Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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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 – […]
Type : Bullish Momentum Key Levels:Resistance : 105.580 Pivot: 103.520 Support : 102.780 Preferred Case: On the H4, price expected to bounce off the ichimoku cloud support which supports our bullish bias that price will rise from our pivot at 103.520 in line with the swing low support and 50% Fibonacci retracement to the 1st […]
Type: Bullish RiseKey Levels:Resistance:322.8Pivot:317.7Support:313.65Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken out of the descending trendline which supports our bullish bias that price will rise from the pivot at 317.7 where the pullback support is to the 1st resistance at 322.8 in line with the swing high resistance, 61.8% […]
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 2/8, break it, and then continue falling to reach the support at 0/8. However, this scenario may no longer […]
EURUSD, “Euro vs US Dollar” After expanding the consolidation range up to 1.0545, EURUSD is forming a new descending structure to test 1.0490 from above. Later, the market may start another growth to reach 1.0620 and then resume falling with the target at 1.0447, or even extend this structure down to 1.0270. GBPUSD, “Great Britain […]
Type:Bearish DropKey Levels:Resistance: 8811Pivot: 8648Support: 7989Preferred Case:On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 8648 in line with the pullback resistance and 23.6% fibonacci retracement to the 1st support at 7989 in line with the overlap support and 161.8% fibonacci […]
Type:Bullish RiseKey Levels:Resistance: 800’0Pivot: 782’2Support: 770’6Preferred Case:On the H1, price is moving above the ichimoku cloud and within the ascending channel which supports our bullish bias that price will rise from the pivot at 782’2 where the overlap support, 78.6% fibonacci projection and 50% fibonacci retracement are to the 1st resistance at 800’0 in line […]
EURUSD, “Euro vs US Dollar” On H4, the quotes of EURUSD are under the 200-days Moving Average, which indicates the prevalence of a downtrend. Currently, we should expect a test of 4/8, a breakaway of it, and a decline to the support level of 2/8. The scenario can be cancelled by a breakaway of 5/8 […]