Market Analysis

Type: Bullish Rise Key Levels:Resistance: 13373Pivot: 12616Support: 12383 Preferred Case:On the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the […]

EURUSD, “Euro vs US Dollar” EURUSD continues falling inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0095 and then resume moving downwards to reach 0.9745. Another signal in favour of a further downtrend will be […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3125. Later, the market may break this level […]

Metals Heading Lower as USD Rallies The metals complex is looking vulnerable to a further drop lower this week as both gold and silver start the week under offer. Resurgent strength in USD on the back Friday’s bumper jobs report reflects the re-sharpened focus on hawkish Fed expectations. With traders now widely anticipating a further […]

The dollar continued to strengthen on Monday after the release of the US labor market report on Friday, which did not confirm market pessimism about the US economy, reinforcing the view that the US is now an “island of stability” for large capital. The key measures of the US labor market remained in June at […]

COVID Backlash in China Shares in Sands China Ltd, the leading developer and owner of integrated resorts and casinos in Macau are in freefall today. The drop in the stock’s price comes in response to news that China has shutdown all casinos and resorts in Macau as a result of soaring COVID cases there. The […]

EURUSD, “Euro vs US Dollar” After reaching the short-term downside target at 1.0072 and completing the ascending wave at 1.0180, EURUSD is falling towards 1.0120, thus forming a new consolidation range between the two latter levels. If later the price breaks this range to the downside, the market may resume falling towards 1.0057 or even […]

The BTC is smoothly declining. On Monday, the leading cryptocurrency is going down to $20,510. This is the third day of feeble sales in a row after on Friday, the crypto approached $22,300. An important resistance level remains at $23,500. It needs to be surpassed so that the price secures above it if the market […]

USDJPY reached new highs – the “greenback” continues to get stronger. The Japanese Yen plunged against the USD. The current quote for the instrument is 137.02. A new high for the pair is at 137.28. The USD keeps getting stronger, making the Yen retreat. Despite an unstable situation in the market, investors barely have any […]

After the slight rise, Bitcoin is undergoing a correction, forming a pattern resembling a flag. The price of Bitcoin is testing the local support at the level of 20750 away from which it might jump again. Brent oil has pulled from the psychological level of 100 and is heading up. Once the oil has reached […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has rebounded from the resistance level. 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 0.6830 and then resume moving downwards to reach 0.6585. Another signal in favour of a […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the asset may reverse in the form of a new rising impulse. In this case, the upside correctional target may be the resistance level […]