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.
NZDCAD Breaks OutThe rally in NZD on the back of the February RBNZ meeting overnight has seen the NZDCAD breakout idea from .8553 hitting its first target at .8631. With the retail market heavily short the pair and with both MACD and RSI bullish here, the focus is on a continuation higher while 8553 holds, […]
NZD In The Driving SeatThe New Zealand Dollar has been the strongest performer across the European open today, extending the rally seen over the Asian session in response to the latest RBNZ meeting. As expected, the RBNZ hiked rates again overnight, marking the third consecutive rate rise, to take the bank’s headline rate back up […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD is still consolidating around 38.2% fibo and this consolidation range may later be followed by a new rising impulse. The mid-term upside targets may be 61.8% and 76.0% fibo at 1.3833 and 1.3987 respectively. The key support remains at […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1316; 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 1.1340 and then resume moving downwards to reach 1.1155. Another signal in favour of a further downtrend will be […]
The acute phase of the crisis (probably not the last one) in Eastern Europe has passed and the market focus is once again shifting to the battle of central banks against inflation. Short-term market inflation expectations, which are calculated as the spread between 2Y Treasury yield and 2Y TIPS yield, jumped 9 bps to 3.76%, […]
Shares in Barclays are trading a little higher ahead of the open today following a positive Q4 earnings release. The bank reported earnings per share of $0.36, well above the $0.26 EPS forecasts. Similarly, the bank reported revenues of $7.015 billion, beating the $6.991 billion number Wall Street was looking for. This marks the sixth […]
• Adobe under bearish pressure • Likely to fall to support level 420.00 Adobe under the bearish pressure following the earlier breakout of the support area located between the support level 480.00 (which stopped the price twice in January) and the support level 469.00 (former monthly low from May). The breakout of this support area […]
• EURGBP reversed from support area • Likely to rise to resistance level 0.8400 EURGBP currency pair recently reversed up from the support area located between the key support level 0.8310 (which has been reversing the pair from the start of January) and the lower daily Bollinger Band. The upward reversal from this support area […]
The cryptocurrency market continues falling and the market sentiment is far from positive. First of all, it happens due to expectations of a future rate hike by the US Fed during its March meeting. Another reason is reactions to geopolitical escalations. It is now clearly seen that the crypto segment has become a “safe haven” […]
EURUSD remains active; the asset is getting back inside its range. The major currency pair keeps responding to the external background changes. The current quote for the instrument is 1.1354. The demand for the “greenback” as a “safe haven” asset remains high; however, investors are no longer overreacting and the global market is reaching […]
CitiEuropean OpenSouring risk continued in Asia, as new headlines shook overnight markets. Russia’s President Putin ordered Russian troops to the breakaway region of Ukraine for “peacekeeping,” further escalating tensions. Subsequent headlines of potential sanctions, further talks as well as criticism from the UN Security Council meeting drew little reactions from markets. DXY continued its march […]
Type: Bullish BounceKey Levels:Resistance: 0.91793Pivot: 0.91534Support: 0.91793Preferred Case:Prices are consolidating in a triangle. We see the potential for a bounce from our Pivot at 0.91534 in line with 200% Fibonacci Projection towards our 1st resistance at 0.91793 in line with 78.6% Fibonacci extension and 23.6% Fibonacci retracement and graphical overlap. RSI is at levels where […]