Market Analysis

TitleUS30USD H4 | Bullish bounce off pullback support TypeBullish Bounce Preference:Price is approaching our pivot point at 34254.15, which is a pull back support, we can expect a bullish bounce off the pivot point to the 1st resistance at 34563.3. Alternative scenario:If price breaks below the pivot point, there is a possibility for it to […]

Investors swiftly unwound their long positions on the dollar this week, driven by compelling signs of disinflation in the US in June. Market expectations regarding the Federal Reserve’s (Fed) policy for the remainder of the year have also changed significantly. The baseline scenario now anticipates only one rate hike instead of two, and the market […]

Risk Rally Helping Aussie The uptick in risk appetite this week linked to the reversal in Fed expectations has helped AUD rally sharply. With the market now anticipating that the Fed will shift into neutral mode on the back of a further rate hike this month, risk assets have been given a green light with […]

EURUSD Breaks Out EURUSD bulls remain firmly in the driving seat today with the pair seen extending gains on the back of yesterday’s rally. EURUSD broke out above the 1.1126 level yesterday which has been a major resistance level over the last year. Heavy bearishness in USD has fed nicely into fresh support for EUR. […]

The major currency pair still appears very strong by Friday. The current EURUSD quote is 1.1240. The euro has been rising for seven days straight. The most traded currency pair looks seriously overbought, but the bulls still have a lot of strength. The rally was mostly triggered by the US statistics: first on the employment […]

TitleGBPJPY H4 | Bearish reversal from 38.2% Fibo TypeBearish Reversal Preference: Price is rising towards the pivot point of 181.417 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 179.565 Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance at […]

TitleUSDJPY H4 | Bearish reversal from 38.2% Fibo TypeBearish Reversal Preference: Price could rise towards the pivot point of 138.744 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1737.242 Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 140.179 […]

Brent Brent quotes and the RSI have reached their corresponding overbought areas on H4. As a result, a test of 7/8 (79.69) is expected, followed by a breakout of the level and a decline to the support at 6/8 (78.12). The scenario can be cancelled by a rise above the resistance at +1/8 (82.81). In […]

The BTC quotes rose to 31,440 USD on Friday. The flagship cryptocurrency increased by 3.8% overnight, and the weekly surplus is estimated at 4.4%. A trigger for the move came from the outside: after the court acknowledged that the XRP was not a security, the token skyrocketed, pulling other digital assets upwards. This is the […]

TitleUSDCHF H4 | Bearish continuation towards 1st support before bouncing off TypeBearish continuation Preference:Price is approaching our pivot point at 0.8526, which is at the 100% fibo projection level. We can expect a bearish continuation towards the 1st support, before reversing to the upside. Alternative scenario:The 1st support lies at 0.8437, which is at the […]

BTC Testing Key Level Following a move up to their highest level this year yesterday, Bitcoin prices are today sitting right up against a major resistance level. Bulls are looking for a breakout here with a move north of the 32185 needed to signal the start of a fresh bull run. The crypto backdrop has […]

EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.1165 is expected, followed by a rise to 1.1365. An additional signal confirming the rise will be a rebound from the lower boundary of […]