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: 823’4Pivot: 786’4Support: 736’7 Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to the pivot at 786’4 where the swing low support and 100% fibonacci projection are. Once there is downside confirmation of price breaking pivot structure, we would […]
Retail Sales Up Next On the back of Wednesday’s feverish US inflation report and subsequent hawkish comments from Fed’s Waller yesterday, traders are now keenly awaiting the release of US June retail sales later today. Given its role in calculating overall GDP, retail sales are a vital indicator of the health of the economy and, […]
Type: Bearish Momentum Key Levels:Resistance: 0.77305Pivot: 0.76450Support: 0.75615 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 rise and drop from the pivot at 0.76450 where the overlap resistance, 50% fibonacci retracement and 100% fibonacci projection are to the […]
Type: Bullish Rise Key Levels:Resistance: 13373Pivot: 12616Support: 12383 Preferred Case:On the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the […]
EURUSD, “Euro vs US Dollar” Having finished the descending wave at 0.9952 along with the ascending impulse towards 1.0040, EURUSD has completed the correction down to 0.9983, thus forming a new consolidation range. If later the price breaks the range to the upside, the market may start another growth to reach 1.0096; if to the […]
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 […]