Overview: Pivot point: 0.9857. The USD/CHF pair is still trading above the 0.9857 pivot point of the price. The USD/CHF pair faced resistance at the level of 0.9943. The strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in order to test it […]
Overview: The AUD/USD pair continued to move upwards from the level of 0.7300. Since yesterday, the pair has risen from the level of 0.7299 (the level of 0.7299 coincides with the ratio of 38.2% Fibonacci Expansion) to the top around 0.7359. In consequence, the AUD/USD pair broke resistance at 0.7329, which turned into strong support […]
Past 24 hours have been volatile on the FX markets, so let’s see how this reflects on the spread levels. Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 1.9 pips. The pair has surged by a considerable 1.3% or 148 pips as it broke through the 1 15 level. […]
Canada’s retail sales figures for June will be made public on Wednesday at 1230 GMT. The release is perhaps attracting additional attention in the aftermath of last week’s headline CPI beat out of Canada, which led to growing speculation for the delivery of two more rate hikes by the nation’s central bank in 2018. After […]
West Texas Intermediate (WTI) futures are developing below the 65.70 strong resistance area over the last four trading days but successfully surpassed the mid-level of the Bollinger band, this being a 20-period-simple moving average (SMA) in the 4-hour chart. The RSI is hovering around the 50 neutral-perceived area, pointing to the absence of momentum in either direction in the short term, […]
AUD/USD is testing its resistance at 0.7349 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance), where a reversal to its support at 0.7284 (50% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97%, where a corresponding drop is expected. AUD/USD is testing its […]
EUR/USD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance), where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97%, where a corresponding drop is expected. EUR/USD […]
Good morning traders, it’s time for Tuesdays daily trading signals. Euro/Dollar’s short and long term technicals are mostly neutral, but outlook is bullish in the 4-hour chart. Interbank sentiment is bearish at 30% short. Pound/Dollar has 5 neutrals in the hourly scale. Mid term models are mostly green and daily indicators show mixed results. Interbank […]
The dollar fell under pressure after Trump’s interview with Reuters, where he reiterated that he is “not thrilled” by the actions of the Fed and prefers a policy of low interest rates. The dollar index lost 0.7% over the past 24 hours. EURUSD up to 1.1530, the maximum in the last 2 weeks. Previously Trump […]
Here are the latest developments in global markets: FOREX: The dollar was losing ground against six major currencies on Tuesday, building on yesterday’s losses after some overnight comments by US President Trump; he expressed displeasure with the Fed raising interest rates. STOCKS: The Dow Jones finished Monday’s trading up by 0.35%, while the S&P 500 and […]
As expected EUR/USD has bounced back for a back test at the previous support zone around 1.15. Price is again above 1.15 and challenging the resistance at 1.1520-1.1530. If we are going to see new lows we should expect EUR/USD to get rejected around these levels. Red line – triangle pattern (broken) EUR/USD is back […]
GBPUSD recorded a respectable bullish rally over the last three days after it created a new 13-month low of 1.2660 on August 15. The price seems to be in an upward correction mode as the short-term technical indicators confirm. The RSI indicator is currently increasing positive momentum towards its neutral threshold of 50 after an exit from […]
Gold price has reached our first short-term target of $1,195 after breaking above $1,183. Trend however remains bearish for the medium-term and this bounce is still considered corrective in nature and against the prevailing trend. Only a break above $1,200 and if prices stay above it will signal a trend change. Black lines – wedge […]
Today, both European and the US market will not release Economic Data, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1547. Strong Resistance:1.1540. Original Resistance: 1.1529. Inner Sell Area: 1.1518. Target Inner Area: 1.1491. Inner Buy Area: 1.1464. Original Support: 1.1453. […]
Today, both Japan and USA will not release any Economic Data. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 110.45. Resistance. 2: 110.23. Resistance. 1: 110.02. Support. 1: 109.75. Support. 2: 109.54. Support. 3: 109.32. Disclaimer: Trading Forex (foreign exchange) […]
