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” 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 4/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be […]
Type: Bullish RiseKey Levels:Resistance: 0.78315Pivot: 0.77760Support: 0.77475Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken out of descending trendline which supports our bullish bias that price will rise to the pivot at 0.77760 where the swing high resistance and 38.2% fibonacci retracement are. Once we have upside confirmation, we would […]
Type: Bullish RiseKey Levels:Resistance: 22.565Pivot: 21.495Support: 20.840Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise to the pivot at 21.495 where the swing high resistance and 161.8% fibonacci extension are. Once we have upside confirmation, we would expect bullish momentum to carry price to […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area during the correction. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0595. However, […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.0555. Possibly, the pair may form one more ascending structure towards 1.0630. Later, the market may trade downwards to break 1.0550 and then continue falling with the target at 1.0440. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new consolidation range around 1.2250. […]
On rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in part to a drop in liquefied natural gas exports from the shutdown of Freeport LNG’s […]
ASX On The ReboundThe rebound in risk appetite this week is bringing some equities indices into very interesting areas. Following a heavy sell off over much of June in response to the larger-than-expected RBA rate hike, the ASX200 is now trading firmly higher. However, the market is fast approaching a key resistance area between 6753.90 […]
The Turkish Lira is seeing huge volatility today as traders react to the latest intervention from the government. On Friday, the government announced a new loan ban in Turkey which precludes lenders from issuing funding to corporates holding more than 15 million Liras and if the total sum of the loan exceeds 10% of total […]
Early in the week, EURUSD is trying to grow but the prospects are rather questionable. The major currency pair is trying to rise on Monday. The current quote for the instrument is 1.0583. There aren’t too many important statistics on Monday. However, the European Central Bank Governor Christine Lagarde will speak later today. This is […]
The BTC is moderately growing at the beginning of the new week. The leading cryptocurrency is balancing at $21,409. Yesterday buyers were more optimistic, but the level of $21,900 turn out to be firm. While stock market indices are favourable, there are serious chances for the continuation of this timid growth, as long as it […]
Gold prices rose more than 9 dollars, during trading today, Monday, June 27, 2022; News of some Western countries’ plans to formally ban imports of the metal from Russia due to its invasion of Ukraine sparked interest in the precious metal. Four of the wealthy Group of Seven nations moved to ban Russian gold imports […]
Type : Bearish Drop Key Levels:Resistance : 924.7 Pivot: 901.4 Support : 874.9 Preferred Case: On the H1, price is moving below the ichimoku cloud which gives us a bearish bias that prices will drop to the pivot at 901.4 where the 78.6% fibonacci projection and swing low support are. Once there is downside confirmation […]