Market Analysis

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0280. Today we expect a consolidation range to develop around this level. With an escape from the range downwards, a pathway to 1.0165 will open. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues […]

NZDUSD, “New Zealand Dollar vs US Dollar” The pair is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6075 is expected, followed by growth to 0.6355. An additional signal confirming the growth will be a bounce […]

Technical & Trade View TLT iShares 20+ Year Treasury Bond ETF Trade View 101.13 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 99.00 Technicals Primary support is 99.00 Primary upside objective 102.85 Next pattern confirmation, acceptance above 101.50 Failure below 99.00 opens a test of 97.90 20 Day VWAP bullish, 5 Day VWAP […]

Type: Bullish Momentum Key Levels:Resistance:675.00Pivot:661.50Support:654.75 Preferred Case:On the H4 chart with price crossing the Ichimoku cloud to the upside, we are looking for price to possibly head towards the resistance at 675.00, where the 50% Fibonacci line is located. Alternative Scenario:Price may go back up and head towards the pivot at 661.50 where the 20% […]

Oil Under Pressure In many respects, it’s been a much quieter week for financial markets. While we’ve seen some key developments by way of Fed commentary, the UK budget and various headlines from the G20 meetings, we haven’t seen the sort of volatility we’ve noted in recent weeks. The US Dollar sell off pausing this […]

Gas Prices Slip From Highs After dominating the first half of the year with record strength, gas prices have spent most of the last few months softening from highs. Indeed, natural gas futures on the NYMEX are now sitting almost 40% down from the YTD highs. Several factors have combined to weigh on gas prices […]

• GBPAUD reversed from support level 1.7485 • Likely to rise to resistance level 1.8000 GBPAUD recently reversed up from the key support level 1.7485, strengthened by the lower daily Bollinger Band and by the upper trendline of the recently broken down channel from March (acting as support after it was broken). The upward reversal […]

ECB president Christine Lagarde said on Friday that the ECB should continue to raise borrowing costs to limit the expansion of the European economy. According to Lagarde, this is the only way to bring down inflation, which at its peak was five times the target level of 2%: On Friday, Lagarde delivered a speech in […]

Daily Market Outlook, November 18, 2022  Overnight Asian markets are mostly mixed, with US equity futures also declining after some tough talk from US Fed speakers, specifically St Louis member Bullard who suggested that a 5% rate was a minimum terminal rate objective with the potential for a 7% rate being eyed by the committee.  […]

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 reversal signal in an ascending wave. The goal of the growth will be 1.3410. Next, the price may bounce off it and extend the downtrend. However, the price […]

On Friday, the market major is balancing in a vacuum. The current quote is 1.0370. According to a Reuters poll, the US Federal Reserve System at the December meeting is expected to lift the interest rate by 50 points. However, the peak of the interest rate may be much higher. So, by the end of […]

• WTI broke key support level 82.90 • Likely to fall to support level 76.30 WTI recently broke the key support level 82.90 (which stopped the previous wave (B) from the middle of October), intersecting with the 61.8% Fibonacci correction of the upward ABC correction (B) from September. The breakout of the support level 82.90 […]