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.
Gold has managed to form a bearish flag and approach the resistance at the level of 1820.00. The asset might potentially pull from this level and jump. Currently, gold is undergoing a mere correction. So, it would be wise to follow the candlestick formations to understand what might happen next. American stock index S&P 500 […]
The BTC is looking for some reasons to return to stable growth, and on Monday has started to gro cautiously. The current quote is 21,874 USD. Over a week, the BTC has lost 4.25%. The losses of the crypto are directly connected to the moods on the US stock market. Investors are nervous, waiting for […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed an Inverted Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the correction might be 1.3400; later the price can bounce off the resistance level and continue the decline. However, the price may drop […]
Daily Market Outlook, February 13, 2023 A Cautious Start To Trading Ahead of Inflation Data Asian equities are mixed this morning ahead of tomorrow’s key US inflation print, with investors hoping that the trend in retreating inflationary pressures persists, however, Friday’s reports of revisions to past CPI data and elevated consumer inflation expectations have investors […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential for Bullish Rise to recent swing high TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for USDCAD is slightly bullish as there is a key support […]
EURUSD keeps retreating. The current quote is 1.0670. The currency pair dropped to the lows of five months. The reason is the market fear of the lengthy phase of monetary policy tightening by the US Federal Reserve System. First, the US presented the labour market report for January, and it turned out strong. It made […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is going inside the bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.2100 is expected, followed by falling to 1.1835. An additional signal confirming the decline will be a bounce off […]
Paypal Beats Earnings Forecasts Again Shares in iconic payment processing provider Paypal are tanking this week on the back of the company’s Q4 earnings. Shares are now down around 12% from last week’s YTD highs. The fall comes despite Paypal earnings falling near enough in line with expectations. EPS came in above forecasts at $1.24 […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential to recent swing low TypeBearish momentum Preference:Looking at the H4 chart, my overall bias id bearish as there is a descending trend line, Looking for sell entry at1.34512. […]
Oil prices rebounded on Friday to the highest level in 10 days on reports that Russia is going to voluntarily cut crude oil output. The news increased anxiety about potential market deficit especially if global demand recovery will accelerate in 2023. Brent benchmark traded near $87/bbl, WTI oil price gained 2%, advancing to $80/bbl. The […]
Shares of the Asia-Pacific region were trading mostly in the red today, taking over the bearish baton from the American session on Thursday. The US Dollar Index (DXY) rose to 103 amid a decline in risk appetite, EURUSD and GBPUSD struggle to defend 1.07 and 1.21 levels respectively. The crypto market also collapsed. The main […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a correction to 1.0790. Today the market is developing a new structure of decline. A link of decline to 1.0690 is expected, followed by growth to 1.0740 and a decline to 1.0655, from where the wave might extend to 1.0610. The goal is local. GBPUSD, […]