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” As we can see in the H4 chart, the asset has formed a Shooting Star reversal pattern close to the resistance area. At the moment, EURUSD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.0120. However, an alternative scenario implies […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is correcting within the bullish channel. 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 137.60 and then resume moving upwards to reach 140.65. Another signal in favour of a […]
Type: Bearish Momentum Key Levels:Resistance: 4083.25Pivot: 3945.00Support: 3905.25 Preferred Case:On the H4, with price recently breaking the descending trend channel, we have a bullish bias that price will rise from the pivot at 3945.00 at the pullback swing high in line with the 78.6% fibonacci projection and 50% fibonacci retracement to the 1st resistance at […]
Netflix EPS Beat, Revenues Miss Netflix shares are trading higher ahead of the open today despite a bumpy set of second quarter earnings yesterday. Netflix came through with an EPS of $3.20, well above the $2.95 the market was looking for. However, revenues were seen lower than forecast at $7.97 billion vs $8.026 billion expected. […]
Type: Bullish Rise Key Levels:Resistance: 3.4808Pivot: 3.3401Support: 3.2003 Preferred Case:On the H4, with prices bouncing off the ichimoku indicator and moving along the ascending trendline while the RSI is moving along an ascending trendline, we have a bullish bias that price will rise to the pivot at 3.3401 in line with the swing high resistance […]
Type: Bullish Rise Key Levels:Resistance: 12943.25Pivot: 12232.25Support: 11790.25 Preferred Case:On the H4, with price moving in an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 12232.25 at the pullback resistance in line with the 78.6% fibonacci retracement to the 1st resistance at […]
Type: Bearish Momentum Key Levels:Resistance: 104.47Pivot: 101.56Support: 95.17 Preferred Case:On the H4, with price moving within a descending channel and RSI moving along a descending trendline, we have a bearish bias that price will drop from the pivot at 101.56 where the pullback resistance and 78.6% fibonacci retracement are to 1st support at 95.17 in […]
Type: Bullish Rise Key Levels:Resistance: 138.73Pivot: 137.22Support: 136.38 Preferred Case:On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise from the pivot at 137.22 in line with the pullback support to the 1st resistance at 138.73 where the swing high resistance […]
• Nasdaq 100 broke resistance level 12180.00 • Likely to rise to resistance level 12920.00 Nasdaq 100 index recently broke the resistance area located at the intersection of the resistance level 12180.00 (which stopped the previous waves (a) and (i), as can be seen below) and the 61.8% Fibonacci correction of the downward impulse from […]
• GBPNZD reversed from support level 1.9135 • Likely to rise to resistance level 1.9400 GBPNZD recently reversed up from the pivotal support level 1.9135 (which has been reversing the pair from the middle of April), strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the upward move from April. The […]
EURUSD, “Euro vs US Dollar” EURUSD is about to break 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 test the cloud’s upside border at 1.0155 and then resume moving upwards to reach 1.0530. Another signal in favour […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading within the “overbought” area. In this case, the price is expected to break the support at 8/8 and continue falling and reach 6/8. However, this scenario may no longer be valid if the price breaks the resistance at […]