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.
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 pullback target could be 1.3510. Next, the price might rebound from the resistance level and extend the descending wave. However, the quotes could drop to 1.3425 […]
Gold Correction Continues Gold prices are looking vulnerable this week amidst a bout of fresh USD strength ahead of the FOMC later today. Yesterday’s November CPI reading showed that inflation slowed to 3.1% annually from 3.2%, in line with expectations. While still headed in the right direction, the deflationary momentum we’ve seen across recent months […]
Daily Trade Setups #MSFT #AMZN #DXY To access today’s real-time actionable analysis Microsoft https://youtu.be/pDdBEtjaEXE?si=dYPMyylOFea7N2vZ Amazon https://youtu.be/OFe7PeeOQAM?si=qmMRzsXWogGbP9kP Dollar Index https://youtu.be/MDSBqEWdfTI?si=vvvcm_KoiX_HK–w Source: Tickmill
Record Breaking Deal Crude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the COP28 summit agreed on a record deal to transition away from fossil fuels in a bid to help tackle the increasingly worrying effects of climate […]
The foreign exchange market is churning today, with several key currencies experiencing volatility as investors digest the latest economic data and anticipate upcoming central bank decisions. Gold, the safe-haven asset, is feeling the heat after the release of US inflation figures, which reinforced expectations that the Federal Reserve won’t rush with the much anticipated dovish […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 5/8 (146.09) level is expected, followed by a decline to the support at 3/8 (142.18). The […]
The primary currency pair maintains equilibrium on Wednesday. The current EURUSD exchange rate stands at 1.0788. The US Federal Reserve’s two-day meeting will end today. Let us just wait for the facts, considering all predictions have already been made. Yesterday’s released US inflation statistics gave reasons for reflection. The consumer price index rose by 0.1% […]
TitleBCOUSD D1 | Falling to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 71.655 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 77.899 which is a pullback resistance level. Alternative scenario:If price breaks below the pivot […]
TitleUSDJPY H4 | Breaking support level? TypeBearish Reversal Preference:Price is breaking through the support at 145.315, an overlap support, and is heading to our 1st support at 144.582, a pullback support Alternative scenario:Price could bounce off the 1st support at 144.582 and rise to our resistance level at 146.563 an overlap resistance. To discuss this […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 2020.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 1960.00 before growing. […]
The Japanese yen appears neutral against the US dollar on Wednesday. The current USDJPY exchange rate stands at 145.56. Morning releases show that the Tankan manufacturing business expectations index for Q4 in Japan has declined to 8 points from the previous 10 points, falling short of expectations. Conversely, the same index for the services sector […]
TitleGBPJPY H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is falling from our pivot point at 182.898, a pullback resistance, and is moving to our 1st support at 180.492, multi-swing low support. Alternative scenario: Price could break the pivot point at 182.898 and rise to our 1st resistance level at 184.031, a pullback resistance. To […]