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.
According to a note from Goldman Sachs on Thursday, US equities are headed for another big sell-off if economic data fails to improve quickly to justify the latest leg of the rally. Goldman’s Cecilia Mariotti noted that “In the absence of clear signs of positive macroeconomic momentum, temporary increase in risk appetite may actually increase […]
Type: Bullish Bounce Key Levels:Resistance: 33462.53Pivot: 32613.24Support: 31887.63 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 32613.24 where the pullback support is to the 1st resistance at 33462.53 where the swing high resistance, 161.8% fibonacci extension and -61.8% fibonacci […]
Daily Market Outlook, August 5, 2022 Overnight Headlines US July Job Growth Set To Be Robust, But Could Slow Ahead China Missiles Likely Fired Over Taiwan, Increasing Tensions Fed’s Mester Reiterates Resolve To Curb Inflation With Hikes Vital US Senator Sinema Agrees To $430Bln Drug, Energy Bill Dems Drop Carried Interest Change, Adds Stock Buyback […]
Type: Bullish Rise Key Levels:Resistance: 24615Pivot: 23500 Support: 22365 Preferred Case:On the H4, with price moving along an ascending trendline and bouncing from the stochastic support, we have a bullish bias that price will rise from our pivotat 23500 where the overlap resistance is. Once there is upside confirmation of price breaking pivot structure, we […]
Type: Bullish Rise Key Levels:Resistance: 236. 40 Pivot: 220.00 Support: 207.60 Preferred Case:On the H4, with price moving above the ichimoku cloud and the MACD histogram is above zero, we have a bullish bias that price will rise from our pivot at 220.00 where the pullback resistance and 61.8% fibonacci retracement are. Once there is […]
• CHFJPY reversed from support level 138.80 • Likely to rise to resistance level 142.00 CHFJPY recently reversed up from the support level 138.80, strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse wave 1 from June. The upward reversal from the support level 138.80 started the active […]
BRENT As we can see in the H4 chart, Brent is trading within the “oversold area”. In this case, the price is expected to break -1/8 and continue moving upwards to reach the resistance at 1/8. However, this scenario may no longer be valid if the asset breaks the support at -2/8 to the downside. […]
Type: Bullish Rise Key Levels:Resistance: 33429Pivot: 32609Support: 31859 Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 32609 where the pullback support is to the 1st resistance at 33429 where the swing high resistance, -61.8% fibonacci expansion and 161.8% fibonacci […]
Type: Bullish Rise Key Levels:Resistance: 2564.0Pivot: 2494.8Support: 2460.9 Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 2494.8 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry […]
• Bank of America broke key resistance level 34.00 • Likely to rise to resistance level 36.00 Bank of America recently broke the key resistance level 34.00 (which has been continually reversing the price from the middle of July). The breakout of the resistance level 34.00 continues the active C-wave of the ABC correction (B). […]
• USDJPY reversed from support level 131.40 • Likely to rise to resistance level 136.00 USDJPY recently reversed up from the support level 131.40 (former monthly high from May), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse wave 1 from May. The upward reversal from the support […]
EURUSD, “Euro vs US Dollar” After breaking 1.0186 upwards, EURUSD is expected to continue growing towards 1.0256. Later, the market may resume trading downwards with the target at 1.0115, or even extend this structure down to 1.0080. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the descending wave at 1.2065; right now, it […]