Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Type: Bearish MomentumKey Levels:Resistance:12233.00Pivot: 11793.75Support: 11080.25Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 11793.75 at the pullback resistance in line with the 50% fibonacci retracement to the 1st support at 11080.25 at the swing […]
EURUSD, “Euro vs US Dollar” EUTUSD is still consolidating around 1.0430. Possibly, today the pair may start a new correction to test 1.0480 from below and then resume trading downwards with the target at 1.0355 or even extend this structure down to 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.2100. […]
Type: Bearish MomentumKey Levels:Resistance: 0.68560Pivot: 0.67685Support: 0.66595Preferred Case:On the H1, with price moving below the ichimoku cloud and along the descending trendline , we have a bearish bias that price will drop to the pivot at 0.67685 in line with the swing low support and 78.6% fibonacci projection . Once we have downside confirmation that […]
Type: Bearish MomentumKey Levels:Resistance: 1580’4Pivot: 1495’1Support: 1420’2Preferred Case:On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop to the pivot at 1495’1 in line with the swing low support. Once there is downside confirmation of price breaking pivot structure, we […]
GBPUSD has fixed inside the range but any risk will make it retreat. The Pound sterling is looking rather neutral against the USD on Tuesday. The current quote for the instrument is 1.2110. There are still a lot of risks for the British currency. One of the latest is the decline in consumer confidence, which […]
EURUSD continues consolidating in anticipation of the news. The major currency pair remains stable on Tuesday. The current quote for the instrument is 1.0430. US markets were closed yesterday due to Independence Day, that’s why exchanges weren’t very active. However, today investors are expected to get back to their normal routine. The statistics published early […]
The International Energy Agency expects natural gas demand to decline slightly this year, with growth slowing further over the next three years. In a gas market report issued today, Tuesday (July 5), the Energy Agency attributed its expectations of a contraction in global gas consumption to high prices, with fears of more gas supplies being […]
Global economic growth optimism is fading rapidly, with major central banks vying to announce a “material” deterioration in real output forecasts and rising risks of stagflation. On Tuesday, the Bank of England made a worrying revelation with its Financial Stability Report, which said that economic outlook for the UK and globally had deteriorated markedly and […]
Type: Bullish RiseKey Levels:Resistance: 31872Pivot: 30931Support: 30412Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise from the pivot at 30931 in line with the pullback support and 38.2% fibonacci retracement to the 1st resistance at 31872 where the […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen. 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 1.0465 and then resume moving downwards to reach 1.0255. Another signal in favour of a further […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD may is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies […]
Oil prices are falling in volatile trading.. Brent crude is near $112 Oil prices declined, during trading today, Tuesday, July 5, 2022, with increasing fears of supply disruptions, amid a possible production cut in Norway. Fears of a lack of supplies, in conjunction with an increase in demand for fuel, overshadowed a possible global recession […]