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.
Historical records indicate that November has historically been a challenging month for the Dollar, and it appears that this November is following the trend. The currency commenced the month with a notable decline, shedding roughly 1.7% of its trading value in less than a week. The DXY index made a sharp move downward, breaking out […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1.3790. Next, the price could break the resistance level and continue the uptrend. However, the quotes could pull back to 1.3655 before […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold below the Tenkan-Sen line. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0645 is expected, followed by growth to 1.0815. An additional signal confirming the rise could be a rebound from the upper boundary […]
China Exports Fall Again Copper prices are coming under fresh pressure today on the back of weaker-than-forecast data out of China overnight. Total exports were seen contracting deeper than expected last month, reflecting an overall dip in output. With recent manufacturing sector data reflecting this weakness, traders are once again concerned over the health of […]
TitleGBPJPY H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference: Price could potentially fall to our pivot point at 185.13, which is a pullback support, 78.6% fibo projection, and 50% fibo retracement. If price bounces off from our pivot point, then we can expect price to rise towards the 1st resistance at 186.05, which […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave, reaching 1.0750. Today it could develop a downward trajectory to 1.0670, later potentially rising to 1.0715. After hitting this level, the price could fall to 1.0660, from where the trend could possibly continue to 1.0600. This is the first target. GBPUSD, “Great Britain Pound […]
EURUSD, “Euro vs US Dollar” EURUSD quotes rebounded from 8/8 on H4. The RSI has left the overbought area and broke the support line. In this situation, the quotes are expected to test the 6/8 (1.0681) level, break it and fall to the support at 4/8 (1.0620). The scenario can be cancelled by rising above […]
Bullock Hikes Rates Further The Australian Dollar has come under heavy selling pressure today despite the RBA hiking rates once again overnight. New RBA governor Bullock lifted rates by a further .25% to record highs of 4.35%, their highest level for 12 years, on the back of Q3 inflation coming in stronger than expected. Looking […]
TitleDE30EUR H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 15011.7, which is a pullback support level, aligning with the 38.2% fibo retracement and 78.6% fibo projection. Price could bounce from our pivot point to rise to the 1st resistance at 15227.9, which is a multi-swing […]
Risk-On Hurting Gold Gold prices are trading a little lower on Monday as we kick of the week with a positive risk tone. Despite the ongoing conflict in Gaza, traders have been buoyed by Friday’s set of weaker-than-forecast US jobs numbers. The headline NFP printed 150k, down from 297k prior and below the 178k the […]
Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets use the links below Emini SP500 https://www.youtube.com/watch?v=HT-CBSjCh4U&t=1s Emini Nasdaq https://www.youtube.com/watch?v=OTvlU3u1sHo Emini DowJones https://www.youtube.com/watch?v=E6MgbPehLks Source: Tickmill
TitleEURGBP H4 | Bearish reaction off 38.2% fibo? TypeBearish Reversal Preference:Price could rise towards our pivot point at 0.8689, which is a pullback resistance level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Price could react bearishly and fall to the 1st support at 0.8659, which is a swing low support level. Alternative […]