Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Ukraine Crisis Driving Defence Stocks HigherWithdefence stocks soaring amidst the violence in Ukraine and the uncertainty andfear spiralling out of that crisis, Lockheed Martin’s stock price has hitfresh, all-time highs. Lockheed is one of the leading, global aerospace anddefence companies. Given the massive uptick in global arms buying we are seeingas a result of Russia’s […]
It’s been a strong start to the week for metals markets with gold prices breaking out to fresh highs on soaring safe haven demand. Risk sentiment has taken another leg lower this week as traders digest the developments over the weekend with regard to the main geo-political driver currently; the crisis in Ukraine.The intensification of […]
• GBPCHF reversed from support area• Likely to rise to resistance level 1.2280 GBPCHF currency pair recently reversed up from the support area located between the multi-month support level 1.2135 (previous monthly low from October) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous impulse waves 5 and […]
• CADCHF reversed from support area• Likely to rise to resistance level 0.7300 CADCHF continues to rise after the earlier reversal from the support area located between the key support level 0.7200, lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward wave 2 from December. The upward reversal from this support […]
The mood that will likely prevail in the financial markets at the beginning of next week will certainly depend on the outcome of the Russian-Ukrainian negotiations, which are taking place this weekend. The markets have been waiting for de-escalation, but it is difficult for the parties to give in – Ukraine still hopes for Western […]
Type: Bullish ContinuationKey Levels:Resistance: 793’6Pivot: 719’4Support: 659’0Preferred Case:On the H4 chart, price is near our pivot of 719’4 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 760’0 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how […]
Type: Bullish ContinuationKey Levels:Resistance: 1747’2Pivot: 1656’0Support: 1625’6Preferred Case:On the H4 chart, price is near our pivot of 1656’0 in line with horizontal overlap support and 38.2% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 1747’2 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement . Our bullish […]
GBPAUD SinksIt’s been another dramatic week for financial markets. As the Russian invasion of Ukraine continues and fighting intensifies, we’ve seen plenty of key moves across the board. In the FX space in particular this week, the biggest move and the one which is capturing the most attention from traders Is the more than 3% […]
Type: Bearish ReversalKey Levels:Resistance: 19.40Pivot: 18.99Support: 18.34Preferred Case:Prices are on bearish momentum. Prices might potentially move from pivot level of 18.99 in line with 100% Fibonacci projection and 50% Fibonacci retracement towards the 1st support level at 18.34 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is further supported by […]
Natural gas prices in Europe hubs renewed rally on Friday due to concerns about cold weather forecasts and continued uncertainty about Russian gas supplies to Europe in the light of military action in Ukraine.Meanwhile, the Ukrainian government’s ban on the export of gas stored in the country, including gas normally held by Western European operators, […]
Type: Bullish ContinuationKey Levels:Resistance: 1964.4Pivot: 1935.3Support: 1923.7Preferred Case:Prices are consolidating in a triangle pattern. We see the potential for further bullish continuation from our Pivot at 1935.3 in line 23.6% Fibonacci retracement towards our 1st resistance at 1964.4 in line with 78.6% Fibonacci Extension and 100% Fibonacci Extension. Our bullish bias is further supported by […]
GBPCAD Continues LowerThe downward trend in GBP this week has been most obvious against commodity currencies. With surging oil prices supporting CAD, and with the BOC kicking off its tightening operation this week, the GBPCAD short trade has continued develop with price now hitting the second target at 1.6853. With both MACD and RSI firmly […]