Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Market volatility continues to decrease as the S&P 500 VIX (also known as the “fear index”) dropped to 21 points, the lowest level since March 9th. It’s worth noting that this was around the time when the first news related to SVB Financial started to emerge: The two key culprits of recent instability in European […]
TitleDXY H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is currently at our pivot at 102.2145, which is an overlap support along with a 50% Fibonacci retracement. If price reverses, it could push up to 1st resistance at 102.7547, which is a swing high resistance Alternative scenario:If the price breaks below the pivot, it could […]
Weekly Live Market & Trade Analysis 28-03-2023 In this week’s live market and trade analysis session we reviewed active set ups in the indices, forex, commodities and crypto markets, to watch the recording click here. Markets are on the move, join me Tuesdays @ 1pm GMT+1 for ‘Real Time Actionable Analysis’ I will review current […]
EURUSD has grown a bit on Tuesday. The current quote is 1.0810. With the fears of investors concerning the outbreak of a full-scale banking crisis fading into the background EURUSD is getting back its buyers. The stress from Friday gave a serious scare to the capital market. However, no more signals of problems in the […]
TitleDER30EUR, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 15336.48 and could reverse from here, we could see momentum move price down to its 1st support of 15132.22. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 15480.16. To discuss this trading idea, […]
Daily Market Outlook, March 28, 2023 Banking Stress Recedes, Relief Rally In Bank Shares Supports Sentiment Following a mildly positive finish on Wall Street Asian equities have also posted modest gains overnight as risk sentiment remains buoyed by a belief that the banking stress of the past few weeks is starting to recede. The Fed […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is nearing the resistance line. In these circumstances, we expect the quotes to test 2/8 (0.6713), make a rebound off it, and fall to the support level of 0/8 (0.6591). […]
On Tuesday, the Australian dollar against the US dollar returned to growth. The current AUDUSD quote is 0.6690. Retail sales in Australia in February grew by 0.2% m/m as expected after growing previously by 1.8%. The index look neutral after sharp fluctuations at the end of last year and the beginning of 2023, while the […]
EURUSD, “Euro vs US Dollar” The currency pair has corrected to 1.0818. Today the market is forming a consolidation range under this level. A decline to 1.0690 is expected. And with a breakaway of this level downwards as well a pathway to a wave to 1.0550 should open. The target is local. GBPUSD, “Great Britain […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, EURUSD has formed a Harami reversal pattern. The instrument is now going by the reversal signal in an ascending wave. The target of the growth might be 1.0920. However, the price may still pull back to 1.0775 and continue the uptrend after correcting to […]
TitleGBPUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1.23437 and reverse from here, we could see momentum move price down to its 1st support of 1.22086 Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.23987. To discuss this trading idea, head […]
TitleEURUSD H4 | Potential reversal from 38.2% TypeBullish Bounce Preference:The current price is at the pivot point of 1.07629, which is an overlap support level and is slightly below the 38.2% Fibonacci retracement level. If the price were to reverse from this level, it could potentially rise towards the first resistance at 1.0838, which is […]