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.
Bitcoin has jumped above the level of 17000, signifying a potential rise. Since Bitcoin is volatile now, it is likely to undergo correction and gain the required support at the level of 16700 next to the local uptrend. The asset might potentially jump at the crossing point of this level and the local uptrend. So, […]
Type: Bullish Rise Key Levels:Resistance:12339.00Pivot:11465.00Support:10758.75 Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud,indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 12339.00, where the previous swing high is. Alternative Scenario:Price may […]
AUDUSD, “Australian Dollar vs US Dollar” The currency pair has pushed off the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6850 is expected, followed by growth to 0.7105. An additional signal confirming the growth will be a bounce […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, indicating prevalence of a downtrend. The RSI is approaching the resistance level. A test of 1/8 (0.9338) is expected here, followed by a bounce off it and falling to the support level of -1/8 (0.9216). The scenario can be […]
Daily Market Outlook, January 12, 2023 China Inflation Surprises On The Downside, Will The US Follow Suit? Overnight inflation data from China printed in line with expectations at 1.8% year over year, however, there was a downside surprise with respect to producer price inflation, which declined to -0.7% with market watchers pencilling in a -0.1%, […]
Type: Bullish Rise Key Levels:Resistance:81.06Pivot:73.40Support:74.33 Preferred Case:Looking at the H4 chart, my overall bias for CL1! 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 81.06, where the previous highs are. Alternative Scenario:Price may […]
On Thursday, the British pound against the US dollar remains neutral. The current quote is 1.2147. According to BRC, retail sales in Britain in December grew by 6.5% y/y. This is higher than forecast and higher than in November. Of course, the time of Christmas sales matters. Yet the situation is good all in all. […]
EURUSD, “Euro vs US Dollar” The currency pair has reached a local goal of the wave of growth at 1.0773. Today a correction to 1.0710 should start. After the correction is over, growth to 1.0788 is expected. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is forming a consolidation range around 1.2140. A […]
Risk appetite apparently grows in equity markets as Fed chief Powell did not take advantage of the Riksbank conference yesterday to repeat the recent mantra that a high inflation rate warrants further policy tightening. The market interpreted this as another signal that the Fed intends to slow down the pace of policy tightening, reaching “moderately […]
AUDJPY Turning Higher Again The latest test of the 88.02 level in AUDJPY has seen the pair turning sharply higher with price now up almost 5% from the initial 2023 lows. The main driver behind the move has been the better risk sentiment we’ve seen on the back of recent US data and China reopening. […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal in the form of a correctional wave. The goal of the pullback might be 1.0700. However, the price may grow to 1.0820, break through it, and continue the […]
Better Q4 Profits Seen Shares in J Sainsbury, the UK’s second-largest supermarket, are trading lower today despite a better profit outlook for Q4. The group recorded a 7.1% spike in sales in the six weeks leading up to January, while the 16 weeks through to January were 5.2% higher than the previous year. The World […]