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.
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may be […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, the asset continues moving sideways. After forming several reversal patterns, including Hammer, close to the support level, USDCAD is reversing and may form a new correctional impulse. In this case, the upside target may be the resistance area at 1.2555. However, […]
European Forex news roundup: The Australian dollar maintains rises following a good jobs report. Forex news from the European morning session on Jan 20, 2022 It was a mostly calm session, with few headlines and few important economic releases to work with. The dollar is remaining somewhat mixed, but it was somewhat slow earlier on […]
AUDNOK To Turn Higher?AUDNOK price action is starting to look interesting here. We’ve seen the pair moving lower within a well-defined bear channel over the decline from December highs. However, the move lower has seen bullish divergence in momentum studies and price is now turning higher, threatening a channel break. If price can clear the […]
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report showed that oil traders increased their net long positions by around 8% last week. This latest increase in upside exposure is well reflected in the price action with crude having broken out to its highest levels since 2014 this week at highs of almost $87 […]
EURUSD, “Euro vs US Dollar” After completing the ascending wave at 1.1364, EURUSD is expected to correct towards 1.1333. Later, the market may form one more ascending structure to break 1.1364 and then continue trading upwards with the target at 1.1444. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the ascending wave at 1.3648, […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is trading at 114.44; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 114.65 and then resume moving downwards to reach 113.45. Another signal in favour of a further downtrend will […]
Selling and buying forces in USD appear to be roughly balanced near the 95.50 mark on DXY amid signs of easing Treasury sell-off. The yield on 10-year US Treasuries pricked 1.90% on Wednesday and then turned into a decline, the pressure of sellers in the stock market, judging by modest upside in futures, is also […]
BTC On WatchBitcoin prices continue to hold very tightly to 41510 support level (and longer term rising trend line) here as price remains within the large falling wedge pattern which has framed the reversal lower from all time highs. With indicators having flattened out here and price stagnating, the catalyst for further downside looks increasingly […]
• EURNZD reversed from resistance level 1.6795 • Likely to fall to support level 1.6600 EURNZD recently reversed down from the key resistance level 1.6795 (which has been reversing the price from the start of October), intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from August. The […]
• AUDCAD reversed from key support level 0.8970 • Likely to rise to resistance level 0.9100 AUDCAD recently reversed up from the key support level 0.8970 (previous monthly low from December), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.8970 created the daily Bullish Engulfing – which stopped the […]
GBPUSD has climbed into positive territory; investors believe it may continue rising. The British Pound is growing against the USD on Thursday. the current quote for the instrument is 1.3631. Inflation in the United Kingdom in December demonstrated phenomenal growth and reached 5.4% y/y after being 5.1% y/y the month before and against the […]