Market Analysis

CitiEuropean OpenAsian traders came to markets that were already jittery following an equity sell-off late in the NY session, causing risk off sentiment to permeate through the session. High beta currencies were down, led by AUD and NZD, while JPY and CHF fared better. USD was broadly flat. US Treasury yields were down as well […]

Type: Bullish BounceKey Levels:Resistance: 35367Pivot: 34622Support: 34010Preferred Case:With price at the support of a the stochastics indicator, we are biased that price will rise from pivot at 34622 in line with the 78.6% Fibonacci retracement and horizontal swing low support to 1st resistance at 35367 in line with the 50% Fibonacci retracement level and the […]

BRENT In the H4 chart, after breaking 8/8, Brent is no longer trading within the “overbought area”. In this case, the price is expected to continue correcting downwards to reach the support at 7/8. However, this scenario may no longer be valid if the asset breaks 8/8 to the upside. After that, the instrument may […]

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 1.1390. However, an alternative scenario implies that […]

NZDCAD Breakdown Looking GoodThe drop off in risk assets across the week has benefitted our NZDCAD sell idea very nicely. Price has now broken through the initial target at .8475 and is on course to test the .8351 termination point next week. While oil prices have been a little lower into the back end of […]

Equities UnderwaterIt’s been something of a blockbuster week in markets with plenty of big moves across the board. As usual then, this means that some traders will be congratulating themselves, some will be commiserating, and some will be cursing themselves for missing the train altogether. Now, while there have been moves aplenty this week, it […]

EURUSD, “Euro vs US Dollar” After completing the ascending impulse at 1.1334, EURUSD is expected to correct towards 1.1316, thus forming a new consolidation range between these two levels. Later, the market may break the range to the upside and form one more ascending structure towards 1.1360 or even reach the target at 1.1435. GBPUSD, […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3585; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3620 and then resume moving downwards to reach 1.3390. Another signal in favour of a further downtrend […]

The increasing rates of inflation have reflected noticeably on the prices of electricity generated from renewable energy sources in America, and expectations indicate further rises to come. In light of the high demand for goods, coinciding with the recovery from the Corona pandemic, prices rose, including electricity. Nevertheless, expectations indicate that the increase in the […]

Gold prices fell on Friday, due to widespread profit-taking, while the yellow metal was preparing to achieve weekly gains for the second time in a row. Gold found support as investors turned to safe haven assets, awaiting signals of an interest rate hike from the US Federal Reserve meeting next week. Gold prices ended their […]

Risk assets tried to tune in to rebound in yesterday’s session, but later, the decline in US stock indices, led by tech stocks, thwarted these plans. Demand for defensive assets rose on Friday, the yen, dollar and franc advanced, currencies sensitive to fluctuations in the business cycle were under pressure. The relative stability of oil […]

Worst December Retail Sales On RecordThe British Pound is back under pressure today following a dismal set of retail sales for December. Retail activity was seen falling by 3.7% over the month, well below the -0.6% reading forecast, marking a stark drop from the prior month’s 1% gain. Indeed, at this level, UK retail sales […]