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.
The BTC is rising on Friday and trading around $20,589. The major cryptocurrency has been recovering for the third consecutive trading session after plummeting to $18,905 on Wednesday. Market fluctuations were caused by the CPI data for June published by the US. Inflation rate showed 9.1% y/y, the highest reading in 41 years. Market expectations […]
Type: Bullish Bounce Key Levels:Resistance: 0.81056Pivot: 0.80283Support: 0.79355 Preferred Case:On the H4, with prices moving above the ichimoku indicator and has broken out of the descending trendline, we have a bullish bias that price will rise from the pivot at 0.80283 where the pullback support is to the 1st resistance at 0.81056 in line with […]
USD: Balance of risks tilted to upside Global risk sentiment continues to be challenged by adverse developments across the world. The US banking earning season has kicked off on the wrong foot, China reported the weakest growth numbers (0.4% YoY, vs 1.2% expected) in more than two years, new Covid variants are boosting infection and […]
Type: Bearish Momentum Key Levels:Resistance: 3816.00Pivot: 3744.75Support: 3643.75 Preferred Case:On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will drop to the pivot at 3744.75 where the 78.6% fibonacci projection and swing low support are. Once there is downside confirmation of price […]
Type: Bullish Bounce Key Levels:Resistance: 120’30’5Pivot: 118’07’0Support: 116’17’0 Preferred Case:On the H4, with price moving in an ascending trend channel and moving above the ichimoku cloud , we have a bullish bias that price will bounce off the pivot at 118’07’0 in line with the overlap support to the 1st resistance at 120’30’5 at the […]
• EURCAD reversed from major support level 1.3020 • Likely to rise to resistance level 1.3200 EURCAD recently reversed up from the major long-term support level 1.3020 (former multi-year low from the middle of 2015), standing outside of the lower weekly Bollinger band. The upward reversal from the support level 1.3020 is likely to form […]
EURUSD, “Euro vs US Dollar” EURUSD has finished the descending wave at 0.9997 along with the correction up to 1.0121. Possibly, today the pair may form a new descending structure towards 0.9975 and then start another correction with the target at 1.0220. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.1878 and […]
Type: Bearish Momentum Key Levels:Resistance: 0.007362Pivot: 0.007296Support: 0.007126 Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trend channel and trendline, we have a bearish bias that price will continue to drop from the pivot at 0.007296 in line with the pullback resistance, 61.8% fibonacci projection and -27.2% fibonacci […]
Type: Bearish Momentum Key Levels:Resistance: 3.7979Pivot: 3.5345Support: 3.1892 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 3.5345 where the 61.8% fibonacci retracement and pullback support are. Once there is downside confirmation of […]
• Gold broke pivotal support level 1725.00 • Likely to fall to support level 1684.00 Gold recently broke below the pivotal support level 1725.00 (former multi-month support from last September). The breakout of the support level 1725.00 is aligned with the clear downtrend that can be seen on the daily charts. Gold can be expected […]
• Citibank under bearish pressure • Likely to fall to support level 42.00 Citibank under the bearish pressure after the price broke below the strong support level 45.25 (which has been steadily reversing the price from the middle of May). The breakout of the support level 45.25 should accelerate the active minor impulse wave (iii) […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen, at 1.0055 and then resume moving downwards to reach 0.9765. Another signal in favour of a further downtrend will be a […]