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.
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2505 is expected, followed by a rise to 1.2685. An additional signal confirming the rise could […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 2390.00. 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. […]
The Australian dollar appears strong against the US dollar. The current AUDUSD exchange rate stands at 0.6567. The Aussie surpassed a three-week high against its American counterpart as the USD slightly corrected its position ahead of this week’s meeting. It is worth noting that the Aussie has surged to its 11-year high against the JPY. […]
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 test the 4/8 (1.0772) level, rebound from it, and decline to the support at 2/8 (1.0498). The scenario might be cancelled […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave, reaching 1.0752, and declined to 1.0673. Practically, the market continues to form a wide consolidation range around 1.0666, potentially expanding the range to 1.0760 today. The entire growth structure is perceived as a correction. Once the correction is complete, another decline wave […]
The Japanese yen, paired with the US dollar, initially sharply declined, then strengthened on Monday. The current USDJPY exchange rate stands at 156.92. Today, the US dollar made a historical leap, reaching 160.00 yen, a level never before witnessed in the market. This occurred amid small trading volumes, as Monday is a public holiday in […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be the resistance at 1.0770. However, the quotes could drop to the 1.0680 level, and the downtrend might […]
Brent Brent quotes are above the 200-day Moving Average on D1, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 5/8 (90.62), after which they might reach the resistance at 6/8 (93.75). The scenario could be cancelled by breaching […]
The primary currency pair demonstrates a modest increase on Friday. The current EURUSD exchange rate stands at 1.0722. The market is uncertain whether the US Federal Reserve has all the necessary arguments to lower the interest rate in the near future. Yesterday’s weak US GDP release for Q1 2024 could have been a reason to […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the upper boundary of the descending channel. The pair is going inside the Ichimoku Cloud, which suggests a sideways movement. A test of the Tenkan-Sen line at 1.0705 is expected, followed by a rise to 1.0855. A rebound from the lower boundary of the bullish channel will […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave towards 1.0733 and a decline link to 1.0678. Practically, the boundaries of a consolidation range have been set. Today the market is hovering at its upper boundary. Range extension towards 1.0750 is not excluded. Next, a decline wave targeting the lower boundary […]
The Japanese yen against the US dollar appears even weaker than before. The current exchange rate for USDJPY stands at 156.19. Pressure on the yen is becoming increasingly widespread, but the Japanese authorities are not rushing to defend their currency. There is undoubtedly a secondary benefit here: exporting companies earn more and increase financial inflows […]