Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Reports of ceasefire violations in the disputed territories of Ukraine and the lack of reliable data that Moscow has withdrawn troops from the border does not fully eliminate the geopolitical premium in risk assets and apparently offers some support for the dollar and defensive assets. A quick diplomatic resolution to tensions now looks unlikely, adding […]
Dropbox Earnings Up NextUS tech company Dropbox is due to report earnings later today. The company’s shares have been languishing over recent months, following the decline seen across November/December last year. Price has been stuck in a tight block of consolidation between the 22.75 level and 25.46 level, underpinned also by the near channel low. […]
• Citibank falling inside impulse wave 3 • Likely to reach support level 64.68 Citibank continues to fall inside the impulse wave 3, which started earlier from the key resistance level 68.00 (which has been reversing the price from November), intersecting with the 50% Fibonacci correction of the previous downtrend from June. The active impulse […]
• EURGBP broke support level 0.8350 • Likely to fall to support level 0.8285 EURGBP currency pair recently broke the key support level 0.8350 (low of the previous wave A), intersecting with the 61.8% Fibonacci correction of the previous wave (1). The breakout of the resistance level 0.8350 should accelerate the active short-term ABC correction […]
The major currency pair is falling a bit on Thursday after rising the day before. EURUSD is slightly retreating on Thursday after adding some weight in the middle of the week. The current quote for the instrument is 1.1360. The Retail Sales in the US added 3.8% m/m in January after losing 2.5% m/m […]
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1394 along with the descending structure towards 1.1324, EURUSD is expected to consolidate between these two levels. If the price breaks this range to the downside, the market may continue the correction to reach 1.1255; if to the upside – resume trading within the […]
Type: Bearish ReversalKey Levels:Resistance: 2.05483Pivot: 2.04976Support: 2.03089Preferred Case:Prices have recently broke of our ascending trendline. We see the potential for further bearish drop from our Pivot at 2.04976 in line with 78.6% Fibonacci retracement towards our Take Profit at 1st support at 2.03089 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. RSI is […]
Type: Bullish BounceKey Levels:Resistance: 3412Pivot: 3041Support: 2837Preferred Case:Price is expected to bounce off the Ichimoku support and horizontal overlap support at our pivot of 3041. We are biased that price will rise to 1st resistance at 3412 in line with the 127.2% Fibonacci extension level and horizontal swing high resistance.Alternative Scenario:Alternatively, price may break pivot […]
Brent As we can see in the H4 chart, divergence on MACD made the asset start a new correctional decline after entering the post-correctional extension area between 138.2% and 161.8% fibo at 94.54 and 99.43 respectively. A breakout of the key support at 65.89 will lead to a reversal of the long-term tendency. The H1 […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1355; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1375 and then resume moving downwards to reach 1.1185. Another signal in favour of a further downtrend will be […]
Pound On The RiseGBP has seen better buying across the European morning on Wednesday in response to the latest CPI data out of the UK. The Office for National Statistics released its January inflation report, showing that consume prices were firmly higher once again last month. The headline CPI reading was seen at 5.5% on […]
CitiEuropean OpenThe risk rally from the NY session paused as markets assessed the state of play. G10 FX sat in a tight range while UST yields were down, led by the front end as we wait for FOMC minutes today. Overnight, the nominations for Biden’s Fed nominees faced resistance in the Senate and Bloomberg reported […]