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.
EUR Bid On Better DataThe Euro is catching a bid this morning following the release of the latest preliminary PMI data sets for February. The eurozone manufacturing PMI was seen dipping slightly to 58.4 from the prior month’s 58.7, in contrast to the 58.9 reading expected. However, despite the weakness in manufacturing, which was largely […]
Type: Bearish ContinuationKey Levels:Resistance: 153’30Pivot: 1513’15Support: 151’07Preferred Case:Price is trading in a descending channel and near pivot level of 153’15 in line with 50% Fibonacci retracement and 127.2% Fibonacci projection. Price can potentially dip to the 1st support level of 151’07 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the asset is testing the mid-term 61.8% fibo at 1908.00. Possibly, the pair may rebound and form a slight pullback, which may later be followed by a further uptrend. The next upside target is 76.0% fibo at 1969.00. The H1 chart shows […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1366; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1380 and then resume moving downwards to reach 1.1180. Another signal in favour of a further downtrend will be […]
Oil prices fell, today, Monday, after beginning the week’s trading earlier in the session on a rise. The markets are in a state of volatility, with investors looking for contradictory scenarios to tighten Russian energy supplies due to the Ukrainian crisis, and more crude oil entering the market amid indications of a possible nuclear agreement […]
Credit Suisse Lower Pre-MarketShares in Credit Suisse are trading lower pre-market as traders react to news breaking today regarding leaked information on the bank’s involvement with criminals. A whistle-blower leaked information to several big media outlets regarding the bank’s current and historical client dealings with individuals and groups linked to drug trafficking, human trafficking, bribery […]
Type: Bullish ContinuationKey Levels: Resistance: 14612.50Pivot: 14144.75Support: 13851.50Preferred Case:Price is near pivot level of 14144.75 in line with 38.2% Fibonacci retracement. Price can potentially continue its uptrend to 1st resistance level of 14612.50 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it shows […]
• Brent reversed from support area • Likely to rise to resistance level 95.25 Brent crude oil recently reversed up from the combined support area located between the round support level 90.00 (former resistance from the end of January), 20-day moving average and the 50% Fibonacci correction of the previous impulse wave (v) from last […]
• EURCHF broke support area • Likely to fall to support level 1.0320. EURCHF currency pair recently broke the support area located between the key support level 1.0430 (former top of wave A from the end of January) and the 50% Fibonacci correction of the previous ABC correction (4). The breakout of this support area […]
The crypto market is gloomy, or at least its largest part is. The leading cryptocurrency — BTC — is being dragged down by the generally tough situation. The BTC is known to have a strong correlation with the NASDAQ index. The US stock market is selling and avoiding risks, equally reacting to geopolitical problems and […]
EURUSD is consolidating at the beginning of a new week. The major currency pair is looking neutral on Monday. The current quote for the instrument is 1.1357. Market players are obviously saving their strengths while watching the global market – politicians are making too many moves. It means that the demand for “safe haven” assets […]
Financial markets will start next week with a reassessment of geopolitical risks, probably pricing in further aggravation of the situation in Ukraine and a new round of involvement of world powers in this conflict. This was facilitated by the message on Friday that the self-proclaimed republics of the DPR and LPR began the evacuation of […]