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 BounceKey Levels:Resistance: 1903.2 Pivot: 1867.7Support: 1829.8Preferred Case:On the H4, with MACD moving in a bullish momentum, we have a bullish bias that price will rise from our pivot at 1867.7 where the horizontal pullback resistance is to our 1st resistance at 1903.2 where the horizontal swing high resistance, 100% fibonacci projection and 50% […]
Market confidence in aggressive tightening of monetary policy by the European Central Bank has increased sharply this week. As early as Thursday, the market expected that the ECB will increase interest rate by 50 bp by the end of this year, however already on Friday, interest rate futures priced that the rate hike will occur […]
Type: Bullish RiseKey Levels:Resistance: 51545Pivot: 51303Support: 51141Preferred Case:Price is moving within the ascending trend channel and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 51303 where the pullback support is to the 1st resistance at 51545 in line with the swing high resistance, 78.6% […]
Type: Bullish RiseKey Levels:Resistance: 4293.75Pivot: 4086.25Support: 3962.5Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 4086.25 in line with the overlap support to the overlap resistance at 4293.75 in line with the 61.8% fibonacci projection.Alternative Scenario:Alternatively, price may reverse […]
Type: Bullish RiseKey Levels:Resistance: 63924Pivot: 62180Support: 60554Preferred Case:On the H1, price is moving above the ichimoku cloud and MACD moving in a bullish momentum which supports our bullish bias that price will rise from the pivot at 62180 where the overlap support is to the 1st resistance at 63956 in line with the 78.6% fibonacci […]
BTC is at a standstill, ETH is plunging, and Gemini is facing a crypto winter. On Friday, the BTC reached stability at $30,443. At the same time, the range of fluctuations on Wednesday and Thursday was quite wide, although the market didn’t have any serious reasons to be active. So, the next strong support is […]
The major currency pair recovered after a 2-day plunge and is currently waiting for the news. EURUSD is stable on Friday; investors are saving strengths in anticipation of the news. The current quote for the instrument is 1.0758. It seems like market players managed to take their minds off global risk aversion. It made the […]
Type: Bullish RiseKey Levels:Resistance: 13561.0 Pivot: 12892.5Support: 12522.25Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 12892.5 in line with the overlap support to the overlap resistance at 13561.0 within the area of the 78.6% fibonacci projection and 50% […]
GBP On Watch Price action in GBPUSD is catching my eye here. The pair has been grinding lower in a well-defined bear channel since the YTD highs. However, the last decline saw strong bullish divergence in momentum studies and price has since traded back up to test the channel top and the resistance level at […]
EURUSD, “Euro vs US Dollar” Having completed the ascending structure at 1.0693 and formed a new consolidation range there, EURUSD has broken it to the upside and may continue the correction up to 1.0763. Later, the market may fall to break 1.0674 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, […]
Brent In the H4 chart, Brent is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to rebound from 6/8 and resume moving upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks the support at […]
The dollar rose after job growth in the United States exceeded expectations. The US dollar edged higher against a basket of currencies on Friday, as a better-than-expected US employment report pointed to a tight labor market, which could lead to interest rate hikes by the Federal Reserve. Nonfarm payrolls increased by 390,000 jobs last month, […]