Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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USDJPY continues rising; the Yen is surrendering. The Japanese Yen continues its free-fall against the USD. The current quote for the instrument is 125.65. The Yen hasn’t been able to act as a “safe haven” asset for a long time, although financial and capital markets remain very rough. So, what’s going on? As a rule, […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0870. If the price breaks this range to the downside, the instrument may start a new decline with the target at 1.0804 or even extend this structure down to 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.3030. Possibly, the pair […]
Today, Shell International resumed shipment of liquefied natural gas (LNG) from the Prelude facility, the world’s largest floating LNG terminal, located off northwest Australia, after a 4-month shutdown due to a major blackout. A Shell spokesman said that a shipment of liquefied gas had completed its loading and had left the site, yesterday evening, Sunday, […]
BTC Approaching Key SupportThe fall back in risk appetite over the last two weeks has hit crypto assets hard. BTC has reversed from recent highs around 4800, taking out two key support levels as both MACD and RSI turn lower. BTC is now approaching a major support region at the rising channel low and 37030 […]
US CPI Up NextLooking ahead to today’s US session and the key focus will be the release of US CPI for March. In light of hawkish comments from various Fed members last week, as well as further hawkish details in the FOMC minutes, today’s data holds the power to drive USD further higher. In terms […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is rebounding from Tenkan-Sen at 0.6828; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6880 and then resume moving downwards to reach 0.6685. Another signal in favour of a further […]
GBPUSD is still falling and slowly approaching the lows. The Pound sterling resumed its decline against the USD. The current quote for the instrument is 1.3012. The statistics published today showed that the Unemployment Rate in the United Kingdom dropped to 3.8% in February after being 3.9% in the previous month. The Average Earnings gained […]
Type: Bullish BounceKey Levels:Resistance: 1954.7Pivot: 1942.5Support: 1937.9Preferred Case:Prices are consolidating in a triangle pattern . We see the potential for further bullish continuation from our Pivot at 1942.5 in line graphical overlap and 23.6% Fibonacci retracement towards our 1st resistance at 1954.7 in line with 127.2% Fibonacci Projection . Prices trading above our Ichimoku cloud […]
Type: Bullish BounceKey Levels:Resistance: 1108’4Pivot: 1071’6Support: 1055’0Preferred Case:Prices are at a pivot . We see the potential for a bounce from our pivot at 1071’6 in line with 23.6% Fibonacci Retracement towards our 1st resistance at 1108’4 which is an area of Fibonacci confluences. Prices are trading above our Ichimoku clouds , further supporting our […]
China CPI Surges AgainCPI data from the world’s second largest economy overnight showed that price pressures continued to grow last month. CPI was seen jumping 1.5% on the month, up from the prior 0.9% reading and well above the 1.1% result forecasted. Additionally, China headline PPI came in at 8.3%, beating expectations for an 8.1% […]
Type: Bullish BounceKey Levels:Resistance: 25.105Pivot: 24.850Support: 24.795Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 24.850 which is a graphical overlap towards our 1st resistance at 25.105 in line with 100% Fibonacci Projection . Prices are trading above our ichimoku clouds , further supporting our bullish bias.Alternative […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 1.0836 along with the correction up to 1.0911, EURUSD is falling towards 1.0848 and may later consolidate there. If the price breaks this range to the upside, the instrument may start a new correction with the target at 1.0995. GBPUSD, “Great Britain Pound vs […]