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.
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the support level, such as Inverted Hammer, USDCAD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.3045. Later, the market may break this […]
• AUDNZD reversed from resistance level 1.1165 • Likely to fall to support level 1.1100 AUDNZD currency pair is currently testing the resistance level 1.1165 (which has been steadily reversing the price from the start of June), strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 1.1165 will stop the […]
• EURAUD reversed from support level 1.4370 • Likely to rise to resistance level 1.4600 EURAUD currency pair recently reversed up from the support level 1.4370 (which stopped the sharp downtrend in April) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.4370.10 stopped the previous short-term downward impulse wave […]
Type: Bearish Drop Key Levels:Resistance: 13348Pivot: 13004Support: 12415 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 13004 where the pullback support, 61.8% fibonacci retracement and 100% fibonacci projection are. Once there is […]
Type: Bearish Drop Key Levels:Resistance: 22490Pivot: 20695Support: 18890 Preferred Case:On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20695 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]
Activity in the BTC dropped again. On Wednesday, the major cryptocurrency is trading at $21,340; investors are waiting. The digital asset is moving within a clear sideways channel. Market players are relaxing and saving strengths in anticipation of US Fed Chairman Jerome Powell’s speech, to be delivered on Friday in Jackson Hole. During the Economic […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-Sen and 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 cloud’s downside border at 1.1880 and then resume moving downwards to reach 1.1575. Another signal in favour of […]
Daily Market Outlook, August 24, 2022 Overnight Headlines World At Rising Risk Of Recession As Inflation Hits Consumers Goldman Sees Powell Sticking To July Tightening Message At JH US Dollar Pauses For Breath Wednesday Ahead Of Jackson Hole Bitcoin Weakened After Slipping Back Beneath 21,500 Level Fed’s Kashkari: His Biggest Fear Is Inflation Will Be […]
With the USD seeing a fresh wave of demand, EURUSD has fallen to its lowest level in over 20 years with the pair now back under parity for the second time this year. Soaring inflation in the eurozone, made worse by the relentless rise in gas prices, is threatening to send the eurozone into recession […]
Type: Bullish Rise Key Levels:Resistance: 144.475Pivot: 141.150Support: 138.225 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 141.150 where the pullback support is to the 1st resistance at 144.475 in line with swing high […]
Crude Reversal Underway? Following a sustained decline from early highs on the year around $121.50s, crude prices are starting to turn higher again this week. Crude future shave been moving lower in a well-defined bear channel over the correction from the summer highs. However, after stalling along support at the 85.53 level, accompanied by bullish […]
After updating its 20-year lows, EURUSD remains under pressure. The major currency pair is looking weak on Tuesday. The current quote for the instrument is 0.9906. So, the Euro is cheaper than the “greenback”. We’ve already seen it this year, but the asset never traded so low – yesterday it tested 0.9930. Obviously, investors have […]