Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• EURAUD reversed from support level 1.4325 • Likely to rise to resistance level 1.4470 EURAUD currency pair recently reversed up from the key support level 1.4325 (which stopped the previous sharp downward impulse wave (5) in April). The support area near the support level 1.4325 was strengthened by the lower daily Bollinger Band. The […]
Type: Bearish Drop Key Levels:Resistance: 2036.4Pivot: 1952.5Intermediate Support: 1920.4Support: 1841.8 Preferred Case:With the price moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that the price may rise to the pivot at 141.950, which is in line with the 161.8% fibonacci projection and swing high to the 1st resistance at […]
Type: Bullish Rise Key Levels:Resistance: 0.0074025 Pivot: 0.0073045 Support: 0.0072360 Preferred Case:With the price moving within the descending trendline and crossing below the MA, we have a bearish bias that the price may drop to the pivot at 0.0073045, where the previous swing low is. If the pivot is broken, we can expect the price […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1770.50. At the same time, […]
Despite the strong “greenback”, USDJPY has been slowly falling the entire week. The Japanese Yen is retreating a little bit against the USD on Friday. The current quote for the instrument is 137.02. The statistics published in the morning showed that the Tokyo Core CPI was 2.6% y/y in August after being 2.3% y/y and […]
• AUDCHF reversed from key resistance level 0.6710 • Likely to fall to support level 0.6650 AUDCHF currency pair recently reversed down from the key resistance level 0.6710 (which has been steadily reversing the price from the start of July), intersecting with the upper Bollinger Band and the 38.2% Fibonacci correction of the earlier sharp […]
• General Electric reversed from resistance level 80.00 • Likely to fall to support level 75.00 General Electric recently reversed down from the round resistance level 80.00 (which has been reversing the price from the start of May), intersecting with the upper Bollinger Band and the resistance trendline from January. The downward reversal from the […]
Type: Bearish Drop Key Levels:Resistance: 13669Pivot: 13346Support: 12999 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 13346 where the overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci projection are to the 1st support […]
Type: Bearish Drop Key Levels:Resistance: 22485Pivot: 20720Support: 18870 Preferred Case:On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20720 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting inside the Triangle pattern. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1835 and then resume moving downwards to reach 1.1565. Another signal in favour of […]
Once again, activity in the BTC is low. On Friday, the major crypto remains at $21,420; it has been moving inside a narrow range the entire week. The BTC isn’t moving away from $21,500. The scenario remains the same – to resume rising, the asset must secure above $22,000. Today’s highlight is an annual symposium […]
USD GDP On Watch Today’s revised US Q2 GDP figures will be closely watched ahead of Fed chairman Powell’s Jackson Hole speech tomorrow. The initial figures pegged a dire -0.9% reading for the quarter and current forecasts suggest only a mild improvement to -0.7%. While this reading would confirm a technical recession in the US, […]