levels:Resistance: 237.4Pivot: 229.35Support: 221.85Preferred Case:On the H4, with price moving within the ascending channel and price expected to reverse off the stochastic resistance which supports bearish bias that price will drop from our pivot at 229.35 in line with the 100% fibonacci projection and swing high resistance to the support at 221.85 […]
Type: Bearish MomentumKey Levels:Resistance: 14864Pivot: 14576Support: 14297Preferred Case:On the H4, price has recently reversed off the pivot at 14576 in line with the overlap resistance and the confluence area at 78.6% fibonacci retracement and 100% fibonacci projection and may drop to the overlap support level at 14297 in line with the 38.2% fibonacci retracement.Alternative Scenario:Price […]
• USDJPY reversed from support level 127.00• Likely to rise to resistance level 129.65 USDJPY recently reversed up from the key support level 127.00 (which stopped wave (ii) in April), intersecting with lower daily Bollinger Band and by the 50% Fibonacci correction of the previous sharp upward impulse 1 from March. The upward reversal from […]
• NZDUSD reversed from resistance level 0.6535• Likely to fall to support level 0.6425 NZDUSD recently reversed down from the key resistance level 0.6535 (top former multi-month low from January). The resistance area near the resistance level 0.6535 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the previous […]
BRENT Brent is rising within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 119.75 and then resume moving upwards to reach 132.25. Another signal in favour of a further uptrend will be a rebound from the […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Doji reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0850. However, an alternative scenario implies […]
Type: Bearish ContinuationKey Levels:Resistance: 127.265Pivot: 118.174Support: 105.976Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support at 105.976 in line with the 61.8% fibonacci retracement and horizontal swing low support from our pivot at 118.174 in line with the horizontal overlap resistance […]
Type: Bullish RiseKey Levels:Resistance: 9171Pivot: 8937Support: 8760Preferred Case:Price is moving within the ascending trend channel and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 8937 where the overlap support is to the 1st resistance at 9171 in line with the 127.2% fibonacci extension and […]