Market Analysis

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair is going by the reversal signal in an ascending wave. The goal of growth will be 1.3600; later the price can break through the resistance level and extend the uptrend. However, the […]

EURUSD, “Euro vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average and are going above it, which signifies possible development of an uptrend. However, the RSI is nearing the overbought area. As a result, we should expect a test of 2/8 (1.0009), a bounce off it, and falling to the support […]

EURUSD, “Euro vs US Dollar” The pair has formed an impulse of growth to 0.9962. At the moment, the market is forming a consolidation range under this level. With an escape downwards, we might see a correction to 0.9800. With an escape upwards, the wave of growth will extend to 1.0150. GBPUSD, “Great Britain Pound […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is pushing off the lower border of the ascending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.1345 is expected, followed by falling to 1.0815. An additional signal confirming the decline […]

• Nasdaq 100 reversed from pivotal support 10650.00 • Likely to rise to resistance level 11585.00 Nasdaq 100 index recently reversed up from the pivotal support 10650.00 (which stopped wave 5 in the middle of October) – standing near the lower daily Bollinger Band. Upward reversal from the key support 10650.00 created the daily candlesticks […]

• EURCAD reversed from key support 1.3280 • Likely to rise to resistance level 1.3520 EURCAD under the bullish pressure after the earlier upward reversal from the key support 1.3280 (former strong resistance from July and August) – standing near the lower daily Bollinger Band. Upward reversal from the key support 1.3280 created the daily […]

Bitcoin broke the level of 21000. Currently, the asset is consolidating. Bitcoin is likely to pull away from the broken level of 21000 and target the level of 22500 next. Having formed a bullish flag, Brent oil has jumped. The asset is about to face resistance at the level of 102.50. Oil might pull back […]

The BTC is correcting after preceding growth, on Monday balancing near 20,723 USD. Earlier the BTC rose to 21,258 USD. The rally – and for the crypto that had long been lingering to a narrow range this was a real rally – was based on rather good labour market statistics from the US. On Friday, […]

The market major starts the new week neutrally. The current quote is 0.9950. The statistics issued in the US on Friday turned out quite ambiguous. The unemployment rate in October grew to 3.7%, while a month ago it was 3.5%. The forecast had suggested growth to 3.6%. The NFP grew by 261 thousand against the […]

• USDCHF reversed from the resistance level 1.0145 • Likely to fall to support level 0.9845 USDCHF currency pair recently reversed down from the key resistance level 1.0145 (which stopped the earlier impulse wave (v)). The resistance level 1.0145 was strengthened by the upper daily Bollinger Band and by the resistance trendline of the daily […]

• Copper under bullish pressure • Likely to rise to resistance level 8200.00 Copper under the bullish pressure after the earlier breakout of the resistance trendline of the daily Triangle from July. The breakout of the Triangle accelerated the active short-term impulse wave (c)  – which belongs to the ABC correction 2 from the end […]

• Gold reversed from strong support level 1625.00 • Likely to rise to resistance level 1700.00 Gold recently reversed up from the strong support level 1625.00 (which has been reversing the price from the end of September) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1625.00 started the […]