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.
The Australian dollar witnessed a renewed decline against the US dollar on Tuesday. The current AUDUSD quote is at 0.6653. The Reserve Bank of Australia (RBA) kept the interest rate unchanged at 4.1% per annum, marking the second pause in the monetary policy structure this year. The board of directors was said to need more […]
Daily Technical Trade Setups For #NZDUSD #USDCAD & #GOOGL To access today’s actionable analysis, click here! Source: Tickmill
TitleUSDJPY H4 | Falling to overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 144.206 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 145.352. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 143.127. To discuss […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0915 is expected, followed by a decline to 1.0715. An additional signal confirming the decline will be a […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal pattern in an ascending wave. The correction target could be 1.3350. Next, the price might rebound from this level and continue the downtrend. However, the quotes could drop to 1.3175 without any […]
Daily Technical Trade Setups #SP500 #Nasdaq & #DowJones To access today’s actionable analysis, click here! Source: Tickmill
TitleUSDCAD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.3283 and could potentially reverse from here; we could see momentum carry price down to its 1st support of 1.32174. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.33325. To discuss this […]
TitleUSDCHF H4 | Heading into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.90124 and could potentially reverse from here; we could see momentum carry price down to its 1st support of 0.89456. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.90437. To discuss this […]
Daily Market Outlook, July 03, 2023 Munnelly’s Market Commentary… Asian equity markets started the new trading month on a positive note, drawing momentum from a rally on Wall Street. Market participants also digested key data releases, including an improved Tankan survey in Japan and better-than-expected Chinese Caixin Manufacturing PMI. The Nikkei 225 index rose by […]
The BTC exchange rate rose to 30,704 USD on Monday, with the flagship cryptocurrency gaining 1.4% during the week. Overall, last week was a relatively calm one for BTC. From a fundamental perspective, the crypto sector has strong support from large funds. Previously, news emerged that Fidelity had filed another application with the SEC to […]
The main currency pair looks stable on Monday. The current quote in EURUSD is 1.0910. According to previously released data, the Core Personal Consumption Expenditure (Core PCE) price index in the US rose 0.3% m/m in June against a forecast increase of 0.2% and a previous rise of 0.4%. On a year-on-year basis, the increase […]
Deliveries Soar in Q2 Shares in Tesla are trading higher ahead of the open today. The firm announced record new deliveries in Q2, well above Wall Street estimates. Elon Musk’s flagship company reported Q2 deliveries of 466k vehicles, around 5% higher than the 445k units the market was looking for. At this level, deliveries recorded […]