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.
Credit AgricoleAsia overnightInvestors appear stunned at the moment. US inflation came out in line with market expectations and led to little further moves in market pricing for the Fed and UST yields. Indeed, even further hawkish speak from FOMC members did not really move rates markets. The USD did move, however, as investors exited long […]
• Novartis broke round resistance level 90.00 • Likely to rise to resistance level 91.30 Novartis continues to rise steadily after the earlier breakout of the round resistance level 90.00 (which reversed the price earlier this month). The breakout of the resistance level 90.00 accelerated the active minor impulse wave 1 of the intermediate upward […]
• Gold reversed from resistance level 1826.71 • Likely to fall to support level 1800.00 Gold recently reversed down from the pivotal resistance level 1826.71, intersecting with the daily upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward correction (ii) from November. The downward reversal from the resistance level 1826.71 stopped the […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Shooting Star reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.1415. However, an alternative scenario […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. However, this scenario may be cancelled […]
Oil Traders Rebuild LongsThe latest CFTC COT institutional report shows that oil traders increased their net long positions last week by almost 20,000 contracts. This latest increase reflects the better sentiment taking hold in oil markets over the start of 2022 as prices continue to rebound off the December 2021 lows. Prices are now up […]
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Keep An Eye On ETHThe breakdown in the US Dollar this week is allowing for a broad move higher in risk assets. Among those instruments seeing the most benefit is ETH which has rallied almost 20% off the lows. The brief dip below the falling wedge pattern suggests a false breakout, with potential now for […]
EURUSD Breaking Out?So, on the back of yesterday’s CPI release in the US it seems it was the bearish USD scenario which played out, triggering the EURUSD breakout idea. Price is now on course to test the initial target at 1.1527, currently grappling with the bear channel top. Given that this is initially a short-term […]
EURUSD continued rising after the US reported on inflation. The major currency pair continues growing on Thursday. The current quote for the instrument is 1.1468. The CPI in the US showed 7.0% y/y, the same as expected. The “greenback” plummeted in response to this report: investors started to reduce their long positions because the […]
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1452, EURUSD is consolidating below this level. Possibly, the pair may grow to reach the short-term upside target at 1.1457 and then start a new correction towards 1.1363. Later, the market may form one more ascending structure with the target at 1.1506. GBPUSD, “Great […]
Brent As we can see in the H4 chart, the situation has significantly changed over the last week. At the moment, Brent is steadily growing towards the high at 86.63. However, the asset may yet slightly correct before attacking this level. After breaking the high, the price may continue trading upwards to reach the post-correctional […]