Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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• Facebook reversed from support zone • Likely to rise to resistance level 327.00 Facebook recently corrected up from the support zone lying between the key support level 307.00 (which has been reversing the price from last May) and the lower daily Bollinger Band. The support zone near the support level 307.00 was strengthened by […]
• Nikkei 225 reversed from support level 27375.00 • Likely to rise to resistance level 27750.00 Nikkei 225 index today reversed up sharply from the pivotal support level 27375.00 (which reversed the index multiple times from May of 202 never allowing the price to fall far below this price level). The upward reversal from the […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, the asset is moving to the downside after finishing the correctional uptrend at 50.0% fibo and divergence on MACD. One can expect another rising impulse towards 61.8% and 76.0% fibo at 0.7340 and 0.7420 but the main scenario implies a further […]
EURUSD got under local pressure; investors need “safe haven” assets. The major currency pair remains under pressure on Friday. The current quote for the instrument is 1.1329. The statistics from the US are rather controversial and raise a lot of questions but market players seem to have stopped paying attention to it. The “greenback” […]
Type: Bearish ReversalKey Levels:Resistance: 0.73106Pivot: 0.72637Support: 0.71733Preferred Case:With price at the resistance of the Ichimoku cloud, we are biased that price will drop from our pivot at 0.72637 in line with the 61.8% Fibonacci retracement and the horizontal overlap resistance to 1st support at 0.71733 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price […]
Type: Bearish ReversalKey Levels:Resistance: 125.408Pivot: 125.036Support: 124.14Preferred Case:Prices are on bearish momentum and we see the potential for a dip from our Pivot at 125.036 in line with 50% Fibonacci retracement towards our 1st support at 124.14 in line with 100% Fibonacci retracement and 61.8% Fibonacci extension. Prices are trading below our ichimoku clouds further […]
Credit AgricoleAsia overnightA modest retreat in UST yields and Chinese policymakers’ actions to shore up the economy helped sentiment recover a little during the Asian session. Newswires reported that Chinese regulators are considering allowing property developers to use certain funds from presold properties to help ease a liquidity crunch. The PBoC also cut lending rates, […]
Daily Market Outlook, January 20, 2022 Overnight Headlines US President Biden: We Can Still Pass Big Chunks Of Spending Plan Biden: Not There Yet On Possible Easing Of Tariffs On Chinese Goods Manchin, Sinema Join GOP To Sink Filibuster Change For Voting Bill Desperate Dems Signal Support For Cutting Biden Bill Down In Size France […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may be […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, the asset continues moving sideways. After forming several reversal patterns, including Hammer, close to the support level, USDCAD is reversing and may form a new correctional impulse. In this case, the upside target may be the resistance area at 1.2555. However, […]
European Forex news roundup: The Australian dollar maintains rises following a good jobs report. Forex news from the European morning session on Jan 20, 2022 It was a mostly calm session, with few headlines and few important economic releases to work with. The dollar is remaining somewhat mixed, but it was somewhat slow earlier on […]
AUDNOK To Turn Higher?AUDNOK price action is starting to look interesting here. We’ve seen the pair moving lower within a well-defined bear channel over the decline from December highs. However, the move lower has seen bullish divergence in momentum studies and price is now turning higher, threatening a channel break. If price can clear the […]