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.
Brent On H4, Brent quotes are testing the level of 0/8 (75.00) that acts as a support level for the price and the upper border of the oversold area. The RSI has rebounded from the support line. Currently, a rebound from 0/8 (75.00) is expected, followed by a rise to the resistance at 2/8 (81.25). […]
Daily Market Outlook, May 26 , 2023 Asian equity markets generally strengthened, taking cues from the rally in the US driven by AI technology stocks. Additionally, reports surfaced indicating progress in resolving the US debt ceiling issue, with discussions revolving around raising the debt limit and implementing spending caps for the next two years. While […]
Bright Minds Bright Minds is a new podcast hosted by Money Manager and Trading Expert Patrick Munnelly. Through insightful conversations with notable guests, ranging from economic forecasters, to psychologists and experienced traders, we seek to answer the most commonly asked questions around trading and investing. Bright Minds is not just another podcast about trading: it […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0770 is expected, followed by a decline to 1.0575. An additional signal confirming the decline will be a rebound from the upper […]
XAUUSD, “Gold vs US Dollar” Near the support level, Gold has formed a Hammer reversal pattern. The instrument could now go by the reversal signal in an ascending wave. The growth target might be 1965.00. After testing the resistance, the price could rebound from it and continue the downtrend. However, the quotes could drop to […]
TitleBTCUSD H4 | Potential bullish momentum TypeBullish Breakout Preference:Price is approaching the pivot point of 26292.14 and could potentially breakout from here, we could see momentum carry price up to its 1st resistance of 27393.61. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 25810.62. To discuss this trading […]
American stock index S&P500 rebounded from the upper boundary of the range, that is, the resistance level of 4195. Currently, the index is going down, targeting the opposite side of the range. The price of the index is likely to rebound from the supporting level of 4060 and head toward the opposite boundary of the […]
TitleXAUUSD H4 | Falling to support TypeBullish Bounce Preference:Price is approaching the pivot point of 1952.557 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1980.333. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1937.084. To discuss this trading […]
Daily Market Outlook, May 25 , 2023 Asian equities were mainly lower overnight as caution prevailed in the region following Wall Street’s losses. The market sentiment was influenced by concerns over the US debt ceiling and the release of the Federal Open Market Committee (FOMC) Minutes, which revealed a division among officials regarding support for […]
The British pound sterling had fallen further against the US dollar by Wednesday. The current GBPUSD quote is 1.2340. After the UK released rather weak inflation statistics for April, investors stepped up the sale of the pound sterling. Yes, the CPI was below the 10% y/y threshold for the first time in eight months, and […]
The most traded currency pair looks weak on Wednesday. The current quote is 1.0740. The minutes of the last US Federal Reserve meeting held on 2-3 May, which were published yesterday, give signals of the regulator’s readiness to take action if the situation with the US public debt does not stabilise. The Fed is concerned […]
TitleUSDJPY H4 | Bearish Divergence TypeBearish Reversal Preference: Price has just reacted off our pivot point of 139.66 which is a pullack resistance level. A reverse form here, price could fall to 1st support at 138.81 which is an overlap support level. Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]