4-hour timeframe The amplitude of the last 5 days (high-low): 88p – 108p – 97p – 41p – 37p. Average amplitude for the last 5 days: 74p (77p). The EUR/USD pair held the third trading day of the week in moderate trading with minimal volatility, although today there were already two events that could cause […]
4-hour timeframe The amplitude of the last 5 days (high-low): 66p – 73p – 74p – 89p – 62p. Average amplitude for the last 5 days: 73p (75p). The British pound sterling shows the lowest volatility in trading on Wednesday, June 12th. The only important macroeconomic report today — inflation in the United States — […]
Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. For Intraday traders, the price zone around 1.1235 stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23. Short-term outlook turned to become bearish […]
On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]
EURUSD is not making any important move this far today. Price is consolidating near its recent highs above 1.1320. Trend remains bullish and longer-term target is at 1.17, the start of the falling wedge, as long as price holds above 1.1250. Red lines – bullish wedge pattern Green rectangle -support area EURUSD has broken the […]
Gold price remains in a short-term bullish trend. After pulling back towards the 38% Fibonacci retracement, price is now challenging the major resistance area of $1,350 once again. Another rejection in the $1,340-50 area will lead to a reversal that will most probably push prices towards the major support at $1,300. Red line – major […]
Bitcoin went up and did test the strong resistance at the price of $8.011. The 4H trend is still downward and buying at this stage looks very risky. Our advice is still to watch for selling opportunities. Red downward cloud – Resistance Span B Ichimoku –Top of the cloud resistance $8.108 Red line – Tenkan-sen […]
Gold has been trading upwards in past 24 hours. The price price almost went to test span A of Ichimoku cloud and it failed, which is a sign that buyers are still alive. The trend is very strong on the upside so you should watch for buying opportunities only . Red line – Tenkan-sen (support1 […]
Copper futures for July delivery have unsuccessfully attempted to pierce the upper boundary of the one-month old descending channel (2.695) on Tuesday. The positive momentum in the MACD signals that upside pressures may return in the short-term, but the price may first need to crawl comfortably above 2.711, the 61.8% Fibonacci retracement of the 2.539-2.991 bullish wave, to fuel a stronger buying interest. On the […]
GBP/USD has been trading upwards as we expected. The price tested the level of 1.2760. The level at 1.2760 is very important resistance. The potential breakout of 1.2760, would confirm further upward continuation. Blue rectangle – horizontal resistance Red line – Tenkan-sen (support1 at 1.2713) Blue line – Kijun-sen (support2 at 2 1.2706) Our analysis […]
To open long positions on GBP/USD, you need: The weakness of the US dollar is clearly seen in the pair with the British pound, where buyers have coped with the next task, and, despite the emerging divergence on the MACD indicator, fixed above the resistance of 1.2728. While trading is conducted above this level, it […]
To open long positions on EURUSD, you need: Euro buyers failed to stay above the important support level of 1.1330 and missed it after the speech of the President of the European Central Bank Mario Draghi. At the moment, it is best to expect a return to the market of buyers after updating the support […]
The euro/pound cross-pair rose by almost 500 points in May. Northern dynamics were almost recoilless and was caused primarily by Brexit. Against the background of the British problems, the single currency looks much more attractive, even despite the slowdown in the key economic indicators of the Eurozone (primarily inflation). But in early June, the EUR/GBP […]
The weak report on US employment for May and the associated increase in the probability of lowering the federal funds rate by 50 bp in 2019 to more than 80% allowed “bulls” on XAU/USD to return quotes to the area of 13-month highs. The USD index, on the contrary, fell to its lowest level since […]
Today, traders will continue to focus on the ongoing trade dispute between United States and China. On Monday, Donald Trump said that the US will place tariffs on more goods from China if a meeting does not take place in the upcoming G20 meeting. China has yet to confirm if XI will meet with Trump. […]
US dollar is the most important currency in the world because of the role it plays as the reserve currency. Every day, businesses and individuals’ transactions with the dollar total more than $10 trillion. Therefore, the strength or weakness of the US dollar is so important because it determines the cost of goods. For example, […]
Netflix stock price posted a significant red day on Tuesday, heading below the short-term moving averages in the daily timeframe, creating a neutral bias. The RSI indicator dropped beneath the 50 level, while the MACD oscillator is weakening below the trigger line over the last month, but it is still developing in the negative territory. In […]
USDMXN has dropped considerably over the previous couple of days, after the negative gap, remaining within the 200- and 50-day simple moving averages (SMAs). Currently, the pair is also hovering in the Ichimoku cloud and is trying to surpass the 23.6% Fibonacci retracement level of the downleg from 20.6540 to 18.7440 near 19.1938. Looking at […]
GBP/USD The upward wave of the British currency from May 31 has no reversal potential and acts as a correction of the previous section of the main trend from May 3. The structure of the wave is not showing completeness. Since June 7, the pound quotes form the middle part (B) of the structure, which […]
The price of corn rose sharply yesterday after the United States Department of Agriculture (USDA) released the World Agricultural Supply and Demand Estimates (WASDE). This is a monthly report that gives investors and farmers a forecast of the demand and supply of agricultural commodities. In the report, the department said that the production of corn […]
The Swiss National Bank will hold its quarterly policy meeting on Thursday with the announcement expected at 07:30 GMT. No changes in the Bank’s super low interest rates are being anticipated, but with the Swiss franc appreciating substantially in recent weeks on the back of growing global uncertainties such as trade frictions and Brexit, the […]
GBP managed to gain momentum and sustain it quite well over USD recently. After impulsive bearish pressure, the price is making pullbacks. Due to contraction in the UK GDP and a slowdown in the manufacturing sector, GBP is expected to lose momentum in the coming days. Bank of England official Gertjan Vlieghe recently stated that […]
Bitcoin managed to gain bullish momentum following a bounce from $7,500 as expected. Now there is a greater probability for the price to continue its climb with a target towards $8,000 in the coming days. A recent poll shows that the majority of crypto investors have never experienced a transition from a bear market into […]
Overview: The GBP/USD pair continues to move downwards from the level of 1.2905. This week, the pair rose from the level of 1.2905 to a top around 1.2800 and it set around the spot of 1.2800. The first resistance level is seen at 1.2905 followed by 1.2963 , while daily support 1 is seen at […]
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 […]
EURJPY had a bearish start on Wednesday, approaching the mid-level of the Bollinger Band (20-simple moving average) in the 4-hour chart, after the pullback on the three-week high of 123.15. The RSI and the MACD are suggesting a possible overstretched market as both are returning lower. The MACD is heading below the trigger line in the positive […]
The dynamics of producer prices in May was close to forecasts, the growth was only 0.1%, business optimism indices from NFIB and IBD/TIPP gave the opposite results, without adding clarity. Markets traded neutrally, taking advantage of the temporary respite due to the lack of news from the fields of the trade war between the US […]
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 […]
US dollar drifts lower as markets await US inflation data for Fed rate clues Stocks turn negative as Trump says he’s “holding up the deal” with China Euro eyes fresh highs, gets a lift from Trump’s currency comments Risk appetite fades as US-China deal looking unlikely at G20 US stocks ended their five-day winning streak […]
