Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• Fedex reversed from support level 200.00• Likely to rise to resistance level 210.00 Fedex earlier reversed up from the key round support level 200.00 (which stopped the previous intermediate impulse wave (C) at the start of March) – standing near the support trendline of the weekly down channel from August. The upward reversal from […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hanging Man, not far from the resistance area. At the moment, the asset is reversing in the form of another correctional impulse. In this case, the downside correctional target may be the support level […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 6/8. However, this scenario may be cancelled if […]
Yields in the United States have risen in response to data and an ECB statement. The benchmark 10-year US Treasury yield rose slightly on Thursday, following a flurry of economic data and a policy announcement from the European Central Bank that was less aggressive than expected. Retail sales increased by 0.5 % in March, falling […]
Type: Bullish BounceKey Levels:Resistance: 1.0947Pivot: 1.08102Support: 1.06461Preferred Case:Price is near a key pivot. We see the potential for a bullish bounce from our pivot level of 1.08102 in line with 161.8% Fibonacci extension towards our 1st resistance level of 1.09381 in line with a 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is […]
Type: Bullish BounceKey Levels:Resistance: 0.68969Pivot: 0.68085Support: 0.67297Preferred Case:Price is near pivot level of 0.68085 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. It can potentially bounce up to 1st resistance level of 0.68969 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where […]
• GBPJPY reversed from key round resistance level 164.65• Likely to fall to support level 163.00 GBPJPY today recently reversed down from the key resistance level 164.65 (previous monthly high from March) – coinciding with the upper daily Bollinger Band. The downward reversal from the resistance level 164.65 stopped the previous impulse wave (i). Given […]
• Freversed from resistance level 134.60• Likely to fall to support level 132.00 CHFJPY currency pair recently reversed down from the key round resistance level 134.60 (previous multi-month high from 2015) – standing near the upper daily and weekly Bollinger Bands. The downward reversal from the resistance level 134.60 created the daily candlesticks reversal pattern […]
AUDUSD is stuck inside a narrow sideways range and waiting for new catalysts. The Australian Dollar is barely moving against the USD. The current quote for the instrument is 0.7443. The “greenback” weakened a bit and the other traded currencies got a chance to rebound. However, the Aussie didn’t take advantage of the situation. The […]
After updating this month’s lows, EURUSD quickly corrected. The major currency pair reached some stability. The current quote for the instrument is 1.0914. The “greenback” weakened yesterday: the US 10-year bond yield dropped, and market sentiment improved. Investors got interested in risky assets again and their demand for the USD declined. Today’s going to be […]
Gold prices fell in trading on Thursday, with the stability of high-risk assets, but the precious metal is still heading towards achieving a second consecutive weekly gain, driven by the safe haven demand caused by the Ukrainian crisis and the expansion of inflationary pressures. On Wednesday, gold prices ended higher, for the fifth consecutive session, […]
RBNZ Hikes by .5% We’ve seen plenty of volatility in the New Zealand Dollar over the last 12 hours, following the RBNZ April meeting. The bank took the bull by the horns and announced a .5% rate hike, taking rates back up to 1.5%, in a bid to combat ballooning inflation. While the market was […]