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.
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes and the RSI on H4 are in their respective oversold areas. In this situation, a rebound from -1/8 (0.6317) could be expected, followed by a rise to the resistance at 1/8 (0.6378). The scenario can be cancelled by a rebound from -1/8 (0.6317). In this case, the […]
USDCHF Pushing On Following a brief correction lower, USDCHF is pushing higher again today. The rally comes on the back of the latest Swiss inflation data which showed that CPI contracted 0.1% last month, down from 0.2% the prior month and below the 0% the market was looking for. The drop in inflation suggests that […]
DXY Breaking Out The US Dollar continues to March higher on Tuesday with DXY now at its highest level in a year. The rally is being fuelled by a relentless rise in yields on the back of the Fed’s recent tightening signal. At the September FOMC meeting, the Fed warned that rates would likely need […]
EURUSD, “Euro vs US Dollar” EURUSD has made a descending movement to 1.0500. By now, the market has formed a consolidation range and, escaping it downwards, continues developing the wave by the trend to 1.0408. Upon reaching this level, a link of correction to 1.0500 (with a test from below) is not excluded. Next, a […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0545 is expected, followed by a decline to 1.0335. An additional signal confirming the decline will be a rebound from the upper boundary of […]
TitleUSDCAD H4 | Reacting off resistance level? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 1.36905, which serves as a swing-high resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.36319, a pullback support level. Alternative scenario:However, if the price breaks above the […]
TitleGBPJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price is falling to our pivot point at 180.61, which is a multi-swing low support level. If price rejects and bounces off the pivot point, then price could potentially rise towards the 1st resistance at 181.88, which is a pullback resistance level. Alternative scenario: If […]
The Japanese yen continues to devaluate against the US dollar. The current USDJPY exchange rate is 149.87. The Japanese government is prepared to take measures against the devaluation of its national currency, as stated by the Ministry of Finance. The authorities emphasise their commitment to maintaining control over the situation. These comments are regarded as […]
The Australian dollar is rapidly depreciating against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6324. During today’s meeting, the Reserve Bank of Australia left the interest rate unchanged at 4.1% per annum. In its comments, the RBA emphasised that there may be a need for future monetary policy tightening. This […]
TitleEURUSD H4 | Bouncing off Fibo confluence? TypeBullish Bounce Preference:The price is currently at the pivot point at 1.0456, which aligns with 127.2% Fibo extension and 61.8% Fob projection. A bounce from this level could lead the price to rally toward the 1st resistance at 1.05757, which is an overlap resistance. Alternative scenario:However, if the […]
Aussie Drops Following RBA Hold The Australian Dollar has turned sharply lower on Tuesday following the latest RBA meeting overnight. The bank was seen keeping its headline policy rate on hold at 4.10%, despite some speculation that it might opt for a further increase. The RBA noted that “Recent data are consistent with inflation […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Engulfing reversal pattern near the resistance level. Currently, the quotes are going by the reversal signal in a descending wave. The decline target might be 1830.00. Upon testing the support level, the price could rebound from it and form an ascending wave. However, the quotes might […]