Market Analysis

After falling last week by 2% to 101.80, the dollar index rebounded on Monday amid no visible bearish catalysts to push lower. The rebound could be also facilitated by the fact that the price has reached the lower bound of the bearish channel: From a technical point of view, upside USD correction after the significant […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are in the overbought area. A divergence has appeared on the RSI. As a result, a bounce off +1/8 (1.0864) is to happen, followed by falling to the support level of 7/8 (1.0620). The scenario can be cancelled by rising over the resistance level of +1/8 […]

EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Hanging Man reversal pattern. The pair may now go by the signal in a correctional wave. The goal of the pullback might be 1.0800. However, the pair may grow to 1.0930, break through it, and continue the uptrend without […]

Type: Bearish continuation Key Levels:Resistance:26555Pivot:25960Support:25610 Preferred Case:Looking at the H4 chart, my overall bias for NKD1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 25610, where the previous swing low is. Alternative Scenario:Price […]

Muted Start For Metals on Back Of Last Week’s Gains  The metals market is seeing a more tempered start to the week with both gold and silver futures under mild selling pressure across early European trading on Monday. Both metals saw decent buying last week though gold came off as the clear winner, gaining almost […]

EURUSD, “Euro vs US Dollar” The currency pair has reached the main goal of the wave of growth at 1.0871. Today a wave of decline to 1.0700 may begin. Then growth to 1.0800 and a decline to 1.0660 may follow, from where the trend might continue to 1.0480. GBPUSD, “Great Britain Pound vs US Dollar” […]

GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is testing the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line is expected at 1.2175, followed by growth to 1.2365. An additional signal confirming the growth will be a […]

Type: Bearish Drop Key Levels:Resistance:154.30Pivot:164.00Support:142.05 Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is. Alternative Scenario:Price […]

The dollar fell to its lowest level in 7 months, and bond yields stabilized after a sharp fall on Thursday, as another decline in major US inflation indicators raised hopes for an early end to the Federal Reserve’s tightening cycle, and even its first rate cut in the second half of the year. On Friday, […]

The BTC grew to 18,813 USD. Weekly growth amounts to 11.9%. As long as the market closed the previous session above the resistance level at 18,500 USD, buyers may freely set new goals. Now they may reach 21,500-22,000 USD. Currently, the BTC correlates with the US stock indices (S&P 500 and Nasdaq) by more than […]

On Friday, the market major sticks to its local h8ghs. The current quote is 1.0840. The main event of the previous trading session was the publication of the US inflation reports. This was beautiful. The CPI in December dropped to 6.5% y/y as expected from 7.1% previously. Monthly speaking, inflation decreased by 0.1% after an […]

Inflation in the US shows that price pressure is easing, but with strong labor market, the Federal Reserve will be cautious in forecasting the terminal interest rate. The most optimal scenario now looks like two increases, by 25 bp. in February and by 25 b.p. in March. However, inflation will slow even more significantly in […]