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.
XAUUSD, “Gold vs US Dollar” At the resistance level, Gold has formed an Engulfing reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the correction might be 1895.50. Upon testing the support level the pair might bounce off it and continue the uptrend. However, the quotes may […]
Daily Market Outlook, January 17, 2023 China Growth Concerns Cap Asian Equities EX Japan, BoJ Bets Supports The Nikkei China growth concerns have put a cap on the Asian equity markets’ bullish sentiment with the MSCI Asia Pac index retreating from seven month highs. China data confirmed 2022 as a dire year for the region […]
Technical Trade Set Ups for EURAUD, USDJPY & Crude Oil Source: Tickmill
EURUSD, “Euro vs US Dollar” The currency pair is forming a consolidation range around 1.0820. Today an escape downwards to 1.0768 is expected, followed by growth to 1.0820 and a decline to 1.0717, from where the trend might continue to 1.0660. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is forming a consolidation […]
EURUSD, “Euro vs US Dollar” The currency pair is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, implying an uptrend. A test of the Kijun-Sen line is expected at 1.0775, followed by growth to 1.1005. An additional signal confirming the growth will be a bounce off the […]
JPM Records Q4 Earnings & Revenues Beat America’s biggest bank, JP Morgan, kicked off US earnings season on Friday along with several other big names. The bank saw earnings and revenues both topping forecasts in Q4 with EPS of $3.57 vs $3.05 expected on revenues of $34.54 billion vs $34.35 billion expected. While the headline […]
Last week Bitcoin jumped quite a bit, forming the tower candlestick. This candlestick is strongly supported at the level of 16000. The price of Bitcoin also broke the weekly downtrend and got back to the supporting level of 16000. Next, Bitcoin has tested the broken trendline. The asset has been remaining in a very narrow […]
Daily Market Outlook, January 16, 2023 Risk Appetite Remains Buoyant, As The Dollar Makes New Lows For 2023 Asian Equities once again took a positive impetus from the rally on Wall Street Friday, with the benchmark SP500 notching up a 0.4% gain confirming back to back positive weekly gains to kick off the new year. […]
Type: Bullish Rise Key Levels:Resistance:291.70Pivot:277.30Support:263.15 Preferred Case:Looking at the H4 chart, my overall bias for ZINC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 291.70, where the 50% Fibonacci line is. Alternative Scenario:Price […]
The market major sticks to the peaks of April. The current quote is 1.0860. The USD remains stressed by the market expectations of the upcoming end of the tight monetary policy of the Federal Reserve System as long as inflation in the country is slowing down. After the December report on the CPI was published, […]
On Monday, the leading crypto has grown to 21,150 USD. Growth over the week amounted to 22.64%, the main part of this happening over the last four days. Since the beginning of the year, the BTC has grown by more than 28.00% – and this has happened on a low-liquid market. Buyers went through all […]
EURJPY Sitting on Key Level Price action in EURJPY is looking interesting here. The pair is currently sitting near the middle of the 133.27 – 147.75 range which has framed price action since Q2 last year. Over the last few months, EURJPY has been correcting lower, despite broad strength in EUR. Of late, JPY has […]