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.
ETF Report Causes Flash-Crash Bitcoin prices are rallying firmly today with the market having now recovered more than 50% of yesterday’s 10% price plunge. The sharp downturn came in response to a report circulating online claiming that the SEC would likely turn down current spot-Bitcoin ETF applications. Produced by Matrixport, a crypto financial services platform, […]
TitleUSDJPY H4 | Bullish bounce TypeBullish Bounce Preference:USDJPY is bouncing off the pivot at 143.152, the overlap support, and could continue rising to 1st resistance at 144.753, the overlap resistance. Alternative scenario: The price could break the pivot at 143.152, and fall to the 1st support at 141.404, the pullback support. To discuss this trading […]
TitleEURJPY H4 | Potential bullish breakout TypeBullish Breakout Preference:EURJPY could continue rising and break the pivot at 156.786, the pullback resistance, and rise to the 1st resistance level at 158.155, the swing-high resistance. Alternative scenario:The price could pullback from a pivot at 156.786, and fall to the 1st support level at 155.253, the swing-low support. […]
TitleEURGBP H4 | Bullish bounce TypeBullish Bounce Preference:EURGBP has bounced off the pivot at 0.86128, the overlap support, which aligns with the 61.8% Fibonacci retracement level. The price could continue to rise to the 1st resistance level at 0.86492, the overlap resistance. Alternative scenario:The price could pullback and breakout of the pivot at 0.86128, and […]
TitleEURUSD H4 | Potential bearish reversal TypeBearish Breakout Preference:EURUSD could reverse to the pivot at 1.08771, the pullback support that aligns with the 61.8% Fibonacci retracement level, and fall to the 1st support level at 1.07412, the overlap support. Alternative scenario:The price could potentially rise to the 1st resistance level at 1.10057, the overlap resistance. […]
Daily Market Outlook, January 3, 2024 Munnelly’s Market Minute… Most Asian markets experienced declines as market sentiment echoed the downbeat performance of Wall Street, even though there was no clear reason for the negative trend. Meanwhile, Japanese markets were closed for a market holiday. Hang Seng and Shanghai Comp had mixed performance, with Hang Seng […]
TitleUSDCAD H4 | Heading into overlap resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.33649 which is an overlap resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.32589 which is a pullback support level. Alternative scenario: If price breaks above the […]
TitleEURUSD H4 | Bearish Reversal? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.0981, which serves as a pullback resistance level aligning with the 23.6% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 1.0911, an overlap support level. Alternative scenario:However, if the price […]
TitleNAS100USD H4 | Potential bearish breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 16542.7 which is a pullback support and could potentially break under this level; we could see momentum carry price down to its 1st support at 16321.47 which is a support level that aligns with a confluence of Fibonacci levels […]
TitleGBPUSD H4 | Potential Bearish reversal TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.2688, which serves as a pullback resistance level aligning with the 38.2% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 1.2581, a pullback support level. Alternative scenario:However, if the […]
Brent Brent quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. However, the RSI is approaching the oversold area. In this situation, a test of 1/8 (76.56) is expected, followed by a rebound from this level and a rise to the resistance at 3/8 (79.69). The scenario could be […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 2090.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might correct to 2057.50 before the growth. […]