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 ContinuationKey Levels:Resistance: 85’46Pivot: 83’76Support: 82’04Preferred Case:With price expected to reverse off the resistance of the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 83’76 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 82’04 which is in line with […]
Type: Bearish ContinuationKey Levels:Resistance: 1674Pivot: 1662’6Support: 1644Preferred Case:With price moving below the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 1662’6 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1644 which is in line with the horizontal pullback support.Alternative Scenario:Alternatively, […]
• EUR50 broke the support zone• Likely to fall to support level 3600.00 EUR50 index recently broke the support zone lying between the key support level 3700.00 (which stopped wave (i) at the end of April) and the 50% Fibonacci correction of the upward impulse (1) from March. The breakout of this support zone accelerated […]
• GBPAUD reversed from support level 1.7200• Likely to rise to resistance level 1.7493 GBPAUD currency pair recently reversed up sharply from the key support level 1.7200 (which stopped wave 1 at the start of April). The upward reversal from the support level 1.7200 created the daily candlesticks reversal pattern Hammer – standing far below […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the resistance area during the pullback. At the moment, EURUSD is reversing in the form of a new descending impulse. In this case, the downside target may be at 1.0440. However, an […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. 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 downside border at 1.0555 and then resume moving downwards to reach 1.0275. Another signal in favour of a further downtrend […]
BOE Up NextToday’s BOE rate decision will be the main focus for FX traders. On the back of the .5% hike from the Fed yesterday, some market participants are adjusting their views, anticipating a larger hike than the .25% consensus forecast. However, it is worth noting the differences between conditions for the Fed and the […]
Type: Bullish RiseKey Levels:Resistance: 1105’2Pivot: 1081’4Support: 1065Preferred Case:With price moving above the Ichimoku cloud and and the recent break of the descending trendline which signifies bullish momentum, we have a bullish bias that price will rise to our 1st resistance in line with the 1105’2 in line with the 61.8% Fibonacci retracement and swing high […]
Bitcoin was down more than 10% intraday on Thursday, stabilising at $36.4K from the end of the day and losing 8.3% overnight. Ethereum lost 6.7% in the last 24 hours, while other leading altcoins in the top 10 fell from 5.6% (DogeCoin) to 14% (Avalanche). Total cryptocurrency market capitalisation, according to CoinMarketCap, fell 7.6% overnight […]
Type: Bullish BounceKey Levels:Resistance: 1.93575 Pivot: 1.9185Support: 1.90841Preferred Case:On the H4, with price expected to continue moving within the ascending channel and expected to bounce off the support of the RSI indicator, we have a bullish bias that price will rise to our 1st resistance at 1.93575 where the pullback resistance and 50% Fibonacci retracement […]
Type: Bullish BounceKey Levels:Resistance: 40857Pivot: 39079Support: 37505Preferred Case:On the H4, with the recent break of the descending channel and Ichimoku cloud to the bullish side, we have a bullish bias that price will rise to our 1st resistance at 40857 where the pullback resistance and 61.8% Fibonacci retracement is from our pivot at 39079 in […]
• GBPUSD falling inside impulse waves (iii),3 and (3)• Likely to fall to support level 1.2250 GBPUSD currency pair recently broke the key support level 1.2670 (low of wave (B) from the end of 2020). The breakout of the support level 1.2670 accelerated the active weekly downard impulse waves (iii),3 and (3). Sterling can be […]