Market Analysis

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the resistance area. At the moment, EURUSD may reverse in the form of a new descending impulse. In this case, the downside target may be at 1.0420. However, an alternative scenario implies […]

EURUSD, “Euro vs US Dollar” After completing the correction at 1.0577, EURUSD is forming a new descending structure to break 1.0395 and may later continue falling with the target at 1.0210. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correctional wave at 1.2320; right now, it is trading downwards to break 1.2065 […]

Type Bearish Reversal Key levels:Resistance: 138.784 Pivot: 135.589 Support:131.521 Preference: On the H4, with price approaching and expected to reverse off stochastic indicator, we have a bearish bias that price will drop from our pivot at 135.589 in line with the swing high resistance and 61.8% fibonacci projection to our 1st support at 131.521 in […]

Type:Bullish Bounce Key levels:Resistance:1.24024 Pivot:1.21828 Support:1.20365 Preference: On the H4, with prices breaking above the ichimoku indicator, we have a bullish bias that price will drop and rise from our pivot at 1.21828 where the horizontal overlap support and 50% fibonacci retracement to our 1st resistance at 1.24024 in line with the 61.8% fibonacci projection, […]

After a turbulent past week, calm has finally returned to the markets. Demand for risk assets slowly recovers: European indices have been rising for the third day in a row, US futures rebounded by more than 1.5% on Tuesday. The dollar index (DXY) fell against the euro and the pound, rose against commodity currencies amid […]

Global equities benchmarks are seeing a more positive open on Tuesday. With the recent rally in USD pausing for now, equities traders are bidding up the indices tracked here with gains across the board today. US markets were out yesterday for the bank holiday so volume is expected to be at a better level today […]

EURUSD is awkwardly growing. The major currency pair is trying to keep its positive momentum on Tuesday. The current quote for the instrument is 1.0527. The macroeconomic calendar was empty early in the week: the US had a holiday; the Euro Area didn’t offer a lot of numbers. However, investors still had something to pay […]

Type:Bullish RiseKey Levels:Resistance: 951.1Pivot: 938.1Support: 927.5Preferred Case:On the H4, with price moving above the ichimoku cloud and along the ascending trendline, we have a bullish bias that price will rise from our pivot at 938.1 in line with the pullback support to the 1st resistance at 951.1 in line with the 61.8% fibonacci projection , […]

GBP Rallying Hard On Hawkish BOE CommentsGBP is on the move north this week amidst hawkish comments from key BOE members. Yesterday, BOE’s Mann said that the BOE’s failure to match the Fed’s aggression in terms of tightening had left the country vulnerable to further increases in inflation. Mann called on the need for greater […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance level, USDCAD may reverse in the form of another descending impulse. In this case, the downside target may be the support area at 1.2870. Later, the market may rebound from […]

GBPUSD is slowly rising; investors are keeping an eye on risks. The Pound sterling is growing a little bit against the USD on Tuesday. The current quote for the instrument is 1.2305. This month was pretty rough for the British currency. It seems like it is taking a short break now, but reasons for concern […]

Gold prices fell, during trading today, Tuesday, June 21, 2022, with the increase in US bond yields. This comes in light of investors’ anticipation of the position of major central banks to raise interest rates to get a clearer view of bullion. Gold Prices Today The price of gold futures contracts – August delivery – […]