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.
On Wednesday, EURUSD is growing. The current quote is 1.0770. Today is a big day. This evening, the US Fed will close probably the most unpredictable meeting of recent times. The regulator needs to make a difficult decision: whether it should lift the interest rate by 25 base points and continue fighting with inflation or […]
Title EURUSD H4 | Potential Bearish Reversal TypeBearish Reversal Preference:Price is currently in our pivot area at 1.07666 which lines up with a 50% Fibo retracement which is an overlap resistance, if price were to reverse it could potentially drop to 1st support at 1.06858 Alternative scenario:However, if it breaks above the pivot, it could […]
Title US30 H4 | Potential reversal from a key resistance TypeBearish Reversal Preference:The current price is at our pivot of 32541.53, which is an overlap resistance level just slightly above the 50% Fibonacci retracement. If prices were to reverse, 1st support level at 32310.3 could potentially be tested. Alternative scenario:However, if the price breaks above […]
The BTC stopped at 28,147 USD. Prices for digital assets are growing slowly because the market is saving power for the end of the March meeting of the Fed. The intrigue is whether the Fed will lift the interest rate or not. Investors are ready to attack 29,000 USD, which will open a pathway to […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. As a result, we expect a test of 4/8 (131.25). Then it should break, and the price should fall to the support at 3/8 (129.68). The […]
UK Inflation Jumps in Feb The latest set of UK inflation figures has thrown a spanner in the works for the BOE ahead of tomorrow’s keenly awaited March rates meeting. Traders had been increasingly expectant that the BOE might pause rates this time around, or hike by a smaller .25% and signal a pause thereafter. […]
TitleDXY H4 | Potential reversal TypeBullish Bounce Preference:The price has bounced off from the pivot point at 102.5703, which is slightly above a 61.8% Fibonacci retracement. If the price were to reverse from this level, it could potentially move up towards the 1st resistance at 103.5574, which is a swing high resistance level. Alternative scenario:On […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target of the growth might be 1.3760; next, the price might break it and go on growing. However, the price may pull back to 1.3665 before […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of growth to 1.0787. At the moment, a consolidation range is forming around this level. We expect an escape of the price from the range downwards and further development of the wave to 1.0650. The target is first. After the price reaches this […]
Title XAUUSD H1 | Potential reversal from 23.6% TypeBullish Bounce Preference:The price is nearing our pivot point at 1959, which lines up with a 23.6% Fibonacci retracement level. If the price were to reverse from this level, it could potentially rise towards the 1st resistance level at 1985. Alternative scenario:On the other hand, if price […]
Kiwi Coming Off The New Zealand Dollar has come under heavy selling pressure on Tuesday, despite a broad pickup in risk appetite. The latest data released overnight showed the New Zealand trade surplus narrowing sharply from the prior month, reflecting the negative impact of recent weather emergencies there. Recent cyclones and flooding saw the RBNZ […]
Nike Earnings Up Next Traders are looking to shares in Nike today as the company prepares to release Q3 fiscal year 2023 earnings later today. The stock has been under pressure over recent weeks, correcting around 12% lower from YTD highs. However, ahead other earnings release today Nike shares are trading a little higher suggesting […]