Market Analysis

• GBPCAD reversed from support zone• Likely to rise to resistance level 1.6500 GBPCAD currency pair recently reversed up sharply from the support area located between the key support level 1.5910 (which has been reversing the pair from the end of 2016) and the lower weekly Bollinger Band. The upward reversal from this support area […]

Daily Market Outlook, April 29, 2022 Overnight Headlines China And U.S. Negotiate On-Site Audit Checks As Delistings Loom RBA To Raise Rates To 0.25% On Tuesday, To End Year At 1.50% – RTRS Poll More UK Companies See Price Increases Even As Economy Slows Dollar Towers At Two-Decade High On Growth Woes, Fed Outlook Goldman […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new correctional impulse. In this case, the upside correctional target may be at 1.0575. However, an alternative scenario […]

BRENT In the H4 chart, after breaking the 200-day Moving Average, Brent is trading above at above it to indicate a possible ascending tendency. In this case, the price is expected to test 2/8, break it, and then continue moving upwards to reach the resistance at 3/8. However, this scenario may no longer be valid […]

JPY Sees Heavy SellingAnother week comes to a close in financial markets, as we round the first third of the year. Once again, it’s been a very interesting week with plenty of big moves to note. In the FX space specifically, it seems that the main theme capturing attention this week has been the continued […]

CIBCFX FlowsUS$ kicked off the final trading day of April softer, we believe it is just pure profit taking into the long weekend.Its magic. No Japanese rhetoric yet the $YEN weakened for no apparent reason. Started the session at 130.95, the pair slowly declined to 130.365. Call it position adjustment ahead of weekend or month-end […]

• WTI reversed from support level 95.00• Likely to rise to resistance level 108.80 WTI crude oil recently reversed up from the key support level 95.00, which has been reversing the price from the end of February. The support area near the support level 95.00 was strengthed by the lower daily Bollinger Band by the […]

The BTC has been successfully recovering for a couple of days but bears struck back. The major cryptocurrency is mostly trading at $39,573. The key intrigue is the US Fed’s May meeting. Market expectations imply a 50-point rate hike and they are already included in prices. However, after yesterday’s GDP Q1 2022 report, which showed […]

EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0470 and forming a new consolidation range around 1.0515, EURUSD is expected to break it to the downside and reach 1.0466. Later, the market may start a new correction towards 1.0600 and then resume trading downwards with the target at 1.0515. GBPUSD, “Great Britain […]

Addressing climate change has become an urgent imperative on the agenda of global companies, not only to reduce carbon emissions and thus protect societies, but also to drive innovation that will benefit them as well. In this respect, companies play an important role to invest in solutions to protect the planet and the economy, and […]

Oil prices rose about 1% during trading today, Friday, for the fourth consecutive day, as fears of disruption of Russian supplies outweighed the closures in China, the largest importer of crude in the world, due to the outbreak of the Corona virus. Yesterday, Thursday, oil prices ended more than 3% higher, after volatile trading, with […]

AUDJPY On WatchAUDJPY price action is worth monitoring here. The recent ascent above the 94.23 level saw plenty of bearish divergence before the market topped out and corrected lower. Price is currently holding a ledge of support at the 90.76 level. While this region holds, the focus remains on a continued grind higher. However, if […]