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.
US Data In Focus AgainThe final tier-one data of the week is due over today’s US sessions with US Retail Sales for December due. Following the lacklustre response to stronger-than-expected CPI for December, it seems that the odds are stacked against a bullish reversal in USD. With this in mind, should data print at or […]
GBP Beats The BunchSo another week comes to an end, and already we’re deep into the middle of January. Times flies when you’re chasing pips! Chatting with traders this week, it seems the big move that most have bene focused on is the rally in GBP. In terms of specific trades, the breakout in GBPUSD […]
USDJPY is falling at the end of the week; the Yen is happy with the possibility of the rate hike. The Japanese yen is rising against the USD on Friday. The current quote for the instrument is 113.86. The Yen has been strengthening for almost the entire week due to the “greenback” weakness, which […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.1458. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1507; if to the downside – start a new correction towards 1.1385 and then form one more ascending structure to reach the above-mentioned target. […]
Type: Bearish ReversalKey Levels:Resistance: 1.15137Pivot: 1.14603Support: 1.13846Preferred Case:With price approaching the resistance of the stochastics indicator, we are bias that price will drop from our pivot at 1.14603 in line with the 161.8% Fibonacci extension and swing high resistance to 1st support at 1.13846 in line with 38.2% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, […]
Type: Bearish ReversalKey Levels:Resistance: 0.91349Pivot: 0.91066Support: 0.90379Preferred Case:Prices are on bearish momentum. We see the potential for a pullback from our Pivot at 0.91066 which is an area of Fibonacci confluences towards our 1st support at 0.90379 in line with 78.6% Fibonacci retracement. Our bearish bias is further supported by prices trading below our Ichimoku […]
Although planting trees has become an imperative to decarbonize and a key goal of the landmark Paris Agreement and the recent COP26 climate conference, it no longer appears to be a sufficient solution to address the crisis, a new study has discovered. The journal Nature Climate Change published a research paper that concluded that protecting […]
Regulator XGLOBAL Group overview X GLOBAL Markets Ltd and XGLOBAL FX Ltd are regulated investment firms that are both 100% owned by X GLOBAL Holding Ltd. X GLOBAL Markets Ltd (CySEC) CySEC regulated Accepts EEA residents Investor Compensation Fund Negative balance protection Continue XGLOBAL FX Ltd (VFSC) VFSC regulated Accepts non-EEA residents Pro trading […]
Daily Market Outlook, January 13, 2022 Overnight Headlines Fed See Economic Optimism Showing Cooling Signs In Places Fed Bullard: Four 2022 Interest Rate Hikes Now Found Likely Fed Brainard: Inflation Control Is Fed’s ‘Most Important Task’ Fed Daly Joins Camp That See Rate Lift-Off As Early As March Democrats Fast-Track Voting Rights Bill, Speeding Showdown […]
Type: Bearish ReversalKey Levels:Resistance: 45514.76Pivot: 43995.2Support: 40641.22Preferred Case:Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 38.2% Fibonacci retracement towards the 1st Support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is further supported […]
• USDJPY broke daily up channel • Likely to fall to support level 113.50 USDJPY currency pair recently broke the key support level 114.50, intersecting with the daily up channel from November and the 50% Fibonacci correction of the upward impulse 3. The breakout of the support level 114.50 accelerated the active short-term correction 4 […]
Good day,USD/RUB has dropped and approached the uptrend. However, the asset is likely to drop even further, all the way till the supporting level of 73.35 or potentially rise till the level of 78.00, as well. So, it is worth observing what is going to happen next.The Euro broke the resistance at the level of […]