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.
Tesla to Bounce?In a note issued this week, analysts at UBS have upgraded Tesla to a buy following the recent plunge in price. Shares in Elon Musk’s iconic company are down around 45% on the year via a combination of broader tech stock weakness in the face of Fed tightening expectations, the impact of the […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating above 1.0707. Possibly, today the pair may expand the range up to 1.0765 and then resume falling to break 1.0670. Later, the market may continue trading downwards with the target at 1.0590. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.2540. Possibly, the pair […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above to indicate a possible ascending tendency. In this case, the pair is expected to continue growing to reach the resistance at 5/8. However, this scenario may be cancelled if the price breaks the support at […]
The main event for FX market today was the meeting of the ECB. The 2% rise in the Euro’s trade-weighted exchange rate last month is positive news for the ECB, which has attempted to maintain room to maneuver to step up the pace of monetary tightening if necessary. Nevertheless, the course towards tougher policy has […]
Type: Bearish MomentumKey Levels:Resistance: 36773.8Pivot: 36066.95Support: 33255.7Preferred Case:On the H4, with price moving in a descending trendline and entering a bearish pressure area on the MACD indicator, we have a bearish bias that price will continue to drop from the pivot at 36066.95 in line with the 50% fibonacci retracement and multiple swing high to […]
After plunging earlier, EURUSD has reached stability and is ready to move forward. The major currency pair has recovered and is now waiting for signals from the European regulator. The current quote for the instrument is 1.0712. All eyes are on the European Central Bank today. The benchmark interest rate is expected to remain unchanged, […]
After hitting a new 20-year low, USDJPY stopped. The Japanese Yen got even weaker against the USD. The current quote for the instrument is 133.82. A new high in USDJPY is at 134.56 – the asset continues to devalue. The process started on 27 May and the Yen has dropped 5.85% since that time. As […]
Moscow continues to make solid gains from selling Russian fossil fuels to the European Union, despite sanctions and lower imports. The European Union’s imports of Russian energy have reached 60 billion euros ($64.4 billion) since Russia launched its war on Ukraine last February, according to a new tracking tool developed by the Europe Beyond Coal […]
Type: Bearish ReversalKey Levels:Resistance: 1.25969Pivot: 1.25463Support: 1.2457Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 1.25463 where the swing high resistance is to the 1st support at 1.2457 in line with the swing low support, 38.2% fibonacci retracement and 61.8% […]
Type: Bearish ReversalKey Levels:Resistance: 0.90689Pivot: 0.90421Support: 0.89571Preferred Case:On the H4, with prices moving below the ichimoku indicator, price breakout from ascending trendline, we have a bearish bias that price will drop from our pivot at 0.90421 where the horizontal pullback resistance is to our 1st support at 0.89571 where the horizontal swing low support, 200% […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD 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 the cloud’s downside border at 1.2525 and then resume moving downwards to reach 1.2265 Another signal in […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside target may be the resistance level at 1885.50. At […]