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.
TitleAUDUSD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is currently fluctuating between the 1st resistance and our pivot point. However, due to strong bearish momentum, we can expect price to reach our pivot point at 0.6515, and a bullish bounce to the 1st resistance at 0.6597. The 1st resistance is a pullback resistance […]
Coinbase Beats Q2 Forecasts Shares in crypto broker Coinbase are trading higher ahead of the open today on the back of better-than-forecast Q2 results yesterday. The company has come under a lot of pressure recently amidst the ongoing SEC action against the company, as well as market speculation regarding the health and future of the […]
TitleXAUUSD H4 | Bounce off major pullback support level? TypeBullish Bounce Preference:Price is approaching our pivot point at 1929.28. This pivot point is curcial, as it has just tapped the 27.2% fibo expansion, and possibly drop further to the 61.8% fibo retracement and 78.6% fibo projection major support level. We could see price rise to […]
TitleGBPUSD H4 | Bullish bounce off pivot point? TypeBullish Bounce Preference:Price is approaching our pivot point at 1.2677, which is an overlap support level, right above the 100% fibo projection. Price could bounce off this overlap support and rise to the 1st resistance at 1.2752, which is at the 38.2% fibo retracement level. Alternative scenario:If […]
TitleUSDCAD H4 | Running into resistance? TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.33867 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.33019 which is a pullback support. Alternative scenario: If price breaks above the pivot […]
The FTSE Finish Line – August 3 – 2023 FTSE BoE & BT Sour Sentiment The FTSE 100 index faced further downward pressure due to the decline of two prominent companies on Thursday. Telecom firm BT Group and consumer staples major Unilever both fell, with their shares trading ex-dividend. BT Group’s stock dropped by 5.5%, […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the oversold area on H4. The RSI has rebounded from the support line. In this situation, the price is expected to break the 0/8 (0.8789) level and rise to the resistance at 1/8 (0.8911). The scenario can be cancelled by a downward breakout of the […]
TitleEURUSD H4 | Bounce off Fibo confluence? TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.09185 which is a pullback support that aligns with a confluence of Fibonacci levels (the 78.6% retracement and 61.8% projection levels) and could potentially reverse from here; we could see momentum carry price up to its 1st […]
Hawkish Risks Into BOE The main event for traders today will be the August Bank of England meeting. GBP is trading lower ahead of the meeting, despite the BOE being widely expected to hike rates by a further .25%. Indeed, over the last week many players have cited their view that the bank might hike […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.1030. However, the price could correct to 1.0880 and continue the uptrend after the pullback. USDJPY, […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to the 1.0920 level. Today the market is forming a consolidation range above this level. A downward breakout is expected with the wave continuing by the trend to the 1.0868 level and the structure potentially extending to the 1.0840 level. A correction to […]
TitleUSDCAD H1 | Potential bearish divergence? TypeBearish Reversal Preference: Price has just reacted off out pivot point of 1.33012 which is a multi swing high resistance level. A reverse from here, price could fall to 1st support at 1.32617 which is an overlap support Alternative scenario: However, if price breaks above the pivot it could […]