UK 100 stock index (FTSE 100) has advanced considerably over the last couple of days after touching the 7124 support, remaining below the 50-day average. The stochastic oscillator is confirming this view, as it is heading north, approaching the overbought territory. If the price manages more bullish actions and surpasses successfully the 50-SMA, immediate resistance would […]
Now, Bitcoin is in the process of forming a defining model. If there are willing to sell the instrument at such favorable prices, this will lead to the formation of a correctional model. The purpose of the correction will be to return first to the range of the average move of the week and then […]
FUNDAMENTALS: Pound extended its decline to a 3 month low on escalating trade tensions between US and China and fading optimism that Brexit can be resolved. Sterling is the worst performer among its peers this week as the market is unconvinced that the UK Parliament can get her Brexit deal through the Parliament on the […]
NZDUSD declined earlier on Thursday, hitting a one-week low of 0.6544 but the price recovered most of its lost ground immediately. What remains to be seen is if the bulls have enough fuel to exit the steep descending trend line drawn from the April peak. The stochastic and the MACD are in favor of this scenario, suggesting more upside pressure as […]
Trump continues to up the pressure on China; imposes ban on telecom giant Huawei But some relief as US delays auto tariffs decision for now Dollar softer after unexpectedly weak data out of the United States Aussie worst performer as rise in Australian unemployment raises rate cut bets Fragile market mood as trade tensions remain […]
Description : Price is currently testing an intermediate support at 0.6558. If broken, it will confirm a further move down to its next support at 0.6520. Entry : 0.6585 Why it’s good : horizontal pullback resistance, 100% Fibonacci extension Stop Loss : 0.6629 Why it’s good : 61.8% Fibonacci retracementThe material has been provided by […]
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 […]
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 […]
On Wednesday, instead of the bottom, the market worked in the side channel (unexpectedly strong news at 17.15 Moscow time corrected the market). The price reached the pullback level of 1.1188 (yellow dotted line), but did not go further down. On Thursday, strong calendar news comes out at 15.30 Moscow time. Trend analysis (Fig. 1). […]
Today, the pair is trading between two significant areas. The determining resistance is WCZ 1/2 123.85-123.69. The test of this zone will allow you to get favorable prices for selling the instrument. As long as the pair is trading below this zone, the downward impulse will continue, and the probability of updating the monthly low […]
USDJPY paused its sell-off around the 109 round level earlier this week as the RSI signaled that bearish pressures were exhausted. The indicator is currently moving sideways along its 30 oversold mark, hinting that a consolidation phase may follow before the price potentially rebounds. Sellers could wait for the price to rise well above the 109.70-110 area and hence jump back above the […]
BTCUSD skyrocketed to a fresh eleven-month high of 8360 earlier today, but it quickly pared some of the gains, returning lower near the 20-simple moving average (SMA) in the 4-hour chart. The price is capped by the red Tenkan-sen line, suggesting a possible bearish correction while the technical indicators are also pointing down. The stochastic […]
Technical outlook: Yesterday, before pulling back, the EUR/USD prices dropped to support, just ahead of the 1.1175 levels. With overall outlook and trade direction not changing at all, we present a short-term bullish potential considering the risk/reward ratio offered. Please note that the prices found support just ahead of the 1.1175 levels. Moreover, EUR/USD bounced […]
The pound updated multi-month lows against the dollar, reaching the middle of the 28th figure. Such a low level that the pair has not seen since February of this year, when the draft deal with the EU was for the third time failed by members of the House of Commons. Now the downward dynamics of […]
Crypto Industry News: eBay denied rumors that it would start accepting cryptocurrency as a payment method. Speculation has been growing since the e-commerce giant has posted advertisements at the Consensus conference in New York. It was suggested that the increase in cryptographic prices this week, which occurred without explanation, was associated with hopes that eBay […]
Crypto Industry News: The US Securities and Exchange Commission (SEC) has delayed its decision regarding the EFT Bitwise Asset Management fund provider. The information was provided in a document published by the SEC. In a recent application, the SEC revealed that it had delayed the decision to approve or reject the Bitwise ETF and also […]
Today, the pair is trading within a weekly CZ of 0.6924-0.6911. This makes it possible to consider purchases after the pattern is formed. It is important to note that AUDUSD has already reached the average weekly movement zone. This is in favor of the appearance of buyers. For those who sold the instrument, this is […]
Technical Market Overview: Only a sustained and impulsive breakout through the technical resistance zone located between the levels of 1.1264 – 1.1273 would change the outlook from bearish to bullish, so after the failed rally attempt, the EUR/USD market moved down towards the technical support at the middle of the range at 1.1173. The price […]
Technical Market Overview: The downtrend at the GBP/USD pair continues and consecutive lower lows are being made. The price has violated the technical supports at the levels of 1.2939, 1.2875 and 1.2865 and made a new local low at the level of 1.2825. Despite the oversold conditions, this is not the end of the down […]
Morning Report: 07.00 London The Australian dollar is hurting today as a result of higher than expected unemployment figures. The AUD/USD is off the lows, but still seems set for its fourth straight day of losses. The AUD/JPY continues to struggle, falling to its lowest levels since the beginning of the year. Dollar pairs are […]
https://pepperstone.com/en/forex-news/market-review -AUD and NZD continue to slip vs USD -USD edges higher again vs MXN -BTC and ETH diverge overnight -Trump effectively bans Huawei from US markets -Aussie employment raise rate cut concerns -Central bankers are out in force today -Whose buying and whose selling US Treasuries? The overnight changes and price moves to be […]
GBP/USD The British pound lost 62 points yesterday. There is not much left to reach the target range of 1.2772-1.2814. Taking into account the fact that the pound has dropped for the ninth session in a row, the probability of a correction from the target range is high. How deep it will be is not […]
AUD / USD pair The Australian dollar is visually flat on the daily and four-hour charts. During the daytime, the marlin oscillator signal line went below the lower limit of the consolidation range. The goal of 0.6854 is now not far away. Today, disappointment befell on investors as the data on unemployment in Australia came […]
EUR/USD On Wednesday, investors were disappointed by weak data on important US economic data, US President Donald Trump postponed the introduction of automobile duties for Europe, which prevented the dollar from developing an offensive. In April, retail sales in the USA decreased by -0.2% against expectations of growth by 0.2%, industrial production in the same […]
Forecast for May 16: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1236, 1.1222, 1.1212, 1.1184, 1.1172, 1.1156 and 1.1146. Here, after the abolition of the upward trend, we are following the development of the downward structure of May 13. Short-term downward movement […]
Fundamentals: Heightened transatlantic tensions drove the currency lower as EU is ready to retaliate against $23 billion of US goods with US auto tariffs deadline of 18 May approaching. Those duties would be based on the same national – security grounds invoked for controversial American levies on foreign steel and Aluminum. US tariffs on European […]
Fundamentals: Heightened transatlantic tensions drove the currency lower as EU is ready to retaliate against $23 billion of US goods with US auto tariffs deadline of 18 May approaching. Those duties would be based on the same national – security grounds invoked for controversial American levies on foreign steel and Aluminum. US tariffs on European […]
4-hour timeframe The amplitude of the last 5 days (high-low): 93p – 69p – 57p – 100p – 69p. Average amplitude for the last 5 days: 78p (82p). Despite the fact that today there were no macroeconomic publications in the UK, and very weak macroeconomic data came from the United States, the pound sterling continued […]
4-hour timeframe The amplitude of the last 5 days (high-low): 31p – 77p – 41p – 42p – 43p. Average amplitude for the last 5 days: 47p (48p). The EUR/USD started the third trading day of the week exactly as planned. Macroeconomic reports from the eurozone did not impress or surprise traders at all. The […]
