Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Let’s Try That AgainGBPJPY is back in my sights again this week. I was last looking at it during the block of consolidation which formed ahead of 157.88, looking for a breakout. However, price ultimately resolved lower from that area. Following a rebound off the 153.39 level, we are now turning higher once again and […]
Equities Fighting To Recover LossesIt’s been a mixed start to the week for global equities indices as most of the benchmarks tracked here continue to fight to reclaim the recent losses seen. Uncertainty over the potential for war between Russia and Ukraine, as well as concerns over the hawkish shift seen across G10 central banks, […]
E-Mini NASDAQ 100 (NQ1!) H4, Potential Bullish Bounce Type : Bullish bounce Resistance: 128″07″0 Support : 126″24″5 Pivot : 127″04″0 Preferred Case: With price moving above the ichimoku cloud, we are biased that price will rise from our 1st support at 14493 in line with the horizontal overlap support and 50% Fibonacci retracement to 1st […]
10 Year T-bond (ZN1!), H4 | Potential Bullish ReversalIdea: Potential Bullish Reversal Resistance: 128″06″0 Support : 126″23″5 Pivot : 127″02″0Preferred Scenario: Price is trading in a descending channel has recently bounce from key support level. Price can potentially continue its bullish momentum from our pivot of 127″02″0 in line with 78.6% Fibonacci extension and 23.6% […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 4/8 and then continue growing to reach the resistance at 5/8. Still, this scenario may no […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Harami, close to the resistance level, USDCAD is reversing and may form a new descending impulse. In this case, the downside target may be the support area at 1.2670. However, an alternative scenario implies that […]
Alibaba Earnings In FocusChinese tech behemoth Alibaba is due to report earnings today for the 4th quarter and there is a great deal of focus on how the company’s share price will respond. Alibaba has been trading in a well defined bear channel since the 2020 highs recorded during the height of the pandemic. Since […]
EURAUD Breakout UnderwayThe recent breakout trade in EURAUD issued last week has now hit its target at 1.6163 following a sharp move higher across recent days. EUR has seen a stark shift in sentiment following a hawkish surprise at the February ECB meeting last week which saw ECB governor Lagarde altering her language around rate […]
• Chevron broke long-term resistance level 133.20 • Likely to rise to resistance level 140.00 Chevron continues to rise strongly after the earlier breakout of the long-term resistance level 133.20 (previous yearly high from the start of 2018). The breakout of the resistance level 133.20 coincided with the breakout of the resistance trendline of the […]
• EURCAD reversed from resistance level 1.4645 • Likely to fall to support level 1.4400 EURCAD currency pair recently reversed down strongly from the key resistance level 1.4645 (which has been reversing the price from May of 2021). The resistance zone near the resistance level 1.4645 was strengthened by the upper daily Bollinger Band. EURCAD […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave along with the correction, EURUSD has formed a new consolidation range near the highs. Possibly, today the pair may break the range to the downside and correct towards 1.1366. Later, the market may resume trading upwards with the target at 1.1427. GBPUSD, “Great Britain Pound […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9252; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9230 and then resume moving upwards to reach 0.9410. Another signal in favour of a further uptrend will […]