Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Equities Rallying As USD Continues to Fall Global equities benchmarks have seen a much stronger start to the week. Extending gains from the backend of last week, the current equities rally is in good health again this week, owing much to the weakness in the US Dollar. With the greenback having pulled away sharply from […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which means the prevalence of the downtrend. A test of 4/8 is expected, followed by a breakaway and falling to the support level of 5/8. The scenario can be cancelled by breaking through 5/8, which might lead to a trend […]
• Palladium reversed from resistance level 2270.00 • Likely to fall to support level 2000.00 Palladium recently reversed down from the key resistance level 2270.00 (which has been reversing the price from the end of April). The resistance level 2270.00 was further strengthened by the nearby upper daily Bollinger Band and by the 38.2% Fibonacci […]
• GBPUSD reversed from resistance level 1.1740 • Likely to fall to support level 1.1400 GBPUSD recently reversed down from the key resistance level 1.1740 (former monthly low from July), 20-day moving average and the 38.2% Fibonacci correction of the downward impulse from August. The downward reversal from the resistance level 1.1740 continues the active […]
The dollar retreat eased pressure on oil prices as Brent price flirted with $95/bbl level on Monday. Despite the bounce and momentum that may drive prices higher, there are clear bearish risks for the market. The key among these is China’s “Zero Covid” policy, which has been creating demand shocks, driving up price volatility. The […]
UK Wages Rise As Unemployment Falls The latest UK labour market data released today has further increased expectations of aggressive tightening action from the BOE. The unemployment rate was seen falling back to 3.6% in the three months to July, marking the lowest level of unemployment in the UK in almost 50 years. Additionally, wages […]
The British pound against the US dollar continues to recover. The current quote is 1.1717. Morning statistics demonstrated that the unemployment rate in Britain in July suddenly dropped to 3.6% from 3.8% earlier. Also, average earnings in the previous quarter grew by 5.5% against the forecast 5.4% and previous growth by 5.2%. Mind the unemployment […]
The market major on Tuesday remains strong, the current quote is 1.0148. No important news was published yesterday, so investors had enough time to show their positive attitude in the quotes. At the meeting in September the ECB gave absolutely unambiguous signals of readiness to make its credit and monetary policy tougher. This will take […]
Type: Bearish Drop Key Levels:Resistance: 2.5200Pivot: 2.3944Support: 2.2874 Preferred Case:On the H4, with price moving within the descending trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 2.3944, where the current price and 38.2% fibonacci retracement are to the 1st support at 2.2874, which is […]
Type: Bullish Breakout Key Levels:Resistance: 25208.52Pivot: 22511.84Support: 20711.10 Preferred Case:On the H4, with price breaking out of a descending channel and moving above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 22511.84 where the pullback resistance, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Once there is upside […]
XAUUSD, “Gold vs US Dollar” At a pullback, near the support area, gold has formed a Harami reversal pattern. The pair is going by the pattern by an ascending impulse. The goal of growth might be 1740.00. However, the quotes might fall to 1710.50 before growing. NZDUSD, “New Zealand Dollar vs US Dollar” On H4 […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the upper border of the Cloud. The quotes are above the Cloud, which indicates an uptrend. A test of the lower border of the Cloud at 1.1510 is expected, followed by growth to 1.2025. One more signal confirming the growth will be a bounce […]