Market Analysis

• EURJPY reversed from resistance level 144.00 • Likely to fall to support level 142.00 EURJPY currency pair recently reversed down from the key resistance level 144.00 (which has been reversing the price from the start of June). The downward reversal from the resistance level 144.00 stopped the earlier short-term impulse wave 3. Given the […]

The BTC recovered pretty much, but doesn’t want to follow the American stock market. On Wednesday, the asset is mostly fluctuating at $20,238. So, the major crypto was supported from two sides: a rebound of the American exchanges and a correction in the DXY. All technical aspects for the BTC remain pretty much the same, […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising inside the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.1375 and then resume moving upwards to reach 1.1895. Another signal in favour of a further uptrend […]

The Australian Dollar is still rather weak against the USD. The current quote for the instrument is 0.6496. Yesterday, the Reserve bank of Australia announced a 25-point rate hike, up to 2.60%, which was a bit different from what market players expected. They believed the RBA would continue its “hawkish” policy and raise the rate […]

The major currency is ready to test parity on Wednesday. The current quote for the instrument is 0.9990. The key trigger for the EUR right now is a huge rebound in global capital markets, which revived risk attitude. The USD, in its turn, is being failed by a decline in the US bond yield. Investors […]

EURUSD, “Euro vs US Dollar” After finishing the ascending wave at 0.9840, EURUSD is still consolidating below this level. If later the market breaks this range to the upside, the market may form one more ascending wave to reach 0.9946; if to the downside – resume falling with the target at 0.9744, or even extend […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending wave. In this case, the downside target may be at 1675.50. At the same […]

The Australian Dollar is retreating against the USD again. The current quote for the instrument is 0.6469. The Reserve Bank of Australia had a meeting today and decided to raise the benchmark interest rate by 25 basis points, from 2.35% to 2.60%. Market players were quite surprised: the RBA introduced a 50-point rate after each […]

The Japanese Yen is slowly weakening against the USD. The current quote for the instrument is 144.77. Local interventions from the Bank of Japan calmed the Yen down and helped it reach balance for some time, but the effect didn’t last long, just as expected. The market is back to its previous movements – the […]

• GBPJPY reversed from support level 156.00 • Likely to rise to resistance level 168.00 GBPJPY currency pair recently reversed up from the key support level 156.00 (lower boundary of the sideways price range inside which the pair has been trading from April). The upward reversal from the support level 156.00 started the active medium-term […]

• CADJPY reversed from support level 104.90 • Likely to rise to resistance level 107.25 CADJPY currency pair recently reversed up from the key support level 104.90 (former resistance from the start of March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from May. The upward reversal from the support […]

BNY Mellon RBNZ Might Run Out of Room The Reserve Bank of New Zealand is expected to hike its policy rate by another 50bp this week, but the market has long since given up on using the NZD as one of the proxies for advanced policy expectations generating currency performance. Be it liquidity preference or […]