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.
FOMC Up NextThe FOMC meeting later todayholds the potential to be a key, near-term catalyst for FX price action. Withtraders expecting the Fed to hike rates by .5%, the focus now will be one theaccompanying guidance issued alongside the rate decision. Should the Fedmaintain its recent hawkishness, focusing on the need to normalise policy so […]
GBPCAD Remains Under PressureThe short idea issued inGBPCAD has seen the market trading down towards the target at 1.5894. While we’veseen a little corrective action recently, the bias remains firmly bearish forthe pair while below the 1.6293 level, keeping the focus on an eventual test ofthe 1.5899 level. Retail traders remain heavily long here and […]
EURUSD continues trading near its lows; market players are waiting for the US Fed’s decisions. The major currency pair remains weak on Wednesday. The current quote for the instrument is 1.0518. So, the zero hour has come. The 2-day meeting of the US Fed will be over later today, which means that investors will finally […]
EURUSD, “Euro vs US Dollar” After finishing the correctional wave at 1.0655, EURUSD is forming a new descending structure to break 1.0407 and may later continue trading downwards with the target at 1.0373. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the correctional wave at 1.2570, GBPUSD is falling to break 1.2444 and may […]
Type: Bearish ContinuationKey Levels:Resistance: 83’30Pivot: 82’45Support: 79’93Preferred Case:With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level of 82’45 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 79’93 which is in line with […]
The Fed is expected to deliver a 50 bp rate hike today and announce the start balance sheet runoff. Markets will be interested in the pace of QT, since this will determine supply of longer-maturity Treasuries on the market in the medium-term which has a great influence on greenback demand. For example, the pullback of […]
AUDUSD is keeping its positive momentum thanks to the Reserve Bank of Australia. The Australian Dollars keep on trying to recover against the USD. The current quote for the instrument is 0.7118. Yesterday, the Reserve Bank of Australia raised the benchmark interest rate by 25 basis points, up to 0.35%. At the same time, it […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen. 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 1.0570 and then resume moving downwards to reach 1.0315. Another signal in favour of a further […]
Type: Bearish DropKey Levels:Resistance: 1105’2Pivot: 1080’2Support: 1042’4Preferred Case:With price expected to reverse off the stochastics indicator, we see a potential bearish continuation from our pivot level of 1080’2 which is in line with 61.8% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1042’4 which is in line with the horizontal swing […]
Type: Bearish ContinuationKey Levels:Resistance: 1662’6Pivot:1653’4Support: 1626’2Preferred Case:With price moving below the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 1653’4 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1626’2 which is in line with the horizontal swing low support.Alternative Scenario:Alternatively, […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the correction at 1.1800, rebounded from it to the downside, and then finished another descending wave towards 1.0835, EURUSD has broken the downside border of the consolidation range around the latter level to reach the short-term target at 1.0494. Possibly, […]
On Wednesday, the BTC is balancing at $38,800. Everyone is waiting. The US Fed’s 2-day meeting will be over later today and the regulator is expected to raise the rate. 100%. The question is – by how much? Average market expectations imply a 50-point hike, yup to 0.75-1.00%. this has already been included in prices, […]