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” USDCHF quotes are above the 200-day Moving Average on D1, revealing the prevalence of an uptrend. The RSI has broken the support line, escaping the overbought area. As a result, in this situation, a rebound from 6/8 (0.9033) is expected, followed by a price decline to the support at […]
The primary currency pair is moving upwards on Thursday. The current EURUSD exchange rate stands at 1.0844. The euro’s recovery against the US dollar is due to yesterday’s comments from Federal Reserve Chair Jerome Powell regarding future interest rates. In fact, he merely confirmed that the Fed would rely on recent statistics when making interest […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction towards 1.0786. The market has formed a consolidation range around this level and, with an upward breakout, enables a further potential correction towards 1.0847. Once the price reaches this level, another decline wave to 1.0700 is expected to start, with the trend potentially […]
The Japanese yen, paired with the US dollar, appears relatively weak but is not falling further. The current USDJPY exchange rate stands at 151.67. Japan’s finance minister, Shunichi Suzuki, faces a challenging task: he must reiterate the same message almost daily. While these may be verbal interventions, they no longer impact the market. Today, Suzuki […]
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish correction. The instrument is going inside the Ichimoku Cloud, which suggests a flat trend. A test of the upper boundary of the Cloud at 1.0865 is expected, followed by a decline to 1.0705. A signal confirming the decline will be a rebound from the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be the 1.3485 level. Next, the price has a chance for a rebound from the support and an uptrend development. However, the […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on D1. The RSI is testing the resistance line. In this situation, the price is expected to rebound from the +1/8 (151.56) level and decline to the support at 7/8 (148.43). The scenario could be cancelled by surpassing the +1/8 (151.56) level. […]
The UK pound sterling, paired with the US dollar, has entered positive territory. The current GBPUSD exchange rate stands at 1.2579. Fresh statistics indicate that sentiment within the UK business sector is notably optimistic. The Manufacturing PMI for March rose to 50.3 points from the previous 47.5 points. The fact that the indicator has crossed […]
XAUUSD, “Gold vs US Dollar” Gold has gained a foothold above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2265 is expected, followed by a rise to 2325. An additional signal confirming the rise could be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be 2260.00. After testing the support, the price might rebound from it and continue developing the uptrend. However, the quotes could rise to 2300.00 without […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0724. A correction to 1.0793 (testing from below) could develop today. Once this correction is over, the decline wave is expected to extend to 1.0720. And with a breakout of this level the potential for a movement by the trend towards […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 2/8 (0.6469) is expected, followed by a price decline to the support at 1/8 (0.6408). The scenario might be cancelled […]