Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Daily Market Outlook, July 26, 2022 Overnight Headlines Stock Bulls Deluded By ‘Wishful Thinking,’ Morgan Stanley Warns Coinbase Faces SEC Investigation Over Cryptocurrency Listings BoJ Board Agreed On Need For Ultra-Low Rates: June Meeting Minutes RBA’s Harper: Australia’s Economy Robust, Can Withstand Hikes Korea’s Economy Accelerates, Giving Scope To Keep Raising Rates Dollar Near Recent […]
• WTI reversed from support area • Likely to rise to resistance level 100.00 WTI crude oil currency pair recently reversed up from the support area located between the key support level 93.40 (which has been reversing the pair from March) and the 50% Fibonacci retracement of the upward trend from December. The upward reversal […]
• CADJPY reversed from support area • Likely to rise to resistance level 107.40 CADJPY currency pair recently reversed up from the support area located between the key support level 105.00, support trendline from June, 20-day moving average and the 61.8% Fibonacci correction of the earlier upward impulse from the start of July. The upward […]
Type: Bullish Rise Key Levels:Resistance: 32496Pivot: 31855Support: 31475 Preferred Case:On the H4, with prices moving above the ichimoku indicator and having broken the descending trendline, we have a bullish bias that price will rise from the pivot at 31855 where the pullback support is to the 1st resistance at 32496 where the pullback resistance, 78.6% […]
Another Leg Lower for Gas? Following a strong start to the year, gasoline futures have seen a sharp correction lower over recent weeks. The market has shed around 30% from the early June highs, trading from 4.3588 down to around 3.0590 currently. The driver behind the move has been the combination of tighter Fed rates, […]
Type: Bullish Rise Key Levels:Resistance: 0.77970Pivot: 0.77300Support: 0.76465 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.77300 where the overlap support is to the 1st resistance at 0.77970 where the swing high resistance is. […]
Type: Bullish Rise Key Levels:Resistance: 13864Pivot: 13361Support: 12968 Preferred Case:On the H4, with price moving in an ascending trendline, moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 13138 at the pullback support. If price breaks the intermediate resistance […]
• Natural gas broke resistance level 7.960 • Likely to rise to resistance level 9.000 Natural gas recently broke through the resistance level 7.960 (top of the previous wave (iv) from the middle of June) intersecting with the 61.8% Fibonacci correction of the earlier downward correction (B) from last month. The breakout of the resistance […]
• EURCHF reversed from support area • Likely to rise to resistance level 0.9940 EURCHF currency pair recently reversed up from the support zone located between the pivotal support 0.9820 (which stopped wave 3 in the middle of this month) and the lower daily Bollinger Band. The upward reversal from this support area can form […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a new consolidation range around 1.0202. According to the main scenario, the pair may break the range to the downside and start another decline to reach 1.0144. If later the price breaks this level as well, the market may continue moving within the downtrend with the target […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be […]
Type: Bullish Rise Key Levels:Resistance: 9.060Pivot: 8.115Support: 7.195 Preferred Case:On the H4, with prices moving above the ichimoku cloud and in an ascending trend channel, we have a bullish bias that price will rise from the pivot at 8.125 in line with the pullback support to the 1st resistance at 9.060 where the pullback swing […]