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” The pair is correcting after noticeable growth. It rests under the Ichimoku Cloud, indicating a downtrend. A test of the lower border of the Cloud is expected at 1.0513, followed by falling to 1.0545. An additional signal confirming the decline will be a bounce off the upper border of the […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Shooting Star reversal pattern. Going by the pattern, the pair might find itself in a descending impulse. The goal of the decline will be 1.0445. However, the price might still pull back to 1.0560 before resuming the downtrend. USDJPY, […]
Early Friday, the US dollar was stronger against its major trading partners ahead of a speech by Federal Reserve Chairman Jerome Powell, the release of May industrial production data, and the start of a three-day weekend. Powell is scheduled to speak at 8:45 a.m. ET at a Fed conference on the role of the US […]
Type: Bullish RiseKey Levels:Resistance: 105.261Pivot: 104.173Support: 103.586Preferred Case:On the H4, with price moving in an ascending trendline and above the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 104.173 at the pullback support in line with the 78.6% fibonacci retracement to the 1st resistance at […]
Type: Bullish BounceKey Levels:Resistance: 1103’6Pivot: 1084’0Support: 1072’4Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 1084’0 where the overlap support and 23.6% fibonacci retracement are to the 1st resistance at 1103’6 in line with the overlap resistance, 78.6% fibonacci projection […]
After the drop to 20,200 USD the leading crypto returned to 21,096 USD. The asset seems stuck near 20,000 USD, with a breakaway of which a pathway to 10,000 USD can open. As you remember, sales started after the June meeting of the US Federal Reserve system. The market is seriously worried about a slow-down […]
The Japanese yen against the US dollar started falling again. The current quote is 133.98. At a meeting on Friday, the Bank of Japan left the interest rate negative at -0.10% y/y. In theory, this decision had been expected: the regulator never announced any major actions and demonstrated no signs of readiness to revise the […]
Oil prices rose today, Friday, June 17, 2022, with continued supply tightening and new US sanctions to limit Iranian oil exports. Crude prices had started trading lower, with concerns about demand emerging in the wake of US interest rate increases. Oil Prices Today The price of the futures contracts for the benchmark Brent crude – […]
Type: Bullish RiseKey Levels:Resistance: 814’4Pivot: 787’4Support: 774’0Preferred Case:On the H4, with price moving in an ascending trend channel and above the ichimoku cloud, we have a bullish bias that price will continue to rise from the pivot at 787’4 in line with the pullback support and 61.8% fibonacci retracement to the 1st resistance at 814’4 […]
Type: Bullish RiseKey Levels:Resistance: 1916.681Pivot: 1842.696Support: 1808.346Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our pivot at 1842.696 in line with the 100% fibonacci projection to 1st resistance at 1916.681 in line with the 61.8% fibonacci retracement and swing high resistance.Alternative Scenario:Alternatively, […]
BRENT On H4, Brent quotes have bounced off the 200-days Moving Average and are trading above it, indicating the end of the correction and the continuation of the uptrend. A test of 7/8 is to be expected, followed by a breakaway and growth to the resistance level of 8/8. The scenario can be cancelled by […]
SNB SurpriseThe Swiss Franc has exploded higher today following a shock rate hike from the SNB. The market was widely expecting the SNB to leave rates at -0.75%, the lowest in the world. However, the bank joined the growing tide of central banks tightening their monetary policy by announcing a .5% hike at its June […]