Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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CIBCFX FlowsCurrencies were locked in narrow ranges, the only pair that had better trading range was the $CAD. The pair was sold into the North America closing minutes, believed to be linked to ETFs. WTI Crude March futures began the session weak, contracts dipped briefly below $87.00 and bounced back to $87.28, this helped accelerate […]
Daily Market Outlook, January 28, 2022 Overnight Headlines Tokyo Inflation Slows, Bolstering BoJ Case For Standing Pat IMF Urges Japan To Scale Back Pandemic Support, Raise Taxes IMF Urges BoJ To Consider Targeting Shorter-Term Yields Argentina, IMF Reach Understanding On Fiscal Path For Deal Aus, NZ Dlrs Nurse Painful Losses As Markets Go Mad For […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern not far from the resistance level, XAUUSD is reversing and may continue forming its correctional impulse. In this case, the downside correctional target is the support area at 1800.00. At the same time, an opposite […]
Type: Bullish BreakoutKey Levels:Resistance: 1.1273Pivot: 1.12471Support: 1.1187Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for further bearish momentum from our Pivot at 1.12471 in line with 78.6% Fibonacci retracement towards our Take Profit at 1.1187 in line with 100% Fibonacci retracement, 161.8% FIbonacci Projection and 61.8% Fibonacci […]
Type: Bearish ReversalKey Levels:Resistance: 1.1273Pivot: 1.12471Support: 114.158Preference:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for further bearish momentum from our Pivot at 1.12471 in line with 78.6% Fibonacci retracement towards our Take Profit at 1.1187 in line with 100% Fibonacci retracement, 161.8% Fibonacci Projection and 61.8% Fibonacci extension. […]
• Gold broke daily up channel • Likely to fall to support level 1780.00 Gold continues to fall after the breakout of the support trendline of the daily up channel from the middle of December. The breakout of this up channel accelerated the active short-term correction – which started earlier from the key resistance level […]
EURUSD, “Euro vs US Dollar” After breaking the consolidation range to the downside at 1.1244 and forming a downside continuation pattern, EURUSD is falling to reach the target at 1.1188. Later, the market may correct to test 1.1244 from below and then start a new decline with the target at 1.1180. GBPUSD, “Great Britain Pound […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price […]
Oil prices are turning up, and Brent crude is near $91 Oil prices turned up about 1% during trading on Thursday, with Brent crude rising near $91 a barrel, with geopolitical concerns continuing to support prices. Oil prices were lower in early trading, with the US dollar gaining after indications that the Federal Reserve will […]
Gold prices fell in trading Thursday, with the US dollar rising, after indications that the Federal Reserve will tighten monetary policy, and intend to raise interest rates starting next March. Geopolitical concerns about an imminent war between Russia and Ukraine have limited fears amidst the demand for the yellow metal as a safe haven. Gold […]
Fed Turns Up The HawkUSD bulls were not left disappointed by last night’s FOMC meeting. The Fed satisfied hawkish expectations, noting that “it will soon be appropriate to raise the target range for the federal funds rate”. With tapering of QE due to end by early March, the market expects the Fed to lift rates […]
Oil Longs Hit Ten Week HighsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week by a further 26,000 contracts. This latest increased takes the net upside position back up to ten-week highs. Oil has been steadily bought over recent weeks, reflected in the ongoing rally in […]