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 summit of the Group of Seven industrialized countries ended yesterday, Tuesday, June 28, by agreeing to consider setting a ceiling for the price of Russian oil as part of its efforts to pressure Russia and its retreat from the war in Ukraine. Despite the difficulty of achieving this, the Group of Seven countries believes […]
Type: Bearish MomentumKey Levels:Resistance: 134.850Pivot: 132.575Support: 130.275Preferred Case:On the H1, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to the pivot at 132.575 in line with the swing low support and 100% fibonacci projection. Once there is downside confirmation, we could expect price to drop to the […]
Type: Bullish RiseKey Levels:Resistance: 116.61Pivot: 111.20Support: 107.09Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken the descending trendline which supports our bullish bias that price will drop and rise from the pivot at 111.20 where the overlap support is to 1st resistance at 116.61 in line with swing high resistance […]
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 1.2985. Later, the market may break this level […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 1.0555 and breaking this level, EURUSD continue falling towards 1.0494. Later, the market may grow to test 1.0555 from below and then resume falling with the target at 1.0440. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the descending wave at 1.2233 and […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. However, this scenario may no longer […]
Global energy consumption increased by 5.8% over the past year (2021), to exceed pre-corona epidemic levels, with the recovery of economic activity. The annual statistical review issued by the British oil company BP, which was seen by the Energy Research Unit, showed that global energy consumption exceeded 2019 levels by 1.3%. At the same time, […]
Hawkish Lagarde CommentsComments from ECB’s Lagarde this morning underlined the hawkish shift taking place at the ECB. Making her opening comments at the bank’s Sintra Forum in Portugal, Lagarde warned that the ECB would be nimble in its policy approach.The ECB chief said that while current plans are for a .25% hike in July, the […]
Type: Bullish RiseKey Levels:Resistance: 123.56Pivot: 113.13Support: 106.65Preferred Case:On the H4, with price recently breaking the descending trendline, we have a bullish bias that price will continue to rise from the pivot at 113.13 at the pullback support in line with the 38.2% fibonacci retracement to the 1st resistance at 123.56 at the horizontal swing high […]
AUDUSD ignores bad forecasts for the Australian GDP. The Aussie is slowly growing against the USD on Tuesday. The current quote for the instrument is 0.6957. The local weakness of the American currency allows the Aussie to recover a bit. At the same time, investors are paying no attention to negative news. According to S&P […]
EURUSD is keeping its positive momentum and getting ready to attack. The major currency pair got another chance to continue rising. The current quote for the instrument is 1.0589. Market sentiment reached stability, demand for the “safe” USD reduced, and other traded currencies got a chance to rebound – the EUR is in pretty strong […]
Key US stock indexes failed to build on the success of last Friday on Monday recording slight decline. Today futures on US indices and European equities rallied with gains not exceeding 1%. The FX market is dominated by range-bound moves, the dollar index trades near the opening below the level of 104. Further upside advances […]