The US 100 index advanced considerably in the previous week, penetrating the Ichimoku cloud following the rebound on the 6930 support level. However, the bulls have so far been unable to push the price above the 50-day simple moving average (SMA), but the technical indicators are moving north. The MACD surpassed the trigger line in […]
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Report on the US labor market came out weaker than expected, which led to sales of the dollar at the close of trading on Friday. 75 thousand new jobs were created, while growth was forecast at 185 thousand, while data for March and April were revised downward by the same 75 thousand, which means zero […]
By the end of last week, the Euro / Dollar currency pair again showed high volatility of 96 points, drawing pulse candles on the market. From the point of view of technical analysis, we have a breakdown of the range level of 1.1300, with the price movement to the value of 1.1347, an upward trend […]
To day the Conservative party in the UK will appoint a new Prime Minister. It’s clear that the political uncertainty in the UK continues to weigh on GBP, but it remain firm in our belive, that GBP saw a low with the test of 136.59 and more upside pressure towards 141.74 and ultimately a break […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
GBPAUD has been trading in a consolidation area since February 19, with upper boundary the 35-month high of 1.8880 and lower boundary the two-month low of 1.8100. Currently, the price is edging slightly higher, with the short-term momentum indicators signaling a bullish bias. The RSI is pointing up in the negative territory, while the stochastic […]
Gold recorded its best weekly performance so far this year, topping near a former key resistance of 1,346 on Friday. The RSI and the Stochastics, however, indicated that the bulls are exhausted as the measures peaked in overbought territory – letting the bears take over on Monday. Yet, with the 20-day simple moving average (SMA) increasing its distance above the 50-day SMA, the positive market trend may likely extend forward in […]
EUR / USD Friday ended the pair EUR / USD with an increase of another 60 basis points. Thus, the whole part of the trend, taking its beginning as early as May 23, acquired a 5-wave view, which led to the introduction of corrections to the wave marking. The minimum of May 23 is now […]
Trend analysis (Fig. 2). On Monday, the price may roll back down, with the first target of 1.2685 – the pullback level of 38.2% (blue dashed line). Much will depend on the news that comes out at 8.30 Universal time. Fig. 2 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – […]
Trend analysis (Fig. 1) On Monday, the price may roll back down, with the first goal of 1.1279 – a pullback level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candle analysis – top; – trend analysis […]
To open long positions on GBP/USD you need: Pound buyers are required to save the situation in the region of the lower boundary of the rising channel of 1.2700. Good data on the UK economy, with the formation of a false breakdown at this level, will be the first signal to open long positions based […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk appetite recovers after US unexpectedly suspends planned tariffs on Mexico indefinitely US dollar and global stocks boosted but Fed rate hike bets remain high following weak NFP report Disappointing Chinese data also limits risk-on as yuan hits fresh 2019 lows Markets lifted by surprise US and Mexico deal It was a positive start to […]
After the publication of extremely weak data on the number of new jobs in the United States on Friday, expectations of a possible reduction in the interest rates of the Fed has increased markedly in the markets. According to the data provided by the Ministry of Labor in May, the US economy received 75,000 new […]
The Fed’s statements about a possible rate cut gave impetus to the movement against the dollar – gold succeeded most of all in this, but the euro also showed growth. Thus, there is a signal for an upward trend in the euro. We are seeing a decline during Monday morning, but for now this is […]
To open long positions on EURUSD you need: Against the background of the euro’s strong growth and speculative purchases on Friday afternoon, major players have recorded a profit. Continuing the further trend without a good downward correction will be extremely difficult. It is best to open long positions on a rebound after updating the low […]
By the end of the last trading week, the currency pair pound / dollar showed, we can already say, stable volatility in the amount of 73 points, as a result of pulling into a closely located level. From the point of view of technical analysis, we saw that the quotes reluctantly continued the upward movement, […]
The US dollar opened the trading week with a small, but ubiquitous growth, despite the failed Nonfarms report, which was published on Friday. The meeting of the US finance minister with the chairman of the People’s Bank of China gave hope to traders that talks between Beijing and Washington would resume. At the very least, […]
EURUSD reached a two-and-a-half-month high of 1.1347 on Friday as the pair exited from the medium-term descending channel in the preceding days, signaling furhter upside movement. Prices are currently developing near the 1.1300 handle and are remaining above the Ichimoku cloud and the 20-and 40-day moving averages. Despite today’s pullback the bullish picture is further […]
Crypto Industry News: The Reserve Bank of India (RBI) has denied any knowledge or involvement in a government bill that would impose a total ban on cryptocurrencies, according to an official document. Varun Sethi, a lawyer specializing in Blockchain, filed a request to RBI for information regarding the Indian daily’s report from April, which suggested […]
Crypto Industry News: The Reserve Bank of India (RBI) has denied any knowledge or involvement in a government bill that would impose a total ban on cryptocurrencies, according to an official document. Varun Sethi, a lawyer specializing in Blockchain, filed a request to RBI for information regarding the Indian daily’s report from April, which suggested […]
Crypto Industry News: Bitcoin analyst Oliver Isaacs believes that at the end of 2019, the currency will reach $ 25,000, according to a publication in the financial media: “There are many factors driving the recent rebirth. There are geopolitical, technological and regulatory factors. The net effect of the trade war between the US and China […]
Technical Market Overview: The GBP/USD pair did not make the breakout above the technical resistance at the level of 1.2747, just a local high was made at 1.2761. The market reversed slightly, but there is still no new low made, so the outlook is not certain for now, but due to the face that the […]
Technical outlook: We have presented a Daily chart view here to have a bigger picture. Please note that EURUSD might be carving out a potential ending diagonal and could be into its last Wave 5, after printing highs last week at 1.1347 levels. An ending diagonal consists of 5 waves labeled as 1 through 5 […]
GBP/USD On Friday, the British pound gained 46 points, having failed to overcome the resistance of the embedded line of the price channel of the daily chart. A divergence with the Marlin oscillator formed on the four-hour chart, which lowers the pound’s chances of overcoming the resistance and growth to the balance line of the […]
EUR/USD On Friday evening, Mexico and the United States managed to very quickly agree on migration and trade, therefore, according to Donald Trump, the United States will not impose duties on Mexican goods, which was scheduled for today. This is good news for the dollar. But the bad news was the labor data. The number […]
USD/JPY The expected difficulties with the growth of the pair from the supposed bottom of June 4-5 are already evident. On Friday, the price at the moment fell by more than 70 points, not reaching this very bottom. Today’s session began with a price break up, which is another sign of a price drop for […]
EURUSD as we mentioned in previous posts, has most probably made an important long-term bottom around 1.11 and has reversed to the upside. Having broken out of bearish channels, EURUSD pulled back during the week confirming the support at 1.12 and since then has resumed the up trend reversal to end the week near its […]
