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 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 […]
TitleUSDCHF H4 | Bouncing off support level? TypeBullish Bounce Preference:Price has just bounced off our pivot point of 0.8981, which serves as an overlap support level. A reversal from this point could lead the price rise to the 1st resistance at 10.9029, a multi-swing high resistance Alternative scenario:However, if the price breaks below the pivot, […]
EURUSD, “Euro vs US Dollar” EURUSD has rebounded from 1.0593, making a movement to 1.0522 within a declining wave. A consolidation range s forming above this level today. The quotes could escape the range downwards, reaching 1.0502. Next, a link of correction to 1.0540 (with a test from below) and a decline to 1.0484 could […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured under the lower boundary of the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2145 is expected, followed by a decline to 1.1945. An additional signal confirming the decline will be a […]
TitleGBPJPY H4 | Bullish reversal off 100% fibo? TypeBullish Bounce Preference: Price is falling towards our pivot point at 181.13, which is an overlap support, aligning with the 100% fibo projection and 50% fibo retracement, which shows that there is fibo confluence here. Price could potentially bounce off our pivot point and rise towards the […]
Bitcoin has tested the key level of 30000 and dropped. The asset’s price is likely to approach the level of 25000, gain the required support, rebound, and rise. Of course, it can also dive even deeper. However, the jump is more likely to happen. Let’s observe which scenario is going to work out. Apple stock […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI on H4 are nearing the overbought area. In this situation, a test of 8/8 (150.00) is expected, followed by a rebound from this level and a decline to the support at 6/8 (148.43). The scenario can be cancelled by rising above 8/8 (150.00). In […]