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.
USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average and rests above it, which indicates a possible development of an uptrend. The RSI has rebounded from the support line. In this situation, a breakout of 4/8 (0.9033) is expected, followed by growth to the resistance level of 5/8 (0.9094). The scenario […]
Is ETH About to Move Higher? Crypto watchers, ETH traders in particular, are getting excited today over news that a major ETH whale has become active in the market again. According to data from industry site lookonchain, a major ETH investor who was part of the ETH genesis ICO has made their first transaction in […]
TitleUSDJPY H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot of 137.763 which is a multi-swing high resistance. A reverse from here, price could fall to 1st support at 136.265 which is an overlap support that aligns with a 38.2% Fibonacci retracement. Alternative scenario:However, if price breaks above […]
BRENT Brent has left the borders of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 75.05 is expected, followed by a rise to 80.36. An additional signal confirming the rise will be a rebound from the upper border […]
XAUUSD, “Gold vs US Dollar” Near the support level, Gold has formed an Engulfing reversal pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be 2015.00. Upon testing the resistance, the price might break this level and continue the uptrend. However, the price could pull back […]
Oil Traders Increase Longs… Slightly The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions in oil last week. Total upside exposure was raised to 217k contracts from 215k contracts prior. The muted change has been reflected in the choppy price action we’ve seen recently in crude futures. While […]
Daily Market Outlook, May 18, 2023 Asian equity markets posted gains overnight as the region followed the positive momentum from Wall Street. The rally in stocks was driven by optimism surrounding regional banks and progress in debt ceiling talks.The Nikkei 225 surged by 1.5% at the open, supported by reports of potential subsidies for Japanese […]
The market’s most traded currency pair continues to retreat on Wednesday. The current EURUSD quote is 1.0860. Investors are even more interested in safe-haven assets than before. This is due to the issue of the US government debt limit. In these circumstances, the US dollar is looking increasingly attractive. This will continue to be the […]
Daily Technical Trade Setups For Apple, NZDJPY & CADCHF To access today’s actionable analysis, click here! Source: Tickmill
Musk Shares Dim View on Economy Tesla shares are trading higher ahead of the open today on the back of the annual shareholder meeting yesterday. The event was an interesting one. CEO and founder Elon Musk was seen striking a tone of caution over the economic outlook and warned that Tesla would not be immune […]
The British pound remains under pressure against the US dollar. The current GBPUSD quote is 1.2436. First, the Pound Sterling is under pressure from a strong US Dollar, which is in demand as a safe-haven asset while global capital markets are avoiding risk. UK employment market statistics released yesterday were disappointing. The unemployment rate rose […]
USDJPY, “US Dollar vs Japanese Yen” The quotes on H4 and the RSI are nearing the overbought area. A test of 8/8 (137.50) is expected, followed by a rebound from it and a decline to the support at 6/8 (135.93). The scenario can be cancelled by rising above the resistance level of 8/8 (137.50). In […]