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: Bullish RiseKey Levels:Resistance: 91.707Pivot: 90.948Support: 90.113Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 91.707 in line with the horizontal swing high resistance from our pivot of 90.948 in line with the 50% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, price […]
• EUR50 broke support level 3750.00• Likely to fall to support level 3550.00 EUR50 index under the bearish pressure after recently breaking the support zone lying between the key support level 3750.00 (low of wave (i)) and the support trend line of the daily down channel from January. The breakout of this support zone accelerated […]
• Palladium broke resistance level 2700.00• Likely to rise to resistance level 3000.00 Palladium continues to rise sharply after the price broke the resistance level 2700.00 (which stopped the previous minor impulse wave 1 at the end of February). The breakout of this resistance level accelerated the active impulse wave 3, which belongs to the […]
XAGUSD, “Silver vs US Dollar” XAGUSD is trading at 25.10; 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 24.65 and then resume moving upwards to reach 26.95. Another signal in favour of a further uptrend will be […]
EURUSD, “Euro vs US Dollar” After breaking 1.1080, EURUSD has finished the descending wave at 1.1015. Possibly, the pair may correct to reach 1.1090 and then resume trading downwards with the target at 1.1006. Later, the market may resume trading upwards to reach 1.1500. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around […]
Type: Bullish BounceKey Levels:Resistance: 159’16Pivot: 156’16Support: 155’01Preferred Case:Price near buy entry level of 156’16 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially bounce from this level to the resistance level of 159’16 in which is also the graphical swing high level. Our bullish bias is supported by the Ichimoku cloud […]
Daily Market Outlook, March 4, 2022 Overnight Headlines Ukraine Blames Russia For Attack On Europe’s Largest Nuclear Power Plant Ukrainian, Russian Negotiators Say Third Round Of Talks Will Be Held Shortly Ukraine Says Talks With Russia Agreed On Humanitarian Corridors Putin Says Russian Military Advance In Ukraine ‘Going To Plan’ China Likely To Set Lowest […]
KER Holding OnShares in Kernel, the Ukrainian firm which is the largest global exporter of sunflower oil, are attempting to bounce back this week. As news of the Russian invasion broke last week, the company’s stock price went into free fall, collapsing more than 20% from the high $47s to lows around $25. With massive […]
BOC Highlights Upside RisksThe Bank of Canada kicked off its tightening cycle as expected yesterday. BOC governor Macklem announced a .25% hike and signalled further hikes to come across the year. The statement issued alongside the rates move noted that “Price increases have become more pervasive, and measures of core inflation have all risen. All […]
• Natural gas reversed from resistance level 5.000• Likely to fall to support level 4.40 Natural gas recently reversed down from the key resistance level 5.000 (which has been reversing the pair from the end of January). The resistance zone near the resistance level 5.000 was strengthened by the upper daily Bollinger Band and by […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD is reversing and may form a new ascending impulse. In this case, the upside target may be the resistance area at 1.2700. However, an alternative scenario implies that the […]
European Forex news roundup: The euro continues to struggle in mixed trading. The atmosphere is tepid and uneven today, as the Russia-Ukraine conflict clouds continue to hang over markets. The upbeat tone from yesterday has faded, but there are no indications of larger concerns in the action thus far. European indices are mainly down, with […]