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: Bearish MomentumKey Levels:Resistance: 786’4Pivot: 769’4Support: 735’6Preferred Case:On the H4, price is moving below the ichimoku cloud and within the descending trend channel which supports bearish bias that price will drop from our pivot at 769’4 in line with the 61.8% fibonacci projection , horizontal pullback support and 50.0% fibonacci retracement , to the support […]
Type: Bullish MomentKey Levels:Resistance: 62941Pivot: 62243Support: 61634Preferred Case:With the MACD having a bullish momentum and prices moving above the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 62243 in line with pullback support to our 1st resistance at 62941 where the 78.6% fibonacci projection , 78.6% fibonacci […]
• Exxon Mobil broke the resistance zone• Likely to rise to resistance level 100.00 Exxon Mobil recently broke the resistance zone lying at the intersection of the resistance level 95.00 and the resistance trendline of the daily up channel from the middle of March. The breakout of this resistance zone continues the active minor impulse […]
• CADJPY reversed from support zone• Likely to rise to resistance level 101.00 CADJPY earlier reversed up from the combined support zone located between the support level 98.45, lower daily Bollinger Band and the upper trendline of the recently broken weekly up channel from last year, The upward reversal from this support zone started the […]
The BTC continues its slow decline. On Friday, the major cryptocurrency is consolidating at $28,872 and that’s not good. First of all, the asset has broken the area between $29,000-$30,000, which means that bears may continue pushing it down to $20,000. The closest support is at $28,650, and if bears break it, they may test […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is rebounding from the bearish channel’s downside border. 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 at 1.2815 and then resume moving downwards to reach 1.2585. Another signal in favour of […]
Type: Bearish ContinuationKey Levels:Resistance: 1170’2Pivot: 1159’0Support: 1121’4Preferred Case:With RSI moving in a downtrend momentum and price reversing off the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 1121’4 in line with the 78.6% fibonacci projection and horizontal overlap support from our pivot at 1159’0 in line […]
Type: Bullish MomentumKey Levels:Resistance: 62941Pivot: 62243Support: 61634Preferred Case:On the H4, price is moving above the ichimoku cloud and within the ascending trendline which supports bullish bias that price will rise from our pivot at 26610 in line with the 38.2% fibonacci retracement to the resistance at 27740 in line with the 78.6% fibonacci retracement and […]
Type: Bullish MomentumKey Levels:Resistance: 1.07570Pivot: 1.06715Support: 1.06155Preferred Case:With the MACD having a bullish momentum and prices breaking the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 1.06715 in line with overlap support to our 1st resistance at 1.07570 where the 61.8% fibonacci projection and swing high resistance […]
Type: Bullish RiseKey Levels:Resistance: 8840Pivot: 8529Support: 82712nd support: 7791Preferred 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 8529 at the overlap resistance and is in line with the 23.6% fibonacci retracement and the 61.8% fibonacci […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. However, this […]
Type: Bearish MomentumKey Levels:Resistance: 773.7Pivot: 765.75Support: 755.45Preferred Case:Price has broken the ascending trendline and is moving below the ichimoku cloud, which supports our bearish bias that price will drop our pivot at 765.75 in line with the 38.2% fibonacci retracement to the support at 755.45 in line with the 50% fibonacci retracement.Alternative Scenario:Alternatively, price may […]