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.
• CHFJPY broke daily up channel• Likely to rise to resistance level 133.00 CHFJPY currency pair continues to rise after the pair broke through the resistance trendline of the daily up channel from the end of last month. The breakout of this up channel accelerated the active impulse wave (1) which started earlier from the […]
• FTSE 100 reversed from support zone• Likely to rise to resistance level 7550.00 FTSE 100 index recently reversed up from the support zone lying between the support level 7225.00, lower daily Bollinger Band and the 50% Fibonacci retracement of the upward correction 2 from March. The upward reversal from this support zone stopped the […]
The BTC has been growing for three days in a row, and on Monday is consolidating near $30,445. Meanwhile, since the beginning of the year, it has already lost 52% and 58.2% of the high of 28 March. For the past 8 weeks, the BTC has been mostly losing. Here, we should remind you of […]
XAUUSD, “Gold vs US Dollar” XAUUSD is rebounding from the cloud. 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 upside border at 1845.00 and then resume moving upwards to reach 1910.00. Another signal in favour of a further uptrend […]
EUR Rallying on Lagarde CommentsEUR is rallying today on the back of comments from ECB president Christine Lagarde earlier this morning. Writing in a blog post today, Lagarde said: “I expect net purchases under the APP to end very early in the third quarter. This would allow us a rate lift-off at our meeting in […]
Type: Bullish BounceKey Levels:Resistance: 1.61977Pivot: 1.60998Support: 1.60349Preferred Case:On H4, price has bounced off Ichimoku indicator thus we have a bullish bias that price will continue to rise from our pivot at 1.60998 to 1st resistance swing high at 1.61977 and intermediate resistance at 1.61493 in line with 50% fibonacci retracement. Ascending trendline on RSI further […]
The Chinese hedge fund segment, worth about $1 trillion, could worsen the turmoil in the stock market, as massive losses force some portfolio managers to cover their loss by indiscriminately selling their assets.Some 2,350 equity-linked hedge funds fell below the point at which they would normally need to cut holdings last month, with many close […]
USDCHF Reversal UnderwayFeels like I’ve been saying this a lot recently but it’s been another hectic week for markets with plenty of big moves across the board. Important to remember that we don’t always get this type of volatility so its important to make the most of it. Certainly, a plentiful time for momentum traders. […]
Type: Bullish BounceKey Levels:Resistance: 50906Pivot: 50469Support: 50300Preferred Case:With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 50906 in line with the 61.8% Fibonacci projection , 100% fibonacci projection , -27.2 fibonacci expansion and overlap resistance from our pivot of 50469 in line […]
Retail Activity Rises Despite Inflation The British Pound has seen strong demand again today following an unexpectedly strong set of retail sales for April. The data, released this morning, showed that retail sales grew by 1.3% last month. This was in stark contrast to the -0.3% reading the market was expecting and marks a sharp […]
Type: Bearish ContinuationKey Levels:Resistance: 8868Pivot: 8567Support: 8281Preferred Case:With price moving below our ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 8281 in line with the 61.8% Fibonacci projection , 38.2% fibnonacci retracement, 61.8% Fibonacci retracement and horizontal swing low support from our pivot of 8567 in […]
Type: Bullish BounceKey Levels:Resistance: 1702’6Pivot: 1684’0Support: 1661’4Preferred Case:With price being above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1702’6 in line with the swing high resistance and 61.8% Fibonacci projection from our pivot of 1684’0 in line with the horizontal overlap support and 23.6% […]