Market Analysis

Brent Brent quotes are in the overbought area on H4. The RSI has formed a divergence. As a result, in this situation a downward breakout of +1/8 (82.81) is expected, followed by a decline to the support level of 7/8 (79.69). The scenario can be cancelled by rising above the resistance at +2/8 (84.38), which […]

Upbeat surprises in US data released yesterday have bolstered the dollar’s position and led to rebound in Treasury yields with expectations regarding the Federal Reserve’s policy shifting towards another rate hike. The U.S. GDP growth for the second quarter (preliminary estimate) reached 2.4%, well above the forecast of 1.8%, indicating a substantial boost in the […]

Dow Stalls for Now The Dow Jones came under heavy selling pressure yesterday as the market tested key resistance at the 35503.24 level.  Prior to yesterday’s sell-off, the Dow had been on a strong winning streak following the breakout above the 34523.58 level earlier in the month. Shifting Fed expectations have helped drive demand for […]

EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.1030 is expected, followed by a decline to 1.0795. An additional signal confirming the decline will be a rebound from the lower boundary […]

EURUSD, “Euro vs US Dollar” EURUSD has reached the target of the first declining wave at 1.0950. Today a corrective wave might start. A consolidation range is currently forming at the lows around 1.0985. A link of growth to 1.1025 is expected, followed by a decline to 1.0985 (with a test from above). Next, an […]

TitleGBPUSD H4 | Bounce of support level? TypeBullish Bounce Preference: Price is currently at our pivot point of 1.27746 which is a pullback support level that aligns with 61.8% Fibo projection. A bounce off from here, price could push up to 1st resistance at 1.2948 which is an pullback resistance. Alternative scenario: However, if price […]

September Hike in Doubt EUR has come under heavy selling pressure on the back of yesterday’s ECB meeting. While the central bank hiked rates by a further .25% as expected, the tone of the meeting was far less hawkish than many were expecting. Lagarde seemed to downplay the likelihood of a further hike in September, […]

Meeting of the Federal Reserve became a catalyst for selling the dollar, with the U.S. currency index accelerating its decline to approach the 100.50 level after an initial negative reaction to the central bank’s decision. Stocks responded with gains despite the uncertain reaction of the U.S. market yesterday, during which the S&P 500 closed modestly […]

Oil Rallies on Weak USD Oil prices are climbing on Thursday following the July FOMC yesterday which has seen USD coming under fresh selling pressure. Crude futures are now trading back up towards the week’s highs, their highest level in 3 months, as a weaker Dollar drives demand for commodities. With the market no longer […]

The Australian dollar has stabilised against the US dollar. The current AUDUSD quote is 0.6804. The Aussie rebounded following the decision of the US Federal Reserve to raise the interest rate by 25 basis points to 5.5% per annum. The currency section did not receive a full range of positive signals; the US dollar declined […]

The major currency pair remains strong on Thursday. The current quote for EURUSD is 1.1110. The US Federal Reserve raised the interest rate by 25 basis points at its meeting yesterday, to 5.5% per annum – just as expected. Sentiment remained restrained. In its comments, the Fed noted that there is no expectation of an […]

  ECB on Watch On the back of the latest hike from the Fed yesterday, focus now shifts to the ECB today. As with the Fed, the ECB is widely expected to hike rates by a further .25% today and so the bigger focus will be on the guidance issued alongside the decision and whether […]