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.
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling towards the support at 1/8. However, this scenario may be cancelled if the price breaks […]
• AUDUSD broke resistance level 0.7050 • Likely to rise to resistance level 0.7150 AUDUSD currency pair recently broke the key resistance level 0.7050 (top of the earlier wave A from the start of August). The breakout of the resistance level 0.7050 coincided with the breakout of the Fibonacci cluster made out of the 50% […]
Type: Bullish Rise Key Levels:Resistance: 14210Pivot: 13664Support: 13376 Preferred Case:On the H4, with price moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise from pivot at 13664 where the pullback support is to the 1st resistance at 14210 in line with 100% fibonacci projection […]
Type: Bullish Bounce Key Rise:Resistance: 3851Pivot: 3742Support: 3659 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 3742 where the pullback support is to the 1st resistance at 3851 where the swing high resistance, 161.8% fibonacci extension and 78.6% fibonacci […]
EURUSD took advantage of the reasons for growth and may yet continue to improve. The major currency pair remains in good spirits on Thursday. The current quote for the instrument is 1.0225. Yesterday, the US released important and long-awaited data on inflation. Although when making monetary decisions the US Fed pays more attention to the other indicators, […]
EURUSD, “Euro vs US Dollar” After breaking the consolidating range to the upside and reaching the short-term target at 1.0366, EURUSD is correcting downwards. Possibly, the pair may test 1.0270 from above and then form one more ascending wave with the target at 1.0404. GBPUSD, “Great Britain Pound vs US Dollar” Having broken the consolidation […]
• S&P 500 rising inside impulse waves (iii) and 3 • Likely to rise to resistance level 4300.00 S&P 500 index recently broke the resistance level 4170.00 (which stopped the earlier waves (4) and 2 in May and June). The breakout of the resistance level 4170.00 continues the active short-term impulse waves (iii) and 3 […]
• Platinum broke resistance level 955.00 • Likely to rise to resistance level 1000. Platinum recently broke the resistance level 955.00 (top of wave A from June) intersecting with the 61.8% Fibonacci correction of the C-wave from June. The breakout of the resistance level 955.00 accelerated the active impulse waves (iii) and C – which […]
Type: Bullish Rise Key Levels:Resistance: 1809.50Pivot: 1784.50Support: 1764.75 Preferred Case:On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap […]
Type: Bullish Rise Key Levels:Resistance: 72.14Pivot: 68.00Support: 63.91 Preferred Case:On the H4, with price moving along the ascending channel and above the ichimuku cloud, we have a bullish bias that price may rise from our pivot at 68.00 where the 38.2% fibonacci retracement is to the 1st resistance at 72.14 where the pullback resistance and […]
EURUSD, “Euro vs US Dollar” EURUSD is no longer moving inside the Triangle pattern. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0245 and then resume moving upwards to reach 1.0505. Another signal in favour of a further uptrend […]
AUDUSD rose as the “greenback” loosened its grip. The Australian Dollar is slowly correcting against the USD on Thursday after skyrocketing the day before. The current quote for the instrument is 0.7095. The statistics published earlier showed that NAB Business Confidence in Australia rose to 7 points in July after being 2 points in June. […]