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.

Sep 30
XAUUSD Day |  Reacting off a pullback resistance?

TitleXAUUSD Day |  Reacting off a pullback resistance? TypeBearish Reversal Preference:Wait for the price to pullback to our pivot point at 1885.032, which serves as a pullback resistance level. A reversal from this point could potentially lead the price to decline to the 1st support level at 1812.821, identified as a swing low support Alternative […]

Sep 30
The cryptocurrency market digest (BTC). Overview for 29.09.2023

The BTC exchange rate on Friday rose to 26,969 USD. Earlier, the SEC chair addressed the House of Representatives. He faced questioning from Congress but stood firm in his stance. The SEC maintains that the majority of crypto assets should be regulated as securities, although this does not apply to BTC. At present, there don’t […]

Sep 30
Dollar Retracement Amid Shifting Market Dynamics: A Technical Outlook

On Thursday, the dollar finally took a step back, but the rebound of its major rivals looks more like a technical retracement, as the fundamental picture hasn’t changed much. The American currency was weakened by a “relief rally” in risk assets, with the S&P 500 attracting buyers in the support zone we’ve been discussing since […]

Sep 30
DE30EUR H4 | Bearish reaction off 50% fibo?

TitleDE30EUR H4 | Bearish reaction off 50% fibo? TypeBearish Reversal Preference: Price could rise towards our pivot point at 15476.5, which is a pullback resistance level, aligning with the 50% fibo retracement. If price reacts bearishly, then price could fall to the 1st support level at 15289.3, which is an overlap support level. Alternative scenario: […]

Sep 29
Murrey Math Lines 29.09.2023 (Brent, S&P 500)

Brent Brent quotes have broken the 8/8 (93.75) level, escaping the overbought area. The RSI has broken the support line. In this situation, a downward breakout of 7/8 (92.19) could be expected, followed by a decline to the support at 6/8 (90.62). The scenario can be cancelled by rising above the 8/8 (93.75) level. In […]

Sep 29
Euro/dollar is showing improvement. Overview for 29.09.2023

The major currency pair appears more robust on Friday. The current EURUSD exchange rate stands at 1.0580. After hitting local lows, the euro/dollar rebounded upwards. However, as the global context remains unchanged, this rebound may be temporary. The statistics published yesterday presented a mixed picture. The final calculation of the Q2 GDP in the US […]

Sep 29
Eurozone CPI Falls Sharply in August

 EZ CPI Drops Sharply The latest round of eurozone CPI figures made for better reading for the ECB today. Headline CPI was seen cooling to 4.3% last month, down from 5.2% prior and below the 4.5% the market was looking for. Similarly, core CPI was seen cooling to 4.5% from 5.3% prior, below the 4.8% […]

Sep 29
GBPJPY H4 | Bearish reaction off 127.2% fibo?

TitleGBPJPY H4 | Bearish reaction off 127.2% fibo? TypeBearish Reversal Preference: Price is hovering below our pivot point at 182.66, which is a pullback resistance level, aligning with the 127.2% fibo extension. Price could react bearishly and fall to the 1st support at 181.83, which is a pullback support level. Alternative scenario:If price breaks above […]

Sep 29
Technical Analysis & Forecast 29.09.2023

EURUSD, “Euro vs US Dollar” EURUSD has performed a growth movement to 1.0545. Today the market is forming a consolidation range above this level. Escaping the range downwards, the potential for a wave to 1.0477 could open. With an escape upwards, a link of correction to 1.0600 will not be excluded (with a test from […]

Sep 29
Ichimoku Cloud Analysis 29.09.2023 (EURUSD, USDJPY, XAUUSD)

EURUSD, “Euro vs US Dollar” EURUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0625 is expected, followed by a decline to 1.0435. An additional signal confirming the decline will be a […]

Sep 29
USDCAD Turns Lower Ahead of US/CAD Data Flow

USDCAD Heavily Sold USDCAD is trading firmly lower today as the weakness in USD finds an easy match up with the strong Canadian Dollar. CAD has been one of the best performing currencies recently due to the upward support derived from higher oil prices. With supply concerns and recent actions from OPEC+ helping push oil […]

Sep 29
USD Pulls Back As Traders Mull US Data

USD Pulling Back The US Dollar is correcting lower into the end of the week as traders brace for a slew of key US econ readings latest today. Yesterday. Final Q2 US GDP was seen coming in at 2.1%, as previously recorded. However, the market had expected a slight revision higher to 2.2%. The reaction […]