https://pepperstone.com/en/forex-news/market-review -NZD slips vs USD on weak retail sales -GBP & EUR strangely quiet overnight -NXN remains on the back foot vs USD -Dollar index is marking time it seems -Cryptos pause for breath -UK inflation, Mario Draghi and FOMC minutes on the calendar -What could the new European parliament look like? The overnight changes […]
EUR/USD On Tuesday, the euro was trading with a 46 pip range following the British pound on news of a possible re-referendum in the UK for Brexit. The news came at the same time with the publication of the worst data on home sales in the secondary real estate market in the US – the […]
GBP/USD Yesterday, the British pound was very widely traded, with a range of 130 points, due to Theresa May’s proposal to the Parliament to adopt the option with the second Brexit referendum in exchange for her version of the deal with the EU. But in the end, the pound closed the session with a black […]
AUD/USD As we expected in the last review of the aussie, the balance and MACD lines on the four-hour chart were an insurmountable resistance for the price. The price moved down from them and closed the gap that was formed at the opening of the week. At the moment, the price is below all indicator […]
Entry : 1.3372 Why it’s good : horizontal swing low support, 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement Stop Loss : 1.3344 Why it’s good : 100% Fibonacci extension Take Profit : 1.3433 Why it’s good : 38.2% Fibonacci retracement, horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com […]
Entry: 110.687 Why it’s good : 100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance Stop Loss : 111.051 Why it’s good :61.8% Fibonacci retracement,horizontal overlap resistance Take Profit : 109.49 Why it’s good: 61.8% Fibonacci extension, horizontal swing low support. 76.4% Fibonacci retracement The material has been provided by InstaForex Company […]
Entry : 1.1187 Why it’s good : Horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension Stop Loss : 1.1225 Why it’s good : horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension Take Profit : 1.1136 Why it’s good : 78.6% Fibonacci retracement, horizontal swing low support The material has been provided by […]
Forecast for May 22: 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 of […]
Minuette (h1) Great Britain Pound vs US Dollar ____________________ GBP / USD from May 21, 2019 will develop its movement depending on the direction of the breakdown of the 1/2 Median Line channel (1.2720 <-> 1.2735 <-> 1.2750) breakdown of the Micro operational scale. ____________________ The development perspective of the upward movement (buy) The breakdown […]
Minuette (h1) Euro vs US Dollar ____________________ From May 21, 2019, the movement of the single European currency EUR/USD will be due to the direction of the range breakdown: -> resistance level 1.1155 (reaction line RL23.6 forks operating scale Micro); -> support level 1.1142 (starting line SSL forks for Micro operation scale). ____________________ The development […]
According to Bank of America analysts, in the current situation, market participants can count on solid profits when opening short positions in the EUR/JPY pair. They recommend selling the Japanese currency due to the growing demand for it. Bank analysts emphasize that in the current unstable conditions it is very difficult to predict further developments […]
The GBP/USD pair has retreated by more than 4 figures from the highest levels it marked in May. Uncertain situation around Brexit continues to put pressure on the pound sterling, reinforcing the position of the “bears”. Apparently, market participants, despite the recent announcement by British Prime Minister Theresa May that she is ready to submit […]
Today, Theresa May stirred up markets, providing unexpected support to the British currency. The pound jumped more than 100 points against the dollar when traders heard a phrase about a new referendum from the British prime minister. The upward impulse did not receive its continuation – almost immediately the pair pulled back to the area […]
Fundamental: EUR steadied as Germany’s PPI index performed better than expected showing a 0.5% increase, surpassing estimates of a 0.2% increase. However, recovery for the region remains fragile as trade tensions between China and US escalates. Zhang Ming, China’s envoy to EU indicated that China will retaliate against Trump’s recent order to restrict Huawei and […]
The Dollar index just below the previous high made in April at 98.03. Short-term trend remains bullish as price is also approaching a major Fibonacci resistance area that has already been tested twice. Red rectangle – resistance area Green rectangle – support area The Dollar index remains in a bullish trend as long as price […]
Gold price has broken below $1,276 and is trading just above $1,270. Gold price has broken below important support trend line. Gold price is at the edge of a cliff that could lead price much lower towards $1,250-25 area. Blue neckline – horizontal support (broken) Green line – support trend line (broken) Black line – […]
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 […]
Bitcoin has been trading sideways at the price of $7.847 in past 24h. Watch for selling opportunities. Nothing specially changed since our previous analysis. According to the H4 time-frame, we found that the buying climax in the background followed by the up-thrust (reversal bar) is still dominating, which is sign that buying at this stage […]
On March 29, the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) provided significant bullish support for the GBPUSD pair. This brought the GBPUSD pair again towards the upper limit of the depicted bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected […]
USD/CAD has been trading downwards and the CAD tested the level of 1.3397. We are expecting potential upside because we found strong rejection from the key support. According to the H1 time-frame, we found that there is strong test and reject from the key support at 1.3399, which is sign that sellers got no interest […]
The results of the parliamentary elections in Australia almost returned the AUD/USD pair to the area of the 70th figure, but the growing general pessimism about the prospects of the world economy did not allow the buyers of Aussie to strengthen their success. As a result, the pair fell down again, testing the levels of […]
Gold has been trading downwards as we expected. The price tested the level of $1.269. Anyway, we are expecting potential rally since there is momentum lost on the last leg down. According to the H4 time-frame, we found that there is the buy divergence on the Stochastic oscillator, which is sign that potential rally is […]
Euro buyers are now in a very depressed state. Their position has weakened and the burden of problems, which puts pressure on the single currency, is becoming increasingly difficult. In the second half of last year, the German economy nearly fell into recession, as local exports were severely affected by trade wars and falling external […]
To open long positions on GBP/USD, you need: Buyers of the pound formed a new support level of 1.2687, which should help them break above the resistance of 1.2744 in the afternoon, but much will depend on the performance of Theresa May. Fixing above 1.2744 will lead to the demolition of stop orders of sellers […]
To open long positions on EURUSD, you need: Euro buyers revived after a good report on consumer confidence, which improved slightly. To return to the market, bullish sentiment requires a breakdown and consolidation above the resistance of 1.1159, which will allow us to count on updating the maximum of 1.1180, where I recommend fixing the […]
Following the unexpectedly strong Q1 GDP data out of Japan this week, the focus now turns to April trade numbers on Wednesday (Tuesday, 23:50 GMT) and inflation figures on Friday (Thursday, 23:30 GMT). Despite the impressive growth figures, worries remain about the outlook for Japan’s economy as the October sales tax hike nears and trade […]
The Eurozone’s currency has been driving on a slippery road for more than a year now and even if the 19-member bloc doubled its growth in the first quarter of 2019, downside risks in both the political and economic spheres continue to linger in the background, flagging another tough month for the euro. In the […]
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 […]
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 […]
ETHUSD has been on the sidelines over the last week as the price struggle near the 20-simple moving average (SMA). Technically, the price could lose some ground in the short-term as the RSI is changing direction to the downside and is moving towards its 50 neutral mark, while the stochastics are creating a bearish cross within %K and %D lines. […]
