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.
Incoming data on the US economy continues to surprise on the upside, triggering massive unwinding of recession bets and luring investors back into risk assets on decreasing uncertainty. One such report was the ISM report on the non-manufacturing sector released yesterday which surprisingly showed that the sector continued to expand in July at a healthy […]
• WTI broke round support level 90.00 • Likely to fall to support level 85.00 WTI crude oil today broke below the key round support level 90.00 (which has been reversing the pair from the end of February). The breakout of the support level 90.00 accelerated the active impulse wave 5 of the intermediate impulse […]
• Amazon rising inside the ABC correction 4 • Likely to rise to resistance level 150.00 Amazon continues to rise inside the sharp upward correction 4, which previously broke the key resistance level 125.00, intersecting with the 38.2% Fibonacci correction of the downward impulse from March. The breakout of the resistance level 125.00, accelerated the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting inside the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2130 and then resume moving upwards to reach 1.2435. Another signal in favour of […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0122, EURUSD is correcting up to 1.0197. Later, the market may resume trading downwards with the target at 1.0078 and then form one more ascending structure towards 1.0190. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the descending wave at 1.2100; right […]
Bitcoin has formed the flag and broke the trendline. Now, the asset is trying to break the level of 23500. Bitcoin is on the rise and might hit the level of 25500 soon. Gold has pulled from the downtrend and dropped. The asset is likely to pull back from the broken monthly trend denoted by […]
Provocative from a Chinese point of view, Nancy Pelosi’s visit to Taiwan and the promised tough response from the Chinese authorities met with a rather tepid market reaction yesterday; the main US indices closed in a moderate minus, the dollar index met resistance at 106.50 and turned lower on Wednesday. The Fed’s verbal interventions have […]
AUDUSD is rising after a major plunge this week. The Australian Dollar is strengthening against the USD on Thursday. The current quote for the instrument is 0.6985. The Reserve Bank of Australian had another meeting this week where it raised the benchmark interest rate by 50 basis points, from 1.35% to 1.85%. The rate hike […]
EURUSD is recovering after plunging the day before. The major currency pair reached stability after yesterday’s decline. The current quote for the instrument is 1.0188. The Markit Services PMI in the US showed 47.3 points in July against the expected reading of 47.0 points. No matter what, the indicator remains below the psychologically important level […]
Type: Bullish Bounce Key Levels:Resistance: 24208.23Pivot: 22483.11 Support: 20703.19 Preferred Case:On the H4, with price moving within a bullish channel and expected to bounce from the stochastic support, we have a bullish bias that price will rise from our pivot at 22483.11 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are to […]
Daily Market Outlook, August 4, 2022 Overnight Headlines Bank Of England On Precipice Of Largest Rate Hike Since 1995 Fed’s Kashkari: Very Unlikely Will Cut Interest Rates Next Year Taiwan Braces For Impact From China Military Post Pelosi Trip White House Lobbies Dems Against Aims Deepen Taiwan Ties China Locks Down Part Of Tropical Tourist […]
Type: Bullish Rise Key Levels:Resistance: 33432Pivot: 32504Support: 31864 Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to our pivot at 32504 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would […]