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 DipKey Levels:Resistance: 2583Pivot: 2548Support: 2492Preferred Case:We see the potential for bullish continuation from our Pivot level at 2548 in line 38.2% Fibonacci retracement towards our 1st Support at 2492 in line 61.8% Fibonacci retracement. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:If price continues to go […]
ETH Triangle TradeIt’s been a frustrating time for crypto bulls recently. The current “crypto winter” as its been called has seen major digital coins, such as Ethereum, shedding value over the year so far. Recently, however, the downturn has paused and price action has settled into ranging activity. ETH has been trading within a broad […]
NZDCHF Breaking OutThe recent rally in NZDCHF is starting to gather pace now. The move above the .6232 base has seen price blowing through .6387, currently stalled at the .6466 level. With the retail market more than 80% short the pair, there is plenty of room for the current rally to continue. Look for the […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer pattern not far from the support level. At the moment, the asset is reversing in the form a new ascending impulse. In this case, the upside target may be the resistance area at 1975.50. At the same […]
Type: Bearish ReversalKey Levels:Resistance: 0.69807Pivot: 0.69255Support: 0.68086Preferred Case:On the H4, price is expected to drop closer to the ascending trendline. Price is near 1st resistance level of 0.69255 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Price can move towards the 1st support level of 0.68086 which is in line with 61.8% Fibonacci […]
Type: Bullish BounceKey Levels:Resistance: 0.94273Pivot: 0.92957Support: 0.92569Preferred Case:On the H4, with price expected to bounce off the support of the stochastics indicator, Ichimoku cloud and the support of a potential ascending channel , we have a bias that price will rise to our 1st resistance at 0.94273 in line with the 78.6% Fibonacci retracement from […]
• Brent crude oil reversed from key support level 95.00• Likely to rise to resistance level 115.00 Brent crude oil recently reversed up with the daily Morning Star from the key support level 95.00 intersecting with the support trendline from December and the 61.8% Fibonacci correction of the sharp upward impulse from December . The […]
• CHFJPY broke key resistance level 127.00• Likely to rise to resistance level 129.00 CHFJPY continues to rise after the earlier breakout of the key resistance level 127.00 (previous monthly top from January) The breakout of the resistance level 127.00 accelerated the active short-term impulse wave (iii) of wave (3) from last month. CHFJPY can […]
BTC is slightly declining. Some say that the coin will remain in the range. The borders of the channel are $34,000-$42,000, but the buyers can easily proceed to $45,500. This level needs to be broken if they want to reach $46,000. If they succeed, the market may expect a stable uptrend to $52,000. If they […]
AUDUSD is falling amid global risk aversion. The Australian Dollar is falling against the USD early in the week. The current quote for the instrument is 0.7389. AUDUSD moved away from its 2-week highs amid global risk aversion in financial markets. Risk is now the major trigger on all exchanges. In the meantime, Australian authorities […]
Daily Market Outlook, March 21, 2022 Overnight Headlines White House: US Pres Biden To Visit Poland On Europe Trip This Week China Keeps Benchmark Lending Rates Unchanged, As Expected NZIER Forecasts Show A Mixed Growth Outlook Amidst Higher Inflation New Zealand Posts Monthly Trade Deficit Of NZ$-385Mln In February Hong Kong Eases Travel Curbs That […]