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.
After three days of plummeting, EURUSD managed to recover to parity. The major currency pair is trying to regain its positions. The current quote for the instrument is 0.9990. The statistics published by the US yesterday turned out to be not as disappointing as it could have been. The Durable Goods Orders report showed no […]
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 target may be at 1.0055. However, an alternative scenario implies that the price may […]
Daily Market Outlook, August 25, 2022 Overnight Headlines Asian Markets Gain, Investors Anxious For U.S. Rate Hike Clues Hedge Funds Build Biggest Bet Against Italian Debt Since 2008 Dollar Eases From Near Two-Decade Peak As Jackson Hole Looms Global Stocks In For A Chilly Winter, Strategists Say – RTRS Poll Nvidia Forecasts Sharp Drop In […]
Gold has approached the supporting level of 1760 and the broken downtrend from the Elder timeframe, which is denoted by the blue line on the chart below. Currently, the price of gold is trying to pull from the abovementioned trendlines, targeting the level of 1880. So, let’s observe what is going to happen next. The […]
USDJPY, “US Dollar vs. Japanese Yen” On the H4 chart, after rebounding from 8/8, USDJPY is trading below it. In this case, the price is expected to test the support at 7/8, break it, and then continue falling and reach 6/8. However, this scenario may no longer be valid if the price breaks the resistance […]
Type: Bullish Rise Key Levels:Resistance: 70.30Pivot: 68.56Support: 65.91 Preferred Case:On the H4, with the price moving within the ascending trendline, we have a bullish bias that the price may rise from the pivot at 68.56, which is in line with the overlap resistance to the 1st resistance at 70.30, where the swing high is. Alternative […]
Type: Bearish Drop Key Levels:Resistance: 883.8Pivot: 858.9Support: 833.2 Preferred Case:On the H4, with price going within the descending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 858.9 where the overlap support is. Once there is downside confirmation that price has broken pivot structure, […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 0.9900, EURUSD is consolidating above this level. Possibly, the pair may grow to reach 1.0055 and then resume falling with the target at 0.9800. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.1717 and forming a new consolidation range […]
EURUSD remains under parity and raises a lot of questions. The major currency pair continues to fall. The current quote for the instrument is 0.9948. Demand for the “greenback” as a “safe haven” asset is not calming down, and it’s quite clear why: investors are still concerned about the possibility of a global recession. Macroeconomic […]
BBBY Shares Reverse Following an incredibly near-400% rally over the first two week of August, shares in struggling retailer Bed Bath & Beyond are almost back to where they started the month. The stock soared higher earlier this month as a result of a sudden return of the WallStreetBets trader community on Reddit. These retailer […]
Type: Bearish Drop Key Levels:Resistance: 1952.5Pivot: 1920.4Support: 1841.8 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 1920.4 where the pullback resistance is to the 1st support at 1841.8 where the pullback support, 50% fibonacci retracement and 161.8% fibonacci extension […]
GBPUSD hit the low of March 2020; the asset remains under pressure. The Pound Sterling hit a new bottom against the USD. The current quote for the instrument is 1.1823. Yesterday, the Pound was testing the low it reached on 23 March 2020, at 1.1717. Just like we said before, the Pound must be feeling […]