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.

Mar 15
DE30 H4 | Bouncing off support level

TitleDE30 H4 | Bouncing off support level TypeBullish Bounce Preference:The DAX is bouncing off the pivot at 17910.07, the pullback support, price could rise to the 1st resistance at 18036.2 a swing-high resistance that aligns closely with the 161.8% Fibonacci retracement. Alternative scenario:The momentum might reverse and price could break below the pivot and fall […]

Mar 15
GBPUSD H4 I Bearish reversal

TitleGBPUSD H4 I Bearish reversal TypeBearish Reversal Preference:Price rises toward the pivot point of 1.2770, a pullback resistance. A reverse from this level could lead the price to fall to 1st support at 1.2698, a pullback support level that close to the 161.8% Fibo extension Alternative scenario:  If the price breaks above the pivot, it […]

Mar 15
Technical Analysis & Forecast 15.03.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0878. A consolidation range could form around this level today. With an escape from the range downwards, the wave could extend to 1.0800. This is a local target. Once this level is reached, a growth link to 1.0878 (testing from below) […]

Mar 15
Ichimoku Cloud Analysis 15.03.2024 (GBPUSD, USDJPY, NZDUSD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold below the lower boundary of the bullish channel. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.2770 is expected, followed by a decline to 1.2585. An additional signal confirming the decline […]

Mar 15
Crude Pops On Bullish EIA Data

First Inventories Draw in 7 Weeks Crude prices are starting to build some bullish momentum here. After early weakness on Monday, crude futures have now recovered around 5% off the week’s lows and are fast approaching a fresh test of the YTD highs. Futures pushed firmly higher yesterday in response to the latest data from […]

Mar 15
Rising into Swing-high Resistance

TitleRising into Swing-high ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 85.085 which is a swing-high resistance that aligns with the 127.2% Fibonacci extension level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 81.892 which is a pullback support that aligns with the 38.2% […]

Mar 15
Daily Market Outlook, March 14, 2024

Daily Market Outlook, March 14, 2024 Munnelly’s Macro Minute… “Markets Await Last Pieces Of The Data Puzzle Ahead Of Next Week’s FOMC Meeting” In response to mixed signals from global markets, Asian stock markets are also experiencing mixed trading on Thursday. Traders are exercising caution and staying on the sidelines as they await key U.S. […]

Mar 15
EURJPY H4 | Potential bullish breakout

TitleEURJPY H4 | Potential bullish breakout TypeBullish Bounce Preference:EURJPY is sitting on the pivot point at 161.757, which is the overlap resistance. Price could break above the pivot and rise to the 1st resistance at 163.451, the swing-high resistance. Alternative scenario:It might break below the pivot and fall to the overlap support at 160.263, which […]

Mar 14
Japanese Candlesticks Analysis 14.03.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 1.3525 mark. Next, the price might break above the resistance and maintain its upward trajectory. However, the quotes could undergo […]

Mar 14
Murrey Math Lines 14.03.2024 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the overbought area on H4, while the RSI is nearing the resistance line. In this situation, a breakout of the 8/8 (0.8789) level is expected, followed by a decline to the support at 6/8 (0.8667). The scenario could be cancelled by a breakout of the […]

Mar 14
Gold Traders Prepare For Triple US Data-Dump

Gold Stalls Above Former Highs Gold prices continue to hold above the broken 2149.72-level former all-time highs. Following a breakout move last week, price has since softened as traders digest recent US data. An upside beat on the headline NFP reading for last month along with a hotter-than-forecast inflation reading have caused some near-term uncertainty […]

Mar 14
EURUSD H4 | Bearish Drop

TitleEURUSD H4 | Bearish Drop TypeBearish Drop Preference:Price has reacted the pivot point of 1.0943, A drop from this level could lead the price to fall to 1st support at 1.0902. an overlap support level Alternative scenario:  If the price bounces the pivot, it could rise to 1st resistance at 1.0987, above swing high resistance […]