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 […]
The rally from 143.82 seems to be impulsive, which indicates more upside pressure once the ongoing minor correction is complete. Short-term support is seen at 144.80 which is expected to hold the first test for a minor rally to 145.95 and then a dip to or just below 144.80 in order to complete the ongoing […]
We have seen an expected dip into our target area between 123.85 – 124.05. In fact, we have seen a dip to 123.35 which is more than enough to complete the wave ii and set the stage for renewed upside pressure in the wave iii towards 127.50 and then towards 129.35. In the short term, […]
EUR/USD Last Friday, labor data in the US came out good: outside the agricultural sector (Non-Farm Employment Change), 263 thousand jobs were created in April against expectations of 181 thousand, the unemployment rate was at its lowest in the last 49 years – 3.6%. Also, the US trade balance in March improved from -72.0 billion […]
GBP/USD The British pound rose 140 points on Friday against strong US employment data. Nonfarm Employment Change showed an increase of 263 thousand in April against an expectation of 181 thousand, the unemployment rate was at its lowest in the last 49 years – 3.6%. Since there was no other news, especially Brexit, we can […]
AUD/USD Last Friday, the Australian dollar reached the support of the embedded line of the price channel and, together with the rest of the market, headed for a corrective growth against the US dollar. The aussie’s growth was 23 points. Today, in the Asian session, commodity markets have slumped; oil -2.37%, copper -1.06%, corn -2.3%, […]
Friday’s growth was provoked by the fact that the pair reached the zone of the average course of the week. This made it possible to form an accumulation zone, where the extremums of last week became the main support and resistance levels. The growth target is the WCZ 1/2 1.1223-1.1215, the test of which will […]
The movement in the Asian session made it possible for a breakthrough of the significant support zone of the WCZ 1/2 0.6992-0.6985. To continue the fall, this will require today’s closing of the US session to occur below the specified zone. This will open the way for a decline to the weekly CZ 0.6924-0.6911. The […]
Price is approaching our first resistance where we remain bearish below this level. Entry : 1.1227 Why it’s good : horizontal overlap resistance, 38.2% fibonacci retracement Stop Loss : 1.1277 Why it’s good : 76.4% fibonacci retracement, horizontal pullback resistance Take Profit : 1.1139 Why it’s good : horizontal swing low support The material has […]
Price is testing its major support at 1.0543 where it could potentially bounce up to its resistance at 1.0604. Entry : 1.0543 Why it’s good : horizontal overlap support, 61.8% fibonacci extension, 38.2% Fibonacci retracement Stop Loss : 1.0497 Why it’s good : 61.8% fibonacci extension Take Profit : 1.0604 Why it’s good : 38.2% […]
Price is approaching a key support at 110.07 where it could potentially bounce to its resistance. Entry : 110.7 Why it’s good :horizontal swing low support,78.6% fibonacci retracement.100% Fibonacci extension Stop Loss : 109.72 Why it’s good :horizontal swing low support Take Profit : 111.14 Why it’s good :horizontal swing high resistance,50% fibonacci retracement, 61.8% […]
May is Typically a Good Month for the Dollar April was a great month for the US dollar but the first few days of May has been challenging. End of April profit taking drove the greenback lower initially but the rally was renewed by optimistic comments from Federal Reserve Chairman Jerome Powell. Yet on Friday […]
May is Typically a Good Month for the Dollar April was a great month for the US dollar but the first few days of May has been challenging. End of April profit taking drove the greenback lower initially but the rally was renewed by optimistic comments from Federal Reserve Chairman Jerome Powell. Yet on Friday […]
May is Typically a Good Month for the Dollar April was a great month for the US dollar but the first few days of May has been challenging. End of April profit taking drove the greenback lower initially but the rally was renewed by optimistic comments from Federal Reserve Chairman Jerome Powell. Yet on Friday […]
On Friday, the pound/dollar pair updated its monthly high, jumping to the middle of the 31st figure. Progress in the Brexit issue provided a strong support for bulls of the pair – the price did not enter the area of the 32nd figure only because it was the end of the trading week. However, this […]
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Gold price is challenging short-term important resistance. Medium-term trend remains bearish as long as price is below $1,300, but Gold in the short-term has formed a double bottom as we mentioned in previous posts and is challenging resistance. Red rectangle – horizontal resistance area Blue line – short-term trend line resistance Gold price is back […]
The Dollar index managed to spread enthusiasm among Dollar bulls as last week we saw prices finally break out and above the December 2018 highs. This week however ended with an entire different sentiment. Red line – weekly horizontal resistance The Dollar index closed this week below the broken red horizontal resistance canceling the break […]
Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]
4-hour timeframe The amplitude of the last 5 days (high-low): 42p – 125p – 123p – 73p – 64p. Average amplitude over the last 5 days: 85p (86p). The week ends for the GBP/USD pair with a very moderate decline and the development of the critical line. The decline is small, even despite an impressive […]
4-hour timeframe The amplitude of the last 5 days (high-low): 63p – 42p – 53p – 78p – 48p. Average amplitude over the last 5 days: 57p (56p). On the last trading day of the week, a sufficiently large amount of macroeconomic data was published. First, it is inflation in the EU, which accelerated from […]
Strong bullish momentum on the Bitcoin. The price hit the level of $6.030. A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described. This […]
Gold has been trading upwards today and the momentum is on the upside. We see potential more upside in the next period so buying opportunities are preferable. Yellow horizontal line – resistance cluster Blue line – Median Keltner line 20 EMA (current resistance) White horizontal line – Broken resistance Strong bullish movement on the Gold […]
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Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]
To open long positions on EUR / USD pair, you need: Despite good data on inflation in the eurozone in April of this year, euro buyers are in no hurry to return to the market. Currently, a large support level of 1.1150 has been reached and the report on the American labor market will most […]
Central bank policy meetings in Australia and New Zealand will be the main focus next week with investors anticipating a further dovish tilt. Out of all the central banks that have turned dovish this year, the Reserve Bank of New Zealand is the most likely to cut rates and analysts are predicting a move as […]
On Forex, hopes are constantly replaced by disappointment and these give way to new hopes. You need to get used to it in order to survive. At the end of April, after the release of eurozone GDP statistics, the EUR/USD bulls believed that the downtrend was finally over. However, Jerome Powell dissuaded them in this. […]
To open long positions on the GBP / USD pair, you need: Buyers missed another support level of 1.3018 after the release of a weak report on the PMI index for the services sector in the UK. At the moment, only the formation of a false breakdown in the minimum area of 1.2983 after the […]
