Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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US equities closed in green on Thursday, while on Friday a profit taking mood prevails with US futures on the slippery slope. The dollar index holds above the 102 level, but the yen’s strong gains indicate lower expectations that the Treasury-JGB rate differential will remain wide. USDJPY declined 0.75% and closely follows the rate differential: […]
BRENT On H4, the quotes have broken through the 200-day Moving Average and are now below it, indicating possible development of a downtrend. The RSI is nearing the support level. The quotes are expected to rise above 6/8 (84.38) and then grow to the resistance level of 8/8 (87.50). The scenario can be cancelled by […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The goal of the growth might be 1.3455; later the price might break through it and extend correction. However, the price may drop […]
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Type: Bearish Drop Key Levels:Resistance:21.18Pivot:21.18Support:19.30 Preferred Case:Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is. […]
Type: Bullish Continuation Key Levels:Resistance:7381.5Pivot: 6397.5Support: 6797.5 Preferred Case:Looking at the H4 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is. […]
EURUSD, “Euro vs US Dollar” The currency pair has completed the main wave of growth to 1.0866. Today a wave of decline to 1.0707 should begin, followed by growth to 1.0786 and a decline to 1.0630, from where the trend might continue to 1.0545. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has […]
EURUSD, “Euro vs US Dollar” The currency pair is correcting after serious growth. The instrument is going above the Ichimoku Cloud, which indicates an uptrend. A test of the Kijun-Sen line at 1.0745 is expected, followed by growth to 1.1025. An additional signal confirming the growth will be a bounce off the lower border of […]
Type: Bullish Continuation Key Levels:Resistance:218.00Pivot:211.00Support:201.40 Preferred Case:Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 218.00, where the previous swing high is. Alternative Scenario:Price […]
Daily Market Outlook, January 13, 2023 Markets Poised To Post Weekly Back To Back Gains For The Start of 2023 Asian Equities are set to close out the week with a positive tone, following a whipsaw session on Wall Street, as investors digested US inflation data, markets are coalescing around the view that peak inflation […]
Type: Bullish Rise Key Levels:Resistance:87.97Pivot:82.36Support:80.37 Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 87.97, where the recent high is. Alternative Scenario:Price may […]
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. Now it is going by the signal in an ascending wave. The goal of the growth is still 1900.00. Upon testing the resistance level, the pair will get a chance for breaking through it and continuing the uptrend. However, […]