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.
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0600. However, an alternative scenario implies […]
Type: Bullish BounceKey Levels:Resistance: 237.45Pivot: 222.25Support: 210.00Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.25 in line with the horizontal pullback support and 61.8% Fibonacci retracement .Alternative […]
Powell Reaffirms Fed HawkishnessFed chairman Powell was back on the wires yesterday. Speaking during a livestreaminterview with Wall Street Journal Powell warned that the Fed stands willing todo whatever necessary to bring inflation down to target. Elaborating further,Powell said: “If that involves moving past broadly understood levels of neutralwe won’t hesitate to do that. We […]
EURUSD is taking a break after four days of recovering. The major currency pair slowed down its recovery. The current quote for the instrument is 1.0508. The statistics published by the US yesterday were quite confident. The Retail Sales added 0.9% m/m in April after gaining 1.4% m/m the month before and against the expected […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the bearish channel’s upside 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 upside border at 1.0535 and then resume moving downwards to reach 1.0245. Another signal in favour of […]
April CPI Hits 9%The latest set of UK economic data released today confirmed CPI hit 40-year highs last month. Headline inflation rose to 9% from the prior month’s 7% while core inflation was seen jumping from 5.7% to 6.2%. With UK prices continue to balloon, there is a growing expectation that the BOE will be […]
Type: Bullish BounceKey Levels:Resistance: 1695’0Pivot: 1672’6Support: 1663’2Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance in line with the 61.8% Fibonacci projection from our pivot of 1672’6 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and […]
• Chevron reversed from resistance level 174.30• Likely to fall to support level 165.00 Chevron today reversed down sharply from the resistance area set between the major resistance level 174.30 (the previous monthly high from March and April) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Evening […]
• WTI reversed from resistance area• Likely to fall to support level 105.00 WTI crude oil recently reversed down from the resistance area located between the key resistance level 110.00 (which has been reversing the price from April) and the upper daily Bollinger Band. This resistance zone near was further strengthened by 50% Fibonacci correction […]
GBPUSD moved away from its lows but investors need good news to continue buying. The Pound sterling took a break against the USD on Wednesday. The current quote for the instrument is 1.2403. The United Kingdom continues to release the statistics, this time on prices. For example, the CPI showed 9.0% y/y in April, which […]
There is nothing new in the BTC so far. On Wednesday, the major cryptocurrency is trading at $29,852. The asset is clearly stuck inside the “flat” between $29,000-$30,000. As long as it remains here, there are chances to slide down to $20,000. At the moment, any “quick growth” scenario can’t be taken seriously. The technical […]
Oil prices rose today, Wednesday, May 18, on expectations that the easing of restrictions imposed to combat the Corona virus in China will lead to a rise in demand, as industry data showed a decrease in US crude stocks. And the authorities in China allowed about 864 financial institutions in Shanghai to resume work, one […]