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.
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may […]
Market’s reaction to the Russia decision to recognize the DPR and LPR was somewhat tepid, with the exception of Russian equities, which tumbled 20% on Monday. Today Russian stocks opened with a gap down, but turned to recovery in the second half of the session. Chances of a large-scale conflict have decreased after the Russian […]
Type: Bullish ContinuationKey Levels:Resistance: 156’17Pivot: 153’29Support: :151’07Preferred Case:Price is near pivot level of 153’29 in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement. Price can potentially go to the 1st resistance of 156’17 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is […]
EURUSD, “Euro vs US Dollar” After breaking 1.1318 to the downside, EURUSD is expected to continue falling with the short-term target at 1.1250. Later, the market may start a new growth to test 1.1322 from below and then resume trading downwards with the target at 1.1240. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after a price gap, XAUUSD has formed a Shooting Star pattern not far from the resistance level. At the moment, the asset is reversing in the form a new correctional impulse. In this case, the downside correctional target may be the support […]
Gold prices are easing off a nine-month high as investors keep a watch on developments in Ukraine. On Tuesday, gold prices rose to their highest level in over nine months before retreating as investors repositioned near the crucial $1,900 per ounce level as they awaited additional developments in the Ukraine situation. By 10:47 a.m. ET […]
Type: Bearish dipKey Levels:Resistance: 14372.25Pivot: 13842.25Support: 12724.25Preferred Case: Price has recently broken through a key support level and near pivot level of 13842.25 in line with 127.2% Fibonacci retracement . Price can potentially dip to the support level of 12724.25 in line with 78.5% Fibonacci projection and 38.2% Fibonacci retracement . Our bearish bias is […]
Type: Bullish ContinuationKey Levels:Resistance: 1910.9Pivot: 1918Support: 1904.5Preferred Case: Prices have been on bullish momentum and have consolidated in a parallel channel. We see the potential for further bullish consolidation from our Pivot at 1918 which is an area of Fibonacci confluences towards our 1st resistance at 1943.3 in line with 161.8% Fibonacci Projection. Our bullish […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, divergence on MACD made the asset complete the rising impulse and resume its local correction. The most probable scenario implies that the pair may finish the correction soon above the low at 1.1120 and then continue growing to break the next high […]
XAUUSD, “Gold vs US Dollar” XAUUSD is trading at 1909.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1885.00 and then resume moving upwards to reach 1965.00. Another signal in favour of a further uptrend will be a […]
Russia-Ukraine Developments Drive Markets LowerMarkets are trading with a broadly risk off tone today following worrying geo-political developments last night. Russian president Vladimir Putin has formally recognised two breakaway territories in Eastern Ukraine as separate states and has ordered Russian troops into the regions on “peacekeeping” duties. The news comes on the back of weeks […]
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