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: 1.2181Pivot: 1.2061Support: 1.1955 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 1.2061 where the pullback support is to the 1st resistance at 1.2181 where the overlap resistance, 61.8% fibonacci […]
Type: Bearish Momentum Key Levels:Resistance: 4091.00Pivot: 3998.25Support: 3738.00 Preferred Case:On the H4, with price moving in a descending trendline and RSI also showing a descending trendline, we have a bearish bias that price will continue to drop from the pivot at 3998.25 at the swing high in line with the 61.8% fibonacci retracement to the […]
Safety plays prevail in FX, equity and bond markets on Tuesday, as evidenced by lower prices for risk assets, a strengthening USD and increased demand for long-term bonds. Reports about Russia gas flows to the EU are becoming almost the only driver of short-term sentiment for the Euro and the British pound, overshadowing even the […]
Type: Bearish Momentum Key Levels:Resistance: 1738.4Pivot: 1721.1Support: 1679.3 Preferred Case:On the H4, with price moving within a descending channel and RSI moving in a descending trendline, we have a bearish bias that price will drop from pivot at 1721.1 where the pullback resistance is to 1st support at 1679.3 in line with 100% fibonacci projection […]
The Fed week is unlikely to be as turbulent as the last week which featured the ECB meeting as the risk of surprising policy decisions at Wednesday meeting appears to be low. Chances of a “super-aggressive” 100bp rate hike decline as incoming data for July point to both increased preconditions for a slowdown in headline […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0200. Possibly, the pair may expand the range up to 1.0260. However, according to the main scenario, the instrument is expected to break the range to the downside and start another decline to reach 1.0140. If later the price breaks this level as well, the […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to break 1/8 and continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the […]
Type: Bullish Breakout Key Levels:Resistance: 0.70635Pivot: 0.69923Support: 0.68946 Preferred Case:On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise to the pivot at 0.69923 at the overlap resistance in line with the […]
Type: Bearish Breakout Key Levels:Resistance: 1738.4Pivot: 1721.1 Support: 1679.3 Preferred Case:On the H4, with price moving within a descending channel and RSI moving in a descending trendline, we have a bearish bias that price will drop from pivot at 1721.1 where the pullback resistance is to 1st support at 1679.3 in line with 100% fibonacci […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area, the asset is moving sideways. At the moment, EURUSD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.0110. However, an […]
EURUSD, “Euro vs US Dollar” EURUSD 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 1.0205 and then resume moving upwards to reach 1.0505. Another signal in favour of a further uptrend will be a rebound from […]
Societe Generale Focus switches to the US, even if there’s a very strong consensus about what the FOMC will decide on Wednesday. After a week in which the market was more focused on the ECB, Italy and natural gas flows from Russian to Germany, than anything happening elsewhere, attention switches back to the US – […]