Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Type: Bearish MomentumKey Levels:Resistance: 2418.5Pivot: 2377.0Support: 2305.0Preferred Case:We see the potential for a bearish continuation from our pivot level at 2377.0 along with horizontal overlap resistance towards our 1st support level at 2305.0 in line with 161.8% Fibonacci extension, 78.6% Fibonacci projection and -27.2% Fibonacci expansion.Alternative Scenario:Alternatively, price might break our pivot structure and head […]
The BTC is sort of reviving: the major cryptocurrency has been slowly recovering for a couple of trading sessions and trying to fix above significant resistance levels. On Wednesday afternoon, the BTC is trading at $41,438. Technically, the asset must fix above $42,300 to confirm a reversal to the upside – two days ago it […]
EURUSD, “Euro vs US Dollar” EURUSD has finished the correction at 1.0820 and may later start a new decline with the target at 1.0750 or even extend this structure down to 1.0730. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the correctional structure at 1.3034, GBPUSD is expected to resume falling towards 1.2948 or […]
For the fourth year in a row, India tops the lists of countries with the highest air pollution, in the “IQ Air” index for 2021, issued by the Swedish Air Quality Control Authority, which monitors air quality globally, and which indicated that South Asia is the most dangerous region. In the world. The World Health […]
US 10Y Treasury yield bounced off the key 3% area, dragging down greenback and initiating a chain of pullbacks in other assets that have demonstrated exuberant moves recently. DXY fell 0.6%, the sell-off started from the “round” 101 level as bidding eased on concerns of extreme USD valuation (2-year high), Gold pulled back from the […]
Netflix -25% Pre-MarketShares in US streaming giant Netflix are trading down by around 25% ahead of the US open today. Sentiment turned heavily bearish for Netflix in response to its Q1 earnings release yesterday which saw the platform reporting its first net-loss in subscribers for a decade. Netflix had offered guidance for subscriber growth of […]
• NZDUSD reversed from support level 0.6735• Likely to rise to resistance level 0.6850 NZDUSD currency pair recently reversed up from the key support level 0.6735 (the former monthly low from March), strengthened by the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from February. The upward reversal from the […]
• S&P 500 reversed from support level 4400.00• Likely to rise to resistance level 4500.00 S&P 500 index recently reversed up from the support level 4400.00 (the former monthly low from March) intersecting with the 61.8% Fibonacci correction of the upward impulse (1) from January. The upward reversal from the support level 4400.00 created the […]
GBPUSD remains under pressure; the Pound sterling is taking any opportunity to reach stability. The British Pound is taking severe damage from the USD attack and is using every single opportunity to recover. The current quote for the instrument is 1.3023. The lack of any important macroeconomic data from the United Kingdom makes the “greenback” […]
EURUSD managed to recover a little bit after plummeting last week. The major currency pair reached stability after plunging earlier. The current quote for the instrument is 1.0809. Last week’s low was 1.0756. The currency market remained calm yesterday after the Easter holidays and investors were slowly getting back to their normal style of life […]
CIBCFX Flows$YEN pushed above 127.00, a level that held well over the North American session, it may have been a small barrier option. Move up was believed to be caused by Fed Res Bullard’s remark that we shouldn’t rule out rate increases of 75 bps. Bullard is a voter this year and considered the most […]
Daily Market Outlook, April 19, 2022 Overnight Headlines Russia Unleashes Offensive On Ukraine, Ushering In New Phase Fed’s Bullard: A 75 Basis-Point Hike Could Be Option If Needed Yellen To Attend G-20 Sessions As US Retreats On Boycott Idea Goldman Sachs Sees US Recession Odds At 35% In Next 2 Years Macron’s Lead Over Le […]