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.
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Shooting Star, close to the resistance level, USDCAD is reversing and may form a new descending impulse. In this case, the downside target may be the support area at 1.2540. However, an alternative scenario implies […]
CIBCFX FlowsAustralia’s Q4 inflation came out higher than expected, trimmed mean, measure watched by RBA, up 2.6%, above the RBA target midpoint of 2-3%. Our macro strategist Patrick expects the RBA could announce next week to end QE sometime middle of February. Patrick, along with market is looking for rate hike this year. RBA is […]
Type: Bullish BounceKey Levels:Resistance: 27479.38Pivot: 27171.76Support: 26531.38Preferred Case:Prices are on bearish momentum and consolidating in a descending channel. We see the potential for a dip from our Pivot at 27171.76 in line with 100% Fibonacci extension toward sour 1st support at 26531.38 in line with 100% Fibonacci extension. Prices are trading below our Ichimoku cloud […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3474; 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 1.3505 and then resume moving downwards to reach 1.3355. Another signal in favour of a further downtrend will […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no […]
European Forex news roundup: The dollar rises slightly, but US futures point downward It was a rather calm session, as markets appear to be more cautious following Wall Street’s dramatic recovery late yesterday. Since Asian trading, US futures have been trending lower, and they have remained so throughout European morning trade. As a result, the […]
AUDNOK Breaks The ChannelThe recent AUDNOK breakout trade idea has hit its first target at 6.4202. With MACD and RSI firmly bullish here, the focus remains on the bigger target at 6.5046.Despite the broader wave of risk aversion we’ve seen, AUD has benefitted against NOK firstly as a result of softer oil prices this week […]
Markets Rattled By Russia/Ukraine Military FearsIt’s been a volatile start to the week for benchmark global equities indices. Asset markets have seen wild price action over the last 24 hours with stock prices plunging amidst rising geo-political fears before recovering off the lows. Once again today, however, risk markets are back under pressure as uncertainty […]
AUDUSD continues falling; the statistics were disappointing. The Australian Dollar is falling against the USD on Tuesday. The current quote for the instrument is 0.7148. The Australian CPI showed 1.3% q/q in the fourth quarter after being 0.8% q/q the quarter before and against the expected reading of 0.1% q/q. On YoY, the indicator skyrocketed […]
EURUSD is sliding down; investors are waiting for the Fed meeting and its decisions. The major currency pair remains under pressure on Tuesday. The current quote for the instrument is 1.1288. The statistics published by the Euro Area yesterday were rather mixed. The Services PMI dropped to 51.2 points in January after being 53.1 points […]
Gold prices fell on Tuesday, awaiting signs of a rate hike during the US Federal Reserve policy meeting, which begins today. Concerns about an acceleration of policy tightening by the US Federal Reserve have opposed the safe haven request, which has been fueled by escalating tensions over Ukraine. Gold prices rose about $10 at the […]
The increased geopolitical premium and rotation out risk assets on expectations of higher Fed rate have made a significant contribution to the weakening of currencies tied to business cycle fluctuations or those that correlate with equity returns. High uncertainty around the situation in Ukraine may discourage investors to buy those currencies in near-term, at the […]