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.
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, indicating the prevalence of a downtrend. However, a convergence has formed on the RSI. As a result, in this situation, the quotes are expected to rise above 2/8 (0.6469), later reaching the resistance at 4/8 (0.6591). The scenario could […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is currently in a consolidation phase around 1.0650 without any strong trend. A price rise to 1.0693 is not ruled out, followed by a decline to the local target of 1.0585. After the price reaches this level, a correction to 1.0733 could start, followed by a decline […]
The British pound appears very weak against the US dollar. The current GBPUSD exchange rate stands at 1.2344. The pound is vulnerable due to the difference in the US and UK government bond yields, disparate economic prospects, and technical signals. GBP has been under pressure since mid-March, when the US dollar strengthened significantly. The Federal […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the Kijun-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2365 is expected, followed by a decline to 1.2245. An additional signal confirming the decline will be a rebound […]
The Japanese yen, paired with the US dollar, paused in the morning but has since resumed its decline. The current USDJPY exchange rate stands at 154.78. Today, the USDJPY pair reached a new 34-year high of 154.80, prompting further commentary from Japanese policymakers within the framework of verbal interventions. Japan’s finance minister, Shunichi Suzuki, referred […]
EURUSD, “Euro vs US Dollar” The EURUSD pair is correcting after a rebound from the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of lower boundary of the Cloud at 1.0675 is expected, followed by a decline to 1.0535. An additional signal confirming the […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is approaching the resistance line. In this situation, the price is expected to test the 4/8 (1.0772) level, rebound from it, and decline to the support at 2/8 (1.0498). The scenario might be cancelled […]
The Australian dollar, paired with the US dollar, looks neutral on Monday. The current AUDUSD exchange rate stands at 0.6437. The Aussie is showing moderate gains today but remains confined within a narrow trading range. The local improvement is due to the stabilisation of investors’ risk appetite and the improvement of the global geopolitical situation, […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3800. Next, the price might break above the resistance level and continue its upward momentum. However, the quotes could correct to 1.3690 […]
The primary currency pair maintains its upward trajectory on Monday. The current EURUSD exchange rate stands at 1.0663. Recent comments from the US Federal Reserve have led investors to reconsider global interest rate cut timelines. Meanwhile, the European Central Bank is believed to start reducing the interest rate in the mid-year. ECB member Madis Muller […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around 1.0650. A growth link targeting 1.0693 is not excluded, after which a decline towards 1.0585 might follow. This is a local target. Once this level is reached, a correction to 1.0733 could begin, followed by a decline to 1.0440. GBPUSD, “Great […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has exited the Triangle pattern. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.2425 is expected, followed by a decline to 1.2275. An additional signal confirming the decline will be a rebound from the lower […]