NZDUSD has been in a strong bearish rally over the last two months, reaching a fresh seven-month low of 0.6482 earlier today. What remains to be seen is if the bears have enough fuel to continue this sharp negative movement as the technical indicators are suggest the opposite. The MACD and the stochastics are ready […]
Sterling hammered on expectations PM May could resign soon German PMIs disappoint – euro may stay under pressure Risk aversion deepens as markets fear ‘new cold war’ Fed minutes reaffirm neutral stance, dollar advances No reprieve for sterling as May fights for political survival The British pound continues to be hammered by political uncertainty, with […]
On Thursday morning, sellers pushed the EURUSD rate near the support area of 1.1110 – 1.1130 – at the time of 7:40 London time. The euro showed a low of 1.1133 The picture looks like an attempt to break down is inevitable. The Fed’s “minutes” came out on Wednesday – reports from the last Fed […]
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To open long positions on GBP/USD you need: Yesterday’s resignation of the leader of the House of Commons hit the pound positions, but buyers have a chance for a correction. This requires a quick return to the resistance level of 1.2670, from which you can count on the demolition of a number of sellers’ stop […]
To open long positions on EURUSD you need: Volatility is very low, and, most likely, the pressure on the euro will continue. From a technical point of view, nothing has changed from yesterday. It is best to return to long positions after updating a large support level at 1.1143, provided that a false breakdown is […]
On Tuesday, the market in both currencies moved down. For the pair GBP / USD, the price moved down confidently, testing the rollback level of 76.4% – 1.2662 (blue dashed line). For the EUR / USD pair, it moved down in the side channel, tested the support line – 1.1150 (blue bold line) once again. […]
Technical Market Overview: After the big Pin Bar candlestick with a high at the level of 1.2811 (Fakey) on the GBP/USD market, the bears have again pushed the prices lower towards the level of 1.2614. It means the bulls are still too weak to start any meaningful upward correction and the move down continues despite […]
Theresa May’s last-ditch attempt to secure support for her hard-fought Brexit deal failed dramatically on Tuesday with the beleaguered UK prime minister facing strong criticism from opposition parties as well as her own MPs. The pound has slumped on the overwhelmingly negative response to May’s tweaked Brexit offer to Parliament as a disorderly exit from […]
USDJPY paused its buying interest from 109.00 earlier this week, touching the 23.6% Fibonacci retracement level of the upleg from 104.64 to 112.40, around 110.60. The price was capped by the 20-day moving average, which is acting as a strong resistance obstacle, while the technical indicators are moving lower. The RSI is pointing down in […]
Technical Market Overview: The EUR/USD market keeps trying to break through the technical resistance zone located between the levels of 1.1167 – 1.1174, but no avail so far. There were some attempts to rally but were quickly capped by the bears. The short-term outlook remains bearish and there is no signs or any trend reversal […]
Crypto Industry News: According to TASS, the Central Bank of Russia believes that the bill regulating cryptocurrencies is sufficiently prepared to be adopted in spring 2019. Olga Skorobogatova, the first deputy governor of the Russian central bank, said that the bank expects the adoption of the “On Financial Financial Assets” (DFA) cryptographic act during the […]
Crypto Industry News: The Israeli judge ruled that Bitcoin is capital, not currency, as reported by the local Globes news site. The decision is significant because it means that the profits from the sale of cryptocurrencies will now be subject to capital gains tax. Noam Copel, who founded the Starup Blockchain DAV, bought Bitcoins in […]
USD / JPY pair On Wednesday, the USD/JPY pair lost 13 points after testing the support line, which was recently resistance. Here, the price checked the strength of two technical lines at once with the red lowering price channel and the green rising. The daily scale Marlin oscillator signal line did not react to this […]
Morning Report: 07.00 London This morning, the British pound is extending its record losing run against the euro as May’s Premiership teeters on the brink. The EUR/GBP reversed early losses yesterday, with follow-on buying today as the pair holds above 0.8800. The GBP/JPY is firmly below 140, while the GBP/USD continues to slide, sitting below […]
