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 PressureKey Levels:Resistance: 4.8270Pivot: 4.7060Support: 4.6830Preferred Case:Price is near pivot level of 4.7060 in line with 61.8% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 4.8120, in line with 138.2% Fibonacci extension and 61.8% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where it is […]
Oil prices fell by about 5% during trading today, Thursday, after news that the United States intends to free up to 180 million barrels of its strategic oil reserves, which is the largest in the history of the strategic oil reserves of nearly 50 years. The significant decline in oil prices comes at a time […]
European equities are under moderate pressure amid signals that the optimism about imminent end of hostilities in Ukraine was premature. There are reports that Russia concentrates main forces for the liberation of Donbass, in turn, the West regards this as a maneuver or a regrouping of troops. The dollar has rebounded from the bottom of […]
Type: Bullish BounceKey Levels:Resistance: 0.6997Pivot: 0.693Support: 0.6878Preferred Case:Price is near to the pivot level of 0.693 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. It can potentially rise towards the 1st resistance level of 0.6997 in line with 100% Fibonacci projection and -27.2% Fibonacci expansion. Our bullish bias is supported by price trading […]
EURUSD, “Euro vs US Dollar” Having finished the ascending wave at 1.1182, EURUSD is expected to form a new descending structure with the first target at 1.1111. After that, the instrument may start another correction towards 1.1140 and then resume trading downwards to reach 1.1010. GBPUSD, “Great Britain Pound vs US Dollar” After completing the […]
USDCHF, “US Dollar vs Swiss Franc” 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 price is expected to break 3/8 and then continue falling to reach the support at 2/8. However, this scenario may be cancelled if the […]
Toronto index set for best monthly gain in five On Thursday, Canada’s commodity-heavy main stock index set a new high and was on track for its best monthly performance in five years, as gold prices rose, lifting precious metal miners. The S&P/TSX composite index of the Toronto Stock Exchange was up 78.12 points, or 0.35 […]
Gold prices increased on Thursday, although the safe-haven metal is poised to post its biggest quarterly gain since September 2020. The war between Russia and Ukraine – which erupted on February 24 last – led to a decline in the appetite for risk and raised the attractiveness of the precious metal. Yesterday, Wednesday, gold prices […]
Type: Bearish ReversalKey Levels:Resistance: 1947.2Pivot: 1938.4Support: 1895Preferred Case:Prices have broken out of our ascending trendline. We see the potential for further bearish continuation from our Pivot at 1938.4 in line with 61.8% Fibonacci retracement towards our 1st support at 1895 in line with 61.8% Fibonacci Projection. Prices are trading below the Ichimoku cloud, further supporting […]
Type: Bullish BounceKey Levels:Resistance: 98.308Pivot: 97.72Support: 97.3Preferred Case:Prices have approached a pivot. We see the potential for a bounce from our Pivot at 97.72 in line with 100% Fibonacci Projection towards our 1st resistance at 98.308 in line with 61.8% Fibonacci Projection. RSI is at levels where bounces previously occurred.Alternative Scenario:Alternatively, prices may dip further […]
• EURUSD reversed from resistance level 1.1140• Likely to fall to support level 1.1000 EURUSD currency pair recently reversed down sharply from the key resistance level 1.1140 (former strong support from January). The resistance area near the resistance level 1.1140 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of […]
USDJPY is falling after updating its 7-year highs. The Japanese yen is recovering against the USD. The current quote for the instrument is 121.99. The Yen suffered serious stress in March and has lost 6% against the “greenback” since the beginning of 2022. Amid global risk aversion, market players chose the USD but right now […]