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: 98.38Pivot: 95.18Support: 90.69 Preferred Case:On the H4, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will drop to the pivot at 95.18 where the overlap support is. Once there is downside confirmation of price breaking pivot structure, we […]
Type: Bullish Rise Key Levels:Resistance: 8.028Pivot: 6.844Support: 6.060 Preferred Case:On the H4, with prices moving above the ichimoku cloud and in an ascending trend channel, we have a bullish bias that price will rise from the pivot at 6.844 in line with the overlap support, 100% fibonacci projection and 38.2% fibonacci retracement to the 1st […]
• USDCAD reversed from resistance level 1.3200 • Likely to fall to support level 1.3000 USDCAD currency pair recently reversed down from the key resistance level 1.3200, standing far above the upper Bollinger Band. The downward reversal from the resistance level 1.3200 started the active minor correction (iv) – which belongs to wave 3 from […]
BRENT Brent is rebounding from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 104.35 and then resume moving downwards to reach 88.45. Another signal in favour of a further downtrend will be a […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3240. Later, the market may break this level […]
Gold prices declined during trading today, Friday, July 15, 2022, to continue their path of the fifth consecutive weekly decline. The continued rise in the dollar and fears of higher US interest rates affected the demand for the yellow metal. Gold Prices Today The price of gold futures contracts for August delivery decreased by 0.21%, […]
Oil prices rose by more than 1%, during trading today, Friday, July 15, 2022, after US statements that an immediate increase in Saudi oil production is not expected, following US President Joe Biden’s visit to the Kingdom. This comes with further support from indications that the US Federal Reserve may raise interest rates less sharply […]
Daily Market Outlook, July 15, 2022 Overnight Headlines China’s Economy Expands At Slowest Pace Since Wuhan Outbreak China Renews Medium-Term Policy Loans, Rate Unchanged Fed Hawks Say They Want 75 Basis Point Rate Hike In July Fed’s Waller Says 75bps Rate Hike Is His Base Case For July Fed’s Bullard Favours 75bps Hike At July […]
Type: Bearish Momentum Key Levels:Resistance: 0.67660Pivot: 0.67175Support: 0.66485 Preferred Case:On the H4, with RSI moving along the descending trendline and price moving along the descending trendline, we have a bearish bias that price will drop to the pivot at 0.67175 where the 127.2% fibonacci extension , 100% fibonacci projection and swing low support are. Once […]
• Palladium under bearish pressure • Likely to fall to support level 1765.00 Palladium under the bearish pressure after the price broke the support level 1900.00 intersecting with the support trendline of the daily up channel from the middle of June. The breakout of this up channel accelerated the active minor impulse wave 3 from […]
• EURJPY reversed from support level 138.00 • Likely to rise to resistance level 140.00 EURJPY currency pair recently reversed up with the Bullish Engulfing from the key support level 138.00, standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from May. The upward reversal from the support […]
AUDUSD is falling despite the rate expectations and statistics. The Australian Dollar is falling against the USD on Friday. The current quote for the instrument is 0.6726. The USD keeps attacking and it prevents the AUD from recovering, even considering strong statistics. The data published yesterday showed that Employment Change was 88.4K in June against […]