Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The BTC rate is declining for the second day in a row. Today, it is trading at $30,228 USD, while yesterday it fell to $29,200, its weekly low. There were some signs of local demand early in the week but not for long – the major cryptocurrency is now stuck between $29,200 and $31,590. The […]
EURUSD is falling on Wednesday morning but keeps on trying to consolidate. The major currency pair is declining despite the market’s attempts to reach stability. The current quote for the instrument is 1.0692. The key trigger that supports the “greenback” is the rally in US bond yield growth. Also, investors are very cautious about possible […]
Oil prices rose, during trading today, Wednesday, June 8, 2022, amid expectations of a decrease in US oil stocks. The rise coincides with expectations of increased demand for fuel in the upcoming driving season, as the US Energy Information Administration raised its forecasts for oil demand this year. Oil Prices Today The price of the […]
Type: Bullish RiseKey Levels:Resistance: 103.225Pivot: 102.592Support: 101.856Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 102.592 at the swing high to the 1st resistance at 103.225 in line with the 50% fibonacci retracement and 100% fibonacci projection.Alternative Scenario:Price may […]
Equities Mostly Higher This Week Ahead of Key Data EventsWe’ve seen a mixed start for global equities benchmarks on Tuesday. US stocks are under pressure amidst a better showing in USD while, elsewhere, European and Asian markets are trading with a better tone. The NIKKEI is having another solid week following a strong rally on […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Engulfing 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 1.0840. However, an alternative scenario implies […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD 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 the cloud’s downside border at 1.2595 and then resume moving downwards to reach 1.2275. Another signal in favour of a […]
Type: Bullish RiseKey Levels:Resistance: 821.05Pivot: 790.95Support: 772.10Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise from our pivot at 790.95 in line with the 23.6% fibonacci retracement and 61.8% fibonacci projection to the 1st resistance at 821.05 in […]
Type: Bullish RiseKey Levels:Resistance: 28350Pivot: 27810Support: 27550Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 27810 at the overlap support to the 1st resistance at 28350 in line with the 127.2% fibonacci expansion and swing high.Alternative Scenario:Price may also […]
Type: Bullish RiseKey Levels:Resistance: 62842Pivot: 61613Support: 60555Preferred Case:On the H1, price is bouncing off the ichimoku support which supports our bullish bias that price will rise from the pivot at 61613 where the overlap support and 61.8% fibonacci retracement are to the 1st resistance at 62842 in line with the 61.8% fibonacci projection and swing […]
EURJPY Breakout in Full SwingThe rally in EURJPY this week has seen ourrecent long idea hitting its target at 140.82. Weakness in JPY amidst an uptick in risk sentiment is helping drive the pair higher. Additionally, hawkish ECB expectations ahead of the upcoming ECB meeting this week are adding further support. With the ECB expected […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the descending wave at 1.0675 and may later correct up to 1.0710. After that, the instrument may resume falling to break 1.0640 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.2560, GBPUSD is […]