Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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During Thursday’s European trading session, the Pound Sterling displayed a cautious performance against the US Dollar, showing modest declines as market attention remained fixed on the eagerly awaited release of the United States core Personal Consumption Expenditure Price Index (PCE) for January. Investors are eagerly awaiting this crucial data, as it plays a significant role […]
TitleUSDJPY H4 | Bearish Breakout TypeBearish Drop Preference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to 1st support at 148.77, a pullback support level Alternative scenario:If the price bounces the pivot, it could rise to 1st resistance at […]
EURUSD, “Euro vs US Dollar” The EURUSD pair corrected to 1.0886, and today the first structure of the fifth decline wave to 1.0570 is already developing. The target of the first structure is 1.0730. Once this level is reached, the quotes could correct to 1.0807 (testing from below). Next, a decline to 1.0650 might follow. […]
The British pound sterling, paired with the US dollar, stopped falling. The current GBPUSD exchange rate stands at 1.2626. Over the month, GBP experienced a slight decrease against the US dollar, just by 0.26%. Following the January rise, this news is considered neutral. There were almost no domestic UK statistics this week; hence, GBP investors […]
TitleResistance Overhead TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.65243 which is an overlap resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64876 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could hit […]
In the aftermath of the second US Gross Domestic Product (GDP) reading, the US Dollar (USD) finds itself off its intraday high, grappling with the nuanced implications of the unveiled data. While the headline GDP figure exhibited resilience, coming in just 0.1% softer than anticipated, concerns have been ignited by the performance of the Personal […]
TitleEURUSD H4 | Bullish Rise TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.0782, a pullback support level. A reverse from this level could lead the price to rise to 1st resistance at 1.0829, a pullback resistance Alternative scenario:If the price breaks below the pivot, it could fall to 1st support at 1.0741. […]
TitlePotential Bullish Bounce of 50% Fibonacci Support TypeBullish Bounce Preference:Price could towards the pivot point of 1.35484 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35795 which is a pullback resistance level. Alternative […]
TitleApproaching Pullback Resistance TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.65234 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64909 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could […]
TitleEURUSD H4 | Potential bearish reversal TypeBearish Drop Preference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to fall to 1st support at 1.0795, an overlap support level, above the 50% Fibo retracement Alternative scenario:If the price breaks above the pivot, it […]
The Japanese yen, paired with the US dollar, has reversed course and is now strengthening. The current USDJPY exchange rate stands at 149.80. Bank of Japan board member Hajime Takata urged the central bank to start discussing the potential end of its ultra-loose monetary policy. He emphasised the importance of considering all scenarios, including negative […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 8/8 (0.8789) level, escaping the overbought area on H4. The RSI is testing the support line. In this situation, a further decline to the support at 6/8 (0.8667) is expected. The scenario could be cancelled by rising above the resistance at +1/8 (0.8850), in […]