Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• CADJPY currency pair reversed from support area • Likely to rise to resistance level 91.00 CADJPY currency pair earlier reversed up from the support zone located between the round support level 90.00 (which has been reversing the pair from the middle of January), support trendline from September, lower daily Bollinger Band and the 50% […]
• Dow Jones reversed from support area • Likely to rise to resistance level 35000.00 Dow Jones index today reversed up from the support area located between the multi-month support level 33425.00 (which has been reversing the index from the start of 2021), lower weekly Bollinger Band and the 50% Fibonacci correction of the previous […]
GBPUSD is falling attacked by the “greenback” The British Pound is falling against the USD on Tuesday. The current quote for the instrument is 1.3580. Revival of the global demand for the “greenback” as a “safe haven” asset makes the Pound retreat. The statistics published yesterday showed that the Rightmove HPI added 2.3% m/m in […]
EURUSD retreated; the “greenback” is in demand. The major currency pair dropped on Tuesday. The current quote for the instrument is 1.1327. The demand for “safe haven” assets revived and the “greenback” rose to the occasion. As long as risk aversion dominates the global market, the American currency will continue strengthening. The statistics published yesterday […]
Kernel Holdings Under PressureKernel Holdings, the world’s largest producer/exporter of sunflower oil, has seen volatile price action over recent sessions. The Ukrainian company has seen heavy selling in recent days as fears over a fresh military conflict between Russia and Ukraine continue to grow. The build up of Russian troops on the border with Ukraine […]
Three Key US Data Release to WatchThe key data focus for today’s US session will be the release of the US services and manufacturing PMIs as well as the latest consumer confidence update. Given the broad strength we have seen across recent indicators, the expectations today is that both services and manufacturing will improve to […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted 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 1.1510. However, an alternative scenario implies […]
Type: Bearish DownsideKey Levels:Resistance: 1910.9Pivot: 1903.9Support: 1880.8Preferred Case:Prices have been on bullish momentum and have consolidated in a parallel channel. With a potential double top spotted, we see the potential for a pullback from our Pivot at 1903.9 in line with 161.8% Fibonacci Projection towards our 1st support at 1880.8 which is an area of […]
Mixed Start For MetalsIt’s been a mixed start to the week for the metals market with plenty of two-way action seen already since the Asian open last night. Gold prices weakened initially but have since found better demand once again into the European open, these moves have been broadly tracked by silver also. The key […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.1313 and then returning to 1.1366, EURUSD is consolidating below the latter level. Possibly, the pair may form a new descending structure to break 1.1323 and then continue falling towards 1.1255. On the other hand, if the price grows and breaks 1.1370, the market […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading above it to indicate a possible ascending tendency. In this case, the price is expected to test the resistance at 3/8, break it, and then continue growing to reach 4/8. Still, this scenario […]
The Russian Ministry of Finance and the Central Bank are unable to reach an agreement on how to cope with the rise of cryptocurrency. Despite the central bank’s worries, Russia’s finance ministry is sticking to its intentions to deploy Bitcoin technology. The debate between the Ministry of Finance and the Bank of Russia heated up […]