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.
The Australian dollar against its US counterpart is declining slowly but steadily. The current quote 0.6748. The pressure that the USD applies to other currencies is too much to develop any alternative trend. The morning statistics demonstrated that the hopes for trade surplus in Australia had not come true. The surplus in July turned out […]
The Japanese yen against the US dollar looks extremely weak. The current quote is 143.82. The morning statistics demonstrated that the Japanese GDP in Q2, 2022 grew by 0.9% q/q and 3.5% y/y. In both cases, the result turned out to exceed expectations. It was a great surprise because investors had not expected much from […]
Type: Bearish DropKey Levels:Resistance: 1825Pivot: 1777.8Support: 1743.5Preferred Case:On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 1777.8 where the overlap support is to the 1st support at 1743.5, which is in line with the overlap support.Alternative Scenario:Alternatively, […]
Type: Bullish Rise Key Levels:Resistance: 1.1609Pivot: 1.1504Support: 1.1445 Preferred Case:On the H4, with the price pullback from the support, breaking the descending trendline, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.1504, where the current price is to the 1st resistance at […]
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed yet another reversal pattern Hammer. Currently, the pair is going by the pattern in an ascending impulse. The goal of the correction can be 1725.50. However, the quotes might fall to 1680.50 and continue the decline without testing the resistance level. NZDUSD, “New […]
EURUSD, “Euro vs US Dollar” The pair is correcting after a bounce off a strong support area. It is moving under the Ichimoku Cloud, indicating a downtrend. A test of the upper border of the Cloud is expected at 0.9995, followed by falling to 0.9775. An additional signal confirming the decline will be a bounce […]
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Type: Bullish Rise Key Levels:Resistance: 721’0Pivot: 667’4Support: 641’0 Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise from the pivot at 667’4 where the pullback support is to the 1st resistance at 721’0 in line with pullback resistance, […]
• NZDCAD reversed from strong support level 0.7920 • Likely to rise to resistance level 0.8030 NZDCAD currency pair recently reversed up from the strong support level 0.7920 (which stopped the earlier impulse waves 5 and (5) in July). The upward reversal from the support level 0.7920 stopped the previous intermediate impulse wave (3). Given […]
• AUDJPY broke key resistance level 96.65 • Likely to rise to resistance level 98.00 AUDJPY currency pair recently broke the key resistance level 96.65 (previous multi-month high from the start of June). The breakout of the resistance level 96.65 should accelerate the active impulse waves 3 and (3). Given the clear daily uptrend and […]
GBPJPY Breaking Out The recent GBPJPY long idea from the breakout above 163.18 highs is now moving nicely higher and the pair is around mid-way to target at the 168.39 level. The recent surge higher in GBP has benefited the trad nicely with the Pound boosted by confirmation of Liz Truss as the new UK […]
Type: Bearish Drop Key Levels:Resistance: 3948.50Pivot: 3909.50Support: 3743.75 Preferred Case:On the H4, with prices moving along the descending trendline, we have a bearish bias that price will drop from the pivot at 3909.50 where the overlap resistance is to the 1st support at 3743.75 where the pullback support and 61.8% fibonacci projection are. Alternative Scenario:Alternatively, […]