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, “Euro vs US Dollar” Having finished the ascending wave at 1.0200, EURUSD is correcting down to 1.0095. Later, the market may start another growth to reach 1.0230 and then resume moving within the downtrend with the target at 0.9830. GBPUSD, “Great Britain Pound vs US Dollar” After completing the ascending wave at 1.2030, GBPUSD […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading inside the “oversold area”. In this case, the price is expected to break 0/8 and continue growing to reach the resistance at 1/8. However, this scenario may no longer be valid if the price rebounds from 0/8 to the downside. After that, […]
European energy companies are facing many challenges, amid continuing to bleed losses and debts, and searching for ways to finance their businesses, whose costs have increased in light of the rise in oil and gas prices. And energy prices in Europe this year (2022) reached record levels, in the wake of the Russian invasion of […]
Type: Bullish Bounce Key Levels:Resistance: 1.20531Pivot: 1.19335Support: 1.17551 Preferred Case:On the H4, with prices breaking out of the descending channel and RSI moving along an ascending trendline, we have a bullish bias that prices will rise from the pivot at 1.19335 where the 38.2% fibonacci retracement and pullback support are to the 1st resistance at […]
Type: Bearish Reversal Key Levels:Resistance: 1.03532Pivot: 1.0198Support: 0.99541 Preferred Case:On the H4, with price moving within the descending trend channel, we have a bearish bias that price will drop from the pivot at 1.0198 at the swing high in line with the 38.2% fibonacci retracement and 100% fibonacci projection to the 1st support at 0.99541 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the bearish channel’s upside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1905 and then resume moving upwards to reach 1.2240. Another signal in favour […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Inverted Hammer, not far from the support area. At the moment, the asset may reverse in the form of a new rising impulse. In this case, the upside correctional target may be the resistance […]
Credit Agricole – The EUR faced some selling interest last week, predominantly driven by IMM flows. Our FX flow data points at corporates and hedge funds inflows, as well as banks and real money investors outflows. All in all, the EUR is now in oversold territory. n The JPY experienced fresh selling interest last week, […]
Daily Market Outlook, July 19, 2022 Overnight Headlines IBM Shares Slide After Hours After Company Trims Cash Flow Forecast Russia’s Gazprom Tells Europe Gas Flow Halt Is Beyond Its Control Biden Could Declare Climate Emergency As Soon As This Week: WaPo Oil Prices Fall; Gold Subdued As Firmer US Dollar, Yields Dent Appeal Rishi Sunak […]
Type: Bullish Rise Key Levels:Resistance: 1.04505Pivot: 1.03010Support: 1.02000 Preferred Case:On the H4, with price moving in an ascending trendline, we have a bullish bias that price will continue to rise from the entry at 1.03010 in line with the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection to the take profit at 1.04505 at […]
Type: Bullish Momentum Key Levels:Resistance: 0.7798Pivot: 0.7715Support: 0.7657 Preferred Case:On the H4, with price recently breaking the descending trendline and RSI showing a bullish divergence, we have a bullish bias that price will rise from the pivot at 0.7715 at the overlap resistance in line with the 100% fibonacci projection to the 1st resistance at […]
Type: Bullish Rise Key Levels: Resistance: 138.78Pivot: 137.22Support: 136.44 Preferred Case:On the H4, with prices moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise from the pivot at 137.22 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at […]