Market Analysis

BTC Volatility Following a volatile start to the week, Bitcoin has managed to rally across the last few days and is on course to end the week more than 10% higher. On Monday, Bitcoin prices saw explosive movement around a (later retracted) tweet from CoinTelegraph claiming that the BlackRock BTC ETF had been approved by […]

Currency markets saw a slight bearish tilt in Powell’s remarks on Thursday, causing some weakening in the dollar’s support. The dollar index dipped below the 106 level post-speech, but it failed to elicit significant interest from sellers. As a result, the price stabilized on Friday, trading above 106 points. Since the end of last week, […]

Retail Sales Drop in September Following a disappointing CPI reading earlier in the week, the latest data out of the UK today made for further grim reading. UK retail sales were seen falling 0.9% in September, down from 0.4% in August and below the -0.3% the market was looking for. The ONS cited the unseasonably […]

EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, completing a new wave of correction to 1.0650. A structure of decline to 1.0530 is forming today. After the price reaches this level, a link of growth to 1.0577 is not excluded (with a test from below). Next, a decline to 1.0520 might […]

Brent Brent quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 7/8 (92.18), subsequently reaching the resistance at 8/8 (93.75). The scenario can be cancelled by a downward breakout of the […]

Yields on Treasury bonds have revisited recent local highs, compelling equity investors to reassess their discounted cash flow stock valuations. The yield on the 10-year bond touched 4.99% on Thursday, while the 2-year bond yield advanced to 5.25%. The market capitalization of major U.S. stock indices dipped by 1-1.5% yesterday, and today, there’s cautious growth. […]

TitleUS30USD H4 | Bearish reaction off pivot? TypeBearish Reversal Preference: Price has broken through an overlap support previously, becoming an overlap resistance, and could possibly retest it now. Our pivot point is at 33454.9, which is the overlap resistance level. If price rejects this overlap resistance level and closes below, then price could possibly fall […]

EURUSD, “Euro vs US Dollar” EURUSD has secured under the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1.0550 is expected, followed by a rise to 1.0675. An additional signal confirming the rise will be a […]

EURUSD, ‘Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be the support at 1.0500. However, the price could correct to 1.0610 and continue the downtrend after the correction to […]

Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session CLICK HERE! Source: Tickmill

TitleEURGBP H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 0.8729, which is an overlap resistance, aligning with the 61.8% and 100% fibo projection. Based on Elliot Wave structure that has been plotted out, we have projected the final wave, wave 5 to have its last […]

The primary currency pair exceeded the previous day’s levels on Friday. The current EURUSD exchange rate stands at 1.0575. The US released data for existing homes in September, which dropped to 3.96 million from 4.04 million previously. The forecast was, however, even more pessimistic, suggesting a decrease to 3.89 million homes due to high borrowing […]