Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6571. On the H1 chart, the level of 0.6571 coincides with 38.2% of Fibonacci, which is expected to act as minor resistance today. Since the trend is below the 38.2% Fibonacci level, the market is still in a […]
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 […]
Thursday was marked by the strengthening of the greenback to all major currencies. Yesterday, the dollar reached its highest value since May 3 – 97.8 points. Today, the USD index continues to trade near the 2-week high. The American currency was supported by the April release of the real estate market and the weekly report […]
EUR / USD On Thursday, May 16, trading ended for EUR / USD by 30 bp lower. New sales of the tool are fully consistent with the current wave marking, involving the construction of a downward wave of 3, 3, 3 with targets under the 11 figure. The US dollar grew yesterday on all fronts […]
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 […]
WTI crude oil futures found strong support at the 23.6% Fibonacci retracement level from the one-and-a-half-year low of 42.50 to the recent peak of 66.60 over the last two weeks, remaining also above of the ‘golden cross’ within the 50- and 200-day simple moving averages (SMAs). The stochastic oscillator is approaching the overbought levels, giving signals […]
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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 […]
Pound continues to slide as cross-party Brexit talks set to end and countdown begins to PM May’s exit Euro also on the backfoot as Italian political worries re-emerge US dollar climbs to 2-week high following strong corporate earnings and solid US data Pound extends losing streak as Brexit risks rise Sterling is on track to […]
Selling interest is continuing in the AUDJPY market, pushing the price towards a new four-month low of 75.37. The price is also holding beneath the red Tenkan-sen and the blue Kijun-sen lines, while the MACD is strengthening its bearish momentum below zero. The RSI is bearish as well, though under its 30 oversold mark. Another signal for more sell-off […]
Trend analysis (Fig. 1). Today, the price can continue to move down with the goal of 1.1148 – the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes […]
To open long positions on GBP/USD you need: While there are still differences within the British parties regarding Brexit, buyers of the pound will remain on the sidelines without taking any active steps. The best scenario for stopping the bearish trend today will be the test of the support level of 1.2769 with confirmation of […]
Trade disputes between the United States and China are beginning to acquire more and more features of open confrontation. On Thursday, a spokesman for the Ministry of Commerce of China said that the United States was abusing defensive control measures, which made the negotiation process more difficult, while the United States was preparing to tax […]
USDCAD has been range-bound for another week within the 1.3520-1.3375 area, while candles keep closing above the lower line of the symmetrical triangle. The sideway move in the RSI and the flattening Ichimoku indicators (Tenkan-sen, Kijun-sen) signal that the pair may extend its neutral performance in the short term. On the upside, the price would have to finish a session comfortably […]
To open long positions on EURUSD you need: The pressure on the euro persists amid weak eurozone reports. It is best to return to buying EUR/USD after consolidating above the resistance of 1.1181, which will lead to an upward correction to the level of 1.1205, where I recommend taking profits. In case the euro further […]
For the third week, the formation of a medium-term accumulation zone continues, where the main levels of support/resistance are monthly extremes. Today, the pair is trading within the a WCZ, which makes it possible to consider both the growth resumption model and the reversal pattern that will allow selling the instrument early next week. During […]
Morning Report: 07.00 London This morning, the British pound remains weak as Brexit fears and a leadership change spook markets. The GBP/USD sunk through support yesterday and this momentum is continuing this morning. The GBP/JPY continues to struggle, while the EUR/GBP continues to climb. The US dollar index remains strong and is poised to challenge […]
USD/JPY On Thursday, the USD/JPY pair consolidated above the red line of the price channel, above the level of 109.48, closing the day with an increase of 23 points. On the four-hour chart, the current price is higher than the indicator lines of balance and MACD, the marlin oscillator in the growth zone. Perhaps the […]
GBP/USD So, after a ten-day hike, the pound reached its target of 1.2772-1.2814, as yesterday it stopped on the price channel line of the daily chart. Now we are faced with the question – will the market move to correctional growth or will it continue to decline towards the next target at 1.2660? The indications […]
EUR/USD Every day the euro is under increasing pressure from fears on the eve of elections to the European Parliament. The greatest imbalance is made by the “Italian protest” to the EU rules, both from the current government and from the opposition. The eurozone’s trade balance for March showed a disappointing result of 17.9 billion […]
https://pepperstone.com/en/forex-news/market-review -CAD & MXN give ground vs USD -JPY appreciates against the greenback -The yuan is lower again -New Zealand PMI bounces back -Eurozone CPI and Fed speakers on the calendar -Economists are growing more concerned about the US economy -Eurozone data has picked up why not the currency? The overnight changes and price moves […]
Crypto Industry News: One-third of Ethereum is owned by just 376 whales, according to new research. Startup Blockchain Chainalysis has published a study showing that while 376 people control 33% of the circulating supply in 2019, this figure is actually lower than in 2016 and 2017. The study also showed that whales do not have […]
Crypto Industry News: The creation of regulations for cryptocurrencies is not a priority for the Russian government, because cryptocurrencies have lost their popularity, the Russian prime minister recently argued. Prime Minister Dmitry Medvedev’s comments have been reported by the Russian news agency Fontanka. According to Medvedev, cryptocurrencies are no longer so interesting to the population, […]
Technical Market Overview: There is no rest for the bears on the GBP/USD pair as the market keeps doing the lower lows in the downtrend despite the extremely oversold conditions. The price just recently hit the technical support at the level of 1.2788 after a series of down candles were made in order the break […]
Technical Market Overview: The EUR/USD market has moved lower towards the dynamic trendline support located around the level of 1.1178 and is currently testing this zone together with the technical support located at the level of 1.1167. Any violation of this support might lead to another leg down towards the level of 1.1118 – 1.1111 […]
Want to know where the markets will move next? Join the FX Evolution team as they look at supply and demand zones, while deep-diving into some live market analysis to identify where the market might be moving and why. What you’ll learn: 1. Where to place stops based on price action 2. Live market analysis […]
Minor Euro vs US Dollar Previous Review from 05/02/2019 15:38 UTC + 3. ____________________ In the second half of May 2019, the development of the single European currency movement EUR / USD will be determined by the direction of the range breakdown: -> resistance level of 1.1200 (median line of the pitchfork operating scale minor); […]
Description : EURJPY near key resistance, a drop to first support is possible Entry: 123.26 Why it’s good :100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance Stop Loss : 124.25 Why it’s good :100% Fibonacci extension,50% Fibonacci retracement,horizontal swing high resistance Take Profit : 122.10 Why it’s good: 61.8% Fibonacci extension, […]
According to some analysts, Chinese authorities are showing a growing appetite for increasing the country’s gold reserves. Last week, the central bank of China announced its purchase of a record amount of the precious metal. Analysts are certain that this is not the limit, and that China will continue to increase its reserves of the […]
