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, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.0235. However, an alternative scenario implies that […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0180 and breaking it to the downside, EURUSD is expected to continue falling towards 1.0110. Later, the market may start a new correction up to 1.0200 and then resume trading downwards with the target at 1.0090. GBPUSD, “Great Britain Pound vs US Dollar” […]
Type: Bullish RiseKey Levels:Resistance: 21175Pivot: 20650Support: 20135Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise to the pivot at 20650 in line with the swing high resistance and 61.8% fibonacci projection . Once we have upside confirmation that […]
Type: Bullish RiseKey Levels:Resistance: 12261.50Pivot: 11973.00Support: 11745.25Preferred Case:On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 11973.00 in line with the pullback resistance and 78.6% fibonacci retracement . Once we have upside confirmation that […]
The dollar remains close to fresh highs on Thursday, the minor retracement was also reflected in revived modest demand for risk, the key Asian and European markets gain more than 1%. Demand for safe assets came pressure, investors dump long-term bonds of matured economies. Yield on 10-year Treasuries is once again targeting the 3% mark.Commodity […]
Type: Bullish RiseKey Levels:Resistance: 1827.6Pivot: 1752.1Support: 1681.3Preferred Case:On the H4, with price moving above the ichimoku cloud and along the ascending trendline, we have a bullish bias that price will rise to the pivot at 1752.1 in line with the overlap resistance, 61.8% fibonacci projection and 61.8% fibonacci retracement . Once we have upside confirmation […]
EURUSD, “Euro vs US Dollar” After breaking the consolidation range downwards and completing the descending wave at 1.0161, EURUSD is expected to correct up to 1.0270. Later, the market may start a new decline with the short-term target at 1.0100. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the descending waver at 1.1875, GBPUSD […]
USDJPY is preparing a new attack on the highs. The Japanese Yen is slowly falling against the USD. The current quote for the instrument is 136.16. The statistics published by Japan in the morning showed that the Leading Economic Index dropped to 101.4 points in May after being 102.8 points the month before. The Coincident […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the resistance level, USDCAD may reverse in the form of another correctional impulse. In this case, the downside correctional target may be the support area at 1.2980. Later, the market may rebound from […]
Oil prices rose, during trading today, Thursday, July 7, 2022, to regain some of the large losses incurred during the previous two sessions. Investors refocused on limited supplies, in conjunction with continuing fears of a global recession, after inflation in most countries of the world hit record levels. Oil prices today The price of the […]
EURUSD updated its 20-year “bottom” again. The major currency pair remained weak on Thursday. The current quote for the instrument is 1.0186. Investors continue escaping the risks of a recession and it’s already not important how fast the economy will go down. They have already included all their emotions and sentiments in the prices. The […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6820 and then resume moving downwards to reach 0.6575. Another signal in favour of a further downtrend […]