Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleUS30USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price is approaching our pivot point at 34693.12, which is an overlap support level, aligning with the 38.2% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 35048.11, which is an overlap resistance level. Alternative scenario:If […]
The Australian dollar paired with the US dollar is losing weight on Tuesday. The current AUDUSD exchange rate stands at 0.6424. The Reserve Bank of Australia, in its recent meeting, kept the interest rate unchanged at 4.1% per annum. This is the third consecutive meeting where the rate has remained stable. Markets are confident that […]
The major currency pair appears weak today, Tuesday, just as it did yesterday. The current EURUSD exchange rate stands at 1.0792. The week started quietly, as US exchanges were not trading due to the Labor Day holiday. The macroeconomic calendar did not feature a lot of economic data. In September, the Sentix Investor Confidence Index […]
TitleEURUSD H4 | Bouncing off the support level? TypeBearish Breakout Preference: The price is falling toward our pivot point of 1.07438, which serves as an overlap support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.08012, a swing-high resistance level Alternative scenario:However, if the price breaks […]
DXY on The March The US Dollar is seeing a wave of fresh demand this week as safe-haven demand supports the greenback. The heavy miss on the Chinese Caixin services PMI overnight has fuelled fresh concern for the health of the Chinese economy. With recent support measures failing to inspire confidence, concerns over Chinese economic […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective movement to 1.0808. Today the market is forming a consolidation range under this level. With an escape from the range upwards, a link of growth to 1.0840 is not excluded. With an escape downwards, the potential for a wave to 1.0740 could open, from where […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a downward breakout of 1/8 (0.6408) is expected, followed by a decline to the support level of 0/8 (0.6347). The scenario can be […]
TitleXAUUSD H4 | Potential Bullish reversal? TypeBullish Bounce Preference:The price is declining towards our pivot point at 1931.886, which aligns with a 127.2 Fibonacci extension and 78.6% Fibonacci projection. A bounce from this level could lead the price to rally toward the 1st resistance at 1943.251 Alternative scenario: However, if the price breaks below the […]
TitleEURJPY H4 | Bearish reaction off 50% fibo? TypeBearish Reversal Preference: Price is currently reacting off the 50% fibo, which is at our pivot point at 158.43. If price manages to react bearishly off this pullback resistance level, then price could fall to the 1st support at 157.06, which is a multi-swing low support level. […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0815 is expected, followed by a decline to 1.0665. An additional signal confirming the decline will be a rebound from the lower boundary of 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 might be 1.3670. Next, the price could break the resistance and continue the uptrend. However, a correction to 1.3570 before the rise is not […]
TitleEURJPY H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: After forming a double bottom, price is rising towards our pivot point at 158.9, which is a potential pullback resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect a bearish reversal from the pivot point, for price to […]