Technical Analysis: 18/04/2018 – GBPUSD bullish but rally could be overstretched

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:Technical Analysis – GBPUSD shows bullish attitude August 22, 2023 GBPUSD has been gradually rising since […]

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Fundamental Analysis of EUR/JPY for April 18, 2018

EUR/JPY has been quite corrective and consolidating above 132.00 for a few days, now it is expected to proceed higher. EUR has been quite stronger against JPY recently, which resulted in impulsive bullish pressure despite the mixed economic reports published this week. Today, JPY Trade Balance report was published with a significant increase to 0.12T […]

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Markets Firmly in Risk-On Mode

Global markets synchronised their appetite for risk after the US stock market broke out earlier in the week, with the German Index and UK 100 following suit. This followed on from positive news on the geopolitical arena, as Syrian tensions eased and trade talks made progress. Corporate earnings are showing good results. The US 500 […]

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Technical analysis: Intraday Level For EUR/USD, April 18, 2018

When the European market opens, some Economic Data will be released such as German 10-y Bond Auction, Final Core CPI y/y, and Final CPI y/y. The US will also release the Economic Data such as Beige Book, Crude Oil Inventories, so amid the reports, EUR/USD will move in a low to medium volatility during this […]

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Technical analysis: Intraday level for USD/JPY, April 18, 2018

In Asia, Japan will release the Trade Balance and the US will release some Economic Data such as Beige Book, and Crude Oil Inventories. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 107.81. Resistance. 2: 107.60. Resistance. 1: 107.39. […]

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Trumps TPP U turn, NK & US talk about talks, China loosens its purse strings.

https://pepperstone.com/en/forex-news/market-review -The Dollar strengthens vs safe havens. -Sterling testing post-Brexit highs. -President Trump changes his mind on TPP once more. -White House talks to NK at a high level re May summit. -China eases RRR in a surprise move. -Is EM growth losing momentum? -Why all the fuss about Saudi Aramco. The overnight changes and […]

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Elliott wave analysis of EUR/NZD for April 18, 2018

We expect the wave iv/ peaked at 1.6892 and wave v/ lower towards 1.6620 now is developing. However, we need to the peak at 1.6892 caps the upside for a break below minor support at 1.6830 and more importantly below support at 1.6786. A break below the later confirms that wave v/ lower towards 1.6620 […]

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Elliott wave analysis of EUR/JPY for April 18, 2018

EUR/JPY needs to break clearly below minor support at 132.09 to confirm that wave B has completed, and wave C is developing. We do expect the peak at 132.97 will continue to cap the upside for a break below 132.09 confirming that wave C lower is developing. The ideal long-term target for the ongoing (E) […]

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AUD/USD Made A Bullish Exit From Its Descending Resistance Line, Remain Bullish

AUD/USD broke out of its descending resistance line where we look to buy on weakness at 0.7746 (38.2% Fibonacci retracement, horizontal overlap support) where we expect prices to rise to its resistance at 0.7845 (76.4% Fibonacci retracement, 100% Fibonacci extension). RSI (89) shows a corresponding break out where we expect to see a similar drop. […]

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AUD/JPY Broke Out Of Its Ascending Support, Remain Bearish

AUD/JPY broke out of its ascending support where we look to sell on strength at 83.311 (23.6% Fibonacci retracement, horizontal overlap resistance). We expect prices to push down all the way to its support at 82.652. RSI (89) shows a corresponding break out where we expect to see a similar drop. Sell below 83.311. Stop […]

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NZD/USD Intraday technical levels and trading recommendations for for April 18, 2018

In November 2017, evident signs of bullish recovery were expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why a […]

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Intraday technical levels and trading recommendations for EUR/USD for April 18, 2018

Daily Outlook The EUR/USD pair remains trapped between the price levels of 1.2200 and 1.2500 until a breakout occurs in either direction. Daily persistence above 1.2470-1.2500 was needed to confirm a recent bullish flag continuation pattern with projected targets around the price level of 1.2750. However, significant signs of bearish reversal were manifested around the […]

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How to Avoid Trading Mistakes with Multiple Time Frame Analysis

Trading resources: https://pepperstone.com/en/client-resources/trading-guides Join expert trading educators, FX Evolution, as they take you through the basics of the Multiple Time Frame analysis. In this webinar, learn how viewing the price action in various time frames can enhance your trading strategy. Related Posts:Technical Analysis – GBPUSD shows bullish attitude August 22, 2023 GBPUSD has been gradually […]

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Brent: East is a delicate matter

Donald Trump’s statement that “the mission is carried out” after the military strikes against Syria by the United States and its allies allowed the “bears” of Brent and WTI to go on a counterattack. The conflict around Damascus did not turn into a mass brawl and the risks of interruptions in supplies from the Middle […]

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Is War “Hell” for the Stock Market?

