Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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EURUSD plummeted and this decline may not be over. The major currency pair plunged over the last 24 hours. The current quote for the instrument is 1.1087. The EURUSD weakness is directly connected with the global risk aversion due to commodity and humanitarian crises. The “greenback” acts as a “safe haven” asset, which investors […]
AUDUSD is keeping its positive momentum, although the sentiment is changing. The Australian Dollar is rising against the USD on Wednesday. The current quote for the instrument is 0.7251. The rising wave in AUD formed earlier slowed down last night due to the increased demand for “safe haven” assets. At the moment, the markets are […]
Type: Bullish BounceKey Levels:Resistance: 374.3Pivot: 330.6Support: 307Preferred Case: Price is near pivot level of 330.6 in line with 50% Fibonacci retracement ands 127.2% Fibonacci projection. Price can potentially bouce to the 1st resistance of374.3 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is supported by the Ichimoku cloud indicatorAlternative Scenario:Price […]
Type: Bullish ContinuationKey Levels:Resistance: 1755’2 Pivot: 1632’4Support: 1578’2Preferred Case:On the H4 , price is near pivot level of 1632’4 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci projection. Price can potentially go to the swing high support of 1755’2 in line with 78.6% Fibonacci projection. Our bullish bias is supported by the Ichimoku cloud […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 7/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price […]
Type: Bullish ContinuationKey Levels:Resistance: 1942.4Pivot: 1890.8Support: 1879.9Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1890.8 in line 100% Fibonacci retracement towards our 1st resistance at 1942.4 in line with 61.8% Fibonacci Retracement . Our bullish bias is further supported […]
Credit AgricoleAsia overnight A lack of fresh news on the Russia-Ukraine front, as well as better-than-expected China PMI data, led to modest risk-on trading in the Asian session. Most Asian bourses were trading higher and S&P 500 futures slightly in the red at the time of writing. G10 FX traded in tight ranges during the […]
EURUSD, “Euro vs US Dollar” After completing another descending wave at 1.1140 along with the correction towards 1.1245, EURUSD is expected to form one more descending structure to return to 1.1140. Later, the market may break the latter level and continue trading downwards with the short-term target at 1.1040. GBPUSD, “Great Britain Pound vs US […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.1280. However, an alternative scenario implies that […]
Type: Bullish ContinuationKey Levels:Resistance: 100.61Pivot: 94.95Support: 93.84Preferred Case:Prices are on bullish momentum and abiding to our ascending channel. Price is near pivot level of 94.95 in line with 50% Fibonacci retracement level. Hence, price might potentially bounce from this pivot level to the 1st resistance level of 100.61 which is also the graphical swing high […]
Type: Bullish ContinuationKey Levels:Resistance: 24.820Pivot: 24.335Support: 24.150Preferred Case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.335 in line 50% Fibonacci retracement towards our 1st resistance at 24.820 in line with 50% Fibonacci Retracement . Our bullish bias is further […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the correction at 1.1494, EURUSD is falling; it has already formed the descending structure with the short-term target at 1.1106 along with another correction to reach 1.1270. Possibly, the pair may rebound from this level and start a new decline […]