Market Analysis

EURUSD on Thursday is stable. The current quote is 1.0890. The data published yesterday demonstrated that the ADP private employment index in the US in March had grown by 145 thousand while an increase by 200 thousand had been expected. The bad impression was smoothed out by the revision of the previous report: it changed […]

CAD Rallies on Oil Gains The Canadian Dollar has seen plenty of strength over the European morning on Thursday. Despite a weaker risk backdrop, the rally in oil prices this week on the back of recent OPEC+ production cut announcements has seen CAD enjoying a wave of fresh demand. Interestingly, the retail market is holding […]

Oil Price Boost  Shares in US energy company Phillips 66 are surging higher ahead of the US open today on the back of a solid 6.5% gain yesterday. The rally comes on the back of the recent OPEC+ production cut announcement which has seen oil prices increasing and many players revising higher their oil price […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a link of decline to 1.0906. Today the market is forming a consolidation range around this level. The price could decline to 1.0840. Next, a link of growth to 1.0960 is not excluded. After the price reaches this level, a wave of decline to 1.0780 […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes have rebounded from 0/8 (0.9033), which indicates probable development of a correction. The RSI has broken the resistance line. In this situation, a test of 1/8 (0.9094) is expected. Then the price could break it and grow to the resistance at 2/8 (0.9155). The scenario […]

TitleAUDUSD H4 | Aussie pulling back towards a key suppport TypeBullish Bounce Preference:Price is approaching our pivot level of 0.66718 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.67589. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 0.66369. To […]

Daily Market Outlook, April 06, 2023 Markets Winding Down, Could Labour Data In The US Spoil The Holiday Spirit? Asian equities are trading with a subdued tone heading into the holiday weekend with most money centres winding down for early closure tomorrow. The risk tone has softened in the past couple of sessions driven by […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0855 is expected, followed by growth to 1.1085. An additional signal confirming the decline will be a rebound from […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1990.00. After testing the support, the price could rebound from it and continue the uptrend. However, the quotes […]

TitleXAUUSD H4 | Breakout 1st resistance TypeBearish Reversal Preference:Price is currently at our pivot point of 2025.84, which is a swing high resistance. However, given the current bullish momentum, it is possible that price could break above this level and rise towards the 1st resistance at 2054.152 Alternative scenario:However, in case of a reversal, price […]

Daily Technical Trade Setups For DXY, EURUSD & GBPUSD To access today’s actionable analysis click here! Source: Tickmill

EURUSD on Wednesday remains strong. The current quotes is 1.0950. The statistics yesterday turned out mixed. The PPI in the Euro zone in February dropped by 0.5% m/m, as expected. A month before, this index had dropped by 2.8%. The situation looks logical because we have already had several signals about a slowdown in inflation […]