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.

May 25
EURUSD shows no resistance. Overview for 24.05.2024

The primary currency pair continues to weaken at the end of the week. The current exchange rate for EURUSD stands at 1.0805. May statistics showed that business activity in the US accelerated to the highest level in two years. The preliminary value of the Markit Services PMI increased to 54.8 points in May from 51.3 […]

May 25
AUD is experiencing bearish pressure. Overview for 24.05.2024

The Australian dollar is plummeting against the US dollar on Friday. The current exchange rate for AUDUSD stands at 0.6592. The Aussie has come under pressure from the strengthening US dollar. The US currency gained strength after relatively strong reports on the US economy appeared on the market. These reports reduced the likelihood that the […]

May 24
Ichimoku Cloud Analysis 24.05.2024 (GBPUSD, AUDUSD, XAUUSD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel […]

May 24
Murrey Math Lines 24.05.2024 (Brent, S&P 500)

BRENT Brent oil quotes broke through the 200-day Moving Average on D1 and are currently below it, suggesting the possibility of a downward trend. However, there is convergence on the RSI indicator, so a pullback from the 2/8 (81.25) level followed by a rise to the 3/8 (84.38) resistance level is expected. A breakout above […]

May 24
US Memorial Day Holiday Schedule 2024

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May 24
Technical Analysis & Forecast 24.05.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has performed a wave of decline to 1.0803. Today, the market is forming a consolidation range above this level, potentially further declining towards 1.0801. A subsequent correction towards 1.0830 is probable, followed by a potential decline to 1.0777, serving as a local target. GBPUSD, “Great Britain Pound […]

May 24
Japanese Candlesticks Analysis 24.05.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument might follow the reversal signal in a descending wave. The decline target could be the 1.3650 support level. However, after testing the resistance, the price could return to 1.3775 and continue its […]

May 23
GBP is appreciating. Overview for 23.05.2024

The British pound sterling is still ascending against the US dollar. The current exchange rate for GBPUSD stands at 1.2727. Yesterday’s published statistics revealed a decrease in British inflation. On a year-on-year basis, the Consumer Price Index in April fell to 2.3% from the previous 3.2%. The forecast had anticipated a more significant decline to […]

May 23
EURUSD pulls down. Overview for 23.05.2024

The primary currency pair looks weak. The current exchange rate for EURUSD stands at 1.0829. The publication of the minutes from the last meeting of the US Federal Reserve System turned out to be the driver that justified the market fluctuations. The overall sentiment of Fed monetary policymakers at the 30 April-1 May meeting was […]

May 23
Japanese Candlesticks Analysis 23.05.2024 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs USD” XAUUSD has formed a Hammer pattern. Currently, the instrument may follow the reversal signal in an ascending wave. The growth target could be the 2425.00 resistance level. However, after testing the support, the price could pull back to 2345.00 before resuming its upward momentum. NZDUSD, “New Zealand Dollar vs US Dollar” […]

May 23
Murrey Math Lines 23.05.2024 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes on the D1 period are above the 200-day Moving Average, indicating the prevailing upward trend. The Relative Strength Index has overcome the resistance line. In this situation, we expect the 7/8 (0.9155) level to be surpassed, followed by a price increase to the resistance at 8/8 (0.9277). […]

May 23
Technical Analysis & Forecast 23.05.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair performed a wave of decline to the 1.0818 level. Today, the market is forming a consolidation range above this level. A decline towards 1.0780 could occur, followed by a rise towards 1.0830, representing the local target for the correction wave. GBPUSD, “Great Britain Pound vs US Dollar” […]