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.
Daily Market Outlook, November 29, 2022 ‘Bullard Breakdown Reverses On Improved China Sentiment…’ Global equity markets were once again rocked by Fed official comments that underpinned a hawkish view, with members supporting the higher for longer rate path, however, markets have stabilised overnight with the majority of Asian equity markets trading higher this morning, the […]
Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support line. The quotes are expected to rise above 7/8 (0.6713) and then reach the resistance level of 8/8 (0.6835). The scenario can be cancelled by […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal in an ascending wave. The goal of the growth may be 1.0540. However, the price may pull back to 1.0320, bounce off it, and continue the uptrend after […]
The intensifying yield curve inversion in the US (when short-dated bonds are cheaper than long-dated ones) and WTI price below critical $80 support level tell us that markets are becoming more worried about global demand prospects. The risks of an economic downturn in China due to restrictive Covid measures also affect investor sentiment, adding pressure […]
Technical & Trade View EURUSD Trade View Bias: Bullish Above Bearish below 1.0390 Technicals Primary support is 1.0390 Primary upside objective is 1.0620 Next pattern confirmation, acceptance above 1.0485 Failure below 1.03 opens a test of 1.0220 20 Day VWAP bullish, 5 Day VWAP bullish Today’s New York Cut Option Expiries: 1.0240-50 (2.4BN), 1.0250 (2.0BN), […]
EURUSD, “Euro vs US Dollar” The currency pair continues forming a consolidation range around 1.0333. At the moment, the market has extended the range to 1.0496. Today the market has completed an impulse back to 1.0333 and is now forming a correction to 1.0411. With an escape from the range downwards a pathway down to […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0345 is expected, followed by growth to 1.0745. An additional signal confirming the growth will be a bounce […]
Type: Bullish Rise Key Levels:Resistance:2506Pivot:2422Support:2280 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing back above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line […]
Metals Under Pressure on Monday The metals market is seeing a rather lacklustre open to the week with both gold and silver under selling pressure across early European trading on Monday. A fresh uptick in the US Dollar is having a subduing impact on price action currently with the greenback drawing safe haven demand from […]
Crypto is gloomy but there are exceptions. Cryptocurrencies start the week in grave moods: the whole digital asset market is under sales. The BTC is crawling to 16,198 USD. Anyway, the general situation hardly changes, remaining negative. The main trouble of the crypto market is the trust issues. They became obvious after the crash of […]
Type: Bullish Continuation Key Levels:Resistance: 1.05090Pivot:1.01315Support:1.03600 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.05090 where […]