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: 81.27Pivot: 79.67Support: 78.42Preferred Case:With price moving below the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 79.67 which is in line with 50% Fibonacci retracement towards our 1st support level of 78.42 which is in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break […]
Not too much good news from the BTC. On Friday, the major cryptocurrency is trading at $40,492 and remains under pressure for the third consecutive trading session. Negative vibes are coming from the stock markets – yesterday American investors were selling and the overall situation was rather sad. The US Fed is ready to boost […]
GBPUSD updated the lows after the UK released Retail Sales statistics. The Pound sterling dropped against the USD on Friday. The current quote for the instrument is 1.2908. The new bottom, 1.2898. is the lowest since 3 November 2020. The key trigger for this was the Retail Sales Report published by the United Kingdom earlier. […]
Europe is set to install a record capacity of offshore wind power this year, led by the United Kingdom, as the old continent seeks to boost energy supplies away from Russia. And energy research company Rystad Energy expects, in a report issued yesterday , Thursday, that the added capacity of offshore wind energy in Europe […]
USD Rally ContinuesThe US Dollar is seeing better demand into the end of the week following comments from Fed chairman Jerome Powell yesterday. Powell, who was taking part in an IMF meeting regarding the global economy, yesterday confirmed that larger .5% hikes are “on the table” for the next meeting on May 4th.Powell explained that, […]
Type: Bearish ContinuationKey Levels:Resistance: 807’4Pivot: 800’2Support: 789’6Preferred Case:With price moving below the Ichimoku cloud and the descending channel, we see a potential bearish continuation from our pivot level of 800’2 which is in line with 38.2% Fibonacci retracement and horizontal overlap resistance towards our 1st support level of 789’6 which is in line with the […]
• GBPCAD reversed from support level 1.6320• Likely to rise to resistance level 1.6475 GBPCAD recently reversed up from the key support level 1.6320 (which has been reversing the price from the end of March) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.6320 created the daily candlesticks […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is testing the descending channel’s upside border. After plunging earlier, the asset quickly recovered due to significant pressure from bulls. If they fix the price above 1.2670, the asset may continue growing towards the key resistance at 1.2900, which they had been trying to break for much of […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from 1.0930; right now, it is falling towards 1.0801. After that, the instrument may correct to reach 1.0866 and then start a new decline with the target at 1.0686. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.3086, GBPUSD is trading downwards to reach 1/2950. […]
Type: Bullish BounceKey Levels:Resistance: 1962.9Pivot: 1944.2Support: 1934.1Preferred Case:Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 1944.2 in line with 138.2% Fibonacci extension towards our 1st resistance level of 1962.9 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.Alternative […]
Oil Traders Continue to Reduce LongsThe latest CFTC COT institutional positioning report shows that oil traders continued to pare upside positions last week. This reduced upside exposure came despite a recovery in oil prices last week, though this has since petered out with oil now trading back below last week’s highs. Recent price action reflects […]
• AUS200 index reversed from resistance level 7615.00• Likely to fall to support level 7430.00 AUS200 index recently reversed down strongly from the long-term resistance level 7615.00 (which has been reversing this index from last August). The downward reversal from the resistance level 7615.00 created the daily candlesticks reversal pattern Evening Star Doji – which […]