Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.1425. Possibly, today the pair may grow towards 1.1435 and then fall with the short-term target at 1.1386. Later, the market may correct to test 1.1420 from below and then resume trading downwards to break 1.1380. After that, the instrument may continue falling to reach […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1420; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1370 and then resume moving upwards to reach 1.1565. Another signal in favour of a further uptrend will be a […]
On Wednesday, sellers in the sovereign debt markets take profits before release of the key inflation data point for the market (US CPI), yields pulled back from key resistance levels (2% on 10-year Treasuries, 0.25% on German Bunds). Another driver of the rally could be acknowledgment that there was an overreaction to the ECB and […]
NZDJPY On Watch NZDJPY is worth keeping an eye on here. The reversal off the move sub 75.92 is starting to gather momentum and price is fast approaching the bear trend line from 2021 highs and the 77.34 level resistance. With the retail market heavily short the pair and RBNZ rate-hike expectations surging in the […]
• AUDUSD broke resistance level 0.715 • Likely to rise to resistance level 0.7300 AUDUSD currency pair recently broke the key resistance level 0.715 (former strong support from the start of Januarys). The breakout of the resistance level 0.715 coincided with the breakout of the 50% Fibonacci correction of the previous sharp impulse wave 1. […]
AUDUSD is keeping its positive momentum. The Australian Dollar is growing against the USD on Wednesday. The current quote for the instrument is 0.7162. At the moment, the Aussie is quite strong but only because the USD is weak. This week, Australia released some macroeconomic reports. For example, the NAB Business Confidence showed 3 […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, the rising wave, which is heading towards the local high at 1.3749, is slowing down. After breaking the high, the asset may reach the key resistance at 1.3834. However, there is an alternative scenario suggesting that the asset may resume […]
Type: Bearish ReversalKey Levels:Resistance: 35698Pivot: 35146Support: 34402Preferred Case:With price moving within the descending channel and the conversion line crossing the base line on the Ichimoku indicator, we are bias that price will drop from our pivot of 35146 in line with the horizontal swing high resistance and 38.2% Fibonacci retracement to 1st support at 34402 […]
Type: Bearish ReversalKey Levels:Resistance: 0.71767Pivot: 0.71402Support: 0.69861Preferred Case:Price breakout of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to push higher up from the pivot level in line with 23.6% Fibonacci retracement towards 1st Resistance in line with 50% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hanging Man reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside target may be at 1.1370. However, an alternative scenario implies […]
Type: Bullish ContinuationKey Levels:Resistance: 127″14″0Pivot: 126″31″0Support: 126’16’0Preferred Case:Price is trading in a descending channel and is at support of the descending channel. Our pivot is placed at 126″31″0 in line with 23.6% Fibonacci retracement. Price can potentially break this key level and go to the resistance level of 127’14’0 which is in line with 78.6% […]
Type: Bearish ReversalKey Levels:Resistance: 1837.7Pivot: 1826.6Support: 1809.5Preferred Case:Prices are at pivot. We see the potential for a dip from our Pivot at 1826.6 in line with 127.2% Fibonacci extension, 61.8% Fibonacci extension and 61.8% Fibonacci retracement towards our 1st support at 1809.5 in line with 38.2% Fibonacci retracement and graphical overlap. Our bearish bias is […]