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.
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading within the “overbought area”. In this case, the price is expected to break 8/8 and then fall to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks +1/8 to the […]
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 level. At the moment, EURUSD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.1510. However, an alternative scenario implies that […]
Equity markets are on the rise on Wednesday as bullish momentum stretched for the second day in a row, at the same time, defensive assets, bonds and gold lost their footing amid a marked de-escalation of the Ukrainian conflict, although the West is expressing skepticism about the partial retreat of Russian troops from the Ukrainian […]
Type: Bullish ContinuationKey Levels:Resistance: 1880.4Pivot: 1852.6Support: 1837.3Preferred Case:Prices have recently broken out of our daily descending trendline and has experienced a trendline breakout. We see the potential for bullish continuation from our Pivot at 1852.6 in line with 23.6% Fibonacci retracement towards our 1st resistance at 1880.4 in line with 100% Fibonacci retracement.Alternative Scenario: If […]
EURUSD remains in high spirits on Wednesday; investors are waiting for the statistics. The major currency pair is keeping its short-term rising impulse in force. The current quote for the instrument is 1.1375. The demand for EUR rose after the global risk attitude improved. The preliminary report GDP report from the Euro Area showed 0.3% […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6648; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6665 and then resume moving downwards to reach 0.6460. Another signal in favour of a further downtrend […]
Type: Bearish ContinuationKey Levels:Resistance: 15067Pivot: 14514Support: 14086Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 14514 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 14086 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price could […]
Type: Bearish ContinuationKey Levels:Resistance: 153’02Pivot: 151’15Support: 150’05Preferred Case::With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 151’15 in line with the 38.2% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 150’05 in line with the horizontal swing low support and 127.2% Fibonacci […]
• GBPUSD reversed from support zone • Likely to rise to resistance level 1.3645 GBPUSD recently reversed up from the support area set between the pivotal support level 1.3500 (which has been reversing the price from the start of February) and the 50% Fibonacci correction of the previous upward correction from January. The upward reversal […]
• Gold reversed from support zone • Likely to rise to resistance level 1875.00 Gold recently reversed up from the support zone located between the key support level 1850.00 (previous resistance from January) and the 50% Fibonacci correction of the previous sharp upward impulse from last week. The upward reversal from this support zone continues […]
The crypto segment is reviving after a recent slump. The sector capitalisation has now reached $2 trillion. In the Top 10 most powerful cryptocurrencies, the most active are Avalanche, Solana, and Binance Coin. The BTC is slightly falling on Wednesday and mostly trading at $44,220. The global sentiment is positive – the US stock market […]
GBPUSD has been strengthening for the second consecutive trading session; the statistics support the pair. The British Pound is still growing against the USD on Wednesday. The current quote for the instrument is 1.3569. According to the data published earlier today, the CPI in the United Kingdom showed 5.5% y/y in January against the expected […]