Bitcoin has lost steam residing below the $10,000 psychological area. The price went down below $9500. Bitcoin managed to reach $10,000. Nevertheless, it could not break above this level. The Bitcoin pullback that started over the weekend has accelerated as we hit mid-week. During yesterday’s US trading session BTC dropped below the highly critical $10,000 […]
The rate of the British currency against the euro reached its lowest level since January this year. Westpac experts believe that now is the time to buy the pound. They recommend selling EUR/GBP from 0.9085 with the target at 0.8845 and a stop at 0.9125. The bank’s strategists note that a combination of factors speaks […]
The euro and the pound made an attempt to continue the decline against the US dollar, but inflation data in the UK and the eurozone limited the downward potential. To say that bears have groped the bottom, it will not be quite right, as for a real market reversal and the formation of an upward […]
To open long positions on GBP/USD, you need: The morning forecast for the purchase from the level of 1.2382 has fully worked itself out and now the bulls’ goal is the resistance of 1.2452, which will be difficult to reach, given that inflation in the UK coincided with the forecasts of economists. With the GBP/USD […]