Market Analysis

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating an uptrend. The RSI has bounced off the support level. Currently, the pair is expected to rise over 7/8 (148.43) and to reach the resistance level of 8/8 (150.00). The scenario can be cancelled by a downward breakaway […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Going by the signal, the pair is forming a correctional wave. The goal of growth will be 1675.50. After a test of the resistance level, the pair might bounce off it and continue the downtrend. However, the quotes may […]

EURUSD, “Euro vs US Dollar” The pair has reached the estimated goal of the wave of growth at 0.9974. Today the market is forming a consolidation range under this level. The range might extend upwards to 0.9998. After this one is reached, a wave of decline to 0.9800 is expected to begin. GBPUSD, “Great Britain […]

• Dow Jones rising inside C-wave • Likely to reach resistance level 32635.00 Dow Jones recently broke the resistance level 31000.00 intersecting with the daily down channel from August and the 38.2% Fibonacci correction of the downward impulse from August. The breakout of the resistance level 31000.00 accelerated the C-wave of the active medium-term ABC […]

• EURUSD broke key resistance level 0.9985 • Likely to rise to resistance level 1.0165 EURUSD recently broke the key resistance level 0.9985 (top of the previous short-term wave (a) from the start of October). The breakout of the resistance level 0.9985 was preceded by the breakout of the extended down channel from February – […]

Finally, the day has come when we have something to say about the BTC. Over the last 24 hours, the leading crypto has grown quite a bit. On Wednesday, it is mainly fluctuating near 20,326 USD. The BTC even rose to 20,415 USD. This was due to an increase in the US stock indices: the […]

EURUSD, “Euro vs US Dollar” The pair is getting ready to break through the resistance level. The pair is going under the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-Sen line is expected at 0.9920, followed by growth to 1.0125. An additional signal confirming the growth will be a bounce off the lower […]

The British pound grew quite a deal against the USD. The current quote is 1.1570. Firstly, GBP fans made good use of the decline of the US dollar and played back a part of previous losses. Secondly, political ambiguity ended by the appointment of Rishi Sunak the Prime Minister, which is again good for the […]

On Wednesday, the market major reached parity. The current quote is 1.0000. On the one hand, the US dollar got seriously affected by the disappointing statistics from yesterday. The Conference Board CCI in October dropped to 102.5 from 107.8 previously. The forecast had suggested a decline to 105.90. The dwelling prices statistics never impressed the […]

EURUSD, “Euro vs US Dollar” Today the pair continues forming a consolidation range around 0.9877. Another link of growth to 0.9944 is expected, and after it is reached, a decline to 0.9791 might start. GBPUSD, “Great Britain Pound vs US Dollar” The pair continues forming a consolidation range around 1.1326. Another link of growth to […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI has broken through the support level. A test of 3/8 (0.6225) should be expected, followed by a breakaway and falling to the support level of 2/8 (0.6103). The scenario can be cancelled […]

• USDCHF reversed from resistance level 1.0050 • Likely to fall to support level 0.992 USDCHF recently reversed down from the key multi-month resistance level 1.0050 (which has been reversing the price from May), intersecting with the upper daily Bollinger Band and the resistance trendline of the daily up channel from August. The downward reversal […]