Market Analysis

Type: Bearish Drop Key Levels:Resistance:4049.00Pivot:3914.00Support:3757.50 Preferred Case:Looking at the H4 chart, my overall bias for SPX 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 3757.50, where the 161.8% Fibonacci line is. Alternative […]

The crypto market failed to preserve the positive impulse that appeared last week and declined. On Monday, the BTC is balancing near 16,718 USD. For bulls to regain self-confidence, the BTC needs to return to 18,000 USD. This is going to be hard because of hardly any news at the background and approaching Christmas, when […]

The market major survived the meetings of the Fed and ECB and is getting ready for Christmas. The current quote is 1.0610. The statistics published on Friday in the US and Europe could hardly be called impressive. The final CPI in the euro zone in November demonstrated growth by 10.1% y/y, while the forecast had […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has left the borders of a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6715 is expected, followed by falling to 0.6545. An additional signal confirming the decline will be a bounce off the lower […]

EURUSD On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support level. Currently, growth above 7/8 (1.0620) is expected, followed by growth to the resistance level of 8/8 (1.0742). The scenario can be cancelled by a breakaway of the support level […]

The UK economy is likely to contract again in December as expansion in services sector cannot fully offset the decline in manufacturing. The S&P Global Composite Purchasing Managers Index edged up slightly to 49.0 from 48.2 in November, but remained below the 50 level that usually separates a rise from a decline for the fifth […]

BRENT On H4, Brent quotes are under the 200-day Moving Average, which indicates a downtrend. The RSI has broken through the descending trendline. In this situation, further falling to the support level of 1/8 (78.12) is expected. The scenario can be cancelled by an upwards breakaway of the resistance level of 3/8 (84.38), which might […]

Nasdaq – Naughty or Nice? It’s been a pivotal week for financial markets. For many, the last full week of trading before the Christmas break. The three headline central bank meetings on deck this week certainly delivered the goods, Christmas come early for some, for others, a chance to reflect on missed opportunities. Looking at […]

EURUSD, “Euro vs US Dollar” The currency pair has formed the first impulse of decline to 1.0592. Today the market might correct to 1.0684. Practically, the pair is forming a consolidation range at these levels. The main scenario suggests breaking away the lower border of this channel. With an escape downwards, a pathway to 1.0515 […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the lower border of a bullish channel. The instrument is going insode the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 1.2215 is expected, followed by falling to 1.1865. An additional signal confirming the decline will be […]

The dollar bounced back yesterday and showed decent gain against commodity currencies, which correlate with demand for risk. This comes after the ECB issued a very aggressive statement yesterday. The reaction of the currency market turned out to be unusual – investors regarded the ECB’s move as an increased risk that a soft landing of […]

Hawkish ECB Message Rocks Markets The December ECB meeting proved to be far from a muted event as markets were rocked yesterday by the bank’s outlook and guidance. The ECB delivered a widely expected .5% hike, despite hawkish risks, but it was the accompanying projections which were the main focus. Inflation Revised Higher Citing the […]