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.

Feb 26
Ichimoku Cloud Analysis 26.02.2024 (GBPUSD, XAUUSD, NZDUSD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2635 is expected, followed by a rise to 1.2780. An additional signal confirming the rise might be a rebound from the lower […]

Feb 26
Japanese Candlesticks Analysis 26.02.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Stick Sandwich reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 1.3575 mark. Next, the price might break the resistance and extend the uptrend. However, the quotes could correct to 1.3475 […]

Feb 24
JPY Sell-Off Continues As USD Rebounds

Yen Under Pressure The Japanese Yen remains under pressure as we head towards the weekend. JPY has been under steady selling pressure this week as the BOJ’s continued commitment to keeping rates at ultra-low levels remains at odds with other central banks in the G10 space. Indeed, while the prospect of rate cuts has become […]

Feb 24
Potential Bearish Breakout

TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 1.34789 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 1.34448 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci projection level. Alternative scenario: […]

Feb 24
USDCHF H1 | Bearish Continuation expected

TitleUSDCHF H1 | Bearish Continuation expected TypeBearish Drop Preference:Price is currently at the pivot point of 0.8803, an overlap resistance level. A reverse from this level could lead the price to fall to 1st support at 0.8751. Alternative scenario:If  price breaks above the pivot, it could rise to 1st resistance at 0.8845, a pullback resistance […]

Feb 24
Bitcoin Bulls Waiting Patiently

Bitcoin Still Holding Bitcoin prices remain stalled at recent highs as we head into the weekend. Following the breakout move higher last week, bullish momentum has faded for now as traders await fresh directional cues. One reason for the current holdup is the Fed’s continued pushback against near-term rate-cut expectations. The FOMC minutes this week […]

Feb 24
Potential Bearish Momentum

TitlePotential Bearish Momentum TypeBearish Drop Preference:Price is currently trading around the pivot point of 83.241 and strong bearish momentum could potentially drive price lower down towards its 1st support at 82.345 which is a pullback support level. Alternative scenario:If price reverses from the pivot point, it could hit the 1st resistance at 83.786 which is […]

Feb 24
Oil Prices Hold Near Highs For Now

Crude Caught In Between Following a strong move higher over early February, which looked to be setting the market up for a breakout higher, crude futures have stagnated over the last week. Price remains in a tightly wound block of consolidation around the 77.64 level as traders await fresh directional drivers. The ongoing conflict in […]

Feb 23
EURUSD Remains Range-Bound as Markets Look for Fresh Upside Catalysts

EUR/USD advanced slightly on Friday following a strong bearish backlash after the pair tested the horizontal resistance level on Thursday. Despite the intensive pullback, it managed to sustain pricing above 1.08, with technical indicators signaling a lack of significant bearish momentum. The reversal was instigated by a weakening US Dollar fueled by an improved risk […]

Feb 23
EURGBP Day | Bullish breakout

TitleEURGBP Day | Bullish breakout TypeBullish Breakout Preference:The price could break above the pivot at 0.8551, the overlap resistance. Then it could climb higher, reaching the 1st resistance at 0.8612, the overlap resistance that aligns with the 50% Fibonacci retracement. Alternative scenario:Price might fall to the 1st support at 0.85035, the multi-swing low support. To […]

Feb 23
Can NASDAQ Recover Following NVIDIA Beat?

Stocks Boosted by NVIDIA Results Risk assets are climbing today as markets enjoy fresh upside impetus on the back of a bumper set of results from chipmaker NVIDIA. The company topped both earnings and revenues forecasts yesterday, which were already set well above the prior quarter’s results. On the numbers front, NVIDIA posted Q4 EPS […]

Feb 23
GBPUSD H4 | Bearish Drop

TitleGBPUSD H4 | Bearish Drop TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.2655, an overlap resistance. A reverse from this level could lead the price to fall to 1st support at 1.2607, an overlap support level. Alternative scenario: If price breaks above the pivot, it could rise to 1st resistance at 1.2698. […]