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.
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.2845. However, an alternative scenario implies that the asset […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0886, EURUSD is correcting towards 1.0963. Later, the market may form a new descending structure to reach 1.0793 and then resume growing with the target at 1.1040. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still consolidating below 1.3113. Possibly, today the […]
Type: Bullish ContinuationKey Levels:Resistance: 163’18Pivot: 159’16Support: 157’24Preferred Case:With price moving above the Ichimoku cloud, we have a bias that price will rise from our pivot of 156’00 in line with the 100% Fibonacci projection to our 1st resistance of 159’27 which is also the graphical swing high resistance. Alternative Scenario:Price may dip to the support […]
Type: Bullish BounceKey Levels:Resistance: 1751’4Pivot: 1639’6Support: 1581’4Preferred Case:With price moving above the Ichimoku cloud, we see the potential for a bounce from our Pivot at 1694’2 in line with 38.2% Fibonacci retracement towards our 1st resistance at 1757’4 in line with horizontal swing high resistance. Alternative Scenario:Alternatively, price can potentially dip towards our 1st support […]
EURUSD has been correcting and moving away from the local lows for the second consecutive trading session. The major currency pair continues recovering after plunging earlier this week. The current quote for the instrument is 1.0969. A plunge in EURUSD was the result of investors’ demand for “safe haven” assets, the situation which is very […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9284; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.9255 and then resume moving upwards to reach 0.9370. Another signal in favour of a further uptrend will be […]
CIBCFX FlowsRBA Governor Lowe spoke at the AFR Business Summit, indicated that it is plausible for cash rate to be raised later this year but RBA has the time to wait and see before acting. AUD$ barely moved, traded narrow range. Even slight risk-on sentiment didn’t do much. We think that there are still ongoing […]
Type: Bearish ReversalKey Levels:Resistance: 20.15Pivot: 19.78Support: 19.01Preferred Case:We see the potential for bearish reversal from our Pivot at 18.78 in line 161.8% Fibonacci extension towards our 1st resistance at 20.15 with a graphical swing high. Our bullish bias is further supported by stochastic indicator whereby prices are at resistance level.Alternative Scenario: If prices were to […]
• Dow Jones reversed from support area• Likely to rise to resistance level 34000.00 Dow Jones index recently reversed up from the support zone set between the strong support level 32325.00 (which has been reversing the price from the start of 2021), 61.8% Fibonacci correction of the upward impulse from lasy year and the lower […]
• CHFJPY reversed from support area• Likely to rise to resistance level 125.70 CHFJPY currency pair recently reversed up from the support area located between the key support level 124.00 (which has been reversing the price from the start of February) and the lower daily Bollinger Band. The upward reversal from this support area stopped […]
The BTC is actively rising on Wednesday; it is trading at $41,780 and has added 8% over the last 24 hours. The BTC capitalisation is recovering, it is now $789 billion. So, the risks of dropping to $34,000 are not so high and it’s good news. One should continue monitoring the support area at $33,500. […]
USDJPY is keeping its positive momentum and not going to stop yet. The Japanese Yen continues “losing weight” against the USD. The current quote for the instrument is 115.82. The revised Japanese GDP in the fourth quarter of 2021 was an unpleasant surprise: the country’s economy added only 4.6% q/q against the preliminary reading of […]