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Morning Report: 07.00 London The dollar index is under pressure, with dollar pairs building on yesterday’s gains. Trump downplayed the prospects for trade talks with a China and criticised the Fed’s rate hike trajectory. The AUD/USD is now set for its fourth day of solid gains. The EUR/USD and GBP/USD are following a similar trend, […]
https://pepperstone.com/en/forex-news/market-review -The US dollar continues to retrace. -EUR, GBP, AUD, NZD and ZAR all benefit. -POTUS takes a swipe at the Fed chair and higher rates. -The RBA cites trade wars and a drought as ongoing risks. -Which EM’s have the most overseas debt? The overnight changes and price moves to be aware of by […]
EUR/NZD is finally showing signs of strength again, We still need a clear break above resistance at 1.7355 to confirm that red wave ii has completed and red wave iii is developing to above 1.7484 for a continuation higher towards 1.7924 and 1.8369 as the next important upside targets. Support is now seen at 1.7269 […]
We still favor this really being part of an expanded flat wave iv/ correction. Under this count, EUR/JPY should continue higher towards 127.94 and from there a final spike in wave v/ should be expected to just below 124.89 to complete wave ii. That said, we have some serious consideration about the time-span of wave […]
Vitalik Buterin, a co-founder of the Ethereum platform, re-emphasized that the biggest problem that Blockchain is currently facing is the high ratio of generated publicity to real use cases: “The amount of Blockchain’s sustainable use is very low. Although there are many people giving value to cryptocurrencies, the amount of useful things that are available […]
Last week, the global investors got the latest retail sales data from the United States. According to information provided by the American Census Bureau, the value of the basic retail sales increased in July this year by 0.6%, which turned out to be a much better result than the previous publication (0.2%) as well as […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Many Main Street investors would probably be surprised at how often the professionals on Wall Street are on the wrong side of major market turns. Gold is a prime example. Learn why this insight is especially important now … http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on […]
• AUD/NZD reversed from support zone • Further gains are likely AUD/NZD continues to rise after the earlier upward reversal from the support area located between the key support level 1.0980 (former powerful resistance from July) and the 38.2% Fibonacci correction of the previous sharp upward impulse form June. The upward reversal from this support […]
• Palladium reversed from support zone • Further gains are likely Palladium recently reversed up sharply from the major support area located between the key support level 825.00, lower weekly Bollinger Band and the 61.8% Fibonacci correction of the previous weekly uptrend from the end of 2016. The upward reversal from this support zone created […]
During the past week, the dollar failed to develop its success, although, at its very beginning, it continued to grow, but rather by inertia. It turned out that in the absence of serious political factors, the dollar did not have any reasons for growth, as the US statistics was rather weak, especially against the background […]
Jeremy Leaf, London estate agent and former RICS residential chairman, talks to IGTV’s Victoria Scholar about the state of the UK capital’s #housingmarket. #brexit #houseprices Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex and […]
Trading recommendations: According to the 30M time – frame, I found that Bitcoin is trading in a consolidation phase, which is a sign of indecision. Anyway, I found a potential downard movement within the consolidation. The potential C wave is in progress. My advice is to watch for selling opportunities. The downard targets are set […]
GBPAUD is paring some of the losses from previous days but remains in a descending movement that has been holding since April 26. The pair exited from the trading range between 1.8180 and 1.8475 around mid-May and retreated sharply, posting a seven-month low of 1.7280 on August 9. The technical indicators, though, are sending neutral to positive signals, suggesting that a bullish retracement is possible in the […]
GOLD PRICES edged higher on Monday morning in London amid Turkey’s currency crisis and ahead of US-China trade talks, writes Steffen Grosshauser at BullionVault. The United States and China are set to hold lower-level trade talks on Tuesday and Wednesday this week – just before the new retaliatory tariffs from Washington and Beijing take effect, […]
