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 an Engulfing reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1.3505. Next, the price could rebound from the support and continue the uptrend. However, the quotes might rise to 1.3610 without any […]
TitleEURUSD H4 | Falling from Fibo Confluence? TypeBearish Reversal Preference:Price is rising toward our pivot point of 1.08882 which has 61.8% Fibo retracement and 23.6% Fibo retracement, indicating Fibo confluence level. A reverse from here, price could fall to 1st support level at 1.08318 which is a swing low support level. Alternative scenario:However, if price […]
GBP Heavily Sold Similar to what we’ve seen with EUR today, GBP has come under heavy selling pressure on the back of a dismal set of flash UK PMI readings this morning. The UK services PMI was seen falling back into negative territory this month at 48.7 from 51.5 prior and below the 50.9 the […]
The BTC exchange rate looks weak on Wednesday, hovering around 26,015 USD. The cryptocurrency sector has suffered noticeably after the crash triggered by the Bitcoin Magazine publication. The BTC decline also pulled down key altcoins. Currently, the sector is still impacted by the bearish seasonal factor, and its transition to a bullish trend in early […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0833. Today the market is correcting this wave of decline. The correction target might be 1.0874 (with a test from below). After the correction will be over, a new wave of decline to 1.0816 could start. Next, a link of growth to […]
TitleEURGBP H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could potentially bounce from our pivot point at 0.8505, which is the swing low support level, to the 23.6% fibo retracement level. If price does not break the previous swing low support, then price could potentially rise towards the 1st resistance at 0.8554, which […]
TitleGBPJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price has reacted off our pivot point at 185.32, which is an overlap support level and at the 61.8% fibo retracement level. We can expect price to rise towards our 1st resistance at 186.70, which is a swing high resistance level. Alternative scenario: If […]
The British pound sterling paired with the US dollar found a foothold by the middle of the week. The current GBPUSD exchange rate stands at 1.2752. Strategically speaking, GBP is in a consolidation phase in a wide range. From a fundamental point of view, the pound’s positioning has improved slightly after investors’ risk appetite rose. […]
The major currency pair is under pressure on Wednesday. The current EURUSD exchange rate stands at 1.0860. The local news lull played against market stabilisation. In the absence of new drivers, investors are preoccupied with speculating on the Federal Reserve’s future moves regarding interest rates. While everyone is waiting for the Fed Reserve’s chair Jerome […]
TitleSPX500USD H4 | Bearish reaction off 23.6% fibo? TypeBearish Reversal Preference: Price is reacting off our pivot point at 4399.87, which is a pullback resistance, and at the 23.6% fibo retracement. We can expect price to fall to the 1st support level, which is a multi-swing low support and 78.6% fibo projection. Alternative scenario: If […]
TitleGBPUSD H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference:Price is approaching our pivot point at 1.2790, which is a multi-swing high resistance, and 61.8% fibo projection. Price could fall to the 1st support at 1.2708, which is slightly above the 50% fibo retracement and multi-swing low support level. Alternative scenario:If price breaks above […]
The Japanese yen, paired with the US dollar, is once again ready for devaluation. The current USDJPY exchange rate stands at 146.05. Last week, the Japanese Ministry of Finance sent cautionary letters regarding the recent weakening wave of the Japanese Yen. It seems the ministry has transitioned to a new stage of intervention strategies: shifting […]