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.
GBPAUD Trend Trading Price action in GBPAUD is looking interesting here. Following the lengthy block of consolidation we saw over recent month, the pair attempted to breakdown below the 1.7218 level last week, but was rebuffed on the initial attempt. However, price is now turning lower once again and, with both MACD and RSI turning […]
Type: Bullish Rise Key Levels:Resistance: 138.35Pivot: 137.05Support: 135.30 Preferred Case:On the H4, with the price moving within the ascending channel and above ichimpku cloud, we have a bullish bias that the price may rise from the pivot at 136.89, which is in line with the overlap resistance to the 1st resistance at 138.29, where the […]
Type: Bullish Bounce Key Levels:Resistance: 34291.52Pivot: 33468.34Support: 32575.27 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from pivot at 33468.34 where the 23.6% fibonacci retracement, 61.8% fibonacci projection and pullback support to 1st resistance at 34291.52 where the swing high resistance is. Alternative […]
EURUSD, “Euro vs US Dollar” Having broken 1.0080, EURUSD continues forming the descending wave towards 0.9980; right now, it is forming the second structure of this wave. Later, the market may grow to return to 1.0080 and test it from below. After that, the instrument may start a new decline with the target at 0.9960. […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is heading towards the “oversold area”. In this case, the price is expected to test 0/8, rebound from it, and then resume growing to reach the resistance at 1/8. Still, this scenario may no longer be valid if the price breaks the support at 0/8 […]
• EUR50 falling inside active correction 4 • Likely to fall to support level 3575.00 EUR50 index recently reversed down from the powerful resistance level 3800.00 (which has been reversing the price from the end of April). The resistance zone near the resistance level 3800.00 was strengthened by the upper daily Bollinger Band and the […]
• EURUSD broke below the parity 1.0000 • Likely to fall to support level 0.9800 EURUSD today broke strongly below the parity 1.0000 (which stopped the previous sharp downward impulse wave 1 from the start of June). The breakout of the parity 1.0000 should accelerate the active short-term downward impulse wave 3. Given the overriding […]
Type: Bullish Rise Key Levels:Resistance: 14239Intermediate Resistance: 13980Pivot: 13661Support: 13350 Preferred Case:On the H4, with price expected to bounce off the stochastic support, we have a bullish bias that price will rise to the pivot at 13661 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would […]
Type: Bullish Rise Key Levels:Resistance: 34247Pivot: 33439Support: 32608 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 from pivot at 33439 where the 23.6% fibonacci retracement , 61.8% fibonacci projection and pullback support are to 1st resistance at […]
Last weekend, the BTC grew somewhat but nothing has changed strategically. On Monday, the leading cryptocurrency rests near $21,444. To recover fully from the decline last Thursday and Friday, the BTC needs to reach above $22,500-$22,800. The resistance level might be on $21,800-$21,900. An important support level is still on $21,000. So, the US stock […]
GBPUSD is falling attacked by the “greenback” and because of the controversial economic outlook. The Pound Sterling remains weak against the USD. The current quote for the instrument is 1.1833. The Pound is highly likely to continue “losing weight” in the near future. No matter what decisions the Bank of England is going to make, […]
Type: Bearish Drop Key Levels:Resistance: 1784.25Pivot: 1743.25Support: 1717.75 Preferred Case:On the H4, with the price moving within the descending channel and below ichimpku cloud, we have a bearish bias that the price may drop from the pivot at 1743.25, which is in line with the swing lows to the 1st support at 1717.75, where the […]