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” Having finished the ascending wave at 1.0230, EURUSD is consolidating around this level. Possibly, the pair may break it to the downside and then resume moving within the downtrend with the first target at 1.0051. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still growing towards 1.2048 and may […]
Credit Agricole Assessing the short-term EUR/USD risks The near-term outlook for EUR/USD tends to be dominated by the EUR-USD short-term rate spread, the peripheral yield spread to Bunds as well as the EUR/USD box yield spread and the performance of the Eurozone stock market relative to the US. We therefore assess the magnitude of the […]
Type: Bullish Bounce Key Levels:Resistance: 139.417Pivot: 137.751Support: 136.695 Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our 1st resistance at 139.417 where the 61.8% fibonacci projection and swing high resistance are from our pivot at 137.751 in […]
Apple Hiring News Hits Sentiment Shares in US tech giant Apple fell sharply yesterday amidst reports that the company will scale back hiring and spending into 2023, citing concerns over the economy. According to a Bloomberg report which ran yesterday, sources at the company confirmed plans to reduce expenditure in certain teams next year, in […]
US Stocks Fall on Apple Hiring & Spending News We’ve seen a mixed start for equities across the European open on Tuesday. While the current correction lower in USD is broadly supportive of risk appetite, there are still offsetting factors stopping equities markets from taking full advantage of a softer US Dollar. US stock markets […]
• FTSE 100 reversed from support level 7020.00 • Likely to rise to resistance level 7357.00 FTSE 100 index recently reversed up from the key support level 7020.00 (which has been reversing the pair from the middle of June), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 7020.00 started […]
• AUDUSD broke key resistance level 0.6870 • Likely to rise to resistance level 0.6960 AUDUSD currency pair recently broke above the key resistance level 0.6870 (which stopped wave (iv) at the start of this month). The breakout of the resistance level 0.6870 coincided with the breakout of the 50% Fibonacci correction of the downward […]
EURUSD, “Euro vs US Dollar” Having finished the ascending wave at 1.0200, EURUSD is correcting down to 1.0095. Later, the market may start another growth to reach 1.0230 and then resume moving within the downtrend with the target at 0.9830. GBPUSD, “Great Britain Pound vs US Dollar” After completing the ascending wave at 1.2030, GBPUSD […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading inside the “oversold area”. In this case, the price is expected to break 0/8 and continue growing to reach the resistance at 1/8. However, this scenario may no longer be valid if the price rebounds from 0/8 to the downside. After that, […]
European energy companies are facing many challenges, amid continuing to bleed losses and debts, and searching for ways to finance their businesses, whose costs have increased in light of the rise in oil and gas prices. And energy prices in Europe this year (2022) reached record levels, in the wake of the Russian invasion of […]
Type: Bullish Bounce Key Levels:Resistance: 1.20531Pivot: 1.19335Support: 1.17551 Preferred Case:On the H4, with prices breaking out of the descending channel and RSI moving along an ascending trendline, we have a bullish bias that prices will rise from the pivot at 1.19335 where the 38.2% fibonacci retracement and pullback support are to the 1st resistance at […]
Type: Bearish Reversal Key Levels:Resistance: 1.03532Pivot: 1.0198Support: 0.99541 Preferred Case:On the H4, with price moving within the descending trend channel, we have a bearish bias that price will drop from the pivot at 1.0198 at the swing high in line with the 38.2% fibonacci retracement and 100% fibonacci projection to the 1st support at 0.99541 […]