Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleEURUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1.09324 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07483. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.10332. To discuss this trading idea, […]
Brent On H4, Brent quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. In this circumstances, we expect a downward breakout of 1/8 (78.12) and falling to the support at 0/8 (75.00). The scenario can be canceled by rising above 2/8 (81.25), which […]
Daily Market Outlook, March 31, 2023 Month & Quarter End Flows Retain A Bid Tone, Could PCE Data Be A Party Pooper? Asia equity markets were mostly trading in the green as investors marked up month and quarter end, following the positive flows from Wall Street, as tech once again lead the bullish charge, with […]
TitleETHUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1859.06 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1678.5. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1991.41. To discuss this trading idea, […]
The British pound against the US dollar continues growing. The current quote is 1.2365. Apart from the weakness of the USD, the pound has a mighty domestic driver for growth. In particular, Britain has agreed to join a Trans-Pacific Partnership (CPTPP). London has already called it the biggest trade since Brexit. CPTPP has started working […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth to 1.0925. Today the market is forming a consolidation range under this level. If the price escapes the range downwards, we expect a wave of decline to 1.0870. And if this level also breaks downwards, a pathway for a structure to […]
TitleUSDCAD, H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is approaching our pivot level of 1.34949 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.36577. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1.34551. To discuss this trading idea, […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price has bounced off from our Pivot at 1.23955 which is a swing high resistance. if price were to reverse it could drop down to 1st support at 1.23464 Alternative scenario:However, if price were to break above the pivot point it could push up to 1st resistance […]
The BTC dropped to 27,806 USD on Friday. The cryptocurrency lacks an impulse to bring to life its ambitious targets for growth. The support level is 26,750 USD, and the next one is 26,500 USD. Resistance levels are 29,000 USD and higher. The correlation with the US stock market has somewhat weakened, which brought down […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance, EURUSD has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1.0850. However, the price may grow to 1.0950 and continue the uptrend without any correction to the […]
TitleUSDJPY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is currently at our pivot point at 132.692, which is an overlap support along with a 38.2% Fibonacci retracement. If the price were to reverse, it could drop to 1st support at 131.651 along with a 50% Fibonacci retracement. Alternative scenario:However, if the price breaks above […]
Daily Technical Trade Setups For Nvidia, Microsoft & Russell2000 To access today’s actionable analysis, click here! Source: Tickmill