Trading recommendations: Recently, Bitcoin has been trading downwards. As I expected, the price tested the level of $6.035. Anyway, according to the H1 time – frame, I found that agressive buyers entered the market, which is sign that selling looks risky. I also ofund a hidden bullish divergence on the macd oscillator, which is another […]
The GBPJPY pair has tested resistance at 148.805 overnight and was sold down to the 147.945 level after US President Trump reportedly said that there would be no trade deal between the US and UK unless the UK made a hard brexit from the EU. GBP weakened considerably on the news. The support is now […]
The EURAUD pair is consolidating around the 1.58000 level using its 50 DMA and the 1.56962 level as support and its 1.58888 level as resistance. These levels set the range for traders and a break out can develop into a bigger move. The chart remains bullish on a break above the resistance with the 1.58153 […]
Thursday’s session overseas ended with a significant increase in major indices – the SP500 rose by + 0.9% to reach its highest level since March, while Nasdaq saw an increase of + 1.3%, setting a new record as well. Good sentiment has spilled over to Asia – most of the indexes in the Asian part […]
The overnight data on China’s June trade balance showed a higher surplus (as a result of weaker imports), but the report did not shake the market. It is easy to discuss whether, when President Trump receives a note with this data, he will not be led to an acute tweet in which he will accuse […]
These are the Daily Trading Signals for Friday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s short and mid term indicators are mostly pointing South. Daily outlook shifts to neutral, but the bearish interbank stance matches the 1 and 4-hour indicators. The Cable’s technicals are pointing South in both the […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:EUR/USD. Analysis for April 12th. The euro falls down under… April 12, 2024 The wave analysis […]
Here are the latest developments in global markets: FOREX: The US dollar index is up by almost 0.1% on Friday, building on the gains it posted in the previous session. The yen, meanwhile, is losing ground against all its major counterparts amid an absence of any worrisome news on the trade front, touching a fresh six-month low […]
The USD/JPY is challenging important long-term resistance. The weekly close will be very important. The USD/JPY is challenging the long-term resistance trend line coming from 125.60 back in 2015, that has already been tested 6 times the past years and got rejected. Blue line – long-term resistance Red line – long-term support The USD/JPY is […]
The Gold price remains in a bearish trend making lower lows and lower highs. The Gold price is above the $1,240-37 support area and below the Ichimoku cloud in the 4hour chart. As long as Gold is below $1,252 we should expect more downside. Prices are oversold though at current levels and I will not […]
USDCAD turned neutral after its downfall from the 1-year high of 1.3385, finding support at the uptrend line it started building in mid- April. In the short-term, consolidation is likely to be continued as the RSI has flattened slightly above its neutral threshold of 50 and the MACD has paused its downward move near zero, […]
US President Donald Trump has signed an enforcement order by creating a task force that will focus in part on the development of guidelines for investigations into cryptocurrency fraud. The Task Force on Market Integrity and Consumer Fraud, in line with the executive order, will take a broad perspective when focusing on consumer fraud. For […]
Friday starts with a calm, sleepy trade on the financial markets because fears about trade wars are still present, but the lack of escalation inhibits possible panic. GBP / USD reaches 1.3170 after the Sun article, according to which President Trump believes that Prime Minister May have ignored his advice and is moving towards a […]
At the 4-hour chart, we can see the Ethereum moving in a Bearish bias. Besides the price is now moving below the Moving Average 21 period and the slope is pointing down, the price already made a few Bearish chart patterns, for now, it seems the Ethereum will try to break out below the Rectangle […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Daily financial new -July 13th 2018 Related Posts:Technical Analysis – […]
Morning Report: 07.00 London The US dollar has lifted off the pace somewhat, though dollar pairs are mixed in their reaction. The AUD/USD is capitalising on this and building on yesterday’s gains. The GBP/USD and EUR/USD are subdued however, with the pound marking three days of gains against the dollar the euro four. The USD/CHF […]
