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 completed a wave of decline to 1.0582. A link of correction to 1.0636 might follow today. Practically, a consolidation range is developing. With an escape from the range downwards, the potential for a declining wave to 1.0520 could open. With an escape upwards, the wave of growth might […]
The BTC on Wednesday is correcting, hovering at 34,200 USD. The weekly increase amounts to 18.8% but at certain moments it exceeded 22%. Cryptocurrencies are so popular these days that do not even encounter technical pullbacks. At the platform, they think that the moment when a license for spot bitcoin ETF will be granted to […]
TitleGBPUSD H4 | Bearish Continuation Expected? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.22123 – 1.2204 which serves as a pullback resistance level aligning with the 38.2% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.21218, a multi-swing low support level. Alternative […]
TitleUSDCAD H4 | Potential RSI Bearish Divergence TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.37854 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.36717 which is a pullback support level. Alternative scenario:If price breaks above the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance level at 1.0690. However, the price could correct to 1.0560 and extend the downtrend after a pullback […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured under the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2205 is expected, followed by a decline to 1.1985. An additional signal confirming the decline will […]
BOC in Focus The Bank of Canada meets for its October rate setting meeting today and while no change is expected, traders will be keeping a close eye on the latest guidance and forecasts offered. The BOC has warned recently that it is still prepared to use further tightening, if necessary, to respond to any […]
TitleEURGBP H4 | Potential Bearish Reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.87331 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.86842 which is a pullback support that aligns close to the 50.0% Fibonacci retracement […]
Japanese CPI Rises The Japanese Yen is turning higher today on the back of the latest set of inflation figures, released overnight. BOJ core CPI was seen rising to 3.4% last month, up from 3.3% a month prior and above the 3.3% the market was looking for. With JPY continuing to depreciate over recent weeks, […]
TitleGBPJPY H4 | Bearish reversal off 161.8% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 183.76, which is a swing high resistance level, aligning with the 161.8% fibo extension. Price could reverse off from here, and fall to the 1st support at 182.87, which is a pullback support level. Alternative scenario:If […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1.3740. Next, the price could break the resistance and extend the uptrend. However, the quotes might correct to 1.3640 before rising. AUDUSD, […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. In this situation, a test of 5/8 (0.6378) is expected, followed by a rebound from this level and a decline to the support at 2/8 (0.6286). […]