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.
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average on H4 and currently found themselves below the line, indicating probable development of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation, a test of 3/8 (0.8977) could be expected, followed by a rebound […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2275 is expected, followed by a rise to 1.2505. An additional signal confirming the rise will be a rebound from the lower […]
The Japanese yen is once again depreciating against the US dollar. The current USDJPY exchange rate stands at 149.14. The market has not received any confirmation of interventions by the Bank of Japan. USDJPY quotes are gradually returning to the levels before the emotional turmoil. Meanwhile, the international backdrop is becoming more stable. The yield […]
Gold is heading up. The asset rebounded from the supporting level of 1815.00. The price of gold might potentially rebound from the resistance area formed between levels 1900 and 1913 and drop. So, let’s observe if it is likely to happen. Currently, the American stock index S&Р500 is heading up. It might eventually rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target could be the support at 1.0570. However, the price might correct to 1.0680 and extend the downtrend after a test […]
EURUSD, “Euro vs US Dollar” EURUSD found support at the 1.0600 level and continues developing a wave of growth to 1.0670. After the quotes reach this level, a link of decline to 1.0600 might follow (with a test from above). Next, a rise to 1.0706 is expected. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD […]
TitleUSDCAD H4 | Potential bearish breakout TypeBearish Breakout Preference: Price is falling towards the pivot point of 1.35768 which is a pullback support and could potentially break below this level; we could see momentum carry price down to its 1st support at 1.35248 which is a pullback support level. Alternative scenario:If price breaks above the […]
TitleNZDUSD H4 | Bullish bounce off overlap support TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.60047 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.6057 which is […]
The British pound sterling against the US dollar is confidently rebounding after a series of prolonged declines. The current GBPUSD exchange rate stands at 1.2290. With investor confidence in taking risks gradually returning to the market, the GBP is moving away from its recent lows. It is worth remembering that that September marked the worst […]
TitleGBPNZD H4 | Reversal of 50% Fibo resistance TypeBearish Reversal Preference:Price is trading close to the pivot point of 2.0418 which is a pullback 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 2.02752 which is a […]
EURUSD, “Euro vs US Dollar” EURUSD has made a rising movement to 1.0619. Today the market is forming a consolidation range under this level. With an escape from the range upwards, the potential for a wave of growth to 1.0672 could open, followed by a link of correction to 1.0595 (with a test from above). […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has broken the resistance line. In this situation, the price is expected to rise above the 7/8 (149.21) level, reaching 8/8 (150.00) later. The scenario can be cancelled by a downward […]