Market Analysis

TitleEURGBP H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot point at 0.85543, the multi-swing-low support and it might continue to rise to 1st resistance at 0.86172, the overlap resistance level which aligns with the 32.2% Fibonacci retracement. Alternative scenario:It might reverse and the 1st support at 0.85294, the swing-low support. […]

EUR Traders Brace For ECB The Euro is looking a little soft as we kick off ECB week. The bank is widely expected to offer further pushback against those calling for near-term ECB rate-cuts. Towards the end of last year, the market moved to fully price in an ECB rate cut for April in line […]

Futures Action Areas For The Week Ahead #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis with action areas defined for the trading week ahead click here, please like & share! Source: Tickmill

EURUSD, “Euro vs US Dollar” EURUSD continues developing a correction. Today the price has reached the local target of this correction at 1.0908. A decline link to 1.0880 is expected, after which a new growth link to 1.0913 is expected. Once the correction is over, a new decline link to 1.0838 might start. GBPUSD, “Great […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of the 2/8 (1.0864) level is expected, followed by a price decline to the support at 1/8 (1.0803). The scenario might […]

TitleEURUSD H1 | Falling to support level? TypeBearish Drop Preference:Price is currently at the pivot point of 1.0994, an overlap resistance, A reverse from this point could cause the price to fall to 1st support at 1.0875. a multi-swing low support level. Alternative scenario:If price breaks above the pivot, it might rise to 1st resistance […]

BOJ in Focus for JPY The big focus across early European trading on Monday is the upcoming BOJ meeting due to take place overnight tonight. While the BOJ is not expected to make any changes to its current ultra-loose rates regime, action in the options market shows that there are plenty of defensive plays being […]

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0905 is expected, followed by a decline to 1.0775. The decline could be additionally supported […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be 1.3500. Next, the price could get the chance for a rebound from this level and further development of a downtrend. However, the […]

The Japanese yen, paired with the US dollar, has temporarily stopped to decline. The current USDJPY exchange rate stands at 148.04. The market is filled with uncertainty ahead of Tuesday’s Bank of Japan meeting. On the one hand, it is evident that the interest rate will remain negative – the assessment of inflation is still […]

The primary currency pair is strengthening on Monday. The current quote in EURUSD is 1.0904. The Federal Reserve currently resembles parents on a long journey with small children, constantly answering “Are we there yet?” This question pertains to the interest rate. Everyone expects the rate to change, but when exactly will it happen? Is it […]

TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34625 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35523 which is a pullback resistance level. Alternative scenario:If price […]