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.
EURUSD, “Euro vs US Dollar” EURUSD is stuck inside the Triangle pattern. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0215 and then resume moving downwards to reach 1.0095. Another signal in favour of a further […]
EURUSD, “Euro vs US Dollar” 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 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the price […]
At the beginning of the new week of August, the BTC is growing. This is good news: if the leading crypto remains stubborn and confident, it might escape the flat by the upper border. Now the BTC costs $23,787. The task of the crypto sector for the nearest few days is securing above $25,000. Next, […]
EURUSD, “Euro vs US Dollar” Having broken 1.0186 downwards, EURUSD is expected to continue falling towards 1.0122 and may later start another growth to return to 1.0186. After that, the instrument may resume trading downwards with the target at 1.0120, or even extend this structure down to 1.0080. GBPUSD, “Great Britain Pound vs US Dollar” […]
EURUSD reached stability; the asset remains inside its strategic sideways channel. The major currency pair is slowly rising, but it can be clearly seen that investors have no idea of what to do next. The current quote for the instrument is 1.0183. On one hand, investors got a very clear signal that the stability of […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.2115 and then resume moving downwards to reach 1.1765. Another signal in favour of a further downtrend […]
• EURJPY broke resistance level 136.65 • Likely to rise to resistance level 138.00 EURJPY currency pair recently broke the resistance level 136.65 intersecting with the 38.2% Fibonacci correction of the downward impulse C from July. The breakout of the resistance level 136.65 should accelerate the active intermediate impulse wave (3) from the start of […]
• GBPJPY reversed from support level 160.50 • Likely to rise to resistance level 166.00 GBPJPY currency pair recently reversed up with the daily Hammer from the key support level 160.50 (which has been continually reversing the price from the middle of June). The support zone near the support level 160.50 was strengthened by the […]
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 […]