President Trump has spent yesterday in Europe where he attended a NATO meeting before travelling to the UK. He left Brussels with the commitment of NATO members to meet their agreed 2% spending target. Reports from the meeting suggested that he threatened to pull the US out of NATO if this wasn’t agreed which led […]
Technical outlook: The US Dollar Index is seen to be trading around the potential resistance zone at the 94.80/95.00 levels. Also please note the Fibonacci 0.618 resistance passing through the 94.85 levels as depicted here. A bearish turn seems to be the high probable move from here, bottom line prices should remain below the 95.50 […]
Technical outlook: The EUR/USD pair formed a bottom around the 1.1650 levels yesterday, a few pips higher than what we expected and discussed yesterday. According to the Elliott Channel, it bounced from support and also a Fibonacci ratio as seen here. A high probable direction from here should be on the north side, above the […]
EUR / USD Players on the rise reach the resistance zone of 1.1752-76 (the lower boundary of the day cloud + weekly levels), which seems difficult to overcome. As a result, we observe the formation of a weekly rebound from the Tenkan level 1.1752. If the pair can close the current week below supports 1.1680 […]
AUD/JPY has been quite impulsive with the bullish gains recently which lead the price to push off the 81.50 support area to residing at the edge of the 83.50-84.50 resistance area. Despite the recent positive economic reports, JPY failed to gain momentum against AUD which does indicate the strength of AUD in the process. Recently, […]
NZD/USD has been quite bearish with the momentum recently which suddenly got certain bullish pressure yesterday which is expected to lead to a short-term retracement towards the 0.68-0.69 area in the coming days. NZD has been quite positive with the recent economic report of FPI increasing from 0.0% to 0.5% which helped the currency to […]
https://pepperstone.com/en/forex-news/market-review -GBP sips vs the USD, but KRW makes gains. -China trade balance data reflects trade war concerns. -Singapore and Japan both shows signs of a slowdown. -Trump speaks candidly about Brexit and PM May. -Is this the route to an EM crisis? Or will they just slowly bleed out? The overnight changes and price […]
Overview: The NZD/USD pair continues to move downwards from the level of 0.6840 (23.6% of Fibonacci retracement). This week (from 9 to 13 July 2018), the pair has dropped from the level of 0.6840 to trade around the 0.6775 level. This level of 0.6840 coincides with the major resistance today. Today, the first resistance level […]
Overview: Pivot: 1.3276. The GBP/USD pair is still moving below the daily major resistance of the 1.3276 level. It will probably continue to move downwards from the level of 1.3276 to the bottom around 1.3191. Today, the first resistance level is seen at 1.3196 followed by 1.3276, while daily support 1 is seen at 1.3068. […]
The US will try to create a trade coalition against China Maneesha Singh, Assistant Secretary of State for Economic Affairs and Entrepreneurship, said (according to TASS): “The key area in which allies and partners share our concerns is the response to the challenge of China’s economic aggression. We are creating an international coalition to counter […]
The upward movement remains a medium-term impulse, which implies the search for favorable prices for the purchase of the instrument and the retention of part of the previous transactions. The closest growth target remains the NCP 1/2 112.64-112.53. Yesterday’s test of the NCP 1/4 110.85-110.80 allowed to open purchases. The first purpose of fixing a […]
The US dollar has seriously strengthened its positions against the European currency and the British pound amid the tensions created by the effects of growing trade tensions between the US and China. Let me remind you that yesterday the White House announced new trade duties on a number of goods from China, which immediately provoked […]
The forecast for July 12: Analytical review on the scale of H1: For Gold, the key levels on the H1 scale are: 1253.72, 1249.09, 1245.49, 1239.59, 1232.43 and 1227.55. Here, we follow the formation of a downward structure from July 9. The continued downward movement is expected after the breakdown of 1239.30. In this case, […]
Dear colleagues. The currency pair EUR / USD continue to move downwards after the breakdown of 1.1652 and the level of 1.1712 is the key support. For Pound / Dollar pair, we expect the breakdown of 1.3190 for the subsequent development of the downward movement. For the pair Dollar / Franc, we expect the price […]
