Wave counting analysis: On May 13, the GBP / USD pair lost about 50 basis points. However, this did not affect the clarification of the current wave marking. Moreover, the wave pattern is completely confusing. If you look at the part of the trend that takes its start on February 27, then it is obvious […]
Wave counting analysis: On Monday, May 13, trading ended for EUR / USD by 15 bp decline. However, during the day, the pair had an attempt to break through the previous supposed peak of wave 2. Thus, there is a growing chance that wave 2 will take on a clearly marked three-wave shape or the […]
Although the macroeconomic calendar was completely empty, market participants were not bored. As soon as it became known that China was introducing retaliatory duties on goods from the United States with a total of $60 billion, investors began to play against that same dollar. Fears were fueled by rumors that the Celestial Empire could stop […]
For the last trading day, the euro / dollar currency pair showed a relatively low volatility of 42 points, but still having an attempt to break the newly formed cluster. From the point of view of technical analysis, we had a move towards a local maximum on May 1, 1.1264, where the quotation felt a […]
Over the last trading day, the pound / dollar currency pair showed high volatility of 99 points, as a result of having a breakdown of stagnation and a pulse candle. From the point of view of technical analysis, we see that the holding level of 1.3000 fell and a pullback followed by stagnation served as […]
Trend analysis (Fig. 1). On Tuesday, technical analysis demonstrates an upward movement. The first upper target of 1.2997 is the pullback level of 24.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis […]
To open long positions on the GBP / USD pair, you need: Pound buyers, for stopping a downtrend, need to form a false breakdown in the support area of 1.2943 with confirmation of divergence on the MACD indicator. Only after that, it will be possible to count on a repeated upward correction in the area […]
Trend analysis (Fig. 1). Today, the upward movement with the target of 1.1264 is the upper fractal. In case of a breakthrough, a further upward movement with the target of 1.1275 is a pullback level of 76.4% (yellow dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – […]
After a short pause, China has taken a number of retaliatory measures to increase import tariffs from the United States. Starting June 1, duties on goods amounting to 60 billion will be raised and despite the fact that US exports to China are significantly inferior in terms of imports, measures taken by China are more […]
To open long positions on EUR / USD pair, you need: Yesterday, the bulls failed to keep trading above the level of 1.1241. Today, euro buyers need to return and consolidate above the new resistance of 1.1251 in the first half of the day, which will maintain an upward momentum and lead to an update […]
No important news in the calendar. From the unplanned: New mutual shots in the US-China trade war. Recall: last Friday, Trump raised duties on $ 200 billion-worth of goods from China from 10% to 25%. Yesterday, on Monday, May 13, China responded by announcing that from June 1, it would raise duties on $60 billion-worth […]
GBPJPY came under strong pressure after closing below the 143.75 key support level last week, with the price falling towards a three-month low of 141.19 on Monday. The sell-off however could be overstretched as both the RSI and the Stochastics are fluctuating near oversold levels, a signal justified by the current positive price movement. A […]
The Downward movement remains a priority. It is important to note that the implementation of the recurrent model occurred, which was aimed at the level of 1.0110. The next target of the downward movement will be the weekly control zone of 1.0024-1.0004. Achieving this goal will allow you to record sales by 100% since it […]
Technical Market Overview: The GBP/USD pair has tried again to break through the trendline, but bulls failed again and the fakey candlestick pattern was made ( the classic pattern is Bearish Engulfing which is a trend reversal pattern). The bears pushed the prices lower towards the new local low at the level of 1.2929. Any […]
Yesterday, the determining zone of resistance of the WCZ 1/2 1.3490-1.3479 was tested, which stopped the growth of the pair again. In order to sell an instrument, you need a “false breakout” pattern. The first goal of the decline can be considered in the range of the average daily rate from today’s maximum. This will […]
Yesterday, the pound ignored the news that Labour had resumed negotiations with the representatives of Theresa May’s government. As a result of the April talks, it became clear that the parties are still on opposite sides of the barricades and are not ready to make reciprocal concessions of a substantial nature. In addition, internal political […]
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 […]
China retaliates by raising its own tariffs against US products, throwing markets into turmoil But some optimism returns to markets after Trump says he thinks trade talks will “be very successful” Gold softer after surging on Monday, stocks sell-off eases Volatility eases as Trump keeps trade deal hopes alive After a day of turmoil in […]
BITCOIN bounced off $7,500 amid the impulsive bullish momentum as expected. So, BTC reached the next milestone price area of $8,000 in the overnight trade in no time. The price is trading in the impulsive and non-volatile manner. Amid the persistent bullish pressure, BTC is expected extend its wings further with a target towards $10,000 […]
Technical Market Overview: The EUR/USD pair has moved higher towards the technical resistance located at the level of 1.1264, but failed to break through it. The move up is not impulsive, but it is still corrective in nature, so it is not the beginning of an uptrend, but the continuation of the previous cycle. Only […]
Crypto Industry News: Lucien Chen – former technical director (CTO) and co-founder of the Blockchain Tron (TRX) protocol – announced that he was leaving the project, claiming that it had become excessively centralized and deviated from the basic principles. Chen revealed his decision on the Medium blog. In his statement, Chen describes the story of […]
USD has gained momentum against GBP recently which lead the price to break below 1.30 area with a daily close. It is a sign of further bearish momentum for the coming days. The British pound fell a bit initially to kick off the trading session on Monday as China announced further tariffs against the US. […]
Crypto Industry News: Bitcoin will have a 5% market share around the world by 2023, VC investor Tim Draper said in a tv interview. Speaking at the SALT Conference in Las Vegas, Draper – who became an unbending supporter of Bitcoin – said that the largest cryptocurrency would continue to rise on price: |In my […]
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 […]
Morning Report: 07.00 London Haven asset demand is slipping this morning despite the tariff battle rumbling on. The Japanese yen is hitting reverse gear hard, with the USD/JPY undoing nearly all of yesterday’s losses after hitting a low just above 109.00. Other yen pairs are also recovering, with the AUD/JPY rebounding from below 76.00 this […]
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Today, investors will continue to focus on the ongoing trade conflict between the United States and China. This is after China announced that it will put additional tariffs on goods worth more than $60 billion. These tariffs will be targeted at some industries like agriculture and manufactured goods. Traders will continue to look at the […]
GBPUSD extended last week’s decline towards the 200-day simple moving average (SMA) on Monday and could lose further if the RSI and the MACD remain in bearish territory. The fast-stochastic oscillator, however, suggests that in the very short-term upside corrections are possible as the indicator heads for a bullish cross in oversold area. The previous low of 1.2864 (bullish doji), which is slightly […]
This May XM hosted an exclusive forex seminar in the Thai capital, Bangkok, where we had the pleasure of welcoming a great number of online investors who took a serious interest in learning from professionals. The educational event held at The Athenee Hotel on 11th May, had forex instructor Feungtot Paitivetwanakit as keynote speaker, who […]
