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.
Type: Bearish Drop Key Levels:Resistance: 20695Pivot: 19390Support: 18495 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below an ichimoku indicator, we have a bearish bias that price will drop to pivot at 19390 where the swing low support and 127.2% fibonacci extension are. Should price break pivot structure, we […]
Type: Bullish Rise Key Levels:Resistance: 721’0Pivot: 667’4Support: 641’0 Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 667’4 where the pullback support and 50% fibonacci retracement are. Once there is upside confirmation that price […]
Type: Bearish Drop Key Levels:Resistance: 1.0010Pivot: 0.9929Support: 0.9887 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 0.9929 where the previous swing lows are to the 1st support at 0.9887 where the swing low is. Alternative Scenario:Alternatively, price could break pivot […]
Type: Bearish Drop Key Levels:Resistance: 12999Pivot: 12758Support: 12415 Preferred Case:On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12758 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci […]
Our major starts the first full week of September by a decline. The current quote is 0.9920. The main factor that undermines the EURUSD rate is the development of the energy crisis in Europe. The EU, on its side, is doing everything to avoid fuel supply problems in the upcoming winter season, yet there are […]
• NZDUSD reversed from support zone • Likely to rise to resistance level 0.6140 NZDUSD currency pair ended last week with the Bullish Engulfing, which the pair formed near the key support level 0.6060 (former monthly low from July) standing near the lower daily Bollinger Band. The upward reversal from this support zone stopped the […]
• GBPNZD reversed from support zone • Likely to rise to resistance level 1.9060 GBPNZD currency pair recently reversed up from the support zone located between the long-term support level 1.8800 (previous monthly low from March) intersecting with the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous short-term downward […]
European asset markets started the week with a fresh round of downside trend as Gazprom said gas supplies via Nord Stream 1 pipeline would be suspended indefinitely. The currencies of the European continent expectedly came under pressure and the fiscal aid packages announced by the European governments are unlikely to reverse the bearish trend. The […]
Type: Bullish Rise Key Levels:Resistance: 18.650Pivot: 18.165Support: 17.575 Preferred Case:On the H4, with the price pullback from the support, MACD indicators are showing a golden cross and the price breaking the descending trendline resistance, we may hold a short term bullish bias. If the price can break the pivot at 18.165, which is in line […]
XAUUSD, “Gold vs US Dollar” Near the support level, gold has formed yet another reversal pattern Hammer. Currently, going by the pattern, the pair might end up in an ascending impulse. The goal of growth can be 1720.50. However, the quotes might still fall to 1690.50 and continue the downtrend without testing the resistance level. […]
The BTC is going down smoothly. On Monday, 5 September, it is retreating to 19,854 USD. Over the last two weeks, the BTC has secured inside a flat of 19,500-20,560 USD. To begin some noticeable growth, the crypto needs to secure above 22,000 USD. In all other cases, the main scenario will imply a smooth […]
Metals Sell-Off Pauses – For Now On the back of the sustained selling we’ve seen over recent weeks, the metals market is seeing a more encouraging start as we kick off September. Flows will no doubt be much quieter today with the US and Canada out for the bank holidays there. However, so far so […]