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.
The BTC is doing a good job. On Friday, it returned above 17,200 USD, resting now at 17,215 USD. The price range remains excessively narrow. However, the fact that the buyers had enough strength to return above the intermediate resistance level, opens a pathway to 18,500 USD. This way will be long, if it ever […]
Type: Bullish Rise Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bullish due to the current price approaching to cross above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to possibly head up towards the resistance at 4173.25, […]
Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance level at 1508.75, where the previous swing high is. […]
On Friday, the market major looks vigorous. The current quote is 1.0580. The market is discussing a possible increase in the European interest rate by 75 base points. Leading investors are now making lots of forecasts concerning this issue. We must admit, expectations are rather carnivorous. This supports the EUR. The statistics on the unemployment […]
Daily Market Outlook, December 9, 2022 Wall Street Rebounds Ahead of US Producer Prices Data Wall Street broke a week-long losing streak at the close of New York trading, and Asian equity markets followed suit erasing losses on the week, while investor sentiment remains somewhat shaky, markets have been buoyed by a belief that inflationary […]
UK Govt To Reverse 2008 Banking Reforms In a clear sign that the UK government is agonising over the loss of London’s status as the financial capital of Europe, cabinet today announced a new package of reforms aimed at boosting growth in the financial sector. The package of 30 measures, named ‘The Edinburgh Reforms’ essentially […]
BRENT On H4, the quotes of Brent oil are below the 200-day Moving Average, which indicates the prevalence of a downtrend. However, the RSI is already in the oversold area. A test of 0/8 (75.00) should be expected, followed by a bounce off it and growth to the resistance level of 2/8 (81.25). The scenario […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the currency pair has formed an Inverted Hammer reversal pattern. The pair may now go by the pattern in an ascending wave. The goal of the growth will be 1.3700; later the price may break through it and extend the uptrend. However, a […]
Oil Slumps As something of a topsy-turvy week comes to a close in financial markets, traders are of course looking ahead to next week. The December FOMC meeting is drawing evermore attention and with the BOE and ECB also on deck, it promises to be a big week for markets. Ahead of those events, however, […]
Risk assets rallied after US jobless claims data pointed to decreasing strength of the US labor market. Labor market imbalances are now the key driver of inflation (through the impact of wages on consumer demand), which implies higher-than-usual sensitivity of investors to the data releases like Unemployment Claims, NFP and JOLTS reports. Continuing jobless claims […]
EURUSD, “Euro vs US Dollar” The currency pair got support at 1.0490 and performed a wave of growth to 1.0555. Today the market is forming a consolidation range around this level. With an escape upwards, a pathway to 1.0615 will open. With an escape downwards, a link of correction to 1.0490 is not excluded, followed […]
EURUSD, “Euro vs US Dollar” The pair is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0485 is expected, followed by growth to 1.0805. An additional signal confirming the growth will be a bounce off the lower […]