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.
• EURUSD reversed from resistance level 1.0370 • Likely to fall to support level 1.0100 EURUSD currency pair recently reversed down from the resistance level 1.0370 (former monthly low from May and June) standing near the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from June. The downward reversal from […]
Type: Bearish Drop Key Levels:Resistance: 1.2195Pivot: 1.2076Support: 1.1980 Preferred Case:On the H4, as the DIF is crossing below the signal line and MACD histograms are below zero, we have a bearish bias that price may drop from the pivot at 1.2076 where the overlap support, 38.2% fibonacci retracement and 78.6% fibonacci projection are to the […]
Type: Bearish Drop Key Levels: Resistance: 9.276Pivot: 8.456Support: 7.557 Preferred Case:On the H4, as the DIF is crossing the signal line and MACD histograms are shrinking above zero, we have a bearish bias that price may drop from the pivot at 8.456 where the 61.8% fibonacci retracement is to the 1st support at 7.557, which […]
Something special has happened in the crypto market: the BTC has attacked $25,000 for the first time since June. On the whole, the leading cryptocurrency grew by almost 5% over last week. Please, notice the geopolitical risks, namely – the news about a new American delegation heading for Taiwan. China reacted by calling this visit […]
EURUSD retreated; investors see the events unfold. The major currency pair is looking rather calm on Monday – market players are waiting for new catalysts. The current quote for the instrument is 1.0230. Last Friday’s preliminary data on the Consumer Sentiment from the University of Michigan showed 55.1 points in August after being 51.5 points […]
BNY Mellon Inflation Peaks, But Fed Stays Hawkish Last week delivered encouraging news on the US inflation front. Data across a range of inflation and related indicators suggest pressure is easing somewhat, even if the actual level of inflation remains near multi-decade highs. Risk assets rallied impressively in response. Pricing in the forward rates market […]
Daily Market Outlook, August 15, 2022 Overnight Headlines Bitcoin Falls As 140K BTC Have Been Released To MTGox Customers Oil Prices Ease As Saudi Aramco Ready To Boost Crude Output Asia Equity Markets Mixed As China Cuts Rates, Data Disappoints Dems Send Landmark Climate, Tax And Health Care Bill To Biden US Lawmakers Arrive In […]
Type: Bullish Breakout Key Levels:Resistance: 27155.57Pivot: 24690.67Support: 22394.6 Preferred Case:On the H4, with price moving within a bullish channel as well as above the ichimoku indicator and RSI moving along an ascending trendline, we have a bullish bias that price will rise to our pivot at 24690.67 where the pullback resistance, 50% fibonacci retracement and […]
Type: Bullish Rise Key Levels:Resistance: 60722Pivot: 59114Support: 57196 Preferred Case:On the H4, with price moving above the ichimoku indicator and moving along an ascending trendline, we have a bullish bias that price may rise from our pivot at 59114, where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, […]
Type: Bullish Rise Key Levels:Resistance: 341. 40 Pivot: 330.20 Support: 317.70 Preferred Case:On the H4, with price moving within a bullish channel as well as above the ichimoku indicator, we have a bullish bias that price may rise to our pivot at 330.20, where the overlap resistance is. Once there is upside confirmation that price […]
BRENT In the H4 chart, after breaking 0/8, Brent is no longer trading within the “oversold area”. In this case, the price is expected to 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 0/8 to the downside. After that, […]
• USDJPY reversed from support level 131.40 • Likely to rise to resistance level 135.33 USDJPY recently reversed up from the key support level 131.40 (former monthly high from May, which has been reversing the pair after it was broken in June). The upward reversal from the support level 131.40 created the daily Hammer, which […]