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.
TitleUSDCAD H4 | Potential bounce from support TypeBullish Bounce Preference:Price is approaching our pivot point of 1.35166 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.36455. . Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.34205. To discuss this […]
Metals Under Pressure on Monday The metals market is kicking off the new week in much the same vein as it finished on Friday. Both gold and silver are under pressure across early European trading on Monday as focus remains on fresh Fed tightening expectations ahead of the upcoming May FOMC. The return of hawkish […]
Brent On H4, EURUSD quotes are above the 200-day Moving Average, which reveals the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price could break 2/8 (1.0986) and grow to the resistance at 3/8 (1.1108). The scenario can be canceled by a downward breakout of 1/8 (1.0864), which […]
EURUSD, “Euro vs US Dollar” The stock index has completed yet another correction to 1.0995. Today the market is forming a link of yet another declining wave to 1.0940. If this level breaks, a pathway down to 1.0903 could open, from where the wave has c chance to extend to 1.0888. After it reaches the […]
The BTC on Monday dropped to 27,455 USD. Over the week, the coin has lost 8.21%. Regardless of such a feeble and dull decline, in the medium run, the BTC still has good chances for recovery. An eye should be kept on the support area between 26,500 and 27,000 USD. Active buying might start from […]
XAUUSD, “Gold vs US Dollar” Near the support, gold has formed an Inverted Hammer reversal pattern. Currently, the instrument can go by the reversal pattern in an ascending wave. The target for the growth will be 2015.00. After testing the resistance, the price will have a chance to break it and continue the uptrend. However, […]
The Japanese yen against the US dollar has put its decline on pause but looks unstable. The current quote is 134.13. The block of statistics on Friday came out neutral. The base CCI in March grew 3.1% y/y as expected. Official inflation last month amounted to 3.2% y/y as forecast, while a month before it […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the signal lines of the indicator. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.0965 is expected, followed by growth to 1.1205. A signal confirming the growth will be a rebound from […]
TitleUS30USD H4 | Bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 33644.74 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 34112.12. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 33329.16. To discuss this trading […]
TitleUSDCAD H4 | Potential reverse from 50% Fibo TypeBearish Reversal Preference:Price is nearing our pivot at 1.35579 which is an overlap resistance level that lines up with 50% Fibonacci retracement. A reverse from here price could falling to 1st support at 1.33265 which is swing low support level. Alternative scenario:However, if it breaks above it […]
Daily Market Outlook, April 21, 2023 A mixed bag of earnings Stateside left investors somewhat subdued coupled with soft US data and another round of hawkish Fed rhetoric there was little to inspire risk appetite, Asian equity markets followed suit with most regional bourses trading in the red, the Shanghai Comp is the stand out […]
TitleAUDUSD H4 | Potential reversal TypeBullish Bounce Preference:Price is approaching our pivot point of 0.66791 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.67605. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 0.6623. To discuss this trading idea, head […]