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.
XAUUSD, “Gold vs US Dollar” XAUUSD is trading at 1909.00; 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 1885.00 and then resume moving upwards to reach 1965.00. Another signal in favour of a further uptrend will be a […]
Russia-Ukraine Developments Drive Markets LowerMarkets are trading with a broadly risk off tone today following worrying geo-political developments last night. Russian president Vladimir Putin has formally recognised two breakaway territories in Eastern Ukraine as separate states and has ordered Russian troops into the regions on “peacekeeping” duties. The news comes on the back of weeks […]
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• CADJPY currency pair reversed from support area • Likely to rise to resistance level 91.00 CADJPY currency pair earlier reversed up from the support zone located between the round support level 90.00 (which has been reversing the pair from the middle of January), support trendline from September, lower daily Bollinger Band and the 50% […]
• Dow Jones reversed from support area • Likely to rise to resistance level 35000.00 Dow Jones index today reversed up from the support area located between the multi-month support level 33425.00 (which has been reversing the index from the start of 2021), lower weekly Bollinger Band and the 50% Fibonacci correction of the previous […]
GBPUSD is falling attacked by the “greenback” The British Pound is falling against the USD on Tuesday. The current quote for the instrument is 1.3580. Revival of the global demand for the “greenback” as a “safe haven” asset makes the Pound retreat. The statistics published yesterday showed that the Rightmove HPI added 2.3% m/m in […]
EURUSD retreated; the “greenback” is in demand. The major currency pair dropped on Tuesday. The current quote for the instrument is 1.1327. The demand for “safe haven” assets revived and the “greenback” rose to the occasion. As long as risk aversion dominates the global market, the American currency will continue strengthening. The statistics published yesterday […]
Kernel Holdings Under PressureKernel Holdings, the world’s largest producer/exporter of sunflower oil, has seen volatile price action over recent sessions. The Ukrainian company has seen heavy selling in recent days as fears over a fresh military conflict between Russia and Ukraine continue to grow. The build up of Russian troops on the border with Ukraine […]
Three Key US Data Release to WatchThe key data focus for today’s US session will be the release of the US services and manufacturing PMIs as well as the latest consumer confidence update. Given the broad strength we have seen across recent indicators, the expectations today is that both services and manufacturing will improve to […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.1510. However, an alternative scenario implies […]
Type: Bearish DownsideKey Levels:Resistance: 1910.9Pivot: 1903.9Support: 1880.8Preferred Case:Prices have been on bullish momentum and have consolidated in a parallel channel. With a potential double top spotted, we see the potential for a pullback from our Pivot at 1903.9 in line with 161.8% Fibonacci Projection towards our 1st support at 1880.8 which is an area of […]
Mixed Start For MetalsIt’s been a mixed start to the week for the metals market with plenty of two-way action seen already since the Asian open last night. Gold prices weakened initially but have since found better demand once again into the European open, these moves have been broadly tracked by silver also. The key […]