Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleEURUSD H4 | React off resistance level? TypeBearish Reversal Preference: price is approaching our pivot point of 1.09574 which is an overlap support level that aligns with 50% Fibo retracement. A reverse from here, price could fall to1st support level at 1.09192 which is an overlap support level. Alternative scenario:However, if price breaks above the […]
Brent Brent quotes are hovering above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has broken the resistance line. As a result, in this situation, the price is expected to grow further to the nearest resistance at 4/8 (87.50). The scenario can be cancelled by a downward breakout of the support […]
TitleNZDUD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is approaching our pivot point at 0.6064, which is at a multi-swing low support level. If price bounces off the pivot point, we can expect to see price rise to the 1st resistance at 0.6131, which is at a 50% fibo retracement and 78.6% fibo […]
Smaller Hike for Now Despite chatter around a possible .5% rate hike yesterday, in the end the BOE opted for a smaller .25% hike. The BOE cited the recent inflation drop as the key driver behind the decision to hike by the smaller amount, though did leave the door open to further tightening if needed. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to the 1.0917 level. Today the market is forming a consolidation range above this level. Growth could follow with the range extending to the 1.0964 level. An upward breakout of this range will open the potential for a correction to 1.0997. With a […]
XAUUSD, “Gold vs US Dollar” Gold has formed a 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 1955.00. Upon testing the resistance, the price might break it and continue the uptrend. However, the quotes could pull back to […]
TitleAUDUSD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is currently fluctuating between the 1st resistance and our pivot point. However, due to strong bearish momentum, we can expect price to reach our pivot point at 0.6515, and a bullish bounce to the 1st resistance at 0.6597. The 1st resistance is a pullback resistance […]
Coinbase Beats Q2 Forecasts Shares in crypto broker Coinbase are trading higher ahead of the open today on the back of better-than-forecast Q2 results yesterday. The company has come under a lot of pressure recently amidst the ongoing SEC action against the company, as well as market speculation regarding the health and future of the […]
TitleXAUUSD H4 | Bounce off major pullback support level? TypeBullish Bounce Preference:Price is approaching our pivot point at 1929.28. This pivot point is curcial, as it has just tapped the 27.2% fibo expansion, and possibly drop further to the 61.8% fibo retracement and 78.6% fibo projection major support level. We could see price rise to […]
TitleGBPUSD H4 | Bullish bounce off pivot point? TypeBullish Bounce Preference:Price is approaching our pivot point at 1.2677, which is an overlap support level, right above the 100% fibo projection. Price could bounce off this overlap support and rise to the 1st resistance at 1.2752, which is at the 38.2% fibo retracement level. Alternative scenario:If […]
TitleUSDCAD H4 | Running into resistance? TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.33867 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.33019 which is a pullback support. Alternative scenario: If price breaks above the pivot […]
The FTSE Finish Line – August 3 – 2023 FTSE BoE & BT Sour Sentiment The FTSE 100 index faced further downward pressure due to the decline of two prominent companies on Thursday. Telecom firm BT Group and consumer staples major Unilever both fell, with their shares trading ex-dividend. BT Group’s stock dropped by 5.5%, […]