The bitcoin exchange rate has updated the next psychological level of 6000 USD and retains a good potential for further growth, which can occur after another downward correction and accumulation of volume in a narrow side channel. Over the weekend, an interesting study was published, which indicates that more and more institutional investors are interested […]
4h As seen on the 4-hour chart, the EUR/USD pair performed a reversal in favor of the euro and consolidation above the retracement level of 100.0% (1.1177). As a result, on May 6, the growth process of quotations can be continued in the direction of the next retracement level of 76.4% (1.1241). Today, emerging divergence […]
4h As seen on the 4-hour chart, the GBP/USD pair resumed the growth process and closed above the Fibo level of 76.4% (1.3094). Thus, the growth of the pair’s quotes on May 6 can be continued in the direction of the next retracement level of 100.0% (1.3296). There are no emerging divergences now. The closure […]
According to Wences Casares, one of the leading specialists in the crypto market, investors in digital assets should be allocated with 1% in their investment portfolio for investments in Bitcoin. The specialist is sure that by the time they will be justified, it’s not worth counting on momentary profits. According to the calculations of W. […]
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 […]
Wave counting analysis: On May 3, the GBP / USD pair unexpectedly gained about 140 bp, which completely did not correspond to the nature of the news received on Friday, as well as the events in the UK on Saturday and Sunday. What happened is that the Conservative Party, whose leader is Theresa May, lost […]
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 […]
Gold prices is struggling below the 1285 mark, which is the 23.6% Fibonacci retracement level of the downleg from 1346.60 to 1266.29, a strong resistance during the past few weeks. From the technical point of view, in the 4-hour chart the stochastic oscillator is turning lower in the overbought territory, creating a bearish crossover between […]
By the end of the last trading week, the euro / dollar currency pair showed high volatility of 69 points, as a result of having a 50% recovery after a downward move. From the point of view of technical analysis, we have the quotes return to the level of 1.1180 after a steady decline. This […]
Wave counting analysis: On Friday, May 3, bidding ended for the pair EUR / USD by 30 bp increase. However, this increase in the pair still does not affect the current wave counting, which involves building a downward trend. The news background for the pair remains neutral, with a slight bias in favor of the […]
The main news on Monday morning: Trump launched a new tariff war against China. Over the weekend, Trump said that he would increase the duty on goods from China to 25%, for which tariffs have already been introduced at 10% (goods worth $200 billion). Trump also threatens to impose duties on another $325 billion-worth of […]
It seems that the positive results of the months-long negotiations between the United States and China on trade have reached an impasse. Last weekend, the American president has once again attacked the PRC with new-old threats, which could introduce tariffs on Chinese goods worth $ 200 billion this week. According to the established tradition, Trump […]
Dear colleagues. For the currency pair Euro/Dollar, we expect the formation of a local upward structure to continue the upward movement and the level of 1.1220 is the key resistance. For the currency pair Pound/Dollar, the price has issued a local structure for the top of May 3 and the development of which is expected […]
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 […]
Stocks fall, yen soars as Trump hints at new tariffs Dollar retreats after jobs data, but trade concerns provide support Sterling rebounds amid hopes for Brexit progress Trump warns of new tariffs on China, dents risk appetite Risk aversion is the name of the game on Monday, with investors diverting funds away from riskier assets […]
The 2019 XM seminar series launched in the Philippines this February has already reached as many as five cities, including the latest event venues, which were Cebu, Baguio and Davao. Staying true to our belief that proper and continuous education is paramount in successful trading, we brought our free-to-attend forex seminars closer to Filipino retail […]
On Friday, the EURUSD showed a strong reversal, despite solid data on the US economy – and in particular, good data came out on US employment in April. The euro strengthened on inflation data in the eurozone. Now the growth of the euro is possible. We are ready to buy the euro at the break […]
To open long positions on GBP/USD you need: Today, the British pound could continue to grow, as tomorrow the British prime minister should present a plan for the future prospects of UK membership in the EU customs union. In case of a downward correction in the first half of the day, support at 1.3096 will […]
By the end of the last trading week, the pound / dollar currency pair showed a high volatility of 187 points, drawing a large impulse candle in the market. From the point of view of technical analysis, we see that after the corrective move to the range level of 1.3000, the quotation found support, restoring […]
Monday opened with a fall in Asian stock indices and an increasing demand for bonds and defensive assets. The Shanghai Composite suffered the most, which fell by 5.5% immediately, and the reason for this is the unexpected tweet by Donald Trump, who at the end of the week, promises to increase import tariffs for Chinese […]
To open long positions on EURUSD you need: The euro’s rise on Friday, which was observed in the second half of the day, could end after a weak report on retail sales in the eurozone. It is best to return to long positions after a correction downwards to the support area of 1.1164, provided there […]
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EURUSD has recovered somewhat after the aggressive drop towards the 23-month low of 1.1110 on April 26, stretching further the medium-term descending channel. Currently, the price is still hovering beneath the 20- and 40-simple moving averages (SMAs) in the daily timeframe, while the momentum indicators hold in bearish territory. The RSI is pointing down; however, […]
The trading week began restlessly: anti-risk sentiment unexpectedly increased in the market, after which the positions of the dollar, yen and the franc strengthened sharply, while other currencies (the commodity — in particular, aud, cad) plunged significantly. Such a dramatic change in the weather in the foreign exchange market is is a result of Donald […]
Technical Market Overview: The GBP/USD pair has broken above the technical resistance zone at the level of 1.3131 and made a local new high at the level of 1.3175. Just before this move, the Pin Bar candlestick pattern was made and the bulls had broke through the short-term trend line resistance on their way up. […]
Technical Market Overview: The EUR/USD pair has made another wave down to the level of 1.1135, but no new low was made yet. Then the price bounced 50% up to the level of 1.1200 and so far was capped around this level. The down move continues and soon the bears might be testing the key […]
Crypto Industry News: The German police, together with Europol, closed the dark web market servers and took a six-digit amount in cryptocurrencies from arrested suspects. Wall Street Market, reportedly the world’s second largest dark web market, was closed by the German federal criminal police under the authority of the German prosecutor’s office. According to the […]
Crypto Industry News: 68% of people with high incomes from around the world have already invested or are planning to invest in the crypto until the end of 2022, according to a survey conducted by the Dubai company deVere Group. DeVere Group has over $ 10 billion in assets under the supervision and over 80,000 […]
The growth in the price of the British pound on Friday was impulsive and led to a change in priority. It is important to note that the bullish movement led to moving beyond the average daily rate. This leads to the fact that the pair goes in the opposite direction. On the other hand, the […]
