EUR / USD pair On Thursday, the euro consolidated below the price channel line of the daily chart on the background of a neutral economic and political situation, helped by the indicator line of balance. The Marlin indicator s is still developing in the negative zone on the daily and H4 chart but there is […]
Ethereum Elliott Wave analysis for 18/01/2019: The triangle pattern in wave 4 continues, more downside in view Technical market overview: The three wave advance to the level of 156.91 has been completed at January 5th and since then the market has started an impulsive decline that reached the level of support at 108.46. The decline […]
The prospects for the euro from the point of view of the foundation are vague. On the one hand, it is not clear how the market will perceive a new round of uncertainty around Brexit – it would seem that the approach to Britain’s exit from the EU without an agreement is unprofitable for both […]
Following a vote of no confidence, Theresa May retained her post as British Prime Minister. On Monday, January 21, she will present the so-called plan “B” for Brexit, which should arrange parliamentarians. The pound is in conditions of high volatility and uncertainty, there are rumors in the markets that the exit date from the European […]
If the dollar rises in price to European currencies, it decreases in relation to the Japanese yen. Moreover, this weakness cannot be called a temporary phenomenon. According to the head of the North American currency strategy department in TD Securities Mark McCormick, a mark of 95 yen per dollar may well become a reality very […]
Concerns about China’s dismal economic outlook and possible US tariffs on European cars led the euro to a decline, while the end of the next chapter in the Brexit saga gave a moment of peace to the pound. Fresh European news was weak and local markets followed the lead of Asia and pushed major indices […]
China’s economy is expected to continue to slow down this year particularly on domestic demand and exports affected by US tariffs. Beijing will most likely have to deploy additional incentive measures. According to forecasts, China’s economic growth will slow to 6.3 percent this year and will be the weakest in 29 years. A significant slowdown […]
Since October of last year, the AUD/USD pair has been trading within a wide-range flat, without leaving the range of 0.70-0.73. This behavior is very typical for the “aussie”: the price may fluctuate in one price niche for several months, after which it impulsively moves to the next “level” – higher or lower. Therefore, the […]
The European currency again failed to gain a foothold above key resistance levels and began to gradually lose ground against the US dollar in the afternoon after the release of a good report on the US labor market, as well as before the publication of the report of the US Department of Commerce, in which […]
EUR/USD descends slowly, although the single currency, and the greenback are under a certain pressure. On the one hand, the slowdown in the eurozone, dovish comments from the European Central Bank and the uncertainty of Brexit, on the other hand, a record shutdown, a slowdown in U.S. inflation and a slowdown in the rise in […]
4-hour timeframe The amplitude of the last 5 days (high-low): 73p – 156p – 112p – 246p – 72p. Average amplitude for the last 5 days: 132p (136p). The British pound sterling on Thursday, January 17, most of the day, as well as the European currency, stood in one place, just below the resistance level […]
4-hour timeframe The amplitude of the last 5 days (high-low): 85p – 83p – 31p – 108p – 47p. Average amplitude for the last 5 days: 71p (86p). The EUR/USD currency pair on Thursday, January 17th, is trading for the second day in a row near the support level of 1.1386 and can neither overcome […]
The cryptocurrency complex had a horrendous run in 2018, with most major coins collapsing following their meteoric rise in the prior year, as the “euphoria” faded and in the midst of greater regulatory scrutiny. Alas, considering that several key issues remain unresolved – ranging from security and regulation concerns to illiquidity – it’s difficult to […]
The latest inflation data out of Canada will hit the markets on Friday, at 1330 GMT. While these figures are always important for market expectations around future Bank of Canada (BoC) rate hikes, the loonie’s overall direction may depend mostly on how oil prices perform going forward, given the resurgent correlation between these two assets. […]
The German 30 stock index (DAX 30) has been on the rise since the day it dropped to a two-year low of 10,276 and is now set to register its third weekly gain slightly above the 20-day simple moving average. The short-term bias looks currently neutral to bullish as the RSI moves along the 50 […]
