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.
TitleUSDCHF H4 | React off 61.8% TypeBearish Reversal Preference: Price is approaching our pivot point of 0.90558 which aligns with a 61.8% Fibonacci retracement. A reverse from here, price could fall to 1st support at 0.89899 which is a pullback support level Alternative scenario: However, if it breaks above the pivot, it could rally to […]
TitleXAUUSD H4 | Potential bounce off support TypeBullish Bounce Preference: Price is currently at our pivot point of 1933.393 which is an overlap support level. A reverse from here, price could rally to 1st resistance at 1944.805 which aligns with a 50% Fibonacci retracement, Alternative scenario:However, if price breaks below the pivot, it could fall […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the Tenkan-Sen line of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2605 is expected, followed by a rise to 1.2845. An additional signal confirming the rise will be a rebound from […]
EURUSD, “Euro vs US Dollar” The currency pair has extended a consolidation range upwards to 1.0862. The market has started an abrupt decline to 1.0782 on the news. This is the first target. After the quotes reach this level, a correction to 1.0822 might follow. Next, a wave of decline to 1.0730 might begin. GBPUSD, […]
Daily Market Outlook, June 14, 2023 Munnelly’s Market Commentary… Asian equity markets traded with a somewhat mixed performance as the region displayed caution ahead of the Federal Open Market Committee (FOMC) policy announcement. The Nikkei 225 index extended its gains by 1.5%, benefiting from recent currency movements and widespread anticipation that the Bank of Japan […]
Tesla Rally Continues Shares in Tesla are trading higher pre-market as the stock’s bull run continues. The recovery off the April lows has seen Tesla shares advancing more than 70%, now up over 155% on the year so far. Shifting Fed expectations have been a huge driver behind the aggressive move higher in tech stocks […]
TitleBCOUSD H4 | Running into 50% Fibo resistance TypeBearish Reversal Preference: Price could approach the pivot point of 75.267 and potentially reverse from here; we could see momentum carry price down to its 1st support of 72.132. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 77.519. To discuss […]
TitleAUDJPY H4 | Bullish bounce from pivot TypeBullish Bounce Preference:Price could approach the pivot point of 94.584 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 95.52. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 93.812. To discuss this trading […]
The Japanese yen is hit by a new wave of devaluation against the US dollar. The current USDJPY quote is 140.05. Goldman Sachs investment bank revised its inflationary expectations for Japan, increasing them. They are now even higher than the forecast of the BoJ. In fact, a decrease in the CPI below 2% for the […]
The BTC price dropped to 25,977 USD on Wednesday. The flagship cryptocurrency remains as volatile as before. The weekly decline is estimated at 3.6%. A significant support level is at the 25,400 USD level. Below it, there is new support at 24,480 USD. BTC is being bought during the fall, but not very effectively. Seasonal […]
Gold Flat Ahead of Fed Gold prices are looking very muted ahead of the FOMC later today, reflecting some uncertainty in the market. While the Fed is widely expected to pause its 15-month tightening campaign today, expectations are a little more split over the likely forward guidance to be offered and the tone of the […]
TitleGBPJPY H4 | Bullish breakout to the upside TypeBullish Breakout Preference:Price is approaching the pivot point of 176.927 and could potentially break out of this level; we could see momentum carry price up to its 1st resistance of 178.116. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 175.479. […]