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Does the DJIA rise more often during times of war or peace? You might be surprised when you review these six charts. 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:What’s behind Nasdaq’s first monthly loss in 6 months? –… August 30, 2023 As the Q2 earnings season draws to an end and […]

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Bank of Canada to remain on hold, may retain a cautious bias for now – Forex News Preview

The Bank of Canada (BoC) will announce its monetary policy decision on Wednesday at 1400 GMT, and expectations are for policymakers to refrain from raising rates for the second meeting in a row. While inflation edged up recently, the economy slowed and trade risks have remained elevated, presenting a dilemma for the Bank. On balance, […]

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Online Rebellion Against Government Control

Telegram founder Pavel Durov has refused to hand over encryption keys to Russian authorities, showing his willingness to sacrifice the app’s Russian users to maintain the integrity of the project as a whole. This move will likely lead to further growth for the app’s user base and an increase in value for the platform’s coin, […]

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Stock Market News – Morgan Stanley next in line to release quarterly results

Investment banking giant Morgan Stanley will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Investment Banking & Brokerage Services peer group.  The New York-based firm is forecast to have made $1.25 […]

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Technical Analysis – EU 50 stock index builds base around 7-week high; sideways channel in near term

EU 50 stock index has advanced considerably since roughly the end of March, hitting a seven-week high during Tuesday’s session. Price action is at the moment taking place not far below this peak. The index is developing within a trading range the last couple of months with upper boundary the 3472.70 resistance and lower boundary the 3260 support. The […]

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Technical analysis of USD/JPY for April 17, 2018

USD/JPY is expected to trade with a bearish outlook. The pair is trading within a bearish channel drawn from last Friday (April 13). It is currently testing the key level of 107.00 on the downside, as the 20-period and 50-period moving averages are badly oriented. The relative strength index remains subdued in the 30s, suggesting […]

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18.04.2018 – Economic Calendar by Dukascopy

Plenty of FX movers are on the agenda for this Wednesday, so let’s take a look with the Dukascopy Economic Calendar. A couple of UK publications for March will be available at 8:30 in the morning, including the closely watched Consumer Price Index. The overall inflation slowed down in February from 3% in January. Producer […]

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Gold Prices Fall on US, UK and China Data as Trump Adds FX to ‘Trade War’

GOLD PRICES fell below $1340 per ounce lunchtime Tuesday in London, retreating to unchanged from this time last week against most major currencies after much-stronger than expected US home-building stats.   March saw the number of new building permits rise 2.5% said the Census Bureau, with a revision to February’s data cutting the size of […]

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GBPUSD and GBPJPY Analysis – April 17, 2018

The British Pound eased from post-Brexit highs this morning, after the release of wage data from the Office for National Statistics (ONS). Average earnings growth for the three months to the end of February was reported at 2.8%, less than the expectations for 3%. In further good news for the U.K economy, the ONS also […]

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Earning Season Could Lead NASDAQ Higher

NASDAQ is one of the largest indices in the world. It is composed of 100 of the biggest technology companies in the world. Its biggest components include companies like Apple, Alibaba, Microsoft, Facebook, Google, and Netflix among others. Last year, the index was among the best performing in the world. Investors were attracted to the […]

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China Economy Expands by 6.8% as Retail Sales Rebound

China is one of the most important countries in the world. It has a population of more than 1.3 billion people and the second largest economy. It has a GDP of more than $11 trillion, which is lower than the US $18 trillion. The European Union has a GDP of $17 trillion and a population […]

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US Open Preview – Pound erases gains as wage growth disappoints

Here are the latest developments in global markets: FOREX: Sterling extended yesterday’s rally towards a 22-month high of 1.4375 early today, its highest level since Britain voted to leave the European Union. However, after a disappointing wage growth print today, cable lost ground falling to 1.4315 (-0.14%) despite the unemployment rate inching down to a new […]

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Global macro overview for 17/04/2018

The dynamics of wages and salaries excluding bonuses in the UK accelerated to 2.8% y/y in February from 2.6% in January. The increase in total remuneration remained at 2.8%, although it was expected to accelerate to 3.0%. Nevertheless, for the first time since January 2017, the growth rate of the basic wage is higher than […]

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Global macro overview for 17/04/2018

The last 24 hours did not bring the continuation of geopolitical tensions regarding weekend rocket attacks on Syria, so for markets, it meant a green light to return to optimistic trade. In the meantime, the Twitter account of US President Donald Trump did not remain silent. Trump dismissed the news that Russia and China are […]

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