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 BounceKey Levels:Resistance: 83.739Pivot: 82.121Support: 81.403Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 82.121 in line with 38.2% Fibonacci retracement towards our 1st resistance at 83.739 in line with 61.8% Fibonacci extension and 200% Fibonacci Projection. Prices are trading above our ichimoku cloud support further […]
• EURNZD broke key resistance level 1.7150 • Likely to rise to resistance level 1.7500 EURNZD currency pair continues to rise sharply after breaking the key resistance level 1.7150 (previous multi-month high from the middle of last August). The breakout of the resistance level 1.7150 accelerated the active intermediate impulse wave (5). EURNZD currency pair […]
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1466, EURUSD is consolidating below this level. Possibly, today the pair may correct down to 1.1280 and then start another growth to break 1.1500. Later, the market may continue trading upwards with the target at 1.1550. GBPUSD, “Great Britain Pound vs US Dollar” After […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1455; 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 1.1385 and then resume moving upwards to reach 1.1615. Another signal in favour of a further uptrend will be a […]
Oil prices extended their gains to more than 2% during trading today, Friday, with US crude exceeding the $ 92 barrier, prices to continue their sharp gains, with cold weather spreading in large areas of the United States, which threatens to disrupt oil supplies further. Yesterday, Thursday, oil prices ended their trading with gains of […]
The Pound Fights Back 2022 is really starting to heat up now and as another week draws to a close, its safe to say it’s been a very eventful session in the markets. We’ve seen some interesting moves across the board and plenty of noteworthy developments in the fundamental backdrop. In terms of moves in […]
Credit AgricoleAsia overnightWhile equity markets in North America were rattled by a sell-off in technology stocks following a hawkish turn by the ECB and BoE, strong earnings from Amazon helped bolster market sentiment in Asia. At the time of writing, S&P 500 futures were up by over 1% and Asian bourses were trading mixed in […]
• Facebook broke key support level 245.80 • Likely to fall to support level 220.00 Facebook recently fell sharply breaking through the key support level 245.80 (previous monthly low from September and January). The breakout of the support level 245.80 accelerated the active medium-term downward impulse wave (3). Facebook can be expected to fall further […]
• GBPAUD reversed from key support level 1.8900 • Likely to rise to resistance level 1.9200 GBPAUD currency pair recently reversed up from the key support level 1.8900 (previous monthly high from September and December), intersecting with the 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal […]
EURUSD upsurged after the ECB meeting. The major currency pair skyrocketed after the ECB’s February meeting. the current quote for the instrument is 1.1450. The Euro rose against all traded currencies after the European Central Bank declined the possibility of keeping its benchmark interest rate unchanged this year. During its February meeting, the ECB decided […]
AUDUSD, “Australian Dollar vs US Dollar” The daily chart shows a double test of the long-term 38.2% fibo and an update of the low, as well as convergence on MACD. In this case, the pair is expected to start a new rising correction, which may later be followed by a further downtrend towards 50.0% and […]
Another Record Breaking Week For ZuckerbergIt’s been a record-breaking week for Facebook, sorry, Meta Platforms Inc this week. Shares in Facebook plummeted yesterday in response to a weaker-than-expected set of Q4 earnings. Technology shares in general have been on the ropes recently amidst a broader sell-off linked to rising US inflation expectations and Fed monetary […]