Market Analysis

Please find below the trading schedule for the Easter holiday in the US and certain European jurisdictions. XGLOBAL would like to reassure clients that support will be available throughout the holiday period anytime the market is open. Clients should be aware that when trading around the holiday period abnormal volatility and wider spreads should be […]

FTSE 100 – Financials & Miners Lead The Way To A Seventh Day of Opening Gains The FTSE 100 continues to trade with an upbeat tone as the UK benchmark opened in the green for a seventh straight session, the early advance has faded to trade just below the flatline as London traders head for […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth to 1.0972. Today the market is forming a consolidation range under this level. Next, the price could fall to 1.0925, and then a link of growth to 1.0977 is not excluded. After the quotes reach this level, a wave of decline […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which reveals the prevalence of a downtrend. The RSI has broken the support line. As a result, we expect a downward breakout of the level of 4/8 (131.25), after which the price could continue falling to the support at […]

TitleXAUUSD, H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1991.292 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1945.885. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2010.04. To discuss this trading idea, […]

Daily Market Outlook, April 04, 2023 RBA Tap The Breaks On Rate Rises  Asian equity markets traded with a mixed tone, with some centres carving out modest gains, the upside was capped given the the choppy action seen on Wall Street, where manufacturing data indicated a further retreat in inflationary pressures and a softening in […]

USDJPY, “US Dollar vs Japanese Yen” USDJPY is pushing off the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 131.35 is expected, followed by growth to 136.55. An additional signal confirming the decline will be a rebound from the […]

EURUSD, “Euro vs US Dollar” On H4, near the resistance level, the quotes have formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the correction might be 1.0890. However, the price may rise to 1.1000 and continue the uptrend without correcting to […]

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 […]