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.
EURUSD, “Euro vs US Dollar” EURUSD has performed the second declining impulse to 1.1107. Today the market is forming a consolidation range above this level. An escape from the range downwards and an extension of this wave to 1.1025 are expected. This is a local target. After the price reaches this level, a correction to […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is approaching the oversold area. In this situation, a rebound from 6/8 (1.1108) is expected, followed by a rise to the resistance level of 8/8 (1.1230). The scenario can be cancelled by […]
The FTSE Finish Line – July 24 – 2023 FTSE Marking Time Ahead Of Central Bank Policy Updates Ahead On Monday, the UK’s FTSE 100 index remained flat, with gains in telecoms firm Vodafone Group offsetting losses in financial stocks. Vodafone Group saw a significant increase of 4.7% in its stock price after reporting accelerated […]
TitleNZDUSD H4 | Approaching 78.6% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.61288 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.62185. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support at 0.60673. […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the Tenkan-Sen line. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower boundary of the Cloud at 1.1085 is expected, followed by a rise to 1.1335. An additional signal confirming the rise will be a rebound from the […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support level. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1985.50. Upon testing the resistance, the price might break it and continue the uptrend. However, the quotes could pull back to […]
Consumer Confidence Dips The latest data out of the UK today painted a very mixed picture. Firstly, the GfK consumer confidence reading was seen printing -30, down from -24 previously and worse than the -25 the market was looking for. This marks the first fresh decline in UK consumer confidence in 6 months and comes […]
TitleEURUSD H1 I Potential bearish reversal? TypeBearish Reversal Preference: Price is rising towards our pivot point of 1.11775 that aligns with 38.2 and 50% Fibo retracement, indicating Fibo confluence zone. A reverse from here, price could fall to 1st support at 1.11276 which is support level Alternative scenario: However, if price breaks above the pivot, […]
TitleGBPJPY H4 | Bearish reversal at 61.8% fibo projection? TypeBearish Reversal Preference:Price is currently in a bullish momentum, heading towards our pivot point at 181.57, which aligns with the 61.8% fibo projection. Price could potentially become bearish once it reaches our pivot point, and fall towards the 1st support at 179.708, which is a multi-sing […]
What is US Earnings Season? The US earnings season, which happens quarterly, is a key focus point for traders. During this period, companies unveil their financial performance over the prior quarter, presenting comprehensive reports on revenue, profits, expenses, and forward-looking projections. The impact of these earnings releases is highly tradable, significantly influencing stock market dynamics […]
The price of BTC dropped to 29,846 USD on Friday. The price of the flagship cryptocurrency is marginally above the 29,800 USD support. The next support is at the 29,500 USD level. If buyers are fighting for bullish momentum, they are doing so without the previous enthusiasm. The relative weakness of the US dollar and […]
Labor market and consumer confidence data in the US, released yesterday, beat estimates, allowing the dollar to stage a comeback. EURUSD retreated into the range of 1.11-1.1150 in line with expectations, GBPUSD also extended its correction, driven by a weak inflation report, dropping to 1.2850. The monthly charts of EURUSD and GBPUSD deserve attention: It’s […]