Market Analysis

TitleNZDUSD H4 | Approaching Fibo resistance confluence TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.59508 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and the 100.0% Fibonacci projection levels and could potentially reverse from here; we could see momentum carry price down to its 1st support at […]

EURUSD, “Euro vs US Dollar” EURUSD completed correction and went on developing its wave of decline. By now, it has performed a link of decline to 1.0633. Today the market is forming a consolidation range above this level. The range is expected to extend to 1.0655 (with a test from below). Next, a decline to […]

Brent Brent crude oil quotes and the RSI on H4 are in their respective overbought areas. In this situation, a downward breakout of 8/8 (93.75) is expected, followed by a decline to the support at 6/8 (90.62). The scenario can be cancelled by an upward breakout of +1/8 (95.31). In this case, the quotes could […]

TitleAUDUSD H4 | Rising into Fibo confluence TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.64886 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and 127.2% Fibonacci projection levels and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64105 […]

ECB Signals End to Tightening EUR came under heavy selling pressure yesterday, despite hiking rates by a further .25%. The majority of market players had been anticipating a pause from the ECB, making the hike something of an outlier. Despite the further .25% increase, the bank gave a firm signal that this should be the […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting after a strong decline. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.0680 is expected, followed by a decline to 1.0565. An additional signal confirming the decline will be a rebound from the upper boundary […]

XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1930.00. Upon testing the resistance, the price could break it and continue the uptrend. However, the quotes might pull back […]

TitleXAUUSD H4 | Reacting off 50% Fibo? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 1915.48, which serves as an overlap resistance level that aligns with a 50% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 1903.843, a support level. Alternative scenario:However, […]

Testing Key Area EURAUD is at a crossroads here on the back of the sell off from YTD highs. The market has corrected around 3.5% lower from those 1.74 area highs and is now testing the bull channel lows. EUR has come under heavy selling pressure over recent weeks as a shift in ECB expectations […]

TitleUSDCAD H4 | Falling to overlap support TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.35019 which is an overlap support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35937 which is an overlap resistance level. Alternative scenario:If price breaks below the […]

Consumer inflation in the United States in August came in slightly above expectations, as indicated by the report released on Wednesday. Core inflation, which excludes items or services with volatile prices, reached 0.3% for the month. While the deviation from the forecast (0.2% MoM) is not significant, it is likely enough to prompt the Federal […]

The Japanese yen paired with the US dollar is retreating again. The current USDJPY exchange rate stands at 147.14. The yen is once again hovering near ten-month lows as investors re-evaluate the BoJ’s monetary policy outlook following comments made by the central bank’s governor. Earlier, Kazuo Ueda mentioned that the central bank might end its […]