Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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S&P On The Cliff EdgePrice action in the ES (Emini S&P futures) is looking very interesting to the short side here. Yesterday’s large outside candle holds the potential to drive a fresh phase of weakness in the index. Following the initial downside break of the bear channel, the subsequent correction ran into heavy selling and […]
Type: Bullish BounceKey Levels:Resistance: 648’1Pivot: 633’1Support: 626’0Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 648’1 in line with the horizontal pullback resistance and 61.8% Fibonacci projection from our pivot of 633’1 in line with the 38.2% Fibonacci retracement and horizontal […]
• AUDCHF reversed from support area• Likely to rise to resistance level 0.6900 AUDCHF today reversed up from the support area lying at the intersection of the support level 0.6835 (former resistance from March, acting as support now) and the lower daily Bollinger Band. This support area was further strengthened by the 38.2% Fibonacci correction […]
• GBPCHF reversed from key support level 1.2100• Likely to rise to resistance level 1.2200 GBPCHF today reversed up with the daily Long-Legged Doji from the key support level 1.2100 (which has been steadily reversing the pair from the start of March). The support zone near the support level 1.2100 was strengthened by the lower […]
AUDUSD is slowly moving close to its local lows – the asset still hopes for a recovery. The Australian Dollar is trying to rise against the USD on Thursday. the current quote for the instrument is 0.6966. The statistics published by Australia in the morning showed that the Unemployment Rate in the country dropped to […]
EURUSD remains volatile; the asset is very sensitive to any changes in the market sentiment. The major currency pair fixed within a sideways range on Thursday. the current quote for the instrument is 1.0482. The US economy is now getting real confirmation that an inflation boost might really damage its key elements and mechanisms. Quarterly […]
The flight from risk assets becomes more apparent on growing concerns about global slowdown and even recession, in particular, markets appear to be pricing in that the US economy will not be able to carry out soft landing (lowering inflation while maintaining positive GDP growth) that the Fed pledged to deliver in spite of aggressive […]
Tesla Shares Lower AgainTesla shares are back under pressure this week. With tech stocks among the hardest hit during the current risk-off action, Elon Musk’s alt-energy and vehicle making company has seen further losses. Tesla shares are now down around 40% from the April highs. However, the big news for Tesla this week is that […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is rebounding from the bearish channel’s upside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. Early in May, there was a similar test of the cloud, which resulted in a further downtrend. The markets could indicate that the price may re-test […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of another correctional impulse. In this case, the upside correctional target may be the resistance level at 1840.00. At […]
CIBCKey Headlines US$ kicked off the session bit weak, speculators probably sold $YEN reacted to weak UST yields. EUR$ also traded lower but was linked to EUR¥ cross. One information service provider reported there was decent block buying in the 2-year US note.FX FlowsFirst quarter flash GDP shrank 0.2% and annualised fell 1%. Nikkei Asian […]
Daily Market Outlook, May 18, 2022 Overnight Headlines Fed’s Powell: Will Keep Pushing Until Inflation Comes Down Fed’s Evans: Wants Smaller Rate Hikes By July Or September US To Block Russian Debt Payments, Raising Odds Of Default China Covid-19 Flareup Raise Risk Of More Disruptive Curbs Chinese New Home Prices Fall In First Time Since […]