EUR/USD On Thursday morning, the euro was under pressure due to weak eurozone PMIs in May; business activity in the services sector decreased from 52.8 to 52.5, there was a drop in the manufacturing sector from 47.9 to 47.7. The euro lost almost 50 points, as was the information about the US intention to impose […]
The euro continued to decline in the morning after the publication of the minutes of the ECB meeting held on April 9-10. In them, the leadership of the central bank expressed concern about weak inflation and a sharp slowdown in the manufacturing sector, which we will discuss below. ECB leaders also warned that the eurozone […]
The bearish sentiment on the euro-dollar pair today unexpectedly gave way to the bulls after an unsuccessful attempt to storm the 10th figure. Apparently, buyers have not lost hope for a radical change in the situation. The market actually ignored the minutes of the last Fed meeting. Traders did not see anything new there, and […]
4-hour timeframe The amplitude of the last 5 days (high-low): 64p – 86p – 42p – 129p – 95p. Average amplitude for the last 5 days: 83p (84p). If the European currency received a new portion of the negative in the form of weak macroeconomic reports from the European Union, the British pound was deprived […]
4-hour timeframe The amplitude of the last 5 days (high-low): 58p – 29p – 24p – 46p – 31p. Average amplitude for the last 5 days: 38p (41p). On the penultimate trading day of the week, the euro/dollar pair resumed to decline and has already completed the first support level of 1.1120 and came close, […]
BTC price has has been trading downside as we expected. BTC tested and rejection of the $7.417. Anyway, we still expecting more downside on the BTC. Red horizontal line – horizontal support Red Horizontal line 2 – horizontal support Red rectangle – Resistance cluster Breakout of symmetrical triangle in the background was the key for […]
GBP/USD price has has been trading upside as we expected. The GBP tested the level of 1.2670. We are still expecting more upside on the GBP. Red horizontal line – horizontal resistance White line- Bullish divergence line The bullish divergence on the H4 time-frame did set the tone for the day. The price is now […]
EURUSD has been trading weak all morning breaking below 1.1150 support and reaching 1.11 as expected. In previous posts continued to note that trend remains bearish as long as price is below 1.1230-1.1260 but there were significant bullish divergence signs by the RSI. EURUSD has now made a 180degree turn with a 4 hour candle […]
Gold price has has been trading upside as we expected. The Gold tested the level of $1.287. We are still expecting more upside on the Gold. Yellow rectangle – horizontal resistance Orange rectangle- horizontal resistance 2 Gold has been trading upside and our first target from yesterday at $1.287 is on the test. The momentum […]
Gold price was breaking below important support of $1,276 and was about to test $1,266 low. Price reversed and we are now looking at another try from bulls to change the trend. Resistance is still formidable at $1,300-$1,290 area so bears are still alive. Black line – resistance trend line Green line – major support […]
On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, 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 […]
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 […]
EURGBP staged a mighty rally over the past weeks, crossing above its 50- and 200-day simple moving averages (SMAs) to touch the 0.8840 zone, before retreating somewhat. The near-term outlook seems to have turned positive, though a clear break above 0.8840 is needed to confirm that. Short-term momentum indicators, on the other hand, suggest a […]
The threat of an escalation of the US and Celestial trade war triumphed the greenback and hit primarily on the positions of the currencies of developing countries. Based on the reports of Bloomberg, the salvo released by Donald Trump on May 10 for Chinese imports in the amount of $200 billion helped the US currency […]
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 […]
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 […]
Business growth in the eurozone has accelerated but it is difficult to call it good news for the euro. The rise was minimal due to the ongoing downturn in the manufacturing industry. The data confirms the words of the ECB President Mario Draghi about the need for “greater support for the eurozone economy.” The IHS […]
The dollar has updated the monthly maximum and is not going to stop; the economic and political uncertainty that has swept Europe and Asia is pushing the “American” up and putting pressure on most major currencies, including the euro and the yuan. The problems of German production, the consequences of the trade war for Asian […]
CADJPY has been finding strong resistance on the 82.60 barrier, falling beneath the 20-simple moving average (SMA) in the daily chart. Since mid-January, the pair has been trading within a narrow range between the 61.8% Fibonacci of the downleg from 89.25 to 76.60, near 84.40, and the 80.90 support. Having a look at the momentum indicators, the RSI is pointing down below the neutral […]
The next highlight for the dollar will be the release of US durable goods orders for April, on Friday at 12:30 GMT. Forecasts point to a soft set of data, possibly due to weakness in demand for commercial aircraft. While a disappointment may hurt the dollar on the news, the broader outlook for the greenback […]
Copper futures with delivery on July 2019 are falling below the 20- and 40-simple moving averages (SMAs) in the daily chart. Moreover, the technical indicators remain in bearish territory, with the RSI sloping down in oversold zone and the MACD oscillator is still endorsing the bearish view as it is weakening below its trigger line. […]
According to some analysts, the black gold market is preparing for a large-scale collapse. Experts believe that the first alarming bell is the collapse of quotations by more than 2%. This is the most significant drop in the last two weeks, experts remind. Prices for black gold began to fall in the morning on Thursday, […]
The minutes of the May meeting of the Fed, promulgated on Wednesday, as we expected showed the desire of the American regulator to continue to take a wait-and-see attitude towards monetary policy. Recall that following the meeting, the Fed decided to leave the key interest rate unchanged and announced that it will closely monitor the […]
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EUR / USD On Wednesday, May 22, trading on the EUR / USD pair ended with a decline of 10 basis points. The wave pattern of the instrument does not change completely, as the euro drops by 10-20 bp each day, continuing to build a downward wave, presumably 3, 3, 3. Markets can only remain […]
For the last trading day, the currency pair pound / dollar showed volatility which is almost equal to the average daily 95 points, as a result of maintaining the downward interest in the market. From the point of view of technical analysis, we have a complete coincidence of the previously laid out forecast. The quote […]
Listen, all the popcorn has already been eaten and they continue to aggravate the situation. The leader of the House of Commons has already resigned because of her disagreement with Theresa May’s new plan in agreement with the European Union. Andrea Linds stated that she categorically disagreed with the possibility of holding a referendum on […]
Panic sales are again on the agenda. If the decline in the US stock indices is still insignificant, the S&P 500 declined on Wednesday by 0.28%. Consequently, Asian sites are falling much more pronounced. The Nikkei is losing by 0.7%, the Shanghai Composite by more than 1%, the July futures for Brent have come close […]
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 […]
