Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleGBPUSD H4 | A reverse from 50% Fibo TypeBearish Reversal Preference:Price is approaching our pivot at 1.25888 which is an overlap resistance that lines up with a 50% Fibonacci retracement. A reverse from here, price could fall to 1st support at 1.25007 which is a swing low support. Alternative scenario:However, if it breaks above, price […]
US Consumer Data Due Ahead of the weekend, traders will be looking to the UoM Consumer Sentiment and Inflation Expectations readings as the final key data of the week. On the back of softer-than-forecast US CPI and PPI across the week, US rate hike expectations for June have sunk. However, the resulting market reaction has […]
TitleGBPUSD H4 | Potential reverse from 50% Fibo TypeBullish bounce Preference:Price is dropping to our pivot point at 1.25559 which is an overlap support that lines up with 50% Fibonacci retracement. A reverse from here price could rally to 1st resistance at 1.26401 Alternative scenario:However, if it breaks below the pivot, it could drop to […]
TitleUSDCHF H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 0.89368 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.8873. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.89709. To discuss this trading idea, head […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support line. In these circumstances, the quotes are expected to rise above 7/8 (0.6805) and reach the resistance at 8/8 (0.9835). The scenario can be cancelled by a […]
The British pound sterling declined against the US dollar on Thursday. The current GBPUSD quote is 1.2577. The pair tested local highs yesterday but failed to secure them. Today is a big day for the GBP: the Bank of England is holding a meeting to decide on the interest rate and give signals on further […]
Daily Technical Trade Setups For DXY, EURUSD & USDJPY To access today’s actionable analysis, click here! Source: Tickmill
TitleDXY H4 | Rising into resistance TypeBearish Reversal Preference:Price could approach the pivot point of 101.4301 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.5593. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 101.9654. To discuss this trading idea, […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a correction at 1.1000. A new structure of decline to 1.0963 is forming today. If this level breaks downwards, the potential for a wave of decline to 1.0930 could open, from where the trend might continue to 1.0903. This target is the first one. GBPUSD, […]
The decline of the most traded currency pair is accelerating. The current EURUSD quote is 1.0930. The market is following the inflation reports from the US and China and making interim conclusions. The US CPI for April came in below expectations at 4.9% y/y. Monthly inflation rose by 0.4% as forecast. The core CPI rose […]
BOE in Focus The Bank of England meets today for its May rates decision and market expectations are split, creating plenty of room for volatility in GBP and UK assets. While a further .25% hike is well-baked in, market expectations over the likely tone of the bank’s forward guidance are split. Hawks argue that with […]
Daily Market Outlook, May 11, 2023 Asian equity markets traded with a mixed tone after yet another erratic performance on Wall Street, indices whipsawed and treasuries rallied as US CPI came in broadly in line with expectations, while the headline number dipped under the expected 5% level printing 4.9%. The Hang Seng and Shanghai Comp […]