Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• Amazon reversed from key resistance level 103.20 • Likely to fall to support level 86.70 Amazon recently reversed down from the key resistance level 103.20 (former strong support from May and June), intersecting with the 20-day moving average and the 50% Fibonacci correction of the downward impulse from October. The downward reversal from the […]
Type: Bullish Momentum Key Levels:Resistance:1.06680Pivot:1.01265Support:1.03965 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expecting price to possible head towards the resistance at 1.06680, where the previous […]
Bond Yields Moving Back Up Again US bond yields have been on the decline recently. Following the concerning 70% rally we saw over most of Q3, the US 1O-yr yield has since corrected by around 15%. A large part of this has been the shift in market perspective recently regarding Fed tightening expectations. Traders have […]
On Friday, the BTC is recovering. Main fluctuatuons are near 16,777 USD. However, strategically the BTC remains inside the range of 15,500-17,200 USD, which will be quite tricky to escape. The crypto market will need a lot of time to cure its nerves and decide something with trust. The stress after the story with Binance […]
BRENT On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of the downtrend. The RSI is nearing the oversold area. Currently, we should expect a test of 1/8 (89.06), a breakaway of it, and falling to the support level of 0/8 (87.50). The scenario can be cancelled by rising over the […]
Type: Bearish Momentum Key Levels:Resistance:1433.75Pivot:1409.75Support:1391.75 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is. Alternative Scenario:Price […]
Weekly Live Market & Trade Analysis November 18, 2022 Watch yesterday's live market and trade analysis session here! Markets are moving, join me every Thursday for 'Real Time Actionable Analysis' on over 20 charts, where I review current positions & some high probability setups, join me in real-time at – @ 1pm GMT next Thursday […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of a wave of growth to 1.0305. Today the market has corrected to 1.0390. Another structure of decline is expected to develop to 1.0280. And with a breakaway of this level as well, a pathway to 1.0166 might open. The goal is local. […]
EURUSD The pair is pushing off the signal lines of the indicator, going below the Ichimoku Cloud, which suggests the prevalence of an uptrend. A test of the upper border of the Cloud is expected at 1.0285, followed by growth to 1.0715. An additional signal confirming the growth will be a bounce off the lower […]
Target Misses Earnings Again US retail giant Target saw its shares plunge lower at the open yesterday as traders digested a dismal set of Q3 earnings. Target reported an EPS of $1.54, well below the $2.16 the market was looking for. Revenues were slightly higher, at $26.51 billion vs $26.40 billion forecast. The report marks […]
Gold broke the resistance at the level of 1735.00 and a very strong downtrend denoted by the blue line on the monthly timeframe. Currently, the asset’s price is trying to pull back to the broken trendlines. However, gold is likely to pull from the broken level and downtrend and jump. So, let’s observe what will […]
• France 120 reversed from resistance level 5100.00 • Likely to fall to support level 5000.00 France 120 index recently reversed down from the pivotal resistance level 5100.00 (which has been stopping the index from the end of March) intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse […]