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.
The British pound sterling continues to appreciate against the US dollar. The current GBPUSD quote stands at 1.2765. The pound is gaining strength against the market signals. Bank of England governor Andrew Bailey expects the recent mortgage cost reduction will persist. As he mentioned yesterday, significant interest rate changes have occurred in the market over […]
Aussie CPI Falls Again AUDUSD is testing key support today on the back of a weaker-than-forecast set of Aussie CPI figures overnight. Domestic CPI was seen printing 4.3%, year-over-year, last month, down from 4.9% prior and below the 4.4% the market was looking for. RBA tightening expectations have weakened materially in recent months alongside the […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes have broken the 200-day Moving Average on H4 and are currently above it, which indicates a possible development of an uptrend. However, a divergence has formed on the RSI, signaling about a price decline. As a result, in this situation, a downward breakout of the 5/8 (146.09) […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has broken the 1.0966 level upwards and continues forming a growth structure to 1.1000. Once this level is reached, a decline link to 1.0966 is not excluded (a test from above). Right after that, another growth structure to 1.1010 could form. Next, a new decline wave to […]
The EURUSD’s mid-term uptrend has hit the pause button, chilling in a tight range of 1.09-1.10 for the sixth day straight, hugging the lower edge of the trend channel: Last Friday’s dollar-buying signal, triggered by a robust NFP report that outperformed expectations in job growth, unemployment, and wage increase, got dampened by a pretty weak […]
SEC Decision Due Traders are bracing for plenty of volatility across crypto markets today with the SEC due to decide on the current batch of spot-Bitcoin ETF applications. Yesterday, the market was seen spiking to fresh highs for the year in response to a fake tweet put out claiming the SEC had approved spot-Bitcoin ETFS. […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the 2060.00 level. Upon testing the resistance, the price could break this level and continue developing the uptrend. However, the quotes might correct to 2010.50 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2735 is expected, followed by a rise to 1.2885. The rise could be additionally confirmed by a rebound from the upper boundary of […]
TitleSideways Trading TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.66809 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.67442 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario:If price […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 22.862 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 23.535 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level. Alternative […]
Daily Market Outlook, January 10, 2024 Munnelly’s Market Minute…“Nikkei Hits 34 Year Highs” Most stocks in the Asian region saw a decline following the weak performance of Wall St and cautiousness ahead of important inflation data and earnings reports.The Nikkei 225 has reached a level above 34k handle for the first time in more than […]
The Australian dollar, paired with the US dollar, has entered positive territory. The current AUDUSD exchange rate stands at 0.6701. The Aussie has distanced itself from its four-week low. It achieved this even after the latest inflation statistics, which showed signs of cooling prices. In November, Australia’s Consumer Price Index (CPI) rose by 4.3% year-over-year, […]