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.
The BTC exchange rate skyrocketed to 29,315 USD by Friday. Weekly growth is estimated at almost 10%, with a daily increase of 3.5%. The primary driving factors at present revolve around the submission of applications by large funds to the US Securities and Exchange Commission (SEC) for a licence to launch a spot Bitcoin-ETF. Comments […]
Daily Market Outlook, October 20, 2023 Munnelly’s Market Commentary… Asia – Asian stock markets experienced a decline to their lowest levels in 11 months on Friday. This drop was driven by the continuous increase in long-term U.S. yields, which placed pressure on market valuations. Investor sentiment was marked by caution due to growing concerns that […]
TitleUSDCAD H4 | Falling to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36919 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37835 which is a swing-high resistance […]
TitleXAUUSD H4 | Potential Bearish reversal? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1954, which serves as an overlap resistance. A reversal from this point could lead to a price drop to the 1st support at 1933, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it […]
TitleEURJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 157.61, which is an overlap support, aligning with the 61.8% fibo retracement and 61.8% fibo projection. Price could rise towards the 1st resistance at 158.52, which is a swing high resistance. Alternative scenario:If price falls below […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average on H4 and rest below it, indicating an opportunity of a downtrend development. However, the RSI has formed a conversion that reveals price growth. As a result, a test of 4/8 (0.9033) is expected, followed by a breakout of the level […]
The British pound sterling paired with the US dollar has returned to a downward trend. The GBPUSD current exchange rate is 1.2130. Global risk aversion is weighing against the British currency. In the past few days, the UK has released a significant amount of economic data, with a focus on price-related parameters. The growth in […]
Safe-Haven Flows Supporting Gold Gold prices continue to push higher through the back end of the week as prevailing uncertainty around the conflict in the Middle East continues to drive safe-haven flows. For now, Israel is refraining from launching a full-scale ground invasion of Gaza and president Biden has brokered a deal with Israel to […]
Netflix Stock Jumps The more than 16% gain after hours in Netflix yesterday has been the big story from the US earnings landscape this week. The company’s stock soared after Netflix posted stronger-than-forecast results for Q3 yesterday. Looking at the headline numbers, EPS was seen at $3.73 vs $3.48 expected on revenues of $8.542 billion […]
The primary currency pair came under pressure by Thursday. The current EURUSD exchange rate stands at 1.0530. The overall market sentiment since yesterday has been driven by risk aversion due to geopolitical complications and deteriorating macroeconomic signals, leading to renewed demand for the USD. The currently published statistics offer limited significant information. In September, the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes have formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3790. Next, the price might break the resistance and continue the uptrend. However, the quotes could correct to 1.3690 before […]
Daily Market Outlook, October 19, 2023 Munnelly’s Market Minute… Asia – Asian stocks experienced widespread declines, largely influenced by a spillover of selling pressure from Wall Street. This was driven by the latest earnings reports and persisting geopolitical uncertainties. In addition, the upward trend in bond yields posed further challenges. The Nikkei 225 in Japan […]