Crypto Industry News: One of the largest peer-to-peer cryptocurrencies, LocalBitcoins.com, has banned users living in Iran, according to information published on the company’s website. The source previously informed the financial media in an e-mail that the impulse to limit Iranian transactions was to comply with financial regulations in Finland, where the headquarters of LocalBitcoins.com is […]
Crypto Industry News: The new cryptographic exchange platform, in which Yahoo Japan owns a large share, will be launched after more than a year of development. A new platform, called Taotao, announced on Twitter on Sunday that it will be launched on Thursday, May 30 at noon local time. According to the exchange website, Taotao […]
EUR / USD On Monday, in the absence of American traders in the market, the euro was trading in a narrow range, bounded below by the MACD line, above the Fibonacci 100.0% on the daily scale chart. Today, in the Asian session, the euro has taken a move in the direction of less resistance, which […]
GBP / USD pair On Monday, the price reached the Fibonacci correction level of 23.6% as indicated on the daily chart. This level coincided with the MACD line on the four-hour chart, which together became an irresistible resistance for the price. The pound closed the day with a decrease of 33 points. The price before […]
When the European market opens, some economic data will be released such as Private Loans y/y, M3 Money Supply y/y, German Import Prices m/m, and German GfK Consumer Climate. The US will also publish the economic data such as CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m, so amid the reports, the EUR/USD […]
In Asia, Japan will release the BOJ Core CPI y/y, SPPI y/y and the US will publish some economic data such as CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3 […]
https://pepperstone.com/en/forex-news/market-review -The dollar strengthens versus the euro -AUD pushes back vs USD does it have 0.70 in its sights? -Cryptos are moving higher again -The fall out from EU elections reverberates across Europe -Consumer and business confidence data on tap -The ever-growing number of candidates for the UK’s top job -Is the US economy growing […]
Forecast for May 28: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1269, 1.1248, 1.1217, 1.1206, 1.1191, 1.1167, 1.1154 and 1.1136. Here, the price forms the potential initial conditions for the upward movement of May 23. Continuation of the movement to the top […]
Last week, Greenback updated its multi-month highs, but ended with a decline against most major currencies. This reversal, apparently, made many think about what happened. The dollar, considered a safe-haven asset, usually responds by reinforcing the risk aversion, the indicator of which is the fall in the value of stocks and oil prices. However, this […]
If the market initially believed in saving a trade, now hopes are scattered. The absence of a trade agreement between the United States and China, as well as the option of a protracted technological war between the two largest economies, form a bearish mood. As the leading strategists of the world, including Citigroup, note, the […]
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 […]
Since January 10, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. For Intraday traders, the price zone […]
On Monday, May 27, cryptocurrency number 1 demonstrates steady growth, coming close to the mark of $9000. The Bitcoin rate has reached $ 8755.10 and analysts say that it is ready to continue moving. According to the observations of experts, the leading digital currency has risen by almost 140%since the beginning of 2019 and reached […]
By the end of the last trading week, the Euro / Dollar currency pair showed low volatility of 36 points. Yet, the correction phase was retained even with this small amplitude. From the point of view of technical analysis, we see that the long-awaited correction against the background of the overbought dollar has come to […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3457. The pair rose from the level of 1.3457 (the level of 1.3457 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3505. But it rebounded from the top pf 1.3505 to 1.3477. Today, the first support level is seen […]
EURUSD bounced towards 1.12 but now we see the usual rejection signs once price reaches the upper channel boundaries. Medium-term trend remains bearish as price continues to make lower lows and lower highs. Red lines – bearish channel EURUSD has been inside this bearish channel since the start of the year. The recent bullish reversal […]
BTC has been trading strongly upside. There was the breakout of the ascending triangle, which is good sign for further upside movement. White lines – Ascending triangle (broken) Yellow rectangle – Resistance level Red horizontal line– Projected target for the Ascending triangle The breakout of the Ascending triangle did confirm the strong bullish bias. You […]
Overview: The USD/CHF pair continues moving in a bullish trend from the support levels of 1.0123 and 1.0177. Currently, the price is in an upward channel. This is confirmed by the RSI indicator signaling that the pair is still in a bullish trend. As the price is still above the moving average (100), immediate support […]
Quiet day today as there is trading holiday in the US. Gold market is showing no clear direction today although price is a bit higher than Friday’s trading session. Nothing is clear yet for the medium- or long-term trend for Gold. Green line -long-term support trend line Blue neck line – horizontal support Black line […]
As with the past few weeks, the focus among traders this week will be on trade. This is because, almost three weeks ago, the US announced that it would place a 25% tariff on Chinese goods worth more than $200 billion. Shortly afterwards, the US announced that it would place a ban on Huawei. The […]
In the past few months, the sterling has been under siege. The currency has continued to decline as investors have continued to focus on the Brexit issue. The country was expected to leave the European Union in March this year. This did not happen because the parliament refused to pass the Brexit deal presented by […]
On Friday, the US dollar declined slightly after the release of the durable goods orders. The numbers showed that the core durable goods orders remained unchanged in April. This was slightly lower than the 0.2% gain that investors were expecting. The durable goods orders declined by -2.1%, which was much lower than the expected decline […]
The Bank of Canada (BoC) is widely expected to keep its policy unchanged on Wednesday at 14:00 GMT. Recent economic data and some remarks by Governor Poloz argue for a slightly more confident tone overall, which may lift the loonie. That said, simmering trade tensions and other risks will likely keep a lid on the […]
The US 500 stock index has declined considerably from the fresh all-time high of 2960.48, penetrating the Ichimoku cloud in the daily timeframe. The bearish correction picture in the short term is further supported by the MACD, which is falling below its red signal line and the RSI indicator which is turning slightly lower. Should prices move lower, support […]
To open long positions on the GBP / USD pair, you need: Buyers failed to keep the pair above the level of 1.2696, to which I paid attention in my morning forecast that they would maintain a downward impulse. In the afternoon, a return and consolidation above the resistance of 1.2969 are required, which will […]
GBP has been trading downwards as we expected. The price tested the level of 1.2665. We are expecting more downside on GBP due to breakout of the upward channel. White line – broken upward channel Yellow rectangle – Support 1 Red rectangle– Support 2 The breakout of the upward channel did set the tone for […]
To open long positions on EUR / USD pair, you need: The lack of important fundamental data led to a slight downward correction of the euro. However, buyers are trying to build the lower boundary of the rising channel in the support area of 1.1192. False breakdown at this level will be a signal to […]
Gold has been trading sideways at the price of $1.285.35. We found that Gold lost momentum on the last up swing, which is potential sign of the downward movement. White line – bearish divergence Red horizontal line- Support 1 Red horizontal line– Support 2 We found bearish divergence on the Stochastic oscillator, which is sign […]
EUR / USD pair On Friday, May 24, the EUR/USD pair trading ended with an increase of 25 basis points. Nevertheless, the current wave is counting despite the two-day growth of the Euro-currency. It suggests the construction of a downward set of waves, which remain in force. The only thing that should be noted is […]
4 hour timeframe Technical details: Senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 99.6865 Well, Theresa May resigns and 7 politicians, including Boris Johnson, are immediately marked in her place. Then, elections to the European Parliament are over. In general, Eurosceptics […]
