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.
TitleDAX H4 | Bearish breakout TypeBearish Breakout Preference:Price is on a downtrend to the pivot point at 16837.37, the pullback support. Price could break the pivot and fall to 1st support at 16646.16, an overlap resistance that aligns closely with 61.8% Fibonacci Projection level. Alternative scenario: The price might bounce off the pivot point and […]
TitleGBPUSD H1 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.2746 which is a pullback resistance that aligns with 61.8% fibo retracement. A reverse from this point could lead the price to fall to 1st support at 1.2703, an overlap support Alternative scenario:If price breaks above the pivot, it could […]
Daily Trade Setups #FTSE #ASX200 #META & #SP500 To access today’s real-time actionable analysis click here! Source: Tickmill
TitleRising into Overlap Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 2.08436 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 2.07203 which is a pullback support that aligns with […]
The Japanese yen, paired with the US dollar, is currently on hold, awaiting clear signals. The current USDJPY exchange rate stands at 147.83. The yen found some support as investors carefully analysed the Bank of Japan’s meeting results. Kazuo Ueda, the governor of the regulator, had a somewhat hawkish stance on interest rates, or the […]
The British pound sterling remains in a sideways range against the US dollar. The current quote in GBPUSD is 1.2698. While the pound maintains its balance against the USD, it has reached a four-month high against the EUR. This was influenced by the fact that the British economy appears as stable as before, and the […]
Daily Market Outlook, January 24, 2024 Munnelly’s Market Minute…“China Restricts Short Selling & PBoC Cut RRR BY 0.5%” Asian markets traded with mixed results, influenced by the performance of Wall St, corporate earnings, and recent statements from the Bank of Japan. The Nikkei 225 was under pressure due to rising Japanese bond yields and a […]
TitleFalling to 38.2% Fibo Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 103.098 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 103.436 which is a pullback resistance level. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave, reaching 1.0821. Today it experienced growth momentum towards 1.0845. A narrow consolidation range has formed, and by breaking it upwards, the market continues a corrective wave to 1.0866. After the price reaches this level, a decline to 1.0845 could follow (a test from above). […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are approaching the overbought area on H4. The RSI has rebounded from the support level. In this situation, the price is expected to test the 8/8 (150.00) level, rebound from it, and decline to the support at 6/8 (146.87). The scenario could be cancelled by rising above […]
TitleEURJPY H4 | Bearish breakout TypeBearish Breakout Preference:The current price is on a down trend, once it breaks the pivot point at 160.63, the pullback support aligning with 38.2% Fibonacci retracement level, price might fall to 1st support at 159.424, the overlap support. Alternative scenario:The price could bounce off the pivot point and rise to […]
GBP Rallying on Better PMIs The British Pound is seeing firm demand across the European morning on Wednesday. GBPUSD is up around 0.72% on the day and close to testing current 2024 highs following some better UK data this morning. The latest round of UK PMIs came out better than forecast for last month with […]