Market Analysis

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. However, this scenario may no longer […]

Global energy consumption increased by 5.8% over the past year (2021), to exceed pre-corona epidemic levels, with the recovery of economic activity. The annual statistical review issued by the British oil company BP, which was seen by the Energy Research Unit, showed that global energy consumption exceeded 2019 levels by 1.3%. At the same time, […]

Hawkish Lagarde CommentsComments from ECB’s Lagarde this morning underlined the hawkish shift taking place at the ECB. Making her opening comments at the bank’s Sintra Forum in Portugal, Lagarde warned that the ECB would be nimble in its policy approach.The ECB chief said that while current plans are for a .25% hike in July, the […]

Type: Bullish RiseKey Levels:Resistance: 123.56Pivot: 113.13Support: 106.65Preferred Case:On the H4, with price recently breaking the descending trendline, we have a bullish bias that price will continue to rise from the pivot at 113.13 at the pullback support in line with the 38.2% fibonacci retracement to the 1st resistance at 123.56 at the horizontal swing high […]

AUDUSD ignores bad forecasts for the Australian GDP. The Aussie is slowly growing against the USD on Tuesday. The current quote for the instrument is 0.6957. The local weakness of the American currency allows the Aussie to recover a bit. At the same time, investors are paying no attention to negative news. According to S&P […]

EURUSD is keeping its positive momentum and getting ready to attack. The major currency pair got another chance to continue rising. The current quote for the instrument is 1.0589. Market sentiment reached stability, demand for the “safe” USD reduced, and other traded currencies got a chance to rebound – the EUR is in pretty strong […]

Key US stock indexes failed to build on the success of last Friday on Monday recording slight decline. Today futures on US indices and European equities rallied with gains not exceeding 1%. The FX market is dominated by range-bound moves, the dollar index trades near the opening below the level of 104. Further upside advances […]

EURUSD Double Bottom on Watch Price action in EURUSD is starting to look interesting here. The pair has been moving steadily lower within a clearly defined bear channel from the 2021 highs. However, recently we’ve seen the pair finding big support at the 1.0364 level, which has paused the decline for now. We’re seeing big […]

EURUSD, “Euro vs US Dollar” After completing the ascending wave at 1.0614, EURUSD is correcting down to 1.0555. Later, the market may trade upwards to reach 1.0629 and then resume falling with the target at 1.0440. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the ascending wave at 1.2330 along with the correction […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Engulfing 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 the resistance level at 1837.00. At […]

Gold & Silver Bouncing Within Recent RangesMetals traders may well now be thinking what is it going to take to see gold and silver break out of these ranges? Despite all the various economic and geopolitical events of note over the last month two months, both metals are still well within their recent ranges and […]

Type: Bearish MomentumKey Levels:Resistance: 780’3 Pivot: 758’5Support: 720’4Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trend channel, we have a bearish bias that price will drop from the pivot at 758’5 in line with the overlap support to the 1st support at 720’4 in line with the 78.6% […]