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.
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed an Engulfing reversal pattern. The instrument is now going by the reversal signal in a descending wave. The decline target might be 1.3555. Next, the price has a chance to break this target and continue the downtrend. However, the quotes might correct to the […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0701 and a link of correction to 1.0732. Today the market is consolidating around this level. The consolidation range is expected to extend to 1.0744. Next, a decline to 1.0732 (a test from above) and a rise to 1.0760 are […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. Another test of the Kijun-Sen line at 1.2365 is expected, followed by a decline to 1.2165. An additional signal confirming the decline will be a rebound from […]
The BTC rose to 28,093 USD by Monday. The weekly increase was 5.43%. The main growth momentum was achieved in the last couple of days. The recovery of the correlation between the BTC and the US stock market eventually allowed for buying the crypto, although investors were full of doubts earlier. Market rumours cite that […]
Title GBPUSD H4 | Cable heading into resistance Type Bearish Reversal Preference: Price could approach the pivot point of 1.23533 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.22811. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of 1.2394. […]
TitleEURUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 1.07588 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07069. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.07951. To discuss this trading idea, […]
TitleUSDCAD H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.36479, an overlap resistance level. A reverse from here, price could fall to 1st support level at 1.35596, a pullback support level. Alternative scenario:However, if price breaks above the piovt, it could rally to 1st resistance […]
TitleAUDUSD, Day | Bounce off support level TypeBearish Breakout Preference:Price has just bounced off our pivot point of 0.65012 which is a pullback support level. A reverse from here, price could rally to 1st resistance at 0.65818 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to […]
The BTC exchange rate on Friday is near the 26,455 USD mark. The local low was marked at the 25,865 USD level. Thus, the BTC price is trying to get back above the resistance at 26,650 USD. At the same time, chances for a new selling wave are quite high as long as the rate […]
The market’s most traded currency pair fell even lower on Friday. The current EURUSD quote is 1.0730. Investors are gradually withdrawing from risks without constructive news on the US government debt. The debate between Democrats and Republicans continues. Under these circumstances, the US dollar is in demand as a defensive asset. News from Germany is […]
Title ETHUSD H4 | Falling to overlap support Type Bullish Bounce Preference: Price is approaching the pivot point of 1791.48 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1858.27. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support of […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0707. Today the market has started developing a correction to 1.0755. This is the first target. After the price reaches this level, a correction might follow to 1.0730. Next, growth to 1.0790 is expected. GBPUSD, “Great Britain Pound vs US […]