Market Analysis

The BTC is so low that it looks like an illusion. However, this is the reality – on Wednesday the leading cryptocurrency goes on falling, trading at 21,363 USD. All the negative forecasts have come true, and in quite a short time. The BTC broke through all important support levels and dropped to the important […]

The Japanese yen started falling against the US dollar after a pause. The current quote is 135.02. The morning statistics demonstrated that orders for mechanical engineering produce in Japan in April grew by 10.8% m/m, being much higher than the expected -1.5%. In yearly perspective, the index grew by 19.0% against the 5.3% y/y forecast. […]

Spot market prices for LNG tankers this week set annual records, with more long-term leases; This limited the supply of ships to the spot market. This was caused by increased demand for LNG and buyers’ shunning of Russian cargo and ships, following its invasion of Ukraine, according to Putin & Partners, a ship brokerage and […]

Oil prices are falling in volatile trading.. Brent crude is above $120 Oil prices fell, in volatile trading today, Wednesday, June 15, 2022, amid fears that the economic recession and new closures of the Corona virus in China will affect oil demand. Crude prices had started trading on a rise today, before an expected big […]

The Fed will likely yield to the hawkish market expectations and hike interest rate by 75 bp today. Nevertheless, even with such an aggressive move, it cannot be ruled out that the dollar will go into decline following the meeting. Why? Since last Friday, when the May CPI was released, the dollar index has strengthened […]

Type: Bearish MomentumKey Levels:Resistance: 1.2124Pivot: 1.2057Support: 1.1855Preferred Case:On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 1.2057 in line with the swing high resistance to the 1st support at 1.1855 in line with the 78.6% fibonacci projection and 161.8% fibonacci extension […]

EURUSD, “Euro vs US Dollar” The currency pair has secured above the Tenkan-Sen line and is moving under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.0515 is expected, followed by falling to 1.0275. An additional signal confirming the decline might become a bounce off the upper […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a reversal pattern Hammer. Going by the pattern, the quotes got in an ascending impulse. The goal of further correction might be the resistance level of 1830.00. However, the market situation might develop in such a way that the quotes will fall to […]

Type: Bullish RiseKey Levels:Resistance: 9976Pivot: 9202|Support: 9124Preferred Case:On the H4, with price moving above the icihimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise from the pivot at 9202 in line with the 78.6% fibonacci projection to the 1st resistance at 9976 at the horizontal swing high.Alternative […]

Type: Bearish MomentumKey Levels:Resistance: 0.77520Pivot: 0.77310Support: 0.76480Preferred Case:On the H1, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 0.77310 in line with the swing high resistance to the 1st support at 0.76480 in line with the 161.80% fibonacci extension , 100% fibonacci projection […]

EURUSD, “Euro vs US Dollar” On H4, the pair formed a reversal Hammer pattern at the support level. Currently, if the pair goes by the signal, it might provoke an ascending impulse. The goal of the growth will be 1.0490. However, the price can still fall to 1.0340 without a pullback to the resistance level. […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-days Moving Average, which indicates a downtrend. A test of 1/8 is expected, followed by a breakaway and a decline to the support level of 0/8. The scenario can be cancelled by a breakaway of the support level of 3/8 upwards. In […]