Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The dollar index continues its search for lows this week; however, seller activity has diminished as the market overall remains relaxed, given that this week marks Thanksgiving in the United States: It is worth noting that the price has dropped below all three key moving averages (50, 100 and 200-day), increasing the likelihood of a […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. However, a divergence has formed on the RSI. As a result, a test of 4/8 (0.6591) is expected, followed by a rebound from this level and a decline to the support at […]
EURUSD, “Euro vs US Dollar” EURUSD has practically exhausted the potential for a growth wave at the 1.0964 level. A new consolidation range is expected to form around this level. With an escape from the range downwards, a decline wave to 1.0894 is expected to form. With a breakout of this level as well, the […]
TitleGBPJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is falling to our pivot point at 184.25, which is a pullback support level. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 185.57, which is an overlap resistance level. Alternative scenario:If price breaks below the pivot […]
BTC Holds Near Highs Bitcoin futures continue to consolidate near recent highs on Tuesday. Following a strong rally across mid October – mid November, bullish momentum has faded a little with prices getting held up around the 37030 level. However, dips have been firmly bid and the market remains around that level currently, suggesting that […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star 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 1.0910. However, the price could rise to 1.1000 and extend the uptrend without testing the […]
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0895 is expected, followed by a rise to 1.1115. An additional signal confirming the rise will be a rebound from the lower boundary of […]
TitleDE30EUR H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could fall to our pivot point at 15864.2, which is an overlap support level. Price could potentially continue its bullish momentum and bounce off the pivot point, to rise towards the 1st resistance at 15983.3, which is a swing high resistance level. Alternative scenario: […]
Copper Breaking Higher Just a few weeks ago, copper prices were turning lower from a key resistance level and the market looked like it was heading for a fresh test of the YTD lows. Since then, copper prices have undergone a solid rebound and are now trading almost 7% higher, currently around fresh 2-month highs. […]
On Tuesday, the primary currency pair is reaching new local peaks. The current EURUSD exchange rate stands at 1.0960. The catalyst remains the same – investors remain confident that the US Federal Reserve’s interest rate has reached its peak. Earlier, the market received confirming evidence from weak macroeconomic statistics. With no new statistics released, investors […]
The British pound sterling, paired with the US dollar, is actively appreciating. The current GBPUSD exchange rate stands at 1.2532. On one hand, the GBP is supported by a weak US dollar and swiftly regains its position. On the other hand, domestic news is also providing certain support. UK Prime Minister Rishi Sunak has announced […]
Daily Market Outlook, November 21, 2023 Munnelly’s Market Commentary… Asia – In the Asia-Pacific region, most stock markets experienced gains driven by positive movements in US tech stocks, notably Microsoft, which reached a record high. Chinese markets found support from the property sector, while the ASX 200 benefitted from strength in the mining and materials […]