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.
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the asset is reversing in the form a further uptrend. In this case, the upside target may be the resistance level at 1975.00. At […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen at 1.0890; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0985 and then resume moving downwards to reach 1.0715. Another signal in favour of a […]
The markets’ focus next week should continue to remain on commodity prices, disruptions in trade and supply of commodities. The inflation they generate is difficult to manage by Central Banks of developed countries, as it can only be suppressed by destruction of consumer demand, which is fraught with even greater economic and political troubles.A good […]
US market researcher Jim Bianco warned that the Federal Reserve’s decisive steps to curb runaway inflation would hurt Wall Street. In his opinion, all financial assets may suffer, writes CNBC.At the end of 2021, Bianco turned bearish on the stock market citing inflation as the biggest risk. The fault of the Fed is, in his […]
Type: Bearish ReversalKey Levels:Resistance: 45637Pivot: 44565Support: 42905Preferred Case:With price moving below the Ichimoku indicator, we have a bearish bias that price will drop to our 1st support of 42905 in line with the swing low support from our pivot of 44565 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may rise […]
Type: Bearish ReversalKey Levels:Resistance: 1.27021Pivot: 1.25985Support: 1.24267Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support of 1.24267 in line with the swing low support from our pivot of 1.25985 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price […]
Type: Bullish BounceKey Levels:Resistance: 1950.6Pivot: 1921.5Support: 1915.8Preferred Case:Prices are consolidating in a triangle pattern . We see the potential for further bullish continuation from our Pivot at 1921.5 in line graphical overlap and 61.8% Fibonacci retracement towards our 1st resistance at 1950.6 in line with 127.2% Fibonacci Projection . Our bullish bias is further supported […]
Type: Bearish DipKey Levels:Resistance: 25.065Pivot: 24.8Support: 24.230Preferred Case:Prices are consolidating in a triangle pattern . We see the potential for a dip from our Pivot at 24.8 in line with 78.6% Fibonacci Projection towards our 1st support at 24.230 in line with 61.8% Fibonacci Projection . RSI is at levels where dips previously occurred and […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from the rising channel’s downside border at 0.7488; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the rising channel’s upside border at 0.7515 and then resume moving downwards to reach 0.7265. Another signal […]
BRENT As we can see in the H4 chart, after reaching the “oversold area”, Brent is trading at 0/8. In this case, the price is expected to rebound from this level and resume moving upwards to reach the resistance at 2/8. However, this scenario may no longer be valid if the asset breaks 0/8 to […]
The outgoing week was marked by a continued rise in bond yields of developed countries and hawkish reassessment of the Fed’s interest rate path. At the same time, greenback demand rose, while for the currencies of countries with low interest rates, as well as countries dependent on imports of commodities, it decreased. EURUSD found equilibrium […]
USDCAD Reversal on Watch The combination of lower oil prices this week and fresh hawkishness from the Fed has fuelled a sharp reversal in USDACD. The pair has seen strong reversal candles off the 1.2469 support, potentially carving out a large double bottom at the level, accompanied by strong bullish divergence in momentum studies. With […]