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.
EURUSD, “Euro vs US Dollar” EURUSD has reached a local growth wave target of 1.1000. Today a consolidation range is forming below this level, potentially expanding to 1.1010. Subsequently, the price could break the range downwards, targeting 1.0890 (a test from above). Next, another growth link to 1.1050 could develop, marking the end of this […]
TitleGBPUSD H4 | Falling to support level? TypeBearish Reversal Preference:Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high resistance. Alternative scenario:Price could break through pivot at 1.27866 and rise to 1st resistance at 1.28351, pullback resistance level. To discuss this trading idea, […]
TitleGER 40 H4 | Potential bearish breakout TypeBearish Breakout Preference:Price could break out of the pivot line at 16735.14, an overlap support, and revert to the 1st support level at 16450.45, also an overlap support. Alternative scenario:The price could bounce off the pivot line at 16735.14, and rise to the 1st resistance at 16960.36, the […]
The primary currency pair is holding higher on Thursday. The current EURUSD exchange rate stands at 1.0905. Investors are reacting against the US dollar after extracting valuable insights from the Federal Reserve’s aggressive comments. The Fed’s meeting ended with a neutral outcome. The interest rate was kept at 5.50% per annum, and the tone of […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are going below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, a rebound from the 2/8 (0.8667) level is expected, followed by a price rise to the resistance at 4/8 (0.8789). The […]
Daily Market Outlook, December 14, 2023 Munnelly’s Market Minute… Asia – Following the Federal Open Market Committee (FOMC) decision to maintain unchanged rates and introduce a dovish adjustment to its statement guidance, most stocks in the Asia-Pacific region experienced gains. The FOMC’s decision to cut its 2024 median dot by more than anticipated, indicating a […]
TitleEURGBP H4 | Bearish reversal? TypeBearish Drop Preference:Price is right below the pivot point at 0.86218, an overlap resistance, and could reverse to 1st support level at 0.85542, multi-swing low support. Alternative scenario:The price could breakout of the pivot line at 0.86214 and rise to the 1st resistance at 0.86595, an overlap resistance level. To […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, completing a correction wave at 1.0914 on the news. A consolidation range could form under this level today. With an escape from the range downwards, a decline wave to 1.0820 might develop. And if this level also breaks downwards, the potential for trend […]
The Japanese yen is rapidly rising against the US dollar on Thursday. The current USDJPY exchange rate stands at 141.62. A political scandal is unfolding in Japan, fuelling market expectations for a prompt monetary policy revision and providing an easy exit option from the current quantitative easing format. This could alleviate the cancellation of the […]
This week has witnessed two consecutive days of pivotal events shaping the global financial landscape. Yesterday, the Federal Reserve signalled a change in course, leaving interest rates unchanged but hinting at future cuts. Today, the spotlight shifts to the Bank of England and the European Central Bank, both expected to hold rates steady but facing […]
TitleXAUUSD H1 | Bearish reversal? TypeBearish Drop Preference:Price is currently at our pivot point of 2031, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 2008, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it might […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2605 is expected, followed by a rise to 1.2735. An additional signal confirming the rise might be a rebound from the lower […]