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.
AUDJPY Takes The PlungeIt’s been another weird and wonderful week in financial markets. We’ve see all kinds of action plenty of interesting developments with crypto markets crashing, the Dollar soaring and the Fed confirming plans to hike by further .5% increments in coming weeks. In terms of picking the best market action to cover, in […]
• AUDCHF reversed from support area• Likely to rise to resistance level 0.7000 AUDCHF currency pair recently reversed up from the support area located between the key support level 0.6835 (which has been reversing the pair from the start of March), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing Tenkan-Sen and Kijun-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 1.2245 and then resume moving downwards to reach 1.2035 Another signal in favour of a […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0470. However, an alternative scenario implies […]
Gold prices fell, during trading today, Friday, May 14, 2022, and remained near their lowest level in 3 months, with the dollar rising and recording its highest level in two decades. The rise in the US currency weakened the demand for bullion priced in dollars, as the yellow metal is heading to record its fourth […]
Type: Bullish BounceKey Levels:Resistance: 801’6Pivot: 791’4Support: 783’0Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal pullback resistance from our pivot of 791’4 in line with the 38.2% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may break […]
Type: Bullish BounceKey Levels:Resistance: 1634’2Pivot: 1611’0Support: 1591’2Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611’0 in line with the 50% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may […]
• American Express reversed from key support zone• Likely to rise to resistance level 165.00 American Express recently reversed up from the key support zone lying between the support levels 155.00 and 150.00 (multi-month low from December). This support zone was further strengthened by the lower daily Bollinger Band. American Express can be expected to […]
• CADCHF broke resistance level 0.7700• Likely to rise to resistance level 0.7800 CADCHF currency pair rising steadily after the price broke above the resistance level 0.7700 (which stopped the previous minor impulse wave (i) at the start of this month). The breakout of the resistance level 0.7700 coincided with the breakout of the daily […]
It seems like the worst expectations for the BTC are coming true. Yesterday, the major crypto asset dropped to $25,401. Right now, it is trading around $30,629. The technical picture remains the same: the asset may plummet to $20,000 unless it is able to fix between $29,000 and $30,000. The next bearish target is at […]
EURUSD keeps hitting one new bottom after another. The major currency pair remains weak. The current quote for the instrument is 1.0378. So, yesterday EURUSD hit another bottom, this time at 1.0352. The asset is getting closer to parity and this might be the factor that boosts its decline. Market players are still trying […]
Mizuho Warns Over Russia-Ukraine ImpactShares in Japan’s third-largest lender, Mizuho, are sitting on major support today following the release of Q1 earnings yesterday. The group noted a 56% drop in net-profits which fell back to 51.4 billion yen. The group cited major downside risks from Russia-Ukraine violence as the main driver behind the dip in […]