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: Bullish RiseKey Levels:Resistance: 8840Pivot: 8529Support: 82712nd support: 7791Preferred Case:Price is moving within the ascending trend channel and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 8529 at the overlap resistance and is in line with the 23.6% fibonacci retracement and the 61.8% fibonacci […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. However, this […]
Type: Bearish MomentumKey Levels:Resistance: 773.7Pivot: 765.75Support: 755.45Preferred Case:Price has broken the ascending trendline and is moving below the ichimoku cloud, which supports our bearish bias that price will drop our pivot at 765.75 in line with the 38.2% fibonacci retracement to the support at 755.45 in line with the 50% fibonacci retracement.Alternative Scenario:Alternatively, price may […]
FOMC Minutes Confirm Fed HawkishnessThe May FOMC minutes last night were broadly as expected. The release reaffirmed the current Fed hawkishness yet, in light of the uptick in recent Fed commentary, the minutes came across a little dated. Notably the minutes confirmed that policymakers are expecting to hike rates by a further .5% in June […]
• GBPAUD reversed from support level 1.7620• Likely to rise to resistance level 1.7825 GBPAUD recently reversed up from the support level 1.7620, which is the lower boundary of the tight sideways price range inside which the pair has been moving from the start of May. The support level 1.7620 was further strengthened by the […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0810. However, an alternative scenario […]
EURUSD, “Euro vs US Dollar” After finishing the descending impulse at 1.0643 along with the correction up to 1.0705, EURUSD is forming a new descending structure to break 1.0640 and may later continue trading downwards with the short-term target at 1.0575. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has formed a new consolidation range […]
Oil prices are rising.. Brent crude above $ 116 Oil prices rose during trading today, Thursday, May 26, 2022, to continue their cautious rise this week, amid indications of a tight supply. It comes as the European Union is arguing with Hungary over plans to ban oil imports from Russia, the world’s second-largest crude exporter, […]
Gold prices fell during trading today, Thursday, May 26, 2022, with the rise of the US dollar. The decline comes with the support of the signals shown by the US Federal Reserve policy meeting; The US central bank is likely to continue on its path of raising interest rates. Gold Prices Today The price of […]
• Natural gas broke round resistance level 9.0000• Likely to rise to resistance level 9.65 Natural gas recently broke above the round resistance level 9.0000 (which stopped the earlier minor impulse wave 3 at the start of May, as can be seen below). The breakout of the resistance level 9.0000 continues the active short-term impulse […]
• S&P 500 rising inside wave (iv)• Likely to reach resistance level 4100.00 S&P 500 index earlier reversed up from the key support level 3900.00, standing near the lower daily Bollinger Band and the support trendline of the daily down channel from January. The upward reversal from the support level 3900.00 started the active short-term […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7005 and then resume moving upwards to reach 0.7290. Another signal in favour of a […]