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 MomentumKey Levels:Resistance: 84.40Pivot: 80.73Support: 76.83Preferred Case:on the H4, with price moving in a descending trend channel and moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 80.73 in line with the 78.6% fibonacci projection and swing high to the 1st support at 76.83 […]
Type: Bearish MomentumKey Levels:Resistance: 9978Pivot: 9516Support: 8700Preferred Case:On the H4, with price moving within the ascending trend channel, we have a bearish bias that price will drop to the 1st support at 8700 in line with the 100% fibonacci projection within the trend channel at the swing low, from the pivot at 9516 at the […]
The key event next week will be the Fed meeting on Wednesday. The central bank will release an updated dot plot, which will reflect the FOMC’s expectations for the path of the interest rate next year, as well as in the long term. This will probably be the most significant information for markets. With inflation […]
Consumer prices (CPI index) in the US rose by 8.6% in May compared to the same month last year, according to data from the Department of Labor. This is the highest growth rate since December 1981. Thus, inflation has accelerated compared to 8.3% in April. Analysts polled by Bloomberg had expected consumer prices to rise […]
ASX Sinks 4%Another week comes to a close and we’re getting closer and closer to crossing over into H2. Markets have seen plenty of noteworthy action once again this week and it’s been a tricky one for FX traders. The week started out with decent risk appetite, seeing JPY firmly weaker while a shift into […]
Type: Bearish ReversalKey Levels:Resistance: 0.77977Pivot: 0.77256Support: 0.76337Preferred Case:On the H4, with MACD moving in a bearish momentum, we have a bearish bias that price will drop from our pivot at 0.77256 where the horizontal overlap resistance is to our 1st support at 0.76337 where the horizontal overlap support, 100% fibonacci projection and 50% fibonacci retracement […]
Type: Bullish RiseKey Levels:Resistance: 813.35Pivot: 783.5 Support: 770.55Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 783.5 in line with the 61.8% fibonacci projection and pullback support and multiple swing high to the 1st resistance at 813.35 in line with […]
US CPI Up NextAhead of the weekend we have one last major data focus today; US May CPI. The release is drawing plenty of attention ahead of next week’s FOMC meeting. We’ve heard plenty of debate recently between Fed hawks and doves. On the one hand, hawks are sticking to the view that the Fed […]
Type: Bearish MomentumKey Levels:Resistance: 62362Pivot: 61483Support: 60211Preferred Case:On the H1, price has broken out from the ascending channel and is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 61483 in line with the overlap resistance to the 1st support at 60211 in line with the […]
Type: Bearish MomentumKey Levels:Resistance: 51144Pivot: 51040Support: 50683Preferred Case:On the H1, price is moving within the descending channel , MACD is showing bearish momentum and price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 51040 in line with the overlap resistance to the 1st support […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Doji reversal pattern close to the resistance level, USDCAD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.2595. However, an alternative scenario implies that the asset may grow […]
BRENT As we can see in the H4 chart, after testing 8/8 earlier, Brent has rebounded from it. In this case, the price is expected to break 7/8 and continue moving downwards to reach the support at 6/8. However, this scenario may no longer be valid if the asset breaks the resistance at 8/8 to […]