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 keeps testing the supporting level of 19000 without breaking it. Bitcoin is still likely to pull away from the support and target the level of 22000 next. Having formed the new minimum, gold is trying to recover. So far, this asset is likely to approach the level of 1735, which is located next to […]
• GBPJPY rising in line with the weekly uptrend • Likely to test resistance level 162.50 GBPJPY continues to rise after the price reversed up from the round support level 150.00 (which reversed the pair multiple times in 2021), standing close to the 38.2% Fibonacci correction of the upward trend from the start of 2020. […]
Equity markets remain highly turbulent, apparently there is little consensus on what lies ahead for the global economy. US markets posted modest gains on Wednesday, but already on Thursday there are no signs of optimism left since risk assets decline, SPX futures trade below 3700 points, European markets tank, losing on average 1.5%. Fixed-income markets […]
Daily Market Outlook, September 29, 2022 Overnight Headlines Fed’s Evans: Fed Must Press On Despite Global Market Volatility Biden Tells Econ Team To Stay In Touch With Allies On Markets US Treasury Alarmed At UK Economic Chaos Unleashed By PM BoE Response Highlights ‘Impossible Trinity’ Of Liquidity Issues Pressure Builds On Kwarteng As UK Tories […]
EURUSD, “Euro vs US Dollar” After completing another descending wave at 0.9535 along with the correctional structure up to 0.9727, EURUSD is forming a new descending structure to break 0.9575. Later, the market may continue trading downwards with the target at 0.9408. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correction up […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading within the “overbought area”. The Relative Strength Index is heading towards 30 and is currently testing the support line, a breakout of which might signal a further downtrend. In this case, the pair is expected to break 8/8 (0.9765) and then continue […]
• EURCAD broke resistance level 1.3300 • Likely to rise to resistance level 1.3500 EURCAD currency pair rising strongly after the breakout of the resistance level 1.3300 (top of wave (i) from the middle of September) intersecting with the two resistance trendlines from March and February. The breakout of the resistance level 1.3300 continues the […]
• EURGBP reversed from long-term resistance level 0.9200 • Likely to fall to support level 0.8800 EURGBP falling after the pair reversed down from the powerful long-term resistance level 0.9200 (which has been reversing the price from the middle of 2020), standing far above the upper weekly Bollinger Band. The downward reversal from the resistance […]
Oil Traders Cover Shorts The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions in oil last week from 227k contracts to 240k contracts. This marks the second straight week of position building in oil, bringing the total upside position higher off the recent lows around 214k contracts, mostly […]
BNY Mellon BOE: Avoiding UK Mortgage Mayhem The Bank of England went to great lengths Wednesday to stress that its intervention in Gilt markets is purely a financial-stability-related operation. The time-limited and targeted nature of the purchases is clearly different from the operational parameters of quantitative easing or yield curve control. Coupled with the fact […]
After updating its multi-year lows again, the major currency pair rebounded. The current quote for the instrument is 0.9656. Last night, the local interest in risks improved a bit, helping the asset to successfully correct. Investor continue paying much attention to the news but none to the statistics. In the meantime, the US Goods Trade […]
The Pound Sterling is keeping balance against the USD as much as possible. The current quote for the instrument is 1.0800. The news released yesterday were rather puzzling. The Bank of England announced its decision to buy long-term bonds to calm markets starting 28 September, thus stopping the bond buying programme that started earlier. The […]