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 a Hammer pattern not far from the support area. At the moment, the asset is reversing in the form of a further uptrend. In this case, the upside target may be the resistance level at 1970.00. At the same […]
Type: Bearish DipKey Levels:Resistance: 1075’6Pivot: 1036’6Support: 982’0Preferred Case:Prices have approached our Pivot at 1036’6 in line with 61.8% Fibonacci Retracement. We see the potential for a dip from our Pivot at 1036’6 towards our 1st support at 982’0 in line with 61.8% Fibonacci Projection. Prices are trading below our Ichimoku cloud resistance, further supporting our […]
Type: Bearish DropKey Levels:Resistance: 1643’2|Pivot: 1623’2Support: 1579’6Preferred Case:With price moving below the Ichimoku cloud and expected to reverse off the stochastics indicator, we see a potential bearish dip from our Pivot at 1623’2 in line 38.2% Fibonacci retracement towards our 1st support at 1579’6 in line with the horizontal swing low support and 161.8% Fibonacci […]
Type: Bearish DipKey Levels:Resistance: 25.005Pivot: 24.665Support: 24.050Preferred Case:Prices are approaching a pivot. We see the potential for a dip from our Pivot at 24.665 in line with 50% Fibonacci Retracement towards our 1st support at 24.050 in line with 61.8% Fibonacci Projection . Our bearish bias is further supported by prices trading below our Ichimoku […]
Risk Assets Lacking Bullish Momentum Following Russian Atrocities NewsA quiet but mostly positive start to the week for global equities markets. Risk assets remain supported despite fears of harsher sanctions to be applied to Russia in the wake of news of the Bucha atrocities. Reports over the weekend confirmed mass civilian murders carried out by […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.1050. However, an alternative scenario implies […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading inside the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at +1/8 to the […]
Romania’s central bank raises the key interest rate to 3%, predicting higher inflation. On Tuesday, Romania’s central bank raised its benchmark interest rate by half a percentage point to 3%, predicting that inflation would rise faster than expected due to the conflict in Ukraine, which is putting pressure on food and fuel prices. Inflation is […]
Type: Bearish DipKey Levels:Resistance: 106.47Pivot: 104.7Support: 98.24Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 104.7 which is a graphical overlap and in line with 61.8% Fibonacci Projection towards our 1st support at 98.24 in line with 61.8% Fibonacci Projection .Alternative […]
Type: Bullish BounceKey Levels:Resistance: 1959.0Pivot: 1921.0Support: 1910.2Preferred Case:Prices have recently broken out of our descending trendline. We see the potential for further bullish continuation from our Pivot at 1921.0 in line graphical overlap and area of Fibonacci confluences towards our 1st resistance at 1959.0 in line with 61.8% Fibonacci Projection . Our bullish bias is […]
• Natural gas breaks round resistance level 6.0• Likely to rise to resistance level 6.270 Natural gas under the bullish pressure after the price broke through the resistance level 5.8 (which has been reversing the price from November. The breakout of the resistance level 5.8 accelerated the active impulse wave 3, which then broke the […]
• USDJPY reversed from key support level 121.00• Likely to rise to resistance level 125.00 USDJPY recently reversed up with the daily Morning Star from the key support level 121.00 intersecting with the 38.2% Fibonacci correction of the upward impulse from March. The support area near the support level 121.00 was further strengthened by the […]