Market Analysis

TitleGBPJPY week | Potential bearish reversal TypeBullish Bounce Preference: Price is currently at our pivot point of 180.581 which aligns with a 78.6% Fibo retracement. A reverse from here, price could fall to 1st support at 171.87 which is a pullback support level.  Alternative scenario:However, if price breaks above the pivot, it could rally to […]

EURUSD, “Euro vs US Dollar” EURUSD has secured above the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0895 is expected, followed by a rise to 1.1035. An additional signal confirming the rise will be a rebound from […]

EURUSD, “Euro vs US Dollar” The currency pair failed to break the level of 1.0800 downwards. The market got support at this level and started developing a new wave of growth to 1.0990. Today a rise to 1.0960 looks possible, followed by a decline to 1.0900. Next, an increase to 1.1000 is expected, from where […]

ECB Up Next Following on from the Fed yesterday, focus today turns to the ECB. In line with previous signalling and recent commentary, the bank is widely expected to press ahead with a further .25% rate hike. As such, the bigger focus will be on the guidance the bank issues and how it signals the […]

Factory Output Falls The latest data out of China overnight has given more cause for concern over the health of the world’s second largest economy. Industrial production was seen rising just 3.5% last month, down sharply from the 5.6% output seen over the prior month. This marks the slowest level of factory output since February […]

American stock index S&P 500 has closely approached the broken uptrend; therefore, it might potentially undergo correction soon. The asset’s price is likely to drop and target the level of 4195. So, let’s observe what might happen. Bitcoin has been moving along the supporting level of 25200 for many days in a row, trying to […]

The two-week consolidation period of gold price around $1950 has ended with a breakdown below the lower bound of the main ascending channel: The risk is increasing that sellers will temporarily seize the initiative, as buyers have lost their main stronghold in the form of the ascending corridor that started back in October 2022. From […]

The Japanese yen paired with the US dollar remains in a devaluation zone. The current USDJPY quote is 141.20. The difference in interest rates between the Bank of Japan and the US Federal Reserve System, although not increasing as rapidly as before, still leaves the JPY vulnerable. Most economists surveyed by Reuters believe that the […]

TitleCHFJPY H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price could approach the pivot point of 155.484 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 156.276. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 155.083. To discuss this […]

TitleGBPNZD H4 | Bullish reversal from 38.2% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 2.03679 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 2.05217. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 2.02258. To […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. However, the RSI is nearing the overbought area. As a result, in these circumstances a test of 7/8 (142.18) is expected, followed by a rebound from this level and a decline to the […]

The major currency pair is consolidating on Thursday while awaiting news. The current EURUSD quote is 1.0810. These days are rich in news and emotions, but the market is coping well with this load so far. The US Federal Reserve System decided the day before to keep the interest rate unchanged at 5.25% per annum. […]