Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The British pound sterling paired with the US dollar appears stable. The current GBPUSD exchange rate stands at 1.2697. Last Friday, the UK provided updates on another estimate of the country’s Q3 GDP. The economy expanded by 0.3% y/y, marking twice as weak a result as expected. On a quarterly basis, the GDP decreased by […]
The main currency pair on Monday looks confident. The current EURUSD exchange rate stands at 1.1000. Practically, all the important statistics have already been published. The market has several details to wait for, but everything critical to happen in 2023 has happened. Friday reports from the US came out positive but there were several moments […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1039. A correction link to 1.0986 is expected today. After the correction is over, a new growth structure to 1.1080 might develop, followed by a decline to 1.0940. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a growth wave to 1.2743 […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are in the overbought area on H4. The RSI has rebounded from the resistance line. In this situation, a test of 0/8 (1.0986) is expected, followed by a breakout of this level and a decline to the support at 6/8 (1.0864). The scenario could be cancelled by rising […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0975 is expected, followed by a rise to 1.1175. An additional signal confirming the rise will be a rebound from the lower boundary of […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be the support at 1.0965. However, the price could rise to 1.1070 and extend the uptrend without testing the […]
The primary currency pair looks robust on Friday. The current EURUSD quote is 1.1000. The statistics released yesterday were not too favourable for the US, but they held their ground reasonably well. The second assessment of the US GDP for Q3 fell short of expectations. The economy expanded by just 4.9% y/y, compared to the […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1011. A consolidation range is expected to form around 1.1000 today. Extension of the range to 1.1015 is not excluded. Next, a decline link to 1.0972 might form (a test from below), followed by a rise to 1.1054. At this level, the potential […]
Brent Brent quotes are on the 200-day Moving Average on H4, which points on the lack of any trend. The RSI has rebounded from the support line. The RSI has rebounded from the support line. In this situation, a further rise to the nearest resistance level of 4/8 (81.25) is expected. The scenario could be […]
The US dollar found itself on the back foot Thursday after a mixed bag of economic releases, including a downward revision to the third-quarter GDP growth estimate from 5.2% to 4.9%. The GDP Price Index also saw a downward adjustment, from 3.5% to 3.3%, indicating a smaller inflationary impact on growth than initially anticipated. While […]
TitleAUDUSD H4 | Bullish bounce TypeBullish Bounce Preference:AUDUSD has bounced off the pivot at 0.67234, overlap support, which also aligns with the 23.6% Fibonacci retracement level. Price could rise to 1st resistance at 0.68127, swing-high resistance level. Alternative scenario:Price could pull back and reverse to the 1st support at 0.66758, the overlap support from the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is rebounding from the lower boundary of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.8585 is expected, followed by a decline to 0.8475. An additional signal confirming the decline will be a rebound […]