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: 24320Pivot: 22525Support: 21450 Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 22525 where the pullback support and 38.2% fibonacci retracement are to the 1st resistance at 24320 in line with swing high resistance. Alternative […]
Type: Bearish Momentum Key Levels:Resistance: 118’06’0Pivot: 117’18’5Support: 116’14’0 Preferred Case:On the H4, with price recently breaking the ascending trend channel and moving below the ichimoku cloud , we have a bearish bias that price will continue to drop from the pivot at 117’18’5 at the swing low in line with the 61.8% fibonacci projection and […]
• GBPUSD reversed from resistance area • Likely to fall to support level 1.1800 GBPUSD currency pair recently reversed down from the resistance area lying between the resistance level 1.2030 (which stopped the previous wave (ii), as can be seen below) and the 38.2% Fibonacci correction of the downward impulse from June. The downward reversal […]
Type: Bullish Rise Key Levels:Resistance: 1.04040Pivot: 1.03230Support: 1.02645 Preferred Case:On the H4. with price moving above the ichimoku cloud, and moving in an ascending trend channel and trendline, we have a bullish bias that price will continue to rise from the pivot at 1.03230 at the overlap support in line with then 38.2% fibonacci retracement […]
Type: Bullish Rise Key Levels:Resistance: 31852Pivot: 30821Support: 30405 Preferred Case:On the H4, with price moving in an ascending trend channel and ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 31913 at the pullback support in line with the 61.8% and 78.6% fibonacci […]
• Dow Jones reversed from resistance area • Likely to fall to support level 31000.00 Dow Jones index recently reversed down from the resistance area lying between the key resistance level 31845.00 (top of wave A from June), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from May. The downward […]
• CADJPY reversed from resistance area • Likely to fall to support level 106.00 CADJPY currency pair recently reversed down from the resistance area lying between the resistance level 107.25 (previous monthly high from June) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous multi-impulse sequence made out […]
EURUSD, “Euro vs US Dollar” Having finished the descending wave at 1.0155, EURUSD is correcting up to 1.0222. After that, the instrument may fall to break 1.0140 and then continue moving within the downtrend with the short-term target at 1.0064. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the descending wave at 1.1953 […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, having rebounded from the support at 3/8, USDCHF is consolidating. In this case, the pair is expected to grow towards the resistance at 5/8. However, this scenario may be cancelled if the price breaks 3/8 to the downside. After that, the […]
Today, Thursday, July 21 (2022), Russian gas began flowing again to Europe as soon as maintenance operations were completed on Nord Stream 1 after an interruption of about 10 days. According to the data, Russia resumed pumping gas through the Nord Stream 1 pipeline early in the morning of Thursday, July 21 (2022), and this […]
Type: Bullish Rise Key Levels:Resistance: 871.0Pivot: 832.1Support: 806.9 Preferred Case:On the H4, with RSI moving along an ascending trendline and price breaking out of a descending channel , we have a bullish bias that price will rise from the pivot at 832.1 where the pullback support and 61.8% fibonacci retracement are to the 1st resistance […]
Type: Bullish Rise Key Levels:Resistance: 0.69555Pivot: 0.68620Support: 0.68100 Preferred Case:On the H4, with prices moving above the ichimoku indicator and breaking out of the descending channel , we have a bullish bias that price will rise from the pivot at 0.68620 where the overlap support is to the 1st resistance in line with swing high […]