Market Analysis

Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams

Disclaimer: Market Analysis is published for informational purposes only and should not be considered as investment advice, recommendations, or suggestions for performing any action with financial instruments. The analysis belongs to their respective authors and “Brokers Watch” is not responsible for their content.

Mar 27
JPY is the worst-performing currency of the quarter. Overview for 27.03.2024

The Japanese yen resumed weakening against the US dollar. The current USDJPY exchange rate stands at 151.75. The latest economic data from the US has cast doubt on whether the Federal Reserve will decide to lower interest rates soon, which pushed the JPY to a 30-year low. The current levels are the ones at which […]

Mar 27
Ichimoku Cloud Analysis 27.03.2024 (EURUSD, USDJPY, USDCAD)

EURUSD, “Euro vs US Dollar” EURUSD has secured below the signal lines of the indicator. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.0850 is expected, followed by a decline to 1.0730. An additional signal confirming the decline will be a rebound from […]

Mar 18
Ichimoku Cloud Analysis 18.03.2024 (EURUSD, USDCAD, XAUUSD)

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the lower boundary of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a sideways trend. A test of the upper boundary of the Cloud at 1.0915 is expected, followed by a decline to 1.0780. An additional signal confirming the decline could […]

Mar 18
Japanese Candlesticks Analysis 18.03.2024 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the 2130.00 level. After the test of the support, the price might rebound from it and develop the uptrend further. However, the quotes could […]

Mar 18
Daily Market Outlook, March 18, 2024

Daily Market Outlook, March 18, 2024 Munnelly’s Macro Minute… “Markets On Central Bank Watch” Asian stock markets are experiencing a mix of trading on Monday, following the generally negative trends from Wall Street on Friday. Traders appear hesitant to make significant moves and are looking ahead to the U.S. central bank’s upcoming monetary policy meeting. […]

Mar 18
Ripple Forecast: Potential Price Rise Ahead!

The price of the Ripple currency rebounded from the broken downtrend and pulled back to retest it. The local uptrend is at the point of potential pullback. In general, it looks like this currency is undergoing correction right now. Next, it might rebound, rise, and target the level of 0.9000. So, let’s wait and see […]

Mar 16
Dollar Rebounding on Data Strength

PPI Drives USD Higher The US Dollar has rebounded into the end of the week following some stronger-than-forecast data yesterday. On the back of hot consumer inflation earlier in the week, PPI yesterday came in above consensus at 0.3% vs 0.2% on core and 0.6% vs 0.3% on headline. Retail sales were a touch below […]

Mar 16
Economic Data Surprises Propel USD Higher, EUR/USD Dips, BoJ Meeting in Spotlight

The currency markets have been witnessing notable movements as economic data releases continue to sway investor sentiment. The EUR/USD pair, in particular, has experienced a shift in momentum, driven by surprising figures from the US economy. Concurrently, anticipation builds up ahead of the Bank of Japan’s (BoJ) meeting, with speculation rife regarding its policy stance […]

Mar 16
Daily Market Outlook, March 15, 2024

Daily Market Outlook, March 15, 2024 Munnelly’s Macro Minute… “Markets Attention Shifting To Next Week’s Central Bank Updates” Most Asian stock markets are experiencing a decline in trading on Friday, in response to the negative signals from Wall Street the previous night. This comes as there are growing worries about the US Fed delaying its […]

Mar 16
EURUSD H4 I Bullish Bounce

TitleEURUSD H4 I Bullish Bounce TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.0864, a pullback support that aligns with the 161.8% Fibo extension. A bounce from this level could lead the price to rise to 1st resistance at 1.0902, a pullback resistance  Alternative scenario:  If price breaks below the pivot, it could […]

Mar 16
GBPUSD Reversing Ahead of Key Central Bank Meetings

Cable Correcting Lower GBPUSD has pulled back below the 1.2832 level this week and is on course to end the week in the red, despite some better data along the way. The uptick in USD has squashed any bullish momentum in the Pound, which had previously broken out to its highest level against the Dollar […]

Mar 15
EURUSD was forced to decline. Overview for 15.03.2024

The primary currency pair decreased on Friday. The current exchange rate for EURUSD stands at 1.0874. The dollar seems poised to end a three-week losing streak, and statistics support it. However, investors are starting to doubt the Fed’s prospects. The February US Producer Price Index (PPI) rose by 0.6%, surpassing the forecasted 0.3% increase. This […]