EURUSD is under pressure for a second day in a row. After yesterday’s rejection near the cloud resistance, EURUSD today is breaking below the kijun-sen (yellow line indicator). This is a bearish sign and if the day closes below the kijun-sen, we should expect more downside over the coming sessions. Of course the announcement of […]
Gold in 2023 continues to surprise. Despite the strong dollar, soaring to its highest levels since 2016, the yield of 10-year Treasury bonds, and the ongoing capital outflow from gold-oriented ETFs for the fifth consecutive month, it has surged above the psychologically important $2000 per ounce mark. And we can attribute this to de-dollarization and […]
The euro-dollar pair, after a sharp surge towards the resistance level of 1.0670 (the lower boundary of the Kumo cloud on the D1 timeframe), made a 180-degree turn and is currently trading in the middle of the 5th figure. Such price dynamics were primarily driven by the weakening of the euro: yesterday’s report on inflation […]
The EUR/USD pair saw an increase above the corrective level of 23.6% (1.0644) on Tuesday, but it failed to rise significantly. In the second half of the day, there was a reversal in favor of the US currency, and the pair returned to the level of 1.0561. A bounce from this level allows us to […]
On the hourly chart, the GBP/USD pair rose to the level of 1.2175 on Tuesday, but a reversal in favor of the US dollar followed, and a new decline towards the level of 1.2106 began. Lately, the pair has spent a lot of time between the levels of 1.2106 and 1.2175. A rebound from the […]
Review of Trades and Trading Tips for the Japanese Yen The test of the price at 150.32 occurred when the MACD indicator had just started to move upwards from the zero mark. This confirmed the correct entry point for long positions in the continuation of the uptrend. As a result, the pair rose by more […]
The pound sterling advanced amid positive real estate market data, which showed that housing prices in the UK unexpectedly rose in October. This indicates that the real estate market is stabilizing, with the expectation that the Bank of England is nearing the end of its interest rate hiking cycle. According to the data from the […]
The euro and the pound sterling dropped once again due to strong US data, after which market balance was restored. Traders are likely to take a pause now to prepare for the Federal Reserve’s decision, which is set to keep interest rates at a 22-year high for the second consecutive meeting. However, many experts suppose […]
Potential breakout for on the BTC The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis and trading tips for USD/JPY on November 8 November 8, 2023 Analysis of transactions and tips for trading USD/JPYFurther growth became…Trading plan for EUR/USD for November 08, 2023 November 8, 2023 Technical outlook:EUR/USD is pulling back after […]
Let’s take a look at the technical picture of EUR/USD, USDX and SP500 ahead of FED interest rate decision tonight. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Weekly Forex Outlook: 05/04/2024 – ECB decision and US… April 5, 2024 Central bank decisions in Eurozone, Canada, and New Zealand. Highlight…Weekly Forex Outlook: […]
US employment growth expected to slow down in October Dollar retreats ahead of the event but outlook remains bright Nonfarm payrolls to be released at 12:30 GMT Friday US outperforms It’s been a strong year for the United States. Despite a sharp slowdown in manufacturing and sky-high interest rates limiting access to credit, the […]
Yen nears October 2022 lows against dollar on BoJ disappointment Will a hawkish Fed trigger a yen intervention episode? Gold, oil retreat as Middle East fears ease Wall Street closes in the green ahead of Fed decision Dollar/yen defies gravity after BoJ decision The dollar traded higher against all the other major currencies on Tuesday, […]
NZDUSD halts latest decline at a fresh 1-year bottom of 0.5772 Trades without a clear direction in the past week Momentum indicators remain tilted to the bearish side NZDUSD has begun another round of weakness following the steep retreat from its October highs just a tad above the 50.0% Fibonacci retracement of the 0.5510-0.6535 upleg. Although […]
Technical analysis: BTC/USD has been trading sideways already for a few days around the price $34.400. There is potential for the breakout mode in near future. In case of the breakout of the resistance at $35.200, there is the chance for the further growth towards $37.000-$38.000 In case of the downside breakout of the support […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.2172 as a possible entry point. A rise to this level and its false breakout generated a good entry point into short positions. However, the pair failed to […]