If last year the Loonie became one of the outsiders among the currencies of the G10 countries, having lost 8% against the American, then at the beginning of this year, the CAD managed to win back a few losses. The rebound in oil prices from 18-month lows, the resumption of trade negotiations between the United […]
Dear colleagues. For the currency pair Euro / Dollar, we expect further downward movement after passing by the price of the range of 1.1375 – 1.1358 and we consider the upward movement as a correction. For the currency pair Pound / Dollar, the price has issued a local structure for the top of January 15 […]
Silver has been moving sideways since the price hit the six-month high of 15.87 on January 4. The neutral to bearish picture in the very short-term looks to last for a while longer after prices failed to stand near the aforementioned high. Technically, in the daily timeframe, the RSI lies below the 70 level and is falling, […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel. On November 13, the EUR/USD demonstrated recent bullish recovery around 1.1220-1.1250 where the lower limit of the channel as well as the depicted demand zone came to meet the […]
Since Mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel (The RED one). Shortly after, a quick bearish decline was demonstrated towards the price level of 1.2500 where bullish recovery (Bullish Head & Shoulders pattern) could take place on December 12. […]
Blue channel is based on the price movement of yesterday. Violet channel is based on the previous two-day consolidations. Yellow channel is based on the previous three-day consolidations. The recent bullish movement of the GBP/USD which was initiated around 1.2700 has ceased to be dominant since Yesterday. Lack of enough bullish momentum is demonstrated on […]
To open long positions on GBP / USD, you need: The British pound remained bargained in the side channel in the first half of the day, with the prospect of further growth after the British Prime Minister Theresa May managed to keep her post after another vote because of a vote of no confidence. Purchases […]
To open long positions on EUR / USD, you need: Despite the report on inflation in the euro area, which coincided with the forecasts of economists, euro buyers managed to hold above the support level of 1.1375, which led to a resumption of demand in EUR / USD. The main task of buyers is to […]
GOLD PRICES held tight against the Dollar yet again on Thursday, trading unchanged for the week so far at $1292 per ounce as politics again dominated the headlines in Europe. The US currency edged higher after new data showed a drop in claims for weekly jobless benefits in the world’s largest economy, but applications […]
For decades, coffee has been an important staple for American and Western consumers. In the United States, people consume an average of three cups of coffee every day. This has made coffee companies among the biggest in the US. Companies like Starbucks and Dunkin Brands have market valuations of more than $85 billion combined. In […]
Every quarter, companies in the United States are mandated by law to release their earnings. This period, which is commonly known as the earnings season provides very important opportunities that market participants can take advantage on. This is because stocks tend to make major moves before and after the season. For example, Apple’s stock has […]
This has been a tough week for Theresa May. On Tuesday, the prime minister’s Brexit proposal suffered the biggest loss by UK government in parliament. This led to calls for her to resign. Labor leader Jeremy Corbyn immediately tabled a motion of no-confidence against her. Yesterday, the members of parliament voted on this bill and […]
ETHUSD is slowing down below the moving averages in the 4-hour chart, while according to the technical indicators the market seems to be neutral. The RSI keeps developing below 50 with weak momentum and the MACD oscillator is flattening above its trigger line but below the zero level. In case of a move lower, the price could challenge the 23.6% […]
BTC did a false breakout of the 2-day low at the price of $3.530, which is a sign that selling looks risky. I have found a strong reversal bar (reversal up-thrust), which is a sign that smart money did shake out the weak trading money. I have also found the breakout of the supply trendline, […]
GBP/USD finaly made a breakout of the trading range (resistance) at the price of 1.2900 and we got confirmation to go long. There is strong impulsive movement in the background, which is a sign that recent trading range was more resting before new push higher. My advice is to watch for buying opportunities. Trading recommendations […]
