The currency pair EUR/USD attempted to correct itself once again on Tuesday, but it didn’t go very well. This time, the price couldn’t even reach its previous local maximum and dropped again. It should be noted that the movements yesterday were not the most logical since the rise of the European currency clearly couldn’t have […]
EUR/USD Higher Timeframes October closed with a candle of uncertainty. The market continues to operate within the range of daily levels, with the center of attraction being the medium-term trend (1.0572). At the start of the new trading month, minor adjustments to the Ichimoku indicator on the monthly timeframe led to the strengthening of the […]
The XAU/USD chart currently has a bearish overall momentum, but in the short term, there’s potential for a bounce from the 1st support at 1977.14 (overlap support) and a move towards the 1st resistance at 1992.30 (pullback resistance). After reaching the 1st resistance, there could be a reversal towards the 2nd support at 1953.53 (overlap […]
EUR/USD The euro was 12 pips short of reaching a strong resistance level at 1.0687. As a result, the single currency fell by 40 pips, and the price returned below the balance line on the daily chart. The Marlin oscillator also returned to the position it had on Tuesday morning. The strong move towards 1.0687 […]
GBP/USD Yesterday, the British pound tried to move towards the target range of 1.2271/87 but stopped by the balance line on the daily chart, just as it was on October 24th. Afterwards, the price returned below the descending price channel line. The signal line of the Marlin oscillator came close to the border of the […]
AUD/USD The Australian dollar has been stuck in the 0.6295-0.6388 range for quite some time. Yesterday, after reaching the balance indicator line on the daily chart, the pair fell without even trying to rise, unlike other counter-dollar currencies. The Marlin oscillator’s signal line turned downward from the zero line (arrow), separating the bearish and bullish […]
Overview : A trend in the EUR/USD pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.0600 and 1.0780. Resistance and support are seen at the levels of 1.0780 (also, the double top […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
Ripple rallied in the short term and now is located at 0.5997 at the time of writing. The altcoin increased by 13.03% from yesterday’s low of 0.5495 to 0.6212 today’s high. XRP/USD edged higher even if BTC/USD continues to move sideways. XRP/USD is up by 3.92% in the last 24 hours and by 7.57% in […]
Bitcoin Cash is ranging in the short term, that’s why we have to wait for fresh opportunities. It’s located at 242.96 at the time of writing. Bitcoin’s sideways movement forced the altcoin to move in range as well. Bitcoin Cash is down by 0.55% in the last 24 hours and by 3.51% in the last […]
Litecoin is moving sideways in the short term. It’s trading at 68.65 at the time of writing. After the last strong upside movement, a retreat was natural. The price continues to accumulate more bullish energy before jumping higher. In the short term, it seems undecided, that’s why we have to wait for fresh opportunities. In […]
The “bulls” on EUR/USD are not bothered by the eurozone GDP contracting by 0.1% in the third quarter or the slowing inflation of 2.9% in October, which essentially marks the end of the ECB’s monetary policy tightening cycle. On paper, this data supports the idea of a dovish ECB pivot in the first half of […]
The wave analysis of the 4-hour chart for the euro/dollar pair remains quite clear. Over the past year, we have only seen three wave structures that alternate with each other. For the past few months, I have regularly mentioned that I expect the pair to reach around 1.20, where the construction of the last upward […]
The USD/CAD pair is trading at 1.3876 at the time of writing. The USD appreciated versus its rivals as the Dollar Index edged higher. Still, an upside continuation needs confirmation. The bias remains bullish despite temporary retreats. Fundamentally, the currency pair rallied as the CAD was punished by the Canadian GDP which reported only a […]
NZD/USD is trading in a bearish zone: medium-term, it’s below resistance levels 0.6110 (50 EMA on the weekly chart), 0.6080 (200 EMA on the daily chart); long-term, it’s below resistance levels at 0.6400, 0.6455 (200 EMA on the weekly chart), 0.6485 (50% Fibonacci level in the downward wave from 0.7465 in February 2021 to the […]
EURUSD bears jump into the action from near 1.0665 again Short-term oscillators point to no clear directional momentum But as long as the pair remains below 1.0665, the slide could continue EURUSD traded higher on Tuesday, extending Monday’s recovery, but the advance was stopped again near the key resistance territory of 1.0665, slightly above the […]
Early in the American session, gold (XAUUSD) is trading around 1,991 within an uptrend channel formed since October 24 and above the 21 SMA. It is expected to continue rising in the coming as strong bullish momentum is observed. In case gold consolidates above 1,990, it could reach the psychological level of $2,000. Gold prices […]
Let’s take a look at the technical picture of EUR/USD, USD/JPY, AUD/USD and NZD/USD. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Weekly forecast based on simplified wave analysis of… April 8, 2024 GBP/USDAnalysis:Since July last year, the main direction of price movement…Weekly forecast based on simplified wave analysis of… April 8, […]
The AUD/USD pair crashed today and it seems determined to hit new lows. It’s trading at 0.6333 at the time of writing. The Dollar Index upside continuation should force the USD to dominate the currency market, to appreciate versus its rivals. Fundamentally, the USD received a helping hand from the US CB Consumer Confidence, Employment […]
Apple reports Q3 financial results on Thursday after closing bell Revenue expected to contract but earnings will pick up Share price fell below 200-day SMA for the first time since March Solid year but financials lag The most valuable publicly traded company in the world has been exhibiting a strong performance in 2023, with its share […]
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Red line -support trend line Yellow line- bearish RSI divergence Black lines- triangle pattern Blue lines – Fibonacci retracement levels Gold price continues to trade sideways around $1,995 price level. Price so far continues to respect the red upward sloping support trend line as price is forming a triangle pattern with a base around $1,990 […]
Red lines- bearish channel blue lines- Fibonacci retracement levels Eurostoxx50 is trading around 4,067. Our pull back target of 4,020, after breaking below 4,200, has been achieved. The Eu50 index has made a double bottom thus far around 3,990 and taking into consideration that the RSI is at oversold levels, the chances of a bounce […]
Nvidia’s stock prints bearish trend pattern 400 could be critical for a negative reversal Nvidia’s stock has formed a bearish head and shoulders pattern near its all-time high of 497.90. This suggests that the upward trend of almost one year may be over. The negative structure is not officially approved as the bears have […]
EURUSD is trading around 1.0630 after making earlier a high at 1.0675. According to the Ichimoku cloud indicator in the daily chart, trend remains bearish a price is still below the Daily Kumo (cloud) resistance. The Chikou span (black line indicator) is still below the candlestick pattern (bearish). The tenkan-sen (red line indicator) provides support […]
Red line- major resistance trend line Yellow rectangle- horizontal resistance Blue lines- Fibonacci retracement levels Black line- support trend line XRPUSD is trading around $0.60 making new weekly highs relative to last week. The previous week price closed right on top of the major horizontal resistance and key pivot point at $0.555. This week bulls […]
Trade Analysis and Tips for Trading the British Pound The first test of the price at 1.2158 occurred when the MACD indicator was in the overbought zone, which clearly limited the pair’s further downward potential. The second test at 1.2158 coincided with a drop in the MACD from the overbought zone, which appeared to be […]
The Bank of Japan today concluded the results of its latest meeting, which is the second-to-last meeting of the year. The results turned out to be quite contradictory. On one hand, the regulator abandoned a strict upper limit for the yield on government bonds. On the other hand, the central bank assured market participants of […]
