Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Type: Bearish ContinuationKey Levels:Resistance: 154’04Pivot: 153’15Support: 151’04Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 153’15 in line with the 50% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 151’04 in line with the horizontal swing low support and 78.6% Fibonacci […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, the asset is quickly correcting to the upside after convergence on MACD. After reaching and testing 23.6% fibo, the pair has started a slight pullback within this correctional uptrend. After this pullback is over, the price may form another rising impulse towards […]
EURUSD, “Euro vs US Dollar” Having completed another descending structure at 1.1280, EURUSD is expected to grow towards 1.1334 and then fall to reach 1.1307, thus forming a new consolidation range between the two latter levels. If the price breaks the range to the upside, the market may form one more ascending structure with the […]
Oil prices deepened their losses by about 3.5% during trading on Tuesday, with Brent crude falling below $ 93 a barrel, with signs of easing geopolitical tensions between Russia and Ukraine. The Russian Defense Ministry announced the return of some of its forces to their bases after carrying out exercises in the southern and western […]
Type: Bearish ReversalKey Levels:Resistance: 1889.8Pivot: 1880.5Support: 1853.4Preferred Case:Prices are at a recent high and also a strong graphical resistance. We see the potential bearish reversal from our Pivot at 1876.7 in line with 100% Fibonacci extension towards our area of 1st support at 1853.4 in line with 127.2% Fibonacci Projection and 23.6% Fibonacci retracement. Our […]
CitiEuropean OpenA relatively quiet morning in Asia that saw DXY slightly lower after continuing its grind higher post the European close. UST yields were down in Asian trading by a tad as well, following yesterday’s spike in yields following Bullard’s comments yesterday. G10 currencies were stronger against the dollar generally, while equity markets remained volatile. […]
• GER50 reversed from support zone • Likely to rise to resistance level 34000.00 GER50 index recently reversed up from the support zone located between the key support level 32120.00 (which stopped wave (C) in January) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Hammer reversal signal […]
• NZDCHF reversed from support zone • Likely to fall to resistance level 0.6200 NZDCHF currency pair recently reversed up from the support zone located between the key support level 0.6100 (which has been reversing the pair from the start of January) and the lower daily Bollinger Band. The upward reversal from this support zone […]
The British Pound is getting stronger in response to good labour market data. The British Pound is back to rising against the USD on Tuesday. The current quote for the instrument is 1.3547. Earlier today, the United Kingdom released a lot of numbers on its labour market. For example, the Unemployment Rate in December […]
USDJPY is rising on Tuesday; the asset is more volatile than usual. The Japanese yen is falling against the USD on Tuesday. The current quote for the instrument is 115,61. The pair has been more volatile than usual recently. The reason for this is a constant revaluation of external risks. According to the data published […]
Risk assets are climbing today on tentative optimism over Russia/Ukraine tensions. Reports that Ukraine is seeking emergency talks with Russia, alongside claims that Russia is still open to a diplomatic resolution, have raised hopes that a military conflict can be avoided. These hopes have been further strengthened by Russian headlines citing the return of some […]
Equities On The Up Over Russia-Ukraine HopesIt’s been a better start to the week for benchmark global equities indices with risk sentiment rebounding amidst hopes for diplomacy between Russia and Ukraine. Markets have been rattled recently by news of the ongoing build up of Russian forces on the border with Ukraine, along with a dizzying […]