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 DropKey Levels:Resistance: 14899Pivot: 14707Support: 14355Preferred Case:With price moving below the Ichimoku cloud and the recent trendline breakout, we have a bearish bias that price will drop from our Pivot at 14707 in line with the horizontal swing high and 61.8% Fibonacci retracement towards our 1st support at 14355 in line with the horizontal […]
Type: Bullish PressureKey Levels:Resistance: 140.57Pivot: 135.31Support: 132.61Preferred Case:Price is near pivot level of 135.31 in line with 50% Fibonacci retracement and 100% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 140.57, in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bullish bias is further supported by the stochastic […]
Type: Bearish DipKey Levels:Resistance: 229.45Pivot: 227.30Support: 220.80Preferred Case:We see the potential for further bearish continuation from our Pivot at 227.30 in line 78.6% Fibonacci projection towards our 1st support at 220.80 in line with 50% Fibonacci retracement. Our bearish bias is further supported by stochastic indicator where it is at resistance level.Alternative scenario:Price might move […]
Type: Bearish DropKey Levels:Resistance: 1652’0Pivot: 1623’6Support: 1580’0Preferred Case:With price moving below the Ichimoku cloud, we see the potential for bearish drop from our Pivot level at 1623’6 in line 23.6% Fibonacci retracement towards our 1st support level at 1580’0 in line with the daily horizontal swing low support and 161.8% Fibonacci extension.Alternative Scenario: If price […]
• USDCHF reversed from key support level 0.9200• Likely to rise to resistance level 0.9300 USDCHF recently reversed up from the key support level 0.9200, intersecting with the lower daily Bollinger Band. The support area near the support level 0.9200 was further strengthened by the support trendline of the weekly up channel from June and […]
EURUSD, “Euro vs US Dollar” EURUSD is still forming the descending structure towards 1.1053. After that, the instrument may start another correction to reach 1.1092 and then resume trading downwards with the target at 1.1015. GBPUSD, “Great Britain Pound vs US Dollar” After completing the correctional wave at 1.3174, GBPUSD is forming a new descending […]
BRENT In the H4 chart, after breaking the 200-day Moving Average, Brent is trading below it to indicate a descending tendency. In this case, the price is expected to continue moving downwards to reach the support at 0/8. However, this scenario may no longer be valid if the asset breaks the resistance at 2/8 to […]
Type: Bullish BounceKey Levels:Resistance: 1965.9Pivot: 1933.7Support: 1921.3Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 1933.7 in line with 61.8% Fibonacci Retracement towards our 1st resistance at 1965.9 in line with 127.2% Fibonacci Projection . Our bullish bias is further supported prices trading above our Ichimoku clouds […]
Type: Bullish BounceKey Levels:Resistance: 108.74 Pivot: 100.05 Support: 94.45Preferred Case:Prices are consolidating in a triangular pattern. We see the potential for a bounce from our pivot at 100.05 which is a graphical overlap and in line with an area of Fibonacci confluences towards our 1st resistance at 108.74 in line with 50% Fibonacci retracement .Alternative […]
• Cisco reversed from key resistance level 56.70• Likely to fall to support level 53.60 Cisco recently reversed down with the two daily Shooting Stars from the key resistance level 56.70 (upper border of the sideways price range from January). The resistance area near the resistance level 56.70 was strengthened by the upper daily Bollinger […]
• Nasdaq-100 reversed from resistance level 15200.00• Likely to fall to support level 14400.00 Nasdaq-100 index recently reversed down from the pivotal resistance level 15200.00 (which has been reversing the price from January). The resistance area near the resistance level 15200.00 created the daily Evening Star – which stopped the previous wave (1). Nasdaq-100 can […]
AUDNZD, “Australian Dollar vs New Zealand Dollar” AUDNZD is rebounding from Tenkan-Sen and Kijun-Sen at 1.0806; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0795 and then resume moving upwards to reach 1.0940. Another signal in favour […]