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.
Type: Bearish Drop Key Levels:Resistance: 0.0075890Pivot: 0.0074140Support: 0.0073120 Preferred Case:On the H4, with the price moving below the ichimoku cloud and breaking the ascending trendline, we have a bearish bias that the price may drop from the pivot at 0.0074140, which is in line with the pullback support, 61.8% fibonacci retracement and 61.8% fibonacci projection […]
EURUSD remains neutral in anticipation of the FOMC Meeting Minutes. The major currency pair is barely moving on Wednesday. The current quote for the instrument is 1.0163. Despite getting a lot of information in the last 24 hours, investors aren’t very active. One may assume that they are saving strengths in anticipation of the FOMC […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0225. However, an alternative scenario implies that the price may correct […]
• EURAUD reversed from support level 1.44 • Likely to rise to resistance level 1.4740 EURAUD currency pair recently reversed up sharply from the powerful support level 1.4400 (which previous stopped the sharp downtrend in April, as can be seen below). The upward reversal from the support level 1.4400 started the active minor correction 2. […]
• GBPNZD broke key resistance level 1.9100 • Likely to rise to resistance level 1.9270 GBPNZD recently broke above the key resistance level 1.9100 (former lower boundary of the sideways price range inside which the pair has been trading from the middle of April). The breakout of the resistance level 1.9100 accelerated the active short-term […]
Type: Bullish Rise Key Levels:Resistance: 27225Pivot: 24315Support: 22495 Preferred Case:On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise to the pivot at 24315 where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, […]
Type: Bullish Rise Key Levels:Resistance: 35402Pivot: 34029Support: 33430 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 34029 where the pullback support is to the 1st resistance at 35402 in line with swing high resistance, […]
The BTC is slowly falling. On Wednesday, the major crypto is moving to $23,832. At the same time, the US stock market, which has a direct correlation with the BTC, continued rising yesterday, and the S&P 500 index even updated its highs. Why can’t the crypto market catch up with American exchanges? Probably, it’s because […]
GBPUSD remains under slight pressure on Wednesday after the United Kingdom released numbers on inflation. The Pound Sterling is slowly falling against the USD. The current quote for the instrument is 1.2114. The British CPI skyrocketed in July and reached 10.1% y/y after being 9.4% y/y in June and against the expected reading of 9.8% […]
Daily Market Outlook, August 17, 2022 Overnight Headlines Biden Signs Inflation Act, Sets 15% Minimum Corporate Tax Chipmakers Are Flashing More Warnings On The Global Economy Goldman Warns Iran Nuclear Deal Is ‘Unlikely’ After Oil Tumbles FX Activity Surges 8% As War And Inflation Risks Fuel Volatility Cheney, Republican Who Defied Trump, Loses Wyoming Race […]
Type: Bullish Bounce Key Levels:Resistance: 35508.28Pivot: 34117.23Support: 33492.68 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from our pivot at 34117.23 where the pullback support is to the 1st resistance at 35508.28 where the swing high resistance, 161.8% […]
Foreign trade indices of major energy importers continue to hit new lows and markets are increasingly focused on how governments will respond to rising natural gas prices. At the same time, the weakening of the yuan and a number of potential upside surprises for the US economy today decrease the odds of a bearish dollar […]