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: 13739.50Pivot: 12956.00Support: 12271.25 Preferred Case:On the H4, with the price moving below the ichimoku cloud and breaking the ascending channel , we have a bearish bias that the price may drop to the pivot at 12956.00 where the overlap support, 100% fibonacci projection and 38.2% fibonacci retracement are. Once there […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is falling within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.1865 and then resume moving downwards to reach 1.1585. Another signal in favour of a further downtrend […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0070. However, an alternative scenario implies that the price may […]
Daily Market Outlook, August 22, 2022 Overnight Headlines US Yield Approaches 3% As Jackson Hole May Cement Hawkish Bets Oil Falls On Concerns Economic Slowdown May Dent Fuel Demand Asia Markets Mixed As Investors Weigh Concerns Over Fed Hikes China Cuts Benchmark Loan Prime Rate To Boost Faltering Economy Hawkesby:RBNZ Wants Rates ‘Comfortably Above Neutral’ […]
The currency pair EUR/USD underwent correction. Now, the asset is going down, targeting the parity of 1.0000. The price of this currency pair is likely to pull from the support and jump. However, it would be wise to follow the price movements of the currency pair next to the level of 1.0000 as it can […]
BNY Mellon EUR holdings data for this week shows shorts in excess of those seen in the post-pandemic days of October 2020 (see chart). Back then, investors were caught offside as such shorts turned sour, with profitability deteriorating thereafter. In fact, profitability patterns show that the market still is quite biased to long USD positions. […]
BTC Drops Again Bitcoin futures are back on the ropes this week with the leading crypto currency having reversed over 15% lower from initial highs on the week. Price has been grinding higher over recent weeks, trading within a corrective bull channel. However, sitting at the bottom of extended declines, the structure can be viewed […]
Kiwi Collapses As we round out another week, we’re coming dangerously close to the end of the summer here in London. However, as the weather starts to cool down, action in the markets is certainly showing no signs of lowering the temperature. It’s been another interesting week across the board, with several key moves to […]
Type: Bearish Drop Key Levels:Resistance: 0.0074305Pivot: 0.0073135Support: 0.0072360 Preferred Case:On the H4, with the price moving below the ichimoku cloud and within the ascending channel , we have a bearish bias that the price may drop from the pivot at 0.0073135 where the overlap support, 78.6% fibonacci retracement and 100% fibonacci projection are to the […]
Type: Bearish Breakout Key Levels:Resistance: 1918.99Pivot: 1789.4Support: 1640.99 Preferred Case:On the H4, with price breaking out of an ascending channel and reversing off the ichimoku resistance, we have a bearish bias that price will drop to the pivot at 1789.4 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are. Once the pivot […]
EURUSD, “Euro vs US Dollar” EURUSD has finished the descending wave at 1.0080; right now, it is consolidating around this level. If later the price breaks the range to the downside, the market may resume falling towards 1.0020; if to the upside – start another correction with the target at 1.0140. GBPUSD, “Great Britain Pound […]
BRENT In the H4 chart, Brent is trading within the “oversold area”. In this case, the price is expected to test 0/8, break it, and then continue moving upwards to reach the resistance at 1/8. However, this scenario may no longer be valid if the asset breaks the support at -1/8 to the downside. After […]