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 BTC exchange rate fell to 27,621 USD on Wednesday. The loss of the leading cryptocurrency for the week is 3.4%. When interest in meme coins skyrocketed, the processes of conducting transactions in the BTC became so difficult that the Binance exchange decided to suspend them in an attempt to prevent long queues. This caused […]
Daily Market Outlook, May 10, 2023 Asian equity markets maintained a muted tone overnight, mostly in the red after a lacklustre handover from Wall Street, where Fed officials comments were deemed more hawkish than expected, while Fed’s Williams ceded he would consider a pause in the rate cycle at the next meeting, he was keen […]
PLTR Beats Forecasts Shares in Peter Thiel founded tech company Palantir were seen exploding higher yesterday. PLTR stock gapped open following the release of Q1 earnings after the bell on Monday and pushed on to end the session around 25% highs from Monday’s closing price. Looking at the breakdown of Q1 results, PLTR posted EPS […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0985 is expected, followed by a decline to 1.0845. An additional signal confirming the decline will be a rebound from the […]
XAUUSD, “Gold vs US Dollar” Near the resistance level, the instrument has formed a Harami reversal pattern. The quotes are currently going by the reversal signal in a descending wave. The correction target could be 2015.00. After testing the support, the price could get a chance to rebound from it and go on by the […]
EUR Longs Overextended The latest CFTC COT institutional positioning data shows that EUR traders continued to add to longs in the week ending May 2nd. With this latest increase, EUR is the most overbought of the G10 pack. Indeed, despite longs being increased last week, price action shows a loss of upside momentum suggesting risks […]
TitleUS30USD H4 | Dropping to support TypeBullish Bounce Preference:Price could approach the pivot point of 33292.68 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 33803.46. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 33039.15. To discuss this trading idea, […]
TitleUSDCHF H1 | React off 61.8% TypeBearish Reversal Preference:Price is approaching our pivot at 0.893 which is a pullback resistance level that lines up with 61.8% Fibonacci retracement. A reverse from here, price could drop to 1st support at 0.88873 which is a swing low support level Alternative scenario:However, if price breaks above the pivot, […]
TitleNZDUSD H4 | Falling to pivot point TypeBullish bounce Preference:Price is falling to our pivot point at 0.63114 which is a pullback support level. A bounce from here, price could push up to 1st resistance at 0.6352 which is just before a swing high resistance Alternative scenario:However, if price breaks below the pivot, it could […]
Binance Issues Impact BTC Bitcoin prices have stabilised over early European trading on Tuesday following heavy price falls in recent sessions. The selling comes in response to news that Binance, the largest crypto exchange, was seen temporarily freezing Bitcoin withdrawals twice over the weekend. The action was taken in response to heavy volumes and surging […]
Amazon Shares Reflect Uncertainty Shares in Amazon are trading a touch lower ahead of the open on Tuesday. The company’s stock remains down off the YTD highs for now despite a broad uptick in stocks on the back of Friday’s US jobs report. Shares were recently lifted by a set of better-than-forecast Q1 results, reported […]
Daily Market Outlook, May 9, 2023 Asian equity markets traded with a mixed tone overnight after a subdued handover from Wall Street, the much anticipated Senior Loan Officers Opinion data suggested that the banking turmoil in the US had impacted credit conditions Stateside with the appetite for credit receding as loan demand declined in the […]