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.
Gold Prices Plunge It’s been an interesting week across the board in markets with many noteworthy moments; hawkish minutes releases from the Fed and ECB, the UK PM resigning, oil falling and rising, there’s been plenty of action. However, talking with traders today ahead of the weekend it seems the main focus for most has […]
Type: Bullish Breakout Key Levels:Resistance: 141.384Pivot: 136.701Support: 134.271 Preferred Case:On the H4, with price moving along an ascending trendline and bouncing off the ichimoku support, we have a bullish bias that price will rise to our pivot at 136.701 in line with the swing high resistance and 100% fibonacci projection. Once there is upside confirmation […]
• NZDJPY reversed from key support level 83.25 • Likely to rise to resistance level 84.75 NZDJPY recently reversed up from the key support level 83.25 (which stopped wave (2) in June), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from May. The upward reversal from the support level […]
• WTI reversed from key support level 95.00 • Likely to rise to resistance level 105.00 WTI crude oil recently reversed up from the key support level 95.00 (which has been reversing the pair from the start of March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December. The […]
Hawkish ECB Minutes Fuel Growth ConcernsYesterday’s ECB meeting minutes clearly highlighted the extent to which the bank has turned hawkish. The minute showed the bank focusing on inflation concerns and the need to tackle rising consumer prices. Indeed, many policymakers were seen calling on the need for more aggressive action and a frontloading of rate […]
NFP In FocusToday’sUS labour data will be in sharp focus as traders brace for the upcoming JulyFOMC meeting. With the FOMC minutes this week confirming the Fed’s plans topush ahead with aggressive tightening (.75% July hike) and Fed’s Waller andBullard both voicing support for such a move this week, it would likely take aheavy downside […]
Type: Bullish RiseKey Levels:Resistance: 6.834Pivot: 6.026Support: 5.382Preferred Case:On the H1, with prices moving above the ichimoku cloud and has broken the descending trendline, we have a bullish bias that price will rise from the pivot at 6.026 in line with the overlap support, 61.8% fibonacci projection and 38.2% fibonacci retracement to the 1st resistance at […]
Type: Bullish BounceKey Levels:Resistance: 3948.5 Pivot: 3862.00Support: 3746.50Preferred 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 3862.00 in line with the pullback support and 100% fibonacci projection to the 1st resistance at 3948.5 at […]
Type: Bearish MomentumKey Levels:Resistance: 129’14’5Pivot: 126’30’5Support: 124’09’0Preferred Case:On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to the pivot at 126’30’5 in line with the overlap support and 61.8% fibonacci projection. Once there is downside confirmation of price breaking pivot structure, we would expect […]
Type: Bullish RiseKey Levels:Resistance: 891.0Pivot: 850.8Support: 832.0Preferred Case:On the H1, with prices moving above the ichimoku cloud and has broken the descending trendline, we have a bullish bias that price will rise from the pivot at 850.8 in line with the pullback support and 50% fibonacci retracement to the 1st resistance at 891.0 where the […]
GBPUSD moved upwards in response to the British Prime Minister’s resignation. The Pound Sterling is consolidating against the USD on Friday after a slight growth the day before. The current quote for the instrument is 1.1936. British politics took the stage yesterday. British Prime Minister Boris Johnson has quit after finding himself in the crosshairs […]
Following strong U.S. job data, stocks and currencies recovered after a brief dip. Emerging market currencies and stocks pared some of their gains on Friday after a much stronger-than-expected increase in US payrolls bolstered the case for another major interest rate hike by the Federal Reserve, but they quickly returned to pre-data levels. The Fed’s […]