Technical analysis: USD/CAD has been trading sideways at the price of 1.3880 and I see potential for the breakout mode. Due to the the defined upside trend on the short-term perspective and potential bull flag pattern in creation, I see potential for the further upside continuation in case of the breakout of 1.3900. Upside objective […]
Analysis of Trades and Trading Tips for the European Currency The test of the price at 1.0641 occurred when the MACD indicator had just started to move down from the zero mark, which served as a confirmation of an entry point for short positions in the afternoon. As a result, the pair fell by more […]
Technical analysis: Gold has been trading downside this morning but I found rejection of the support area at $1.976. In case if the rejection of the support can sustain, I see potential for the further rally towards upside references at $1.991 and $2007 In case of the downside breakout of the support at $1.976, there […]
XM has once again partnered with the Nobles Charitable Foundation and the Shareteah Humanitarian Organization in Iraq to support homeless and orphaned children from Baghdad and Dohuk stay in education. This year, in addition to donating towards school supplies like bags, notebooks, stationery and uniforms, we have also supported funding the creation of library centres. […]
USDJPY edges lower after Tuesday’s sizeable rally Heightened risk of intervention as USDJPY is comfortably above 150 Mixed momentum indicators complicate the outlook The lack of JPY-positive announcements at Tuesday’s BoJ meeting opened the door to a sizeable move in USDJPY. It bounced off the lower boundary of its medium-term upward trending channel and now […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.0611 as a possible entry point. A rise and a false breakout near this mark generated a sell signal, but the pair failed to move sharply lower. As […]
Crypto Industry News: Robert Kiyosaki advises his followers on X to prepare for the biggest crash in the history of the world. Noting that some financial experts encourage investing in stocks and bonds (in a 60-40 ratio), he stressed that people who follow this advice will suffer “the biggest losses.” A famous author of books […]
Crypto Industry News: An ETF ticker has appeared on the Depository Trust and Clearing Corporation (DTCC) website. This time Invesco and Galaxy Digital. This is another signal sent to the market – bitcoin funds are fast approaching us. This is not the first time a bitcoin ETF ticker has appeared on DTCC. Recently, the symbol […]
Technical Market Outlook: The GBP/USD pair has been seen testing the 61% Fibonacci retracement located at the level of 1.2201, but the Bearish Engulfing candlestick pattern was made at the top of the move, so the bears pushed the price back towards the 50 MA on the H4 time frame chart. The intraday technical resistance […]
Technical Market Outlook: The EUR/USD pair had bounced towards the level of 1.0675, but then Bearish Engulfing candlestick pattern was made at the top of the move and the market reversed below the 50 and 100 MA again on the H4 time frame chart. The nearest technical resistance is located at the level of 1.0626 […]
If we look at the 4-hour chart of the Silver commodity asset, we can see that the price movement is moving below the Kumo and the Kumo future is in a Bearish condition. Apart from that, there are 2 Bearish patterns that appear in this commodity asset, namely the Bearish 123 Pattern which is followed […]
On the 4-hour chart, the AUD/JPY cross currency pair seems to be moving above its MA 365 and the appearance of a Bullish 123 pattern followed by several Bullish Ross Hooks indicates that AUD/JPY has the potential to appreciate up to level 96.10 if this level is successfully broken upwards, the next levels that will […]
The market was certainly expecting a significant slowdown in eurozone inflation, but not even the most optimistic minds could have imagined that inflation across the bloc would drop to a two-year low of 2.9% in October. Just a month ago, inflation was at 4.3%. So, such a substantial decrease in inflation essentially removes all questions […]
Analysis of EUR/USD 5M On Tuesday, EUR/USD started a corrective move but couldn’t manage to hold for a long time and then turned downwards. At the end of the day, despite rising by 80 pips, the euro managed to depreciate. This aligns with our expectations. We’ve repeatedly mentioned that the pair might form several phases […]
The GBP/USD currency pair traded with much less volatility on Tuesday than the euro, as European reports had a rather indirect connection to the pound. Nevertheless, there was a correlation between the euro and the pound, so the latter almost exactly mirrored the movements of the former. However, for the euro, a corrective scenario that […]
