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.
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Engulfing reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be 1.3670. Next, the price might rebound from the resistance level and continue its downward momentum. However, the quotes could decline to 1.3565 […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to rebound from the 5/8 (0.6652) level and rise to the resistance at 7/8 (0.6774). The scenario could be cancelled by […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has extended the range towards 1.0883 and declined to 1.0855. Today, the market is in a consolidation phase around this level. A decline towards 1.0832 could occur, followed by a rise towards 1.0855. An upward breakout of the range will open the potential for a wave towards […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting within a Triangle pattern. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 1.0845 is expected, followed by a rise to 1.0985. An additional signal confirming the rise will be a rebound from the lower boundary […]
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 2485.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2420.00 before rising. […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI has surpassed the resistance line. In this situation, the price is expected to rise further to 6/8 (1.0986). The scenario might be cancelled by a breakout of the 5/8 (1.0864) […]
The primary currency pair looks lively on Monday. The current EURUSD exchange rate stands at 1.0880. This morning, the exchange rate touched 1.0895, marking a two-month peak tested last week. The market will soon mainly focus on the core PCE data, a key inflation indicator used by the Federal Reserve to gauge price pressure. This […]
The New Zealand dollar continues to appreciate against the US dollar. The current NZDUSD exchange rate stands at 0.6131. Investors are eagerly awaiting the Reserve Bank of New Zealand’s next meeting. The RBNZ is expected to keep the current monetary policy structure unchanged for the seventh consecutive time. The interest rate may remain at 5.5% […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0858, with the market extending the range towards 1.0880 today. A decline to 1.0858 (testing from above) is expected. With an upward breakout, the wave might expand to 1.0906, potentially rising to 1.0914. With a downward breakout, a decline towards […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold above the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2685 is expected, followed by a rise to 1.2855. An additional signal confirming the rise will be a rebound […]
Brent Brent quotes have broken below the 200-day Moving Average on D1, indicating the potential development of a downtrend. However, convergence has formed on the RSI. As a result, in this situation, the price is expected to surpass the 3/8 (84.38) level and rise to the resistance at 4/8 (87.50). The scenario could be cancelled […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0835 is expected, followed by a rise to 1.0975. An additional signal confirming the rise will be a rebound from the lower boundary of […]