Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleAUDUSD H4 | Bearish reversal from 23.6% Fibo TypeBearish Reversal Preference: Price could approach the pivot point at 0.6668 and potentially reverse to drop to the 1st support at 0.65938. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance at 0.67178. To discuss this trading idea, head over to […]
EURUSD, “Euro vs US Dollar” EURUSD has left the borders of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0900 is expected, followed by a decline to 1.0660. An additional signal confirming the decline will be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern next to the support level on H4. The instrument could now go by the reversal signal in an ascending wave. The growth target might be the resistance level at 1.0950. However, the quotes could correct to the 1.0825 level and continue the uptrend […]
TitleNZDUSD H4 | Bearish reversal off pivot TypeBearish Reversal Preference: Price has reversed from the pivot point at 0.60948 to drop lower. Could momentum carry price down to its 1st support at 0.60354? Alternative scenario:If price were to move above the pivot point, it could reach the 1st resistance at 0.61253. To discuss this trading […]
Daily Technical Trade Setups #GBPUSD #EURUSD #DXY To access today’s actionable analysis, click here! Source: Tickmill
Daily Technical Trade Setups #BTCUSD #ETHUSD #XAUUSD To access today’s actionable analysis, click here! Source: Tickmill
Munnelly’s Market Commentary… Asian equity markets traded with mixed results as indecision prevailed heading towards the end of the month, quarter and half year. The performance followed a volatile session in the US, where global markets digested the recent central bank rhetoric from the Sintra Forum. Most central bankers, including Fed Chair Powell, signalled the […]
The price of Bitcoin keeps testing the resistance level of 31000; therefore, it might rebound and drop anytime soon. However, potential pennant formation on the chart might help Bitcoin break this pattern and the resistance through and hit the resistance level of 34330. In any case, Bitcoin is likely to either break the resistance level […]
Hawkish Fed Expectations Weighing on Metals Silver prices are sitting atop support at the 22.3205 level ahead of the final USD GDP number later today. The metal has come back under heavy selling pressure over the last two weeks amidst an uptick in hawkish Fed expectations. Despite the Fed holding rates unchanged in June, […]
The Australian dollar, paired with the US dollar, has reached its lowest level in four weeks. The current AUDUSD quote is 0.6606. The peak of the Aussie at 0.6900 is now a distant memory. The pause in AUD selling pressure may be due to the release of statistics from Australia. Fresh data demonstrate that May […]
The Japanese yen, paired with the US dollar, returned to weakening following a short pause. The current USDJPY quote is 144.45. The US dollar is edging closer to the 145-yen mark, which previously served as the basis for extensive currency interventions. They took place in September and October last year. However, these measures have not […]
The FTSE Finish Line – June 29 – 2023 FTSE Flounders As Investors Weigh Further Rate Rise Uncertainty On Thursday, the FTSE 100, the UK’s leading stock index, experienced slight losses of 0.30% as market participants grappled with uncertainty following the indications of additional policy tightening by top central bankers. The heads of the world’s […]