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.
EURJPY Rebounding Quickly EURJPY is seeing a strong rebound this week with price having rallied off the 125.13 lows back up to around 127.03 currently. With no sign of the violence in Ukraine having intensified in the last 48 hours, including reports that the Russian assault has run into difficulties, we are seeing a clear […]
EUR Rebounding On Fiscal HopesWe’re seeing a more buoyant tone in EU markets today as investors react to news that EU leaders are preparing a joint fiscal response in reaction to the soaring energy prices caused by the war in Ukraine. The EU is reportedly weighing up options, including a huge issuance of joint debt […]
Equities Attempting To Rebound Following Heavy LossesWhileequities markets continue to walk the tightrope of news flow stemming from theUkraine crisis, risk sentiment appears to be rebounding somewhat over theEuropean open on Tuesday. Following heavy sales over last week, most indices areseeing better demand this week as traders buy into these current lows.Thekey driver, of course, […]
Type: Bullish BounceKey Levels:Resistance: 19.47Pivot: 18.97Support: 18.61Preferred Case:We see the potential for bullish bounce from our Pivot at 18.97 in line 38.20% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 19.47 in line with 127.20% Fibonacci extension. Our bullish bias is further supported by prices trading above Ichimoku cloud indicatorAlternative Scenario: If […]
Oil prices raised their gains by more than 4% in Tuesday’s trading, with Brent crude rising above $129, amid fears of official sanctions on Russian oil and fuel exports, raising concerns about the availability of supplies. On Monday, oil prices ended more than 4% higher, trimming their gains after touching the highest level since July […]
Spotify Shares Continue LowerSpotify shares are trading lower once again this week with prices now at their lowest level since the beginning of the pandemic in Q1 2020. The company has been mired with negative press over the last 6 – 12 months. Firstly, there was investor disgust over news that Spotify founder and owner […]
Nickel Rally Sparks Emergency MeasuresTheLondon Metals Exchange has today introduced emergency measures to halt the tradingof Nickel. The LME took the action in response to the dramatic rally in priceswhich has seen the futures market soaring to record highs of over $100,000 pertonne, with price having doubled in the last 24 hours.Fearsof a supply shortage […]
• EURCAD reversed from support area• Likely to rise to resistance level 1.41 EURCAD recently reversed up sharply from the support area located between the key support level 1.3800, weekly down channel from 2021 and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer. […]
Type: Bullish BounceKey Levels:Resistance: 1762’6Pivot: 1661’4Support: 1632’2Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1661’4 in line with 50% Fibonacci retracement towards our 1st resistance at 1762’6 in line with 100% Fibonacci retracement and 78.6% Fibonacci extension. Our bullish […]
Type: Bullish BounceKey LevelsResistance: 0.008741Pivot: 0.00868Support: 0.008658Preferred Case:Prices are consolidating horizontally and are close to our Pivot . We see the potential for further upside from our Pivot at 0.00868 in line 61.8% Fibonacci retracement towards our 1st resistance at 0.008741 in line with 61.8% Fibonacci Extension , 127.2% Fibonacci extension and 127.2% Fibonacci expansion […]
Type: Bullish ContinuationKey Levels:Resistance: 20.12Pivot: 19.39Support: 18.98Preferred Case:Price is at pivot level of 19.39 in line with 23.6% Fibonacci retracement. Price can potentially continue its rally to the 1st resistance level of 20.12 which is a graphical high swing. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it. […]
The crisisin Ukraine has had a sharp, upward impact on global energy prices. With theworld already battling with the difficulties stemming from higher energyprices, the squeeze on consumers and businesses and the uptick in inflation,these effects are coming at a very tricky time.NaturalGas prices are steadily climbing again, sparking fears of a return to the […]