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.
Oil Traders Re-Build Longs The latest CFTC COT institutional positioning report shows that crude traders increased their net long positions last week from around 210k contracts to roughly 214k contracts. While not a huge increase, the adjustment does at least put an end to the weeks of reductions we’ve seen in upside bets. This change […]
Type: Bearish Drop Key Levels:Resistance: 2647.6Pivot: 2565.0Support: 2462.0 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 2565.0 where the pullback resistance and 38.2% fibonacci retracement are to the 1st support at 2462.0 where the pullback support and 38.2% fibonacci […]
ETH on Watch While the crypto market, as a whole, is still seeing a washout this year, Ethereum has been quietly grinding higher over recent weeks. ETH is seeing some specific support linked to a planned change in the currency’s operating system. ETH, which is the second largest digital coin, behind Bitcoin, will shift from […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it to indicate a possible ascending tendency. In this case, the pair is expected to rebound from 6/8 and resume growing towards the resistance at 8/8. However, this scenario may be […]
Type: Bullish Rise Key Levels:Resistance: 1.05075Pivot: 1.04215Support: 1.03405 Preferred Case:On the H4, with the price moving within the ascending trendline and pullback from the trendline, we have a bullish bias that the price may rise form the pivot at 1.04215, where the 23.6% fibonacci retracement and overlap resistance are to the 1st resistance at 1.05075, […]
Type: Bullish Rise Key Levels:Resistance: 13781Pivot: 13383Support: 13004 Preferred Case:With the price breaking the descending trendline and DIF line is crossing above the signal line in MACD , if the price could break the pivot at 13383, we could have a bullish bias that the price may rise to the 1st resistance at 13781, where […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the bullish channel’s upside border at 1.0040 and then resume moving downwards to reach 0.9780. Another signal in favour of a further downtrend […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 0.9909, EURUSD is growing towards 1.0030. After that, the instrument may start another with the target at 0.9950, or even extend this structure down to 0.9807. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.1755, GBPUSD is growing towards […]
• Palladium reversed from round support level 2000.00 • Likely to rise to resistance level 2300.00 Palladium recently reversed up from the round support level 2000.00 (which stopped the previous minor correction (iv) from the start of August). The support area near the support level 2000.00 was strengthened by the lower daily Bollinger Band, support […]
• GBPAUD broke support level 1.7000 • Likely to fall to support level 1.6800 GBPAUD currency pair recently broke the support level 1.7000 (which stopped the previous minor impulse wave 1 from the start of August). The breakout of the support level 1.7000 coincided with the breakout of the daily down channel from the start […]
Type: Bearish Drop Key Levels:Resistance: 33435Pivot: 32609Support: 31851 Preferred Case:On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price […]
Type: Bearish Drop Key Levels:Resistance: 4325.00Pivot: 4200.25Support: 3950.00 Preferred Case:On the H4, with price breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 4200.25 where the pullback resistance and 38.2% fibonacci retracement are to the 1st support at 3950.00 […]