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.
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star 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 1.0740 support level. However, the price could rise to 1.0845 and continue its upward momentum after testing […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has extended a consolidation range towards 1.0806. Today, a decline structure is forming, aiming for 1.0766. A breakout of this level will open the potential for a wave to 1.0744, with the trend potentially continuing to the local target of 1.0680. GBPUSD, “Great Britain Pound vs US […]
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 testing the support line. In this situation, the price is expected to rebound from the 4/8 (0.6591) level and rise to the resistance at 6/8 (0.6713). The scenario […]
The New Zealand dollar, paired with the US dollar, is retreating. The current NZDUSD exchange rate stands at 0.6008. The position of the US dollar has stabilised, once again exerting pressure on the NZD. The market focus is shifting to the US inflation statistics, which are scheduled for release this week. The Reserve Bank of […]
The primary currency pair came to a halt on Monday. The current EURUSD exchange rate stands at 1.0770. The US dollar seems somewhat weary, while the currency market has intermittent risk appetite. All attention is currently focused on the US Federal Reserve interest rates. Last week, there were signals that the interest rate might remain […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is forming a consolidation range around 1.0760, with the range possibly expanding to 1.0795. With a downward breakout, a new decline wave could start, targeting 1.0684 and potentially continuing to the local target of 1.0580. GBPUSD, “Great Britain Pound vs US Dollar” The GBPUSD pair is forming […]
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 […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 1.0755 is expected, followed by a rise to 1.0885. An additional signal confirming the rise will be a rebound from the lower […]
USDCAD, “US Dollar vs Canadian Dollar” The USDCAD pair has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3785. Next, the price might break above the resistance level and continue its upward momentum. However, the quotes could correct […]
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 […]