EUR/USD The publication of the FOMC Fed minutes on Wednesday evening did not affect the general mood of investors. The committee considers the current rates to be balanced; in the long run, even a reduction in the base rate is possible. In the current political situation, we believe that even if the Fed lowers the […]
GBP/USD At the end of yesterday, the British pound lost 41 points in connection with Theresa May’s next failure to reach an agreement with MPs on the terms of the Brexit deal. The April inflation figures were moderately optimistic, but they did not help the national currency. UK retail prices rose from 2.4% y/y to […]
Technical outlook; There has been no significant change in price movement within 24 hours. The EUR/USD pair is stalling ahead of its interim support at 1.1111 levels. This pair needs to come to its selling pressure. Hence, we are more inclined towards a contrarian trading direction in the short term. Until prices remain above 1.1111 […]
When the European market opens, some economic data will be released such as German Ifo Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Manufacturing PMI, French Flash Services PMI, and German Final GDP q/q. The US will also publish the economic data such as Natural […]
In Asia, Japan will release the Flash Manufacturing PMI and the US will publish some economic data such as Natural Gas Storage, New Home Sales, Flash Services PMI, Flash Manufacturing PMI, and Unemployment Claims. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]
https://pepperstone.com/en/forex-news/market-review -GBPUSD testing to four-month lows -CAD and MXN fall vs USD -ZAR is on the backfoot as dollar index advances -Japanese manufacturing is shrinking economically speaking -The Fed will try to leave base rates alone if it can -The EU is ready for trade talks is the US? -Trade wars and market risk, is […]
Forecast for May 23: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1222, 1.1212, 1.1197, 1.1184, 1.1156, 1.1144 and 1.1112. Here, we continue to follow the development of the downward structure of May 13. Short-term downward movement is expected in the range between […]
Price is approaching our first resistance level. Entry : 0.8858 Why it’s good : 61.8% Fibonacci retracement, channel’s resistance Stop Loss : 0.8956 Why it’s good : horizontal overlap resistance, 78.6% Fibonacci retracement Take Profit : 0.8773 Why it’s good :23.6% Fibonacci retracement, horizontal overlap support The material has been provided by InstaForex Company – […]
Price is approaching its resistance at 1.0597 where it could potentially reverse to its support at 1.0552. Entry : 1.0597 Why it’s good : horizontal swing high resistance, 61.8% Fibonacci extension,38.2% Fibonacci retracement Stop Loss : 1.0648 Why it’s good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement Take Profit : 1.0552 Why it’s good : […]
USDJPY reversed off resistance, a drop to first support is possible Entry: 110.687 Why it’s good : 100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance Stop Loss : 111.079 Why it’s good :61.8% Fibonacci retracement,horizontal overlap resistance Take Profit : 109.485 Why it’s good: 61.8% Fibonacci extension, horizontal swing low support. […]
A comprehensive analysis of the options for the development of the movement from May 23, 2019 currency instruments EUR / USD h4 vs USD / JPY h4 vs EUR / JPY in the Minuette operating scale (H4 time frame) Minuette operational scale (h4) ____________________ Euro vs US Dollar The movement of the single European currency […]
4-hour timeframe The amplitude of the last 5 days (high-low): 97p – 64p – 86p – 42p – 129p. Average amplitude for the last 5 days: 84p (72p). The pound sterling, after a correction to the critical line, based perhaps on the assumption of Theresa May holding a second referendum, very quickly resumed the downward […]
4-hour timeframe The amplitude of the last 5 days (high-low): 47p – 58p – 29p – 24p – 46p. Average amplitude for the last 5 days: 41p (40p). The euro/dollar currency pair started a second round of upward correction on May 22 with a view to the Kijun-Sen line. The MACD indicator did not even […]
EURUSD bulls tried to push prices higher but they were stopped by stronger sellers. Price has produced to upper candlestick tails depicting the inability of bulls to reach 1.12 and the strength of sellers pushing price lower each time rose towards 1.1180-1.1190. Red line – resistance trend line Red rectangle- support area Green rectangle – […]
Gold price remains in a weekly down trend after getting rejected at $1,350 area. Price has potential to go towards $1,210 as explained in previous weekly chart analysis. Gold price current action confirms this view if we break below $1,266. Blue line – long-term resistance trend line Red line – long-term support trend line Gold […]
