Market Analysis

The EURUSD got under pressure. The current quote is 1.0550. The reason was the comments made by Jerome Powell, the chairman of the US Federal Reserve System. Speaking before the Senate on Tuesday, he seemed to open the door for more noticeable increases in the interest rate at upcoming meetings. They are now discussing a […]

Brent oil is moving in a narrow range. The asset might potentially enter the supporting zone formed between levels 77.65 and 75.16 and located next to the weekly broken downtrend. The asset’s price is likely to pull from this downtrend and jump. So, let’s observe what will happen next. Currently, Bitcoin is targeting the supporting […]

Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions again last week. Total upside exposure was cut from 243k contracts to 224k contracts. This marks the second consecutive weekly pairing of upside bets since the COT started reporting again and throws further uncertainty over […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the USDCHF quotes are above the 200-day Moving Average, revealing prevalence of an uptrend. The RSI is testing the support line. In this situation, a rebound from 6/8 (0.9399) should be expected, after which the price might rise to the resistance level of 8/8 (0.9521). The scenario […]

The Japanese yen against the US dollar dropped to the lows since 20 December. The current quote is 136.61. The yen got under pressure and saw a decline to the local lows after the US dollar got supported by the signals of the Fed. The interest rate in the US might be growing faster than […]

Title XAUUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:There is a recent swing low at our pivot point which the price could potentially reverse from this level and could push up to our 1st resistance level Alternative scenario:If the price were to break from the pivot point, it could go down to our 1st […]

Tesla Shares Under Pressure Following a strong start to the year, Tesla shares have run into something of a barrier recently with price reversing from the 207.71 level to trade back down to their lowest levels in over a month. Recent strength in USD, reflecting the market’s more hawkish Fed outlook, has seen tech shares […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Shooting Star reversal pattern. Currently, the pair may go by the reversal signal in a descending wave. The target of the correction might be 1.3730; later the price might push off this level and continue the uptrend. However, the price may grow to […]

EURUSD, “Euro vs US Dollar” The currency pair saw a rebound from 1.0693 downwards and broke through 1.0572. At the moment, a consolidation range is forming under this level. The quotes should then escape the range downwards and continue the wave to 1.0450. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The […]

EURUSD, “Euro vs US Dollar” EURUSD is pushing off the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0595 is expected, followed by falling to 1.0385. An additional signal confirming the decline will be a rebound from the lower border of the […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which reveals prevalence of a downtrend. The RSI has broken through the support line. Further falling to the nearest support level at 1/8 (0.6652) is expected. The scenario can be cancelled by rising above the resistance level of 3/8 […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Doji reversal pattern near the resistance level. The instrument is now going by the pattern in a descending wave. The target of the decline might be 1825.00. After a test of the support, the price might break through it and continue falling. However, the quotes might […]