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.
• Adobe under bearish pressure • Likely to fall to support level 420.00 Adobe under the bearish pressure following the earlier breakout of the support area located between the support level 480.00 (which stopped the price twice in January) and the support level 469.00 (former monthly low from May). The breakout of this support area […]
• EURGBP reversed from support area • Likely to rise to resistance level 0.8400 EURGBP currency pair recently reversed up from the support area located between the key support level 0.8310 (which has been reversing the pair from the start of January) and the lower daily Bollinger Band. The upward reversal from this support area […]
The cryptocurrency market continues falling and the market sentiment is far from positive. First of all, it happens due to expectations of a future rate hike by the US Fed during its March meeting. Another reason is reactions to geopolitical escalations. It is now clearly seen that the crypto segment has become a “safe haven” […]
EURUSD remains active; the asset is getting back inside its range. The major currency pair keeps responding to the external background changes. The current quote for the instrument is 1.1354. The demand for the “greenback” as a “safe haven” asset remains high; however, investors are no longer overreacting and the global market is reaching […]
CitiEuropean OpenSouring risk continued in Asia, as new headlines shook overnight markets. Russia’s President Putin ordered Russian troops to the breakaway region of Ukraine for “peacekeeping,” further escalating tensions. Subsequent headlines of potential sanctions, further talks as well as criticism from the UN Security Council meeting drew little reactions from markets. DXY continued its march […]
Type: Bullish BounceKey Levels:Resistance: 0.91793Pivot: 0.91534Support: 0.91793Preferred Case:Prices are consolidating in a triangle. We see the potential for a bounce from our Pivot at 0.91534 in line with 200% Fibonacci Projection towards our 1st resistance at 0.91793 in line with 78.6% Fibonacci extension and 23.6% Fibonacci retracement and graphical overlap. RSI is at levels where […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 6/8 and then continue growing to reach the resistance at 8/8. However, this scenario may […]
Market’s reaction to the Russia decision to recognize the DPR and LPR was somewhat tepid, with the exception of Russian equities, which tumbled 20% on Monday. Today Russian stocks opened with a gap down, but turned to recovery in the second half of the session. Chances of a large-scale conflict have decreased after the Russian […]
Type: Bullish ContinuationKey Levels:Resistance: 156’17Pivot: 153’29Support: :151’07Preferred Case:Price is near pivot level of 153’29 in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement. Price can potentially go to the 1st resistance of 156’17 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is […]
EURUSD, “Euro vs US Dollar” After breaking 1.1318 to the downside, EURUSD is expected to continue falling with the short-term target at 1.1250. Later, the market may start a new growth to test 1.1322 from below and then resume trading downwards with the target at 1.1240. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after a price gap, XAUUSD has formed a Shooting Star pattern not far from the resistance level. At the moment, the asset is reversing in the form a new correctional impulse. In this case, the downside correctional target may be the support […]
Gold prices are easing off a nine-month high as investors keep a watch on developments in Ukraine. On Tuesday, gold prices rose to their highest level in over nine months before retreating as investors repositioned near the crucial $1,900 per ounce level as they awaited additional developments in the Ukraine situation. By 10:47 a.m. ET […]