Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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On Wednesday, markets saw growing speculation that the Federal Reserve won’t be able to sustain high interest rates for an extended period. This is due to the recent surge in Treasury bond yields, especially the long-term ones, which inherently exerts a strong disinflationary effect. The Central Bank (CB) itself acknowledged this, and in a previous […]
TitleEURJPY H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 158.26 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 156.698 which is an overlap support level. Alternative scenario: If price breaks above […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0555 is expected, followed by a rise to 1.0750. An additional signal confirming the rise will be a rebound from the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3690. Next, the price might break the resistance and continue the uptrend. However, the quotes could correct to 1.3555 before rising. AUDUSD, […]
Daily Market Outlook, October 11, 2023 Munnelly’s Market Commentary… Asian equity markets followed the positive global sentiment driven by recent dovish comments from the Federal Reserve and optimism regarding potential stimulus measures in China. The Nikkei 225 gained, briefly surpassing the 32k handle. Hang Seng and Shanghai Comp. also traded higher, with expectations of increased […]
The price of BTC declined to 27,112 USD on Wednesday. From a fundamental standpoint, the market is still uneventful, with no indications about the progress of Bitcoin ETF application approvals. The first updates are expected next week, but there is no certainty that they will be positive. The cryptocurrency sector does not react to investors […]
The major currency pair remains in a neutral position as we approach midweek. The current EURUSD exchange rate stands at 1.0605. The primary currency pair is holding within a narrow range while the market is awaiting the release of the latest meeting minutes from the US Federal Reserve and the signals they may provide. In […]
TitleEURUSD H4 | Bearish reversal off pullback resistance TypeBearish Drop Preference: Price has reversed from a pullback resistance and we could see momentum carry price down to its 1st support at 1.04934 which is a pullback support level. The pivot point is at 1.06014. Alternative scenario:If price breaks above the pivot point, it could hit […]
TitleUSDJPY H4 | Rising into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 149.427 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 148.162 which is a pullback support level. Alternative scenario:If price breaks above the pivot […]
EURUSD, “Euro vs US Dollar” EURUSD has made a corrective movement to 1.0519. Today the market continues developing the rising movement to 1.0595. Next, a consolidation range could form around this level. With an escape upwards, the potential for a rising wave to 1.0670 might open. Next, a corrective link to 1.0595 is not excluded […]
The wave of risk aversion on Monday, following the tragic events in Israel, is gradually fading away. There appears to be a growing market consensus that the conflict will remain local, and third-party countries won’t get involved. The market’s reaction on Monday still lingers in the oil market; prices are hesitant to drop after surging […]
TitleBCOUSD H4 | Bullish bounce off 50% Fibo? TypeBullish Bounce Preference:Price is falling towards the pivot point of 87.034 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 90.134 which is a pullback […]