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.
GBPUSD remains under pressure; the asset is trading at its 30-month lows. On Tuesday morning, the Pound Sterling is looking as weak against the USD as before. The current quote for the instrument is 1.1715. It appears that the British economy can’t handle one problem before another starts knocking on the door. This continuous stress […]
EURUSD got very close to parity again. The major currency pair recovered a little bit after plunging earlier this week. The current quote for the instrument is 0.9984. The key negative vibe for EURUSD was the speech delivered by US Fed Chair Jerome Powell at the economic symposium in Jackson Hole. Powell said that the […]
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 […]
Type: Bearish Drop Key Levels:Resistance: 3.7120Pivot: 3.5620Support: 3.4500 Preferred Case:On the H4, with price breaking the trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 3.5620, where the swing lows and 61.8% fibonacci retracement are to the 1st support at 3.4500, where the 50% fibonacci […]
EURUSD, “Euro vs US Dollar” After rebounding from 0.9914 and completing a new ascending structure at 1.0000, EURUSD is consolidating below the latter level. Possibly, the pair may expand the range up to 1.0030 and then resume moving downwards the target at 0.9830. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.1648 and […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no […]
Type: Bearish Drop Key Levels:Resistance: 4200.75Pivot: 4077.50Intermediate Support: 4007.25Support: 3948.25 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 4077.50 where the pullback resistance, 23.6% fibonacci retracement and 61.8% fibonacci projection are to the 1st support at 3948.25 where the pullback […]
Type: Bearish Drop Key Levels:Resistance: 22420Pivot: 20695Intermediate Support: 19390Support: 18830 Preferred Case:On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20695 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 18830 where the swing low support and […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1805 and then resume moving downwards to reach 1.1395. Another signal in favour of a further […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new rising impulse. In this case, the upside correctional target may be at 1.0065. However, an alternative scenario implies that the price […]
• CHFJPY reversed from resistance level 143.00 • Likely to fall to support level 141.35 CHFJPY currency pair recently reversed down from the key resistance level 143.00 (which stopped the previous impulse waves (5) and (B)) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 143.00 stopped the earlier short-term […]
• GBPCHF reversed from support level 1.1290 • Likely to rise to resistance level 1.1420 GBPCHF currency pair recently reversed up from the support level 1.1290 (which stopped the previous minor impulse wave (i) earlier this month) standing near the lower daily Bollinger Band. The upward reversal from the support level 1.1290 stopped the earlier […]