Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• 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 […]
Daily Market Outlook, October 4, 2022 Overnight Headlines UN Calls On Fed, Other Central Banks To Halt Interest-Rate Increases Fed’s Barkin: Permanent Shifts In Inflation Could Mean More Volatile Policy Fed’s Williams: Fed Is Cooling Inflation But Underlying Pressures Still Strong BoE’s Mann: Concerned About Upward Drift In Inflation Expectations UK Chancellor To Bring Forward […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after reaching the predicted downside target at 0.9554, EURUSD is forming the first ascending structure towards 0.9954. Later, the market may resume trading downwards to reach the key target at 0.9388 and then start a new growth towards 1.0360. GBPUSD, “Great Britain […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9760 and then resume moving upwards to reach 1.0085. Another signal in favour of a […]
BNY Mellon Is Anybody Paying Attention? With markets’ attention focused on events in the UK, we wonder if global central banks’ fight against inflation is being overlooked. Friday’s release of the US Personal Consumption Expenditure deflator for August showed that core inflation – recall that PCE inflation at 2% is the Federal Reserve’s formal target […]
Daily Market Outlook, October 3, 2022 Overnight Headlines Tory Revolt Forces Liz Truss To Delay 45p Tax Rate Vote – Telegraph UK PM Truss Admits Mistake In Communicating Economic Plan Credit Suisse CEO Seeks To Calm As Default Swaps Near 2009 Level Kwarteng Trying To Head Off Tory Rebellion Over Tax Cut Debacle S&P Puts […]
Type: Bullish Momentum Key Levels:Resistance: 20.005 Pivot: 19.140 Support: 18.720 Preferred Case:The price is crossing the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that the price may rise from the pivot at 19.140, which is in line with the 23.6% fibonacci retracement to the 1st resistance at 20.005, where […]
Type: Bullish Momentum Key Levels:Resistance: 20.005 Pivot: 19.140 Support: 18.720 Preferred Case:The price is crossing the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that the price may rise from the pivot at 19.140, which is in line with the 23.6% fibonacci retracement to the 1st resistance at 20.005, where […]
This year’s final quarter began on a pessimistic note, with the US stock market losing more than 1.5 percent on Friday, cementing short-term risk aversion and bearish sentiment. Risk assets picked up the baton on Monday and extended the bearish trend. European markets sank by more than half a percent, the S&P 500 futures struggle […]
Type: Bearish Momentum Key Levels:Resistance: 691.0 Pivot: 661. 40 Support: 675.60 Preferred Case:The overall price on the H4 is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Price attempted but failed to breach the first resistance level at 691.00. Price responded with a massive rejection […]
On Monday, the BTC is balancing near 19,093 USD, slightly growing. The market situation is not changing. The area between 18,000-19,000 USD remains the range of important support levels, and all the bearish attacks until now failed to break through the lower border of the channel. To go confidently and consistently, the BTC must rise […]