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.
EURUSD, “Euro vs US Dollar” EURUSD is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0950 is expected, followed by growth to 1.1165. An additional signal confirming the growth will be a rebound from the lower […]
EURUSD, “Euro vs US Dollar” On H4, near the support, the pair has formed a Hammer reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The target for the growth will be 1.1060. However, the price may still correct to 1.0950 and continue the uptrend after testing the support. […]
Daily Market Outlook, April 27, 2023 Banking sector concerns are once again clouding the risk landscape as Wall Street witnessed a late day sell off as investors were reluctant to hold meaningful risk exposure given the pressure on regional banks, however, as was the case the day before an overnight bid has developed driven by […]
Microsoft Shares Spike Shares in Microsoft are trading sharply higher ahead of the open today after the company reported a bumper set of Q1 earnings yesterday. The results, which came in after a session of losses, saw the company posting Q1 EPS of $2.45, vs $2.23 expected, on revenues of $52.857 billion vs $51.019 billion […]
EURUSD, “Euro vs US Dollar” EURUSD completed a structure of a declining wave to 1.1000. At a certain point, the market formed a consolidation range around this level and, breaking it downwards, extended the range to 1.0963. A correction to 1.1000 (a test from below) looks possible today. Next, a decline to 1.0950 could follow. […]
Risk Aversion Hits Aussie The Aussie Dollar has come under heavy selling pressure today, with the pair now down almost 3% from the April highs. Part of the driver behind the move is the broad risk aversion we’re seeing in market currently on the back of sliding stock prices yesterday. Weaker-than-expected US data has heightened […]
Daily Market Outlook, April 26, 2023 Asian equity markets are clinging to modest gains, this is following a less than inspirational handover from Wall Street as US investors hit the sell button into the close as banking contagion concerns resurfaced, as First Republic Bank shed another 50% of its already decimated share price as the […]
TitleES1! H4 | Bullish bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 4135.23 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 4197.98. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 4099.31. To discuss this […]
Equities Softer Amidst Hawkish Central Bank Expectations Global equities benchmarks have seen a mixed start to the week with most indices trading a little in the red across the European open on Tuesday. On the back of the upside momentum we’ve seen across asset markets in recent weeks, stocks have lost a little steam recently […]
TitleDXY H4 | Potential reversal from pivot TypeBearish Reversal Preference:Price is approaching our pivot point of 101.1265 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.3196. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 101.6778. To discuss this trading […]
TitleEURUSD H4 | Bullish reversal from38.2% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 1.09802 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.10736. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.09242.. To discuss this trading […]
EURUSD, “Euro vs US Dollar” The currency pair formed a consolidation range around 1.1015, escaped it upwards, and reached the local target at 1.1065. Then a link of decline to 1.1015 is expected (a test from above). Then a new structure of growth to 1.1095 could follow, from where the wave could continue to 1.1120. […]