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.
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI is approaching the support line. In this situation, the price is expected to surpass the 4/8 (0.6591) level and rise to the resistance at 6/8 (0.6713). The scenario could […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2350.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2300.00 before rising. […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a downward impulse, reaching 1.0737. Today, the market is forming a narrow consolidation range above this level. With an upward breakout, a corrective phase is not ruled out, aiming for 1.0757. With a downward breakout, the trend might continue to 1.0700. A breakout of this […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting following a rebound from the resistance area. The pair is going inside the Ichimoku Cloud, which suggests a sideways trend. A test of the Cloud’s lower boundary at 1.2445 is expected, followed by a rise to 1.2625. An additional signal confirming the rise will be […]
The Australian dollar, paired with the US dollar, is retreating. The current AUDUSD exchange rate stands at 0.6577. The Reserve Bank of Australia left the interest rate unchanged at 4.35% after its Monday meeting. Overall, the RBA maintained a cautious stance on monetary policy, emphasising the need to monitor developments in its comments. Simultaneously, the […]
The Japanese yen is weakening against the US dollar. The current USDJPY exchange rate stands at 155.17. The yen has significantly deviated from its peak value of 151.16 against the US dollar. The strengthening of the JPY was achieved through currency interventions by the Japanese authorities. While this information has yet to be officially confirmed, […]
The New Zealand dollar, paired with the UD dollar, is poised for growth. The current NZDUSD exchange rate is 0.6008. Although the Kiwi dollar stands at the same level as a month ago, this period has seen sufficient fluctuations. The positive news for the NZD became generally improving risk appetite after investors believed that the […]
The Japanese yen, paired with the US dollar, resumes its decline. The current USDJPY exchange rate stands at 154.54. After a series of strengthening moves, the yen came under pressure again amid the statements of a leading monetary policymaker Masato Kanda that the government is ready to fight speculative movements of exchange rates. However, Kanda […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the 1.0670 support level. However, the price could pull back to 1.0800 and continue its downward momentum after testing […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0745 is expected, followed by a rise to 1.0875. An additional signal confirming the rise will be a rebound from the lower […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a downward impulse, reaching 1.0751. The market has corrected to 1.0790 today and is currently developing another decline structure aiming for the local target of 1.0700. After the price reaches this level, a corrective phase is not ruled out, targeting 1.0744. Subsequently, the price could […]
EURUSD “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario might be cancelled by surpassing the […]
