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: 4303.25 Pivot: 4159.25Support: 3888.25Preferred Case:On the h4, with price moving into a bearish pressure area on the MACD indicator and moving in a descending trendline, we have a bearish bias that price will drop from the pivot at 4159.25 to the 1st support at 3888.25 in line with the 78.6% fibonacci […]
Type: Bullish RiseKey Levels:Resistance: 103.960Pivot: 102.925Support: 102.240Preferred Case:On the H1, price is moving above the ichimoku cloud and along the ascending trendline which supports our bullish bias that price will rise from the pivot at 102.925 where the swing low support is to the 1st resistance at 103.960 in line with the swing high resistance, […]
Considering the fact that everything around it is falling, declining, and plunging, the BTC is doing a good job. On Friday, the major cryptocurrency is balancing at $30,075. The US stock market plummeted yesterday. The S&P 500 index broke 4,100 пунктов and may continue falling towards 3,600 if the conditions remain as questionable and disturbing […]
EURUSD, “Euro vs US Dollar” After expanding the consolidation range up to 1.0770 and then rebounding from this level EURUSD is forming a new descending wave with the target at 1.0585 or even extend this structure down to 1.0544. Later, the market may start another correction to reach 1.0660. GBPUSD, “Great Britain Pound vs US […]
Gold prices fell, during trading today, Friday, June 10, 2022, and are heading to record a slight weekly decline with the rise in US Treasury bond yields. This comes as investors await key monthly inflation data in the US, for clues about the future of the Federal Reserve’s monetary policy. Gold Prices Today The price […]
Central banks are beginning to use the phrase “more forceful” in one form or another in their communications related to policy tightening plans in order to curb inflation. For risk assets as well as for cyclical currencies this means continuing pressure. For the US currency, the consequences of such a trend in the policy are […]
Type: Bearish MomentumKey Levels:Resistance: 16821.5 Pivot: 16484.5Support: 15914.5Preferred Case:On the H4, with price moving below ichimoku cloud and price recently breaking the ascending trend channel, we have a bearish bias that price will drop from the pivot at 16484.5 in line with the swing high and 100% fibonacci projection to the 1st support at 15914.5 […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0665 and then resume moving downwards to reach 1.0435. Another signal in favour of a […]
EURUSD took a huge hit after the ECB meeting. The major currency pair dropped to its 2-week lows. The current quote for the instrument is 1.0619. The EUR was attacked from two fronts at the same time – the rally in US bond yields and the decisions made by the European Central Bank. The “greenback” […]
June ECB Meeting Up NextThe key data focus for traders today will be the June ECB meeting. Hawkish expectations are already elevated ahead of the meeting with the market looking for the bank to announce an end to asset purchases along with giving a clear signal that a July rate hike is coming. With EUR […]
Type: Bullish RiseKey Levels:Resistance: 1891.47 Pivot: 1838.042Support: 1829.137Preferred Case:On the H4, with price moving in the ascending trendline and entering the bullish pressure area on the MACD indicator, we have a bullish bias that price will rise from the pivot at 1838.042 at the swing low to the 1st resistance at 1891.47 in line with […]
Type: Bearish MomentumKey Levels:Resistance: 1989.0Pivot: 1954.5Support: 1887.5Preferred Case:On the H1, price is moving below the ichimoku cloud and along the descending trendline which supports our bearish bias that price will drop from our pivot at 1954.5 in line with the swing high resistance to the 1st support at 1887.5 in line with the swing low […]