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.
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a 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 1.1205. However, an alternative scenario implies that […]
The yield curve for US Treasury bonds is expected to flatten and perhaps invert this year, according to Standard Chartered. The U.S. Treasury yield curve is likely to be totally flat by mid-year as the Federal Reserve raises interest rates, although growth is questioned, and may invert by year’s end, Standard Chartered bank strategists stated […]
Gold prices are rising and heading for the largest monthly decline since September Gold prices rose in trading on Monday, but the precious metal is heading for the largest monthly decline since last September. This comes amid market expectations that the US Federal Reserve will raise interest rates on the back of key economic data, […]
Potentially downbeat US macro surprises in January should be a key test of the strength of the dollar rally post-FOMC meeting. However, a possible disappointment, in my opinion, will be short-lived, since the Fed shouldn’t be spooked with one or bad reports. In addition, the driver of the slack is known, and it is also […]
The NZDCAD trend play initiated a fortnight ago from .8553 has now hits its final target at .8351. Weakness in NZD linked to the return of a nationwide lockdown there, as well as strength in CAD linked to higher oil prices and BOC hawkishness, has worked wonderfully for this trade. While the final target for […]
• Alibaba reversed from support zone • Likely to rise to resistance level 135.90 Alibaba recently reversed up with two Dojis from the support zone lying between the key support level 116.00 (which has been reversing the pair from the start of December) and the lower daily Bollinger Band. The upward reversal from this support zone stopped […]
EURUSD rebounded from its local bottom and is trying to regain its positions. The major currency pair recovered a little bit on Monday. The current quote for the instrument is 1.1177. The first supporting factor is that the craze around the US Fed January meeting is dying down – all the statements, decisions, and […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7135; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7070 and then resume moving downwards to reach 0.6865. Another signal in favour of a further downtrend will be […]
Type: Bearish ReversalKey Levels:Resistance: 90.248Pivot: 89.066Support: 85.537Preferred Case:Prices are consolidating in an ascending triangle. We see the potential for a dip from our Pivot at 89.066 in line with 127.2% Fibonacci extension and 161.8% Fibonacci projection towards our 1st support at 85.537 in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Divergence is spotted […]
Type: Bearish ReversalKey Levels:Resistance: 81.273Pivot: 80.932Support: 80.237Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 38.2% Fibonacci retracement towards our 1st support at 80.236 in line with 127.2% Fibonacci extension. Prices are trading below our ichimoku clouds, further supporting our bearish […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after attempting to reach the high at 1877.09, XAUUSD is forming a steady wave to the downside and has already returned to 38.2% fibo tested earlier. The next downside targets may be 61.8% and 76.0% fibo at 1730.00 and 1696.10 respectively. The […]
EURUSD, “Euro vs US Dollar” After reaching the target at 1.1125, EURUSD is growing towards 1.1186 and may later fall to reach 1.1148, thus forming a new consolidation range between the two latter levels. A breakout of this range to the upside may result in a new ascending wave with the first target at 1.1220. […]