Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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US GDP Up NextLooking ahead to today’s US session, the main data focus will be on the release of advance US quarterly GDP for Q1. In light of the impact of surging inflation, supply-side issues, and the impact of COVID and the conflict in Ukraine, the market is widely expecting US GDP to have moderated […]
JPY Plunges Lower StillThe Japanese Yen has fallen to it slowest level against the Dollar since 2002 on the back of the April BOJ meeting today. The BOJ reaffirmed its commitment to maintaining an easing presence in the market, stating that it will continue buying bonds daily in line with its aim of keeping bond […]
• NZDUSD broke long-term support level 0.6535• Likely to fall to support level 0.6400 NZDUSD currency pair recently broke the long-term support level 0.6535, which has been repeatedly reversing the price from the end of 2020. The breakout of the support level 0.6535 continues the active intermediate impulse wave (3) from last year. NZDUSD can […]
• FTSE 100 reversed from support level 7345.00• Likely to rise to resistance level 7535.00 FTSE 100 index recently reversed up from the support level 7345.00, intersecting with the 38.2% Fibonacci correction of the upward ABC correction 2 from the start of March. The upward reversal from the support level 7345.00 created the daily candlesticks […]
USDJPY skyrocketed to its 20-year highs again after the BoJ’s meeting. The Japanese Yen hit new bottom against the USD. The current quote for the instrument is 130.59. The Bank of Japan has another meeting on Thursday and kept the basic parameters of its monetary policy intact. The benchmark interest rate remained at -0.1%, just […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD is reversing in the form of a new correctional impulse. In this case, the downside correctional target may be at 1.2795. However, an alternative scenario implies that the […]
German inflation has reached a four-decade high as a result of rising energy prices. In April, German inflation reached its highest level in more than four decades, fueled by natural gas and mineral oil prices that have skyrocketed since Russia’s attack on Ukraine. Consumer prices harmonised to make them comparable with inflation data from other […]
Scotland counts on solar energy to achieve climate goals by 2030 The Scottish government has expressed its commitment to including solar energy in its new strategy to achieve climate goals, after the ruling Scottish National Party announced last Friday the signing of a power-sharing agreement in the country with the Green Party. The document, issued […]
Type: Bullish RiseKey Levels:Resistance: 695’7Pivot: 664’7Support: 645’7Preferred Case:We are expecting the price to potentially rise from our pivot level of 664’7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695’7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Otherwise, the price might break our pivot structure and […]
Type: Bullish RiseKey Levels:Resistance: 19.37Pivot: 18.98Support: 18.84Preferred Case:We are expecting the price to potentially rise from our pivot level of 18.98 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance level of 19.37 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection.Alternative Scenario:Otherwise, the price might break […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2615 and then resume moving downwards to reach 1.2265 Another signal in favour of a further […]
EURUSD hit another bottom – and it didn’t surprise anybody. The major currency pair reached new lows – the last time the asset was moving there was in March 2017. The current quote for the instrument is 1.0541. The USD rally doesn’t stop. The nearer the date of the Fed’s May meeting and the GDP […]