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: Bullish Rise Key Levels:Resistance: 1.06965Pivot: 1.05910Support: 1.04780 Preferred Case:On the H4, with prices moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise to the pivot at 1.05910 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of […]
Type: Bullish Rise Key Levels:Resistance: 1.04665Pivot: 1.03120Support: 1.00260 Preferred Case:On the H4, with prices breaking the descending channel , we have a bullish bias that price will rise from the pivot at 1.03120 where the 38.2% fibonacci retracement is to the 1st resistance at 1.04665 where the overlap support is. Alternative Scenario:Alternatively, price could break […]
Type: Bullish Rise Key Levels:Resistance: 0.007784Pivot: 0.007629Support: 0.007490 Preferred Case:On the H4, with prices moving above the ichimoku indicator and broken out of the descending channel , we have a bullish bias that price will rise to the pivot at 0.007629 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0207. Possibly, today the pair may grow towards 1.0275 and then resume trading downwards with the target at 1.0117, or even extend this structure down to 1.0077. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.2167. Possibly, the pair may move upwards […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after reaching the short-term downside target at 0.9964, EURUSD has completed the ascending impulse along with the correction; right now, it is forming one more ascending structure towards 1.0360 and may later consolidate there. If the price breaks the range to the […]
A month ago, we wrote that the crypto market was panicking. Over the time that passed, the crypto sector has somewhat gained balance: buyers did not have enough power to regain control but balanced out quite easily. On Monday, the BTC is near $23,303. The past week and month ended up with growth: over July, […]
Bitcoin has already tested the flag. The asset currently remains at the broken level of 23,500. Bitcoin is likely to hit the level of 25,500 next. Oil hasn’t managed to form the reversal pattern, pulling back from the resistance level of 107.50. The asset has dropped to the level of 100. Oil is likely to […]
• NZDJPY reversed from support level 83.10 • Likely to rise to resistance level 84.30 NZDJPY currency pair recently reversed up from the strong support level 83.10 (low of the earlier waves (2) and 2), support trendline from February, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from May. The […]
• NZDCHF reversed from support level 0.5940 • Likely to rise to resistance level 0.6050 NZDCHF currency pair recently reversed up from the strong support level 0.5940 (which has been reversing the pair from the middle of July). The upward reversal from the support level 0.5940 stopped the previous impulse waves 3 and (3). Given […]
EURUSD, “Euro vs US Dollar” EURUSD continues testing the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may re-test the cloud’s upside border at 1.0175 and then resume moving upwards to reach 1.0405. Another signal in favour of a […]
Early in the week, EURUSD is consolidating and waiting for news. The major currency pair prefers to save strengths on Monday. The current quote for the instrument is 1.0222. The most anticipated and nervous event has already happened – the US FOMC raised its benchmark interest rate by 75 basis points, up to 2.25-2.5% last week. Investors […]