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.
US CPI Up NextThe key data focus today will be the release of US CPI for April. The release is drawing plenty of attention given that headline inflation is expected to have grown just 0.2% last month, from the prior month’s 1.2% surge. There’s been lots of talk about inflation plateauing in the US and, […]
Type: Bearish ContinuationKey Levels:Resistance: 1622’6Pivot: 1611’2Support: 1581’0Preferred Case:With price expected to reverse off the Ichimoku resistance and Fibonacci confluence area, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 1611’0 in line with the Fibonacci confluence area.Alternative Scenario:Alternatively, price […]
Oil prices rose about 3% during trading today, Wednesday, May 11, 2022, after losses of nearly 10% during the previous two sessions. The rally is supported by concerns about supplies; The European Union is working to win support for a Russian oil embargo. Major producers have warned that they may struggle to plug the deficit […]
• WTI reversed from support area• Likely to rise to resistance level 108.80 WTI crude oil recently reversed up from the support area located between the key support level 97.60 (which has been reversing the pair from April) and the lower daily Bollinger Band. The price is currently forming the daily Bullish Engulfing – which […]
• EURCAD reversed from resistance area• Likely to fall to support level 1.3600 EURCAD recently reversed down from the resistance area located between the key resistance level 1.3750 (which has been reversing the pair from March) and the upper daily Bollinger Band. This resistance area was further strengthened by the 50% Fibonacci correction of the […]
The BTC dropped pretty much. On Wednesday, investors are trying to find support and help the major cryptocurrency to reach stability at $31,105, but they are very likely to fail. Over the previous week, the BTC lost almost 15% – the crypto market remains under pressure. The external background is still far from favourable. Geopolitical […]
GBPUSD remains under bearish pressure; the Brexit issue doesn’t make things more optimistic. The Pound sterling remains weak against the USD. The current quote for the instrument is 1.2374. Today’s slight optimism shouldn’t mislead anybody: lows in GBP are too close. On Monday 9 May, the asset updated the bottom at 1.2259, the lowest level […]
An attempt by S&P 500 to decisively break below 4000points on Tuesday was not successful, however, the subsequent rebound has notyet found wide support among buyers. Retail and institutional sentimentindicators are in an extremely bearish zone (13-year high), which increases theodds of a rebound in case of emergence of some bullish catalyst:Today’s US CPI release […]
Coinbase In TroubleShares in leading crypto exchange Coinbase are falling even faster this week. Amidst the broader stock plunge we’ve seen recently, linked to hawkish Fed expectations, coin base shares have been falling rapidly. Shares in the company are now down around 80% on the year as crypto volumes have sunk on falling crypto prices. […]
Type: Bullish RiseKey Levels:Resistance: 1132’6Pivot: 1084’2Support: 1068’2Preferred Case:With price bouncing off the Ichimoku cloud support, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot in line with the horizontal swing low support and 50% Fibonacci retracement.Alternative Scenario:Alternatively, price may break […]
Type: Bearish ContinuationKey Levels:Resistance: 785’4Pivot: 777’0Support: 767’2Preferred Case:With the Ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 767’2 in line with the horizontal pullback support from our pivot of 777’0 […]
Some stabilization in risk demand after yesterday’s sell-off is helping currencies correlated with economic growth expectations (high-beta currencies) to regain some of what they lost yesterday. Against this backdrop, the dollar’s rally is being thwarted, but any correction lower could be met with strong support as the Fed has taken a major lead in the […]