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.
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support level. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1905.00. Upon testing the resistance, the price might rebound from it and continue the downtrend. However, the quotes could drop to […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average on H4 and now stand above it, revealing the probable development of an uptrend. The RSI has rebounded from the support line. In this situation, a test of 5/8 (0.8850) is expected, followed by a breakout and a price rise to […]
Daily Market Outlook, August 17, 2023 Munnelly’s Market Commentary… Asian equity markets mostly experienced another day of selling, in line with losses on Wall Street. Yields in the market continued to rise following the release of FOMC Minutes, which highlighted that most officials saw significant upside risks to inflation, possibly necessitating further tightening measures. The […]
TitleXAUUSD Day | Bounce off support level? TypeBullish Bounce Preference:Price has just bounced off our pivot point of 1888.375 which is a pullback support level that. A bounce off from here, price could rise to 1st resistance at 1905.552 which is a pullback resistance level that aligns with 23.6% Fibo Retracement. Alternative scenario:However, if price […]
EURUSD, “Euro vs US Dollar” EURUSD has broken the 1.0890 mark downwards, opening the potential for a decline to 1.0850 is open. After the price reaches this level, a correction to 1.0892 is not excluded (with a test from below). Next, a decline to 1.0833 could follow, from where the trend could continue to 1.0750. […]
The major currency pair experienced a noticeable retreat on Thursday. The current EURUSD exchange rate stands at 1.0866. These existing levels mark the lowest point in six weeks. The US dollar has valid reasons for strengthening: in the minutes of its latest meeting, published the day before, the Federal Reserve acknowledged the possibility of further […]
Weak Jobs Data AUDUSD has come under fresh selling pressure today on the back of the latest Aussie employment data released overnight. The unemployment rate was seen moving up to 3.7% from 3.5% prior, above the 3.6% the market was looking for. Additionally, the employment chance number was seen recording the loss of 15k jobs, […]
Apple Holding on At Support Shares in Apple are trading a little higher ahead of the open today, offering bulls some hope that the correction from YTD highs might be coming to an end. The stock has fallen more than 10% from the July highs as a pull back in risk appetite and a fresh […]
The Australian dollar, paired with the US dollar, is plunging rapidly. The current AUDUSD exchange rate stands at 0.6393. Pressure on the AUD stems from multiple factors. Firstly, the strength of the US dollar is driving other currencies to decline. Secondly, internal indicators have raised concern among investors. Australia’s unemployment rate surged to a three-month […]
BRENT Crude oil price has left the boundaries of a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 84.75 is expected, followed by a decline to 79.40. An additional signal confirming the decline will be a rebound from the upper boundary of […]
TitleUSDCAD H4 | Approaching pullback support? TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.35011 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 1.35866 which is a pullback […]
TitleBCOUSD H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 84.671 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 81.711 which is a pullback […]