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.
PBoC Slashes LPR Chinese stocks are surging higher today after the PBoC slashed its 5yr LPR rate to 3.95%. The .25% reduction marks the first LPR cut since June and the largest reduction since the bank introduced the rate in 2019, larger than the .15% cut the market was looking for. Lowering of the rate […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The decline target could be the support at 1.0770. However, the quotes might correct to 1.0870 and extend the downtrend after the test […]
The Japanese yen, paired with the US dollar, has reduced its activity to a minimum. The current USDJPY exchange rate stands at 149.98. Morning statistics from Japan revealed a decline in the February Reuters Tankan business confidence index, dropping to -1 points from the previous 6 points. Japanese exports surged in January, increasing by 11.9% […]
TitleSPX500 H4 | Bullish bounce TypeBullish Bounce Preference:The price could fall to the pivot at 4952.82, the overlap support, then it could bounce off the pivot and rise to the 1st resistance at 5038.6, the multi-swing high resistance. Alternative scenario:Price might break below the pivot and fall to the 1st support at 4906.53, the overlap […]
TitleDE30 H4 | Bearish breakout TypeBearish Breakout Preference:The price could continue the downtrend and break the pivot at 17065.2, the overlap support. Then it could fall to the 1st support at 16880.39, the swing-low support that aligns with the 78.6% Fibonacci retracement. Alternative scenario:It could bounce off the pivot and rise to the 1st resistance […]
The Australian dollar, paired with the US dollar, has risen even further. The current AUDUSD exchange rate stands at 0.6565. The Aussie is appreciating gradually, steadily gaining ground. An important supportive factor is the local weakness of the US dollar, as the market awaits the release of the Federal Reserve’s latest meeting minutes this evening. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2605 is expected, followed by a rise to 1.2720. An additional signal confirming the rise might be a rebound […]
TitleHeading into 50% Fibonacci Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.61177 which is an overlap support that aligns […]
TitleFalling to 38.2% Fibonacci Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.35095 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35323 which is a pullback resistance that aligns […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, the pair is expected to drop to the nearest support at 2/8 (0.6469). The scenario could be cancelled by rising above the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3600. Next, the price has a chance for breaking out the resistance and extending the uptrend. However, the quotes might correct to […]
TitleGBPJPY H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot at 188.86, the overlap support and a bounce could lead the price to rise to the 1st resistance at 190.528, which is the 127% extension level. Alternative scenario:It might reverse and break out of the pivot and fall to the 1st […]