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.
Type: Bearish Drop Key Levels:Resistance: 30680Pivot: 30045 Support: 39625 Preferred Case:On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. The price may drop form the pivot at 30045, which is in line with the 141.4% fibonacci extension and 78.6% fibonacci projection to the 1st support […]
Type:Bullish rise Key Levels:Resistance : 1581’4Pivot: 1483’4Support : 1377’2 Preferred Case:On the H4, with price moving along the ascending channel , we have a bullish bias that price will rise from the pivot at 1483’4, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1581’4 where the 61.8% fibonacci retracement […]
• EURUSD broke key support level 0.9900 • Likely to fall to support level 0.9700 EURUSD continues to fall after the earlier breakout of the key support level 0.9900 (which stopped the previous downward impulses (iii) and (i), as can be seen below). The breakout of the support level 0.9900 accelerated the active short-term impulse […]
Daily Market Outlook, September 23, 2022 Overnight Headlines A Day After Fed Raises Rates, Reverse Repos Hit A New Record Biden’s Approval Rating Up But Struggling On Key Issues: NBC Yellen Sees Path For Cooler Prices Without Jump In Jobless Rate EU Rushes To Agree On An Oil Price Cap After Putin’s Threats ECB’s Schnabel: […]
BNY Mellon Hedge Funds Search For Value Over the past week, we met with many long-only and leveraged investors in London and Cape Town. Several highlighted the chaotic nature of markets, with no clear visibility because of central banks’ seemingly open-ended tightening cycles. We sensed meaningful divergence in opinion. Whereas hedge funds are more open […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the correction to test 0.9903 from below. Today, the pair may continue trading downwards with the target at 0.9785. After that, the instrument may form one more ascending structure towards 0.9833 and then start a new decline to reach 0.9760. GBPUSD, “Great Britain Pound vs US Dollar” […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average it to indicate a possible descending tendency. The Relative Strength Index has rebounded from the descending trendline; it is still moving downwards. In this case, the pair is expected to continue falling towards the support at 4/8 (87.50). […]
• WTI broke key support 81.25 • Likely to fall to support level 75.00 WTI crude oil falling after the price broke the key support level 81.25 (which previously formed the daily Hammer in January and also the daily Morning Star at the start of September). The breakout of the support level 81.25 coincided with […]
• GBPUSD under strong bearish pressure • Likely to fall to support level 1.0800 GBPUSD under the strong bearish pressure after the pair broke the key support level 1.1400 (which stopped the previous downward impulse wave (iii) at the start of September). The breakout of the support level 1.1400 led to the latest breakout of […]
What a week. Feels like I’ve been saying this quite a lot recently, but it’s been another action-packed session for financial traders. We’ve seen rate hikes from the Fed, the SNB, Norges Bank and the BOE as well as the first currency intervention from the BOJ in over 30 years. The developments have naturally caused […]
Type: Bullish Rise Key Levels:Resistance : 147.900 Pivot: 144.275 Support : 141.100 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.275 to the 1st resistance at 147.900 where the 127.2% fibonacci extension is. Alternative […]
The BTC is trying to recover, but its hopes were shipwrecked. Yesterday, the major crypto gained almost 4%, but today it is retreating to $19,065. We’ve already told earlier that important support level at $18,000-$19000 “survived”. However, the BTC still stands a good chance to reach this range, because there are no good reasons to […]