Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Type: Bearish Momentum Key Levels:Resistance:1465.00Pivot:1409.75Support:1391.75 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located. Alternative Scenario:Price may rise again […]
On Thursday, the market major has turned out much higher than expected. The current quote is 1.0430. All eyes in the market yesterday were glued to the minutes of the previous meeting of the US Federal Reserve System. One thing that got immediately notices is the wording “uncertainty lags”. This is something new to the […]
EURUSD, “Euro vs US Dollar” The currency pair formed a consolidation range around 1.0330 and with an escape upwards extended the structure of growth to 1.0445. Thus the market suggests considering continuation of the wave to 1.0590. Today a link of decline to 1.0330 (a test from above) is expected, followed by growth to 1.0500 […]
The Composite PMI Index in the EU remained in the zone of depression for November (47.8 points), slightly better than October, but still pointing to a reduction in activity in the European economy. The good news is that inflationary pressures are fading as supply crunches ease, and the depth of the expected recession may not […]
Client Withdrawals Shares in troubled French bank Credit Suisse are coming under fresh selling pressure this week as concerns build around large client withdrawals. Credit Suisse this week warned that it is facing a roughly $1.5 billion loss in Q4 as a result of withdrawals from major clients. The bank’s shares have been in decline […]
Technical & Trade View US Dollar Index Futures Trade View Bias: Bullish Above Bearish below 108.50/70 Technicals Primary resistance is 108.50/70 watch for bearish reversal patterns here Primary pattern objective is 104.50 Acceptance below 106 next pattern confirmation Acceptance above 108.70 opens a test of 109.25 20 Day VWAP bearish , 5 Day VWAP bearish […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is. Alternative Scenario:Price may […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair may go by the signal in an ascending wave. The goal of the growth will be 1.3465; later the price may bounce off the resistance level and extend the downtrend. However, the […]
The Australian dollar against the US dollar is smoothly declining. The current quote is 0.6634. The downtrend has formed a week ago and remains in force. The November PMI in services in Australia turned out at 47.2 points against the expected 49.1 points. The same indicator in the processing industry dropped to 51.5 points against […]
Regulator XGLOBAL Group overview X GLOBAL Markets Ltd and XGLOBAL FX Ltd are regulated investment firms that are both 100% owned by X GLOBAL Holding Ltd. X GLOBAL Markets Ltd (CySEC) CySEC regulated Accepts EEA residents Investor Compensation Fund Negative balance protection Continue XGLOBAL FX Ltd (VFSC) VFSC regulated Accepts non-EEA residents Pro trading […]
European stock markets are down, STOXX 50 lost 0.6% amid reports of increased covid measures and new lockdowns in China, which increased market risk aversion. The yuan weakened again, with USDCNY rate increased from 7.02 to 7.16 over the week. The Japanese yen loses ground as well: USDJPY was up more than 1% today rising […]
NZDUSD, “New Zealand Dollar vs US Dollar” The pair is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6110 is expected, followed by growth to 0.6385. An additional signal confirming the growth will […]