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: Bullish Rise Key Levels:Resistance: 1508’4Pivot: 1400’4Support: Preferred Case:On the H4, with prices moving above the ichimoku indicator and broken out of the descending trendline , we have a bullish bias that price will rise from the pivot at 1438’6 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 1508’4 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.2115 and then resume moving upwards to reach 1.2465. Another signal in favour of a further uptrend will be a […]
GBPUSD is keeping the positive momentum gained earlier. The Pound Sterling continues to rise against the USD. The current quote for the instrument is 1.2235. The statistics published yesterday showed that Manufacturing PMI in the United Kingdom dropped to 52.1 points in July against the expected reading of 52.2 points. The indicator is slowing down […]
Type: Bullish Rise Key Levels:Resistance: 22.580Pivot: 20.475Support: 18.225 Preferred Case:On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.475 where the swing low and 50% fibonacci retracement are to the 1st resistance at 22.580 where the overlap resistance is. […]
Type: Bullish Rise Key Levels:Resistance: 1.06965Pivot: 1.05910Support: 1.04780 Preferred Case:On the H4, with prices moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise to the pivot at 1.05910 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of […]
Type: Bullish Rise Key Levels:Resistance: 1.04665Pivot: 1.03120Support: 1.00260 Preferred Case:On the H4, with prices breaking the descending channel , we have a bullish bias that price will rise from the pivot at 1.03120 where the 38.2% fibonacci retracement is to the 1st resistance at 1.04665 where the overlap support is. Alternative Scenario:Alternatively, price could break […]
Type: Bullish Rise Key Levels:Resistance: 0.007784Pivot: 0.007629Support: 0.007490 Preferred Case:On the H4, with prices moving above the ichimoku indicator and broken out of the descending channel , we have a bullish bias that price will rise to the pivot at 0.007629 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0207. Possibly, today the pair may grow towards 1.0275 and then resume trading downwards with the target at 1.0117, or even extend this structure down to 1.0077. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.2167. Possibly, the pair may move upwards […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after reaching the short-term downside target at 0.9964, EURUSD has completed the ascending impulse along with the correction; right now, it is forming one more ascending structure towards 1.0360 and may later consolidate there. If the price breaks the range to the […]
A month ago, we wrote that the crypto market was panicking. Over the time that passed, the crypto sector has somewhat gained balance: buyers did not have enough power to regain control but balanced out quite easily. On Monday, the BTC is near $23,303. The past week and month ended up with growth: over July, […]
Bitcoin has already tested the flag. The asset currently remains at the broken level of 23,500. Bitcoin is likely to hit the level of 25,500 next. Oil hasn’t managed to form the reversal pattern, pulling back from the resistance level of 107.50. The asset has dropped to the level of 100. Oil is likely to […]