Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• EURNZD broke daily up channel • Likely to fall to support level 1.6800 EURNZD currency pair recently broke the round support level 1.700, intersecting with the support trendline of the daily up channel from last November. The breakout of the support level 1.700 accelerated the active minor impulse wave (i) – which belongs to […]
• WTI broke round support level 90.00 • Likely to fall to support level 86.00 WTI crude oil recently broke the round support level 90.00, intersecting with the support trendline of the daily up channel from December and the 38.2% Fibonacci correction of the previous upward impulse from January. The breakout of the support level […]
The BTC dropped 7% over the last 24 hours due to huge sales on the US stock market; there is a direct correlation between NASDAQ and the BTC. So, NASDAQ is currently dominated by bears. The BTC capitalisation dropped to $770 billion with a daily turnover of about $22 billion. The crypto market does have […]
The statistics help GBPUSD to keep its positive momentum. The British Pound continues rising against the USD on Friday. The current quote for the instrument is 1.3622. The statistics published earlier today showed that Retail Sales in the United Kingdom added 1.9% m/m in January after losing 4.0% m/m in the previous month and […]
Gold Prices on The UpIt’s been an interesting week for traders with plenty of notable action. We’ve seen some key developments in the fundamental space with better-than-expected US CPI and retail sales along with developments in the Russia/Ukraine situation. Indeed, its been the latter which seems to have attracted the most focus this week and, […]
Type: Bearish ContinuationKey Levels:Resistance: 153’14Pivot: 152’14Support: 150’13Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 152’14 in line with the 61.8% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 150’13 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price could […]
Yields drop on Ukraine concerns, weaker U.S. data Yields fell on Thursday, owing to fears of a Russian invasion of Ukraine and weaker-than-expected economic statistics from the United States. Treasuries have been trapped in a tug of war, with rates rising on expectations of aggressive Fed tightening, while news of escalation between Russia and Ukraine […]
Forecasts indicate that the demand for electricity in Sweden will grow in the coming years; So the government is building a fleet of offshore wind farms to meet its needs. In this context, the government is seeking to develop the offshore wind sector in Sweden to produce 120 TWh of electricity annually. The government revealed […]
Retail Sales Surge Higher in January US retail sales yesterday confirmed the health of the US economy over January. On the back of a bumper set of US labour reports and stronger-than-expected CPI, there was plenty of attention on yesterday’s retail sales release. The report showed that consumer activity jumped 3.8%, up from -2.5% in […]
Type: Bullish ContinuationKey levels:Resistance: 1920.2Pivot: 1920.2Support: 1854.3Preferred Case:Prices have recently broken out of our daily descending trendline and has experienced a trendline breakout. We see the potential for further bullish continuation from our Pivot at 1880.2 in line with 61.8% Fibonacci extension towards our 1st resistance at 1920.2 in line with 127.2% Fibonacci extension. Prices […]
• Gold broke key resistance level 1875.00 • Likely to rise to resistance level 1920.00 Gold continues to rise after the earlier breakout of the key resistance level 1875.00, which was set as the likely upward target in earlier forecast of this instrument. The breakout of the resistance level 1875.00 should accelerate the active short-term […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after rebounding from the “overbought area”, USDCHF is trading below 7/8. In this case, the price is expected to continue falling to reach the support at 5/8. However, this scenario may be cancelled if the price breaks 8/8 to the upside. After that, the instrument […]