Market Analysis

• AUDUSD broke the support level 0.6300 • Likely to fall to support level 0.6200 AUDUSD currency pair under the bearish pressure after the pair failed to break back above the key resistance level 0.6500 (which has been reversing the pair from the end of September). The pair just broke the support level 0.6300 – […]

• EURUSD under bearish pressure • Likely to fall to support level 0.9700 EURUSD currency pair under the bearish pressure after the price broke the support trendline of the daily up channel from October. The breakout of this up channel coincided with the breakout of the 50% Fibonacci correction of the C-wave of the earlier […]

Bitcoin broke the level of 20500. Currently, the asset is testing this level, trying to form the engulfing. Bitcoin is heading up. The asset is likely to face resistance at the level of 22500, break it and target the level of 25500 next. American stock index S&P 500 has pulled from the downtrend and the […]

On Thursday, the Australian dollar against the US dollar is falling. The current quote is 0.6345. The morning trade balance statistics turned out interesting. In September, the results in Australia turned out better than expected. Export grew by 7% against 2.6% previously. Import dropped to 0% from 4.6% previously. The statistics could support the Aussie […]

On Thursday, the market major is depressed; the current quote is 0.9820. Yesterday the US Federal Reserve System completed its two-day meeting by lifting the interest rate to 4% annual. This is the high since 2008. The most important comment made right after the decision was announced touched upon the probability of further increases in […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support level. A movement towards 7/8 (148.43) should be expected, followed by a breakaway and growth to the resistance level of 8/8 (150.00). The scenario can be cancelled by […]

• MDAX reversed from key resistance level 24350.00 • Likely to fall to support level 23000.00 MDAX index recently reversed down from the key resistance level 24350.00 (former support from the start of September), intersecting with the 61.8% Fibonacci correction of the downward impulse from September. The downward reversal from the resistance level 24350.00 stopped […]

• EURJPY reversed from multi-year resistance level 148.00 • Likely to fall to support level 144.00 EURJPY currency pair recently reversed down from the multi-year resistance level 148.00 (which stopped the sharp uptrend in 2014), standing above the upper weekly Bollinger band. The downward reversal from the resistance level 148.00 stopped the earlier sharp upward […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.1485 is expected, followed by growth to 1.1935. An additional signal confirming the growth will be a bounce off […]

EURUSD, “Euro vs US Dollar” The pair bounced off 0.9952 downwards. It may fall deeper to 0.9820. After this level is reached, a wave of growth to 1.0094 might begin. GBPUSD, “Great Britain Pound vs US Dollar” The pair completed a wave of correction to 1.1438. Today the market is forming a structure of growth […]

On Wednesday, the market major is decreasing moderately, while the market is waiting for the decision of the Federal Reserve System. The current quote is 0.9870. The demand for the US currency is growing before the two-day meeting of the US Fed ends. Almost without a doubt, the rate will be raised by 75 base […]

EURUSD, “Euro vs US Dollar” On H4, at the pullback near the support level, the pair has formed a Doji reversal pattern. Currently, the pair may go by the signal in the form of an ascending wave. The goal of growth will be 1.0010. However, the price may pull back to 0.9845, bounce off this […]