Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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US Retail Sales Up NextUS retail sales will be the key data focus over today’s US session. On the back of better-than-expected jobs and inflation data for January, a strong reading today should help USD get back on track following a quieter couple of sessions. With risk sentiment rebounding amidst optimism that Russia/Ukraine tensions are […]
Canadian CPI In FocusThe release of Canadian CPI due later today puts the focus on the Canadian Dollar. With oil prices remaining at highs over January and with supply-side issues yet to be resolved, the market is looking for CAD CPI to rise across all metrics. Looking at the headline monthly reading, the market forecasts […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD is consolidating around 38.2% fibo. This consolidation range may be followed by a new rising impulse. The mid-term upside targets may be 61.8% and 76.0% fibo at 1.3833 and 1.3987 respectively. The key support remains at the low at […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.1348. Today, the pair may grow with the short-term target at 1.1388. Later, the market may correct to return to 1.1348 and then form one more ascending structure towards 1.1416. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.3520; it has already expanded […]
Daily Market Outlook, February 15, 2022 Overnight Headlines Japan’s Economy Rebounds During Lull Before Omicron Wave Analysts Say PBoC May Cut RRR, Interest Rates This Year – CSJ China Banks Boost Lending To Property Sector In January – CSJ Australia’s Central Bank Has Goals In Sight, Just Waiting On Wages CBA Brings Forward First RBA […]
Type: Bullish BounceKey Levels:Resistance: 45638.02Pivot: 41318.43Support: 39787.44Preferred Case:Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 78.6% Fibonacci projection. Our bullish bias is further supported by the Ichimoku cloud indicator […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1318; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1365 and then resume moving downwards to reach 1.1190. Another signal in favour of a further downtrend will be a […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 5/8 and then resume falling to reach the support at 3/8. However, this scenario may no longer […]
Type: Bearish ContinuationKey Levels:Resistance: 15254Pivot:Support:Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 14478 in line with the 38.2% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 13843 in line with the horizontal swing low support and 61.8% Fibonacci projection level.Alternative […]
Type: Bearish ContinuationKey Levels:Resistance: 154’04Pivot: 153’15Support: 151’04Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 153’15 in line with the 50% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 151’04 in line with the horizontal swing low support and 78.6% Fibonacci […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, the asset is quickly correcting to the upside after convergence on MACD. After reaching and testing 23.6% fibo, the pair has started a slight pullback within this correctional uptrend. After this pullback is over, the price may form another rising impulse towards […]
EURUSD, “Euro vs US Dollar” Having completed another descending structure at 1.1280, EURUSD is expected to grow towards 1.1334 and then fall to reach 1.1307, thus forming a new consolidation range between the two latter levels. If the price breaks the range to the upside, the market may form one more ascending structure with the […]