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 ReversalKey Levels:Resistance: 14929Pivot: 14608Support: 13837Preferred Case:On the H4, with price moving into a bearish pressure area, we have a bearish bias that price will drop from the pivot at 14608 in line with the multiple swing highs to the 1st support at 13837 in line with the 78.6% fibonacci projection, 78.6% fibonacci retracement […]
Type: Bearish ReversalKey Levels:Resistance: 0.65658Pivot: 0.64704Support: 0.62937Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 0.64704 in line with the 100% fibonacci projection and overlap resistance to the 1st support at 0.62937 in line with the 78.6% fibonacci retracement.Alternative Scenario:Alternatively, […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to continue growing to reach the resistance at 6/8. However, this scenario may no longer be valid if the price breaks the support at […]
World Bank Cites Ukraine, Inflation & Supply Issues As Recession RisksIn its latest Global Economic Prospects report issued today, the World Bank warned that many countries are at severe risk of a “major recession” in the wake of the violence in Ukraine, inflation and supply-issues. In particular, the World Bank noted that less developed nations […]
Type: Bullish RiseKey Levels:Resistance: 9753Pivot: 9312Support: 9129Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 9312 where the overlap support is to the 1st resistance at 9753 in line with the pullback resistance, 161.8% fibonacci extension and 100% fibonacci projectionAlternative […]
USDJPY is moving to the upside and updating its 20-year highs. The Japanese Yen’s devaluation against the USD continues. The current quote for the instrument is 133.12. Just like yesterday, the “greenback” is supported by US bond yield growth. In this light, the Yen is forced to quickly retreat. The Ministry of Finance has to […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the correction at 1.0713; right now, it is falling to break 1.0674 and may later continue trading downwards to reach 1.0630. After that, the instrument may resume growing to test 1.0674 from below and then start a new decline with the target at 1.0587. GBPUSD, “Great Britain […]
Type: Bearish MomentumKey Levels:Resistance: 16.985Pivot: 16.760Support: 16.360Preferred Case:On the H1, price is moving below the ichimoku cloud and has a bearish exit from the ascending channel which supports our bearish bias that when price drops to our pivot at 16.760 in line with swing low resistance, 61.8% fibonacci projection and 78.6% fibonacci projection , there […]
Type: Bearish MomentumKey Levels:Resistance: 333.95Pivot: 329.95Support: 317.75Preferred Case:On the H1, price is moving below the ichimoku cloud and has broken out from the ascending trendline which supports our bearish bias that price will drop from our pivot at 329.95 in line with the overlap resistance and 38.2% fibonacci retracement to the 1st support at 317.75 […]
The BTC rate is declining for the second day in a row. Today, it is trading at $30,228 USD, while yesterday it fell to $29,200, its weekly low. There were some signs of local demand early in the week but not for long – the major cryptocurrency is now stuck between $29,200 and $31,590. The […]
EURUSD is falling on Wednesday morning but keeps on trying to consolidate. The major currency pair is declining despite the market’s attempts to reach stability. The current quote for the instrument is 1.0692. The key trigger that supports the “greenback” is the rally in US bond yield growth. Also, investors are very cautious about possible […]
Oil prices rose, during trading today, Wednesday, June 8, 2022, amid expectations of a decrease in US oil stocks. The rise coincides with expectations of increased demand for fuel in the upcoming driving season, as the US Energy Information Administration raised its forecasts for oil demand this year. Oil Prices Today The price of the […]