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: Bearish Momentum Key Levels:Resistance: 137.22Pivot: 136.44Support: 134.06 Preferred Case:On the H4, with price moving below the ichimoku indicator and has broken the ascending trendline, we have a bearish bias that price will rise and drop from the pivot at 136.44 where the pullback resistance, 78.6% fibonacci projection and 38.2% fibonacci retracement are to 1st […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing Tenkan-Sen and Kijun-Sen. 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 1.1935 and then resume moving upwards to reach 1.2235. Another signal in favour of a […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the support level, such as Doji and Hammer, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3070. Later, the market […]
Type: Bullish Breakout Key Levels:Resistance: 0.69579Pivot: 0.68608Support: 0.67995 Preferred Case:On the H4, with price moving above the ichimoku cloud, moving in an ascending support and breaking out of the descending trend channel, we have a bullish bias that price will rise from the pivot at 0.68608 at the overlap resistance to the 1st resistance at […]
EUR Lower Following ECB Yesterday’s July ECB meeting saw a muted response in EUR. While the ECB pushed ahead with the larger-than-expected .5% rate hike, the bank’s accompanying guidance was less hawkish than previously. On the back of the meeting, traders have scaled back their rate-hike expectations for the remainder of the year. The ECB […]
European equities ended the week on a positive note despite higher-than-expected interest rate hike from the European Central Bank and disappointing survey data on activity in German manufacturing and services sectors. The ECB raised interest rates to zero percent on Thursday for the first time in 11 years, ending a negative interest rate policy in […]
Type: Bearish Breakout Key Levels:Resistance: 0.9737 Pivot: 0.96575Support: 0.95793 Preferred Case:On the H4, with price moving within the descending channel and below the ichimoku indicator, we have a bearish bias that price will drop to our pivot at 0.96575 where the swing low support and 61.8% fibonacci retracement are. Once there is downside confirmation of […]
BTC Rallies on Weaker USD The pull-back in the US Dollar this week has benefited risk assets across the board and cryptocurrencies have been a reflection of this. Bitcoin traded up to its highest level since early June, fuelling hopes of a near-term bottom. The driver behind the move has been the shift in market […]
Type: Bullish Rise Key Levels:Resistance: 0.63185Pivot: 0.62505Support: 0.61850 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.62505 where the overlap resistance is. Once there is upside confirmation that price has broken the pivot , […]
Type: Bullish Rise Key Levels:Resistance: 1.2184Pivot: 1.20611stSupport: 1.19552nd Support : 1.1778 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1.2061 where the swing high resistance and 61.8% fibonacci projection are. Once there is upside […]
Type: Bullish Rise Key Levels:Resistance: 13873Pivot: 13357Support: 12968 Preferred Case:On the H4, with price moving in an ascending trendline, moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 13357 at the pullback support at the swing low in line […]
• Gold reversed from support area • Likely to rise to next resistance level 1759.00 Gold recently reversed up from the support area lying between the key support level 1685.60 (which has been reversing the price from the start of April) and the lower weekly Bollinger Band. The upward reversal from this support area stopped […]