Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• EURGBP reversed from resistnace area• Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the resistnace area located between the key resistnace level 0.8590 (which has been reversing the pair from November), upper dialy Bollinger Band and the upper trendline of the daily up channel from March. The downard […]
GBPUSD remains under bearish pressure; there is no good news. The Pound sterling continues weakening against the USD on Thursday. the current quote for the instrument is 1.2205. Today’s flow of statistics didn’t give the Pound a single chance to reach stability. For example, it turned out that according to the preliminary report, the British […]
EURUSD hit another multi-month bottom while investors are trying to escape risks. The major currency pair is back to falling. The current quote for the instrument is 1.0429. Earlier today, the Euro hit the bottom of March of 2020 and it might be only the beginning. Market players are escaping risks when each new sale […]
Daily Market Outlook, May 11, 2022 Overnight Headlines China Inflation Exceeds Forecasts As Lockdowns Roil Supplies Australia Consumer Sentiment Dives As Rates, Inflation Rise BNZ: Risk Of New Zealand Recession `Rising By The Day’ NZ Government Brings Forward Full Border Opening To End Of July Fed’s Bostic: The US GDP Will Increase By 2.6% This […]
Bad Start to 2022 for EUREUR has been one of the weakest in the G10 bloc over the year so far. While most of the central banks in the G10 have now embarked on a tightening path aimed at unwinding the massive stimulus put in place across the pandemic, normalising monetary policy, and taming soaring […]
CIBCFX FlowsIt is certainly quieter day ahead of US inflation numbers. Our economics team wrote US inflation will likely continue to decelerate in the months ahead due to base effects, but that will be limited by supply chain disruptions in goods sectors tied to lockdowns in China, strong underlying demand for services, and the tightening […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0530. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1.0462; if to the upside – start another growth towards 1.0610 or even break this level to extend the structure up to […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of another ascending impulse. In this case, the upside target may be the resistance level at 1860.50. At the […]
Type: Bullish RiseKey Levels:Resistance: 1132’6Pivot: 1106’4Support: 1084’4Preferred Case:With price breaking above the Ichimoku cloud and making a new high on the donchian channel, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance and 100% Fibonacci projection from our pivot in line with the […]
Type: Bearish ContinuationKey Levels:Resistance: 791’0Pivot: 784’6Support: 769’4Preferred Case:With price expected to reverse off the Ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 784’6 in line with the horizontal swing high support and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, […]
EURUSD has fixed within a sideways range while waiting for important news. The major currency pair is consolidating inside the range not far from the lows. The current quote for the instrument is 1.0568. Investors are still analysing the US Fed’s actions and predicting its future moves. It’s been a week since the regulator’s latest […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may re-test Tenkan-Sen and Kijun-Sen at 1.2385 and then resume moving downwards to reach 1.1965 Another signal in favour of a […]