In my morning forecast, I paid attention to the level of 1.0554 and recommended making decisions on entering the market from there. Let’s look at the 5-minute chart and try to grasp the point what happened there. EUR/USD declined in the first half of the day. A false breakout at 1.0554 generated a buy signal, […]
· Fed to stick to stable rates; will EURUSD rotate higher? · GBPUSD at a discouraging position ahead of BoE rate announcement · USDJPY not bearish yet as clock ticks down to BoJ rate decision 0:00 Intro 0:39 EUR/USD 2:49 GBP/USD 5:11 USD/JPY For more information on the topics discussed in this video, including detailed […]
The price of gold is trading in the red at 1,993 at the time of writing. After Friday’s amazing rally, a retreat is natural. Still, the rate could only test and retest the near-term support levels before jumping higher again. The bias remains bullish, so further growth is natural despite temporary retreats. Fundamentally, XAU/USD extended […]
Gold hits $2,000 as Israel begins ‘second stage’ of war in Gaza, oil jumps too But safe haven demand eases on Monday as focus turns to central banks Dollar slips below 150 yen as yields consolidate ahead of Treasury announcement Markets on edge but no panic as Gaza conflict escalates Israel’s long-expected ground offensive into […]
XM’s free and exclusive seminar in the Philippines on 14 October was a massive success! Expert trading educator Jonathan Lou Reyes showed participants how to use the moving average ribbons to level-up their trading. Attendees learned how to identify and analyse market trends more effectively. Everyone who attended got the chance to receive two powerful […]
Technical analysis: BTC/USD has been trading sideways at the price of $34.340 and there is potential for the breakout mode. In case of the breakout of the resistance at $35.200, there is the chance for the rally and growth towards $36.920 In case of the downside breakout of the support at $33.250, there is the […]
Gold surges to a fresh 5-month high amid increasing geopolitical tensions Pulls back below the 2,000 psychological mark in the following session Momentum indicators ease from overbought levels Gold has been in a steep uptrend since October 10, reclaiming crucial technical regions such as the 200-day simple moving average (SMA) and the 2,000 psychological mark before posting […]
The GBP/USD currency pair didn’t show any interesting movements on Friday. The chances of a renewed downward trend for the British pound are much higher than for the euro. However, the local minimum from October 4th hasn’t been broken yet, indicating that the correction may still continue. The correction, though, appears weak and awkward, but […]
Potential for the downside movement on the EUR The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Outlook for EUR/USD on April 5. The inconsistent market and… April 8, 2024 Analysis of EUR/USD 5M EUR/USD tried to start a logical…Video market update for April 05, 2024 April 7, 2024 Potential for the further […]
Technical analysis: USD/JPY has been trading downside in the background but I found rejection fo the support and bullish divergence in momentum, which is good sign for the further rally. Due to the bullish divergence in momentum and rejection of the support at 149.35, I see potential for the further growth towards upside references. Upside […]
The EUR/USD currency pair attempted to correct itself once again on Friday, but volatility remained low. The price barely managed to reach the moving average. Therefore, the overall ascending correctional movement may persist as the last local minimum has not been breached. This week, the pair may form a new upward correction phase, but strong […]
The EUR/JPY extended its sell-off and now is located at 157.74 at the time of writing. The downside pressure is high, so more declines are favored. You knew from my previous analysis that the price action announced a potential larger drop. Fundamentally, the Spanish Flash CPI reported only a 3.5% growth versus the 3.8% growth […]
Technical analysis: Gold has been trading downside this morning and I found that market is re-testing previous resistance level at $1.993. If market can’t reject of the previous swigns highs, it is the sign for the further weakness. In case of the rejection of the area at $1.993, there is the chance for the re-test […]
#Bitcoin Analysis: The wave analysis of the unfinished segment of the dominant bullish trend since November of last year indicates the completion of the horizontal correction phase. The ascending segment potential from September 12th has reversal potential. After a strong level in the form of a corrective flat was confirmed at the end of last […]
Two sets of PMIs will be released on Tuesday and Friday respectively Improvement would be welcomed as Chinese support measures multiply Aussie to benefit from positive releases but outlook remains cloudy China continues to address domestic issues Following the gradual easing in global inflation rates over the summer, the market turned its focus firmly on […]
EUR/USD Higher Timeframes Last week, the bears were discouraged by the uncertainty surrounding the last couple of days, and as a result, we recorded a bearish sentiment, represented by a long lower shadow of the weekly candle, on the chart. The pair can leave the area of the bullish correction once it breaches the support […]
Crypto Industry News: U.S. Deputy Treasury Secretary Wally Adeyemo confirmed in a speech on Friday that cryptocurrencies play a significant but still relatively small role in global terrorism financing operations. His words clearly contrast with the claims of congressmen earlier this month, who stated that Hamas had been supported with as much as USD 130 […]
Crypto Industry News: Elon Musk has revealed that he is transforming his X platform (formerly Twitter) into an all-in-one financial platform. “When I talk about payments, I’m really talking about a person’s entire financial life… If it involves money, it will be on our platform,” he said. He added that people would no longer “need […]
Technical Market Outlook: The GBP/USD pair has been seen continuing the down move towards the Octobers low located at the level of 1.2036. The local low was made at the level of 1.2068 and currently bulls are trying to bounce above the 50 MA seen at 1.2129. The intraday technical resistance is located at 1.2161 […]
Technical Market Outlook: The EUR/USD pair had broken below the technical support seen at the level of 1.0584 and is currently trading around the 50 and 100 MA on the H4 time frame chart. The nearest technical resistance is located at the level of 1.0608 and the intraday technical support is seen at the level […]
After a relatively active first half of the previous week, the market seems to have entered a sort of stagnant phase. While we witnessed moderate activity on Friday, volatility was quite modest. In general, the pound stayed put. The market needed to take a break to regroup, especially considering the significant events scheduled for this […]
From the weekly chart, the AUD/USD commodity currency pair appears to be dominated by sellers, where this can be seen from the price movement which is below WMA 30 with a decreasing slope, where in the next few weeks AUD/USD seems to be trying to test the 0.6171 level. If this level If it is […]
On the daily chart of EUR/CHF Cross Currency Pairs is currently moving weaken where this things seens from its price movement under WMA 30, so that in a few days ahead as long as there is no upward correction which is exceed the level 0,9613, EUR/CHF has the potential to go down up to the […]
Analysis of GBP/USD 5M On Friday, GBP/USD failed to surpass the level of 1.2109 and continue its downward movement. This is not the first time the price has bounced off this level. The pound breached this mark on Thursday, but that turned out to be a false breakout. As we have previously mentioned, we don’t […]
Gold is ready to test long-term key resistance at 2,075. A break above here will call for a strong rally in gold towards at least 2,400 and more likely, closer to 2,700. If a rapid rally is seen, then the peak of the next rally could be a lot higher. However, for now, we are […]
Crude is currently consolidating in a narrow range between 82.08 and 83.10. Once this consolidation is complete, we should see Crude Oil continue lower in wave C towards support in the 75.63 – 79.34 area, from where a new impulsive rally should be expected. With the next impulsive rally, the instrument should reach at least […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
The U.S. Commerce Department report indicates a rise in core inflation, primarily due to increased housing costs. However, with the anticipated spending cuts in early 2024, most experts expect the Federal Reserve will not raise interest rates, although certain risks remain. Jeffrey Roach, Chief Economist at LPL Financial, asserts that the current data will likely […]
