Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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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 break 2/8 and then continue falling to reach the support at 1/8. However, this scenario may no longer be valid […]
JP Morgan Lifts Profit ForecastsShares in US bank JP Morgan are seeing better demand this week following an encouraging profit forecast from the bank yesterday. Notably, the Morgan lifted its forecasts for interest income fuelling a 6% rally yesterday. The bank now projects net interest income of $56 billion this year, a sharp increase from […]
EURCAD Testing Key LevelEURCAD is on watch for me here. I was a little premature it seems at the start of the month looking for a breakout. However, following the failed downside break of 1.3439 price has since reversed sharply higher, breaking out above the bear channel top. Bulls can now look for a break […]
EURUSD is keeping its positive momentum but experiencing slight corrections now and then. The major currency pair continues moving upwards. The current quote for the instrument is 1.0711. There were no important macroeconomic statistics early this week and investors were mostly focused on technical aspects. In the pause between two important meetings of the US […]
AUDUSD is declining in response to disappointing statistics. The Australian Dollar stopped rising against the USD on Tuesday; right now, the Aussie is retreating. The current quote for the instrument is 0.7102. The preliminary statistics published in the morning showed that the Manufacturing PMI in Australia dropped to 55.3 points in May after being 68.8 […]
Indian crude processing increases in April as low-cost Russian oil boosts returns. According to government data released on Tuesday, Indian refiners’ April crude oil throughput was 8.5 % higher year on year, as refiners ramped up runs to take advantage of high returns from discounted Russian oil purchases. According to the data, crude oil throughput […]
Many countries, led by Turkey, are seeking to secure their natural gas needs by concluding agreements and contracts with producing countries, after gas prices in the spot market witnessed record increases during the recent period. In this context, the Turkish Minister of Energy and Natural Resources, Fatih Donmez, announced the conclusion of a deal with […]
Type: Bullish RiseKey Levels:Resistance: 1.09207Pivot: 1.07161Support: 1.05488Preferred Case:On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will continue in its bullish momentum from our pivot at 1.07161 in line with 61.8% Fibonacci retracement, to our 1st resistance at 1.09207 at the swing high.Alternative Scenario:Price may reverse and […]
The Monday rebound of US equity markets increasingly resembles yet another “dead cat bounce” – already on Tuesday, futures on US indices (an indicator of sentiment on the US equity market after the close) and European stock indices have suffered significant losses, indicating that the S&P 500 will likely retest 3900 level at the New […]
• Gold broke resistance level 1855.00• Likely to test resistance level 1900.00 Gold continues to rise after the earlier breakout of the resistance level 1855.00 (former support from the start of May) and the 50% Fibonacci correction of the downward impulse from last month. The breakout of the resistance level 1855.00 should accelerate the active […]
• GBPCHF under bearish pressure• Likely to fall to support level 1.1955 GBPCHF currency pair under the bearish pressure after the price broke below the key multi-month support level 1.2100 (lower boundary of the sideways price range from the start of March). The breakout of the support level 1.2100 continues the active impulse waves (iii), […]
EURUSD, “Euro vs US Dollar” EURUSD is moving within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.0615 and then resume moving upwards to reach 1.0825. Another signal in favour of a further uptrend will be […]