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” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the support. In this case, the pair is expected to break 5/8 (0.9826) and then continue growing towards the resistance […]
• EURGBP reversed from support level 0.8675 • Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up from the key support level 0.8675 (previous monthly high from June), intersecting with the 61.8% Fibonacci correction of the upward impulse from August. The upward reversal from this support level 0.8675 stopped the earlier […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9834 along with the correction up to 0.9922, EURUSD is expected to fall to break 0.9800 and then continue trading downwards with the short-term target at 0.9744. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the descending structure at 1.1226 along with […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support area during the pullback, EURUSD may reverse in the form of a new rising impulse. In this case, the upside correctional target may be at 0.9980. However, an alternative scenario implies that […]
• Bank of America reversed from round support level 30.00 • Likely to rise to resistance level 34.00 Bank of America previously reversed up from the round support level 30.00 (which stopped the earlier extended downward impulse wave (C) from the middle of March). The upward reversal from the support level 30.00 stopped the earlier […]
• GBPUSD reversed from resistance level 1.1490 • Likely to fall to support level 1.1000 GBPUSD currency pair recently reversed down from the key resistance level 1.1490 (former strong support from the start of September), intersecting with the 61.8% Fibonacci correction of the earlier sharp downward impulse from August. The downward reversal from this resistance […]
The Australian Dollar reached stability against the USD on Thursday. The current quote for the instrument is 0.6534. The Aussie had difficult times handling the RBA’s decision to raise the benchmark interest rate below market expectations. The next thing that put pressure on the Australian currency was a local recovery of the “greenback”. However, these […]
The major currency pair is consolidating on Thursday. The current quote for the instrument is 0.9910. Yesterday, a situation arose when investors seemed to be ready to break parity amid global risk attitude and sentiment improvement. However, cautiousness prevailed. The final data published by the Euro Area showed that the Services PMI dropped to 48.8 […]
USDJPY, “US Dollar vs Japanese Yen” In the H4 chart, USDJPY is trading within the “overbought area”. The Relative Strength Index is slowly moving towards 30. In this case, the pair is expected to break 8/8 (143.75) and then continue falling to reach the support at 7/8 (142.18). However, this scenario may be cancelled if […]
EURUSD, “Euro vs US Dollar” After completing the ascending wave at 0.9872 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to reach 0.9990 and may later start a new decline to return to 0.9872. After that, the instrument may form one more ascending structure towards 1.0010 […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD is reversing in the form of a new rising wave. In this case, the upside target may be at 1.3700. Later, the market may break the resistance area and […]
• GBPAUD reversed from resistance level 1.7650 • Likely to fall to support level 1.7400 GBPAUD currency pair recently reversed down from the multi-month resistance level 1.7650 (previous monthly high from August), intersecting with the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from January. The downward reversal from the […]