Trend analysis (Fig. 1). On Wednesday, technical analysis demonstrates an upward movement. The first upper target of 1.2944 is the pullback level of 14.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis […]
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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 […]
Trade worries continue to ease after Trump calls latest escalation “a little squabble” Equities attempt a rebound on the back of the improving risk appetite But aussie and yuan held back from disappointing Chinese data Risk appetite recovers on Trump’s “little squabble” comments The US president, Donald Trump, sought to play down the latest spat […]
For the last trading day, the currency pair pound / dollar showed a low volatility of 69 points, but this small amplitude was enough to keep the bearish interest. From the point of view of technical analysis, we see that, as predicted, the downward interest remained, reaching the first level of 1.2920 and fixing below […]
Trend analysis (Fig. 1). Today, the downward movement can continue with the target of 1.1188 – a rolling level of 50% (yellow dashed line). In case of a breakthrough, the further downward movement with the target of 1.1170 is a pullback level of 61.8% (yellow dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator […]
The EUR/USD pair dropped towards support at 1.1200 levels before finding some relief. It is seen to be trading at 1.1208/10 levels at this point in time and might be looking to rally. Please be aware that the recent drop from 1.1260 is corrective (3 waves), hence yet another high above the 1.1260 mark cannot […]
To open long positions on GBP / USD you need: In order to stop a downward trend, buyers of the pound require a return and consolidation above the level of 1.2930, which they lost yesterday in the afternoon after a slight upward correction, which was formed due to the divergence on the MACD indicator. Only […]
We are pleased to announce that XM has recently won two further prestigious forex awards from the UK-based CFI.co (Capital Finance International): Best Customer Service Global 2019 and Best Market Research and Education Global 2019. For the third consecutive year since 2017, CFI.co has recognized XM as a financial services company true to its core […]
AUDUSD has been driving on a slippery road the past five weeks, breaking a key support around the 0.70 level to reach a fresh four-month low of 0.6921. The RSI is close to its 30 oversold level but the bears have yet to challenge the lower Bollinger band, a sign that more losses could follow […]
To open long positions on EURUSD you need: Buyers are now required to return and consolidate above the resistance of 1.1220, and only good data on eurozone GDP, which should be better than economists’ forecasts, will help to do this. Only in such a scenario can we expect a new bullish momentum in order to […]
Crypto Industry News: South Korean electronics giant Samsung plans to introduce cryptocurrencies and Blockchain functions to more phones from the entire Galaxy family. Referring to Samsung’s press release, Business Korea announced that the company will make its digital portfolio application available even in cheaper models and will expand cryptographic functions for more countries. The Samsung […]
The strong upward movement in the first half of this month allowed gold to reach the weekly CZ of 1303.28-1299.88, which led to the emergence of a proposal. Fixing purchases at this stage is the best strategy. Yesterday, there was a test of weekly CZ at 1303.28-1299.88 with the formation of the “false break” pattern. […]
Crypto Industry News: According to the official announcement, Binance, the leading cryptographic exchange, plans to perform a scheduled system upgrade tomorrow, which will prevent deposits, withdrawals, and trading for about six to eight hours. Yesterday, the general manager of the stock exchange, Changpeng Zhao (CZ), announced that the platform is now planning a full resumption […]
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 and the market reversed after the Bearish Engulfing candlestick pattern was made. Only a sustained and impulsive breakout through the technical resistance zone located between the levels of 1.1264 – […]
Technical Market Overview: The GBP/USD pair has made another lower low after the Fakey candlestick pattern has been made twice around the level of 1.3039 recently. The bears have broken below the technical support at the levels of 1.2988 and 1.2939 and the new low was made at the level of 1.2900. The target is […]
USD/JPY On Monday, the yen managed to push the support of the price channel of the daily timeframe, but the price returned on Tuesday, leaving traders with a false puncture of support. On the daily chart, there was a weak price convergence with the marlin oscillator, on the four-hour chart the convergence has been transformed […]
We continue to look for signs confirming that the wave 2 has completed. Our ideal target at 141.05 has almost been hit (the low has been seen at 141.17). However, we need a breakout above minor resistance at 142.18 and, more importantly, a breakout above resistance at 143.44 to confirm that the wave 2 has […]
Today’s plan is based on the search for favorable prices for the sale of the instrument since on May 13. The 1/2 WCZ of 61.61-61.44 was broken. This makes it possible to assume a price reduction to a weekly CZ of 59.91-59.57. Just above this zone is the psychological level, thus the reaction to it […]
There is nothing new to add. Our downside target at 122.51 has been reached. However, as long as minor resistance at 123.60 is able to cap the upside, we could still see a slightly lower dip to 122.14 to complete the wave ii and set the stage for a new impulsive rally in the wave […]
https://pepperstone.com/en/forex-news/market-review -All quiet on the FX front -AUD and NZD slip further -MXN gives ground vs USD -Dollar index is broadly unchanged -Asian and US equities perk up as a trade war seems less likely -Theresa May will put her Brexit plan to the vote once more -How much Geopolitical risk is in the markets […]
Morning Report: 07.00 London This morning, the US dollar index is unchanged after two days of solid gains this morning, helping some dollar pairs to gain. The EUR/USD is making small gains after holding the 1.1200 level yesterday. The GBP/USD is also attempting gains after further selling yesterday that pushed the pair towards 1.2900. The […]
GBP/USD Under the general pressure of the US dollar (0.16%), the British pound lost 52 points. Labor data in the UK were slightly worse than expected; the average wage in the 1st quarter added 3.2% against an expectation of 3.4%, the number of applications for unemployment benefits reached 24.7 thousand compared to the forecast of […]
EUR/USD On Tuesday, there were failures, relative to expectations, indicators of business sentiment in the euro area. The ZEW Institute determined Germany’s economic sentiment in May as a -2.1 point against the forecast of 5.1, and for the eurozone as a whole at -1.6 against the expectation of 5.0. Industrial production in the euro area […]
Price reversed from our first resistance where there is potential for further drop. Entry : 1.0095 Why it’s good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1.0123 Why it’s good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement Take Profit : 1.0008 Why it’s good : horizontal overlap support, 61.8% […]
Price broke past a major support at 0.6934 where we expect it to fall further to its support at 0.6916 . Entry : 0.6934 Why it’s good : horizontal pullback resistance, 100% & 61.8% Fibonacci extension Stop Loss : 0.6947 Why it’s good : 61.8% Fibonacci retracement Take Profit : 0.6916 Why it’s good : […]
EURJPY near key support, a bounce to 1st resistance is possible Entry:122.52 Why it’s good :61.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing low support Stop Loss : 121.78 Why it’s good :100% Fibonacci extension Take Profit : 123.59 Why it’s good: 38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance,100% Fibonacci extension The material […]
Forecast for May 15 : Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1317, 1.1300, 1.1271, 1.1256, 1.1233, 1.1206 and 1.1184. Here, we continue to monitor the local structure for the top of May 3rd. The resumption of the upward trend is expected […]
With Donald Trump ramping up the Twitter activity, it feels as though this will be something that will only increase. But…will it work, or has this slight rally in risk just given us better levels to sell into? Chris looks at this dynamic in the video. Related Posts:GBP/USD on April 10. USD does not rely […]
