Bitcoin has been trading upwards in past 10 hours. We found the break of the key resistance trendline in the background, which is sign that buyers may continue with new buying. Watch for buying opportunities. White line – Broken resistance trendline Yellow line – Fibonacci expansion 100% at $8.17 Yelow line 2- Fibonacci expansion 161.8% […]
Gold has been trading downwards in past 24 hours. We found the breakout of the important support trendline, which is warning for buyers that we have changing in trend behaivor from bullish to bearish. Gray rectangle – swing low acting like resistance $1.330 Yellow rectangle – Support $1.320 Pink rectangle – Support 2 ($1.310) We […]
GBP/USD has been trading downwards. The price tested the level of 1.2670 and it rejected. We see the current market situation like potential end of the downward corrective phase (abc). Gray rectangle – swing low support (1.2670) Red horizontal line – Upward objective 1.2760 GBP/USD has been trading downward but GBP found support at 1.2645. […]
Trend analysis. In the coming week, the price will move up with the first target – 1.2872, pullback level of 38.2% (yellow dotted line). Fig. 1 (weekly chart). Complex analysis: – Indicator analysis – up; – Fibonacci levels – up; – Volumes – up; – Candle analysis – up; – Trend analysis – up; – […]
EURUSD is pulling back towards 1.13 and a bit lower. EURUSD price has broken out of a long-term downward sloping wedge pattern. Now we are most probably in the process of back testing the broken upper wedge boundary. Bulls want to see price touch the wedge from the outside and bounce. This would be a […]
ETHUSD has reversed back up after finding support at the 225 level, achieved earlier today. Momentum indicators are pointing to a positive bias in the 4-hour chart with the MACD just above trigger line and the stochastic oscillator is approaching the 80 level as the %K line is heading above the %D line. In the […]
To open long positions on GBP/USD, you need: The break in the upward trend, the possibility of which I drew attention to in my morning forecast, led to a major drop in the pound against the backdrop of a weak report on the growth of the UK economy. The task of the bulls for the […]
To open long positions on EURUSD, you need: It is expected that buyers of the euro began to return to the market after the test of the support level of 1.1290, as sellers again took a wait-and-see position and did not push the pair below. At the moment, while trading is above the range of […]
It will be a busy week for the market as investors focus on trade issues, economic data, and corporate issues. This article will highlight all the major themes that traders will be focusing on this week. United Technologies – Raytheon Merger On Saturday, the Wall Street Journal announced that United Technologies (UTX) was in talks […]
The United States and Mexico have a unique relationship. The two neighbors are some of the closest trading partners in the world, with an annual trade volume of more than $700 billion. Mexico is known s the America’s factory because most products used in the US come from the country. This process accelerated after the […]
It was a busy weekend for the market as investors focused on the Mexican and US issues. Two weeks ago, Donald Trump announced that the country would impose tariffs on Mexican goods. His argument was that Mexico was not doing enough to prevent the illegal Central American migrants who traveled through its country. Soon after […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.6937 and 0.6980. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6937, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
Overview: Pivot: 1.2798. 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 […]
FXTM Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might look out for ahead, including: •Relief sweeps across markets after United States and China reach a deal •US inflation and retail sales in focus •Gold to remain supported by trade concerns For more Market Analysis […]
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 […]
