Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Daily Market Outlook, April 05, 2023 RBNZ Hit The Gas And Raise Rates As Gold Shines Above $2000/oz Asian equities are trading with a mixed tone after a less than convincing close on Wall Street, with the benchmarks all closing in the red as an initial decline in JOLTS job openings sparked a rally on […]
TitleETHUSD, H4 | Hitting resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1835.69 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1742.9. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1860.61. To discuss this trading idea, head […]
Daily Technical Trade Setups For Dax, FTSE & Gold To access today’s actionable analysis please click here Source: Tickmill
TitleDXY H4| Bounced off from 1st support TypeBullish Bounce Preference:Price has bounced off from our pivot point at 101.6207, which is multiple swing low support along with 78.6% Fibo retracement. If price were to reverse from here, it could potentially push up to the 1st resistance at 102.6303, which is a swing high resistance Alternative […]
EURUSD, “Euro vs US Dollar” The currency pair completed a link of growth to 1.0862. The market has formed a consolidation range around it. If the price breaks the range upwards, it could be extended to 1.0915. A link of correction to 1.0862 (a test from above) could develop today. Then growth to 1.0938 is […]
EURUSD started growing again on Tuesday. The current quote is 1.0890. The market looks actively interested in risks, which supports the EUR and drowns the safe USD. The PMI reports from the Eurozone and separate European countries published yesterday turned out mostly positive. The US presented similar releases. In March, the PMI in production dropped […]
On Tuesday, the dollar is struggling to rise, consolidating around the 102 level. Positive sentiment in the stock market and stress indicators in the US banking system suggest that the potential for further dollar decline is growing. For example, the Fed’s balance sheet, which has reflected bank demand for liquidity in recent weeks (due to […]
TitleEURUSD H4 | A reverse from resistance level TypeBearish Reversal Preference:Price has reversed from our pivot point at 1.09098 which is multi swing high resistance. if price were to break above it could push up to 1st resistance at 1.09642 which is another swing high resistance level. Alternative scenario:On the other hand, if price were […]
Australian dollar against the US dollar on Tuesday is reacting logically to the RBA decision but the general mood remains positive. The current quote is 0.6755. At the meeting today, the Reserve Bank of Australia decided to leave the interest rate without a change at 3.6% per annum. Some had expected the rate to grow […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2335 is expected, followed by growth to 1.2585. An additional signal confirming the decline will be a rebound from the lower border of […]
TitleEURUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:Price has bounced off our pivot at 1.07902, which has a fibo confluence of a 38.2% fibo retracement and 61.8% Fibo projection. If there is a reversal from this point, the price could potentially rally to the 1st resistance level at 1.09177, which is a swing high […]
TitleUS30USD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 32947.54 and potentially reverse from here, we could see momentum carry price down to its 1st support of 32227.7. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 33445.54. To discuss this trading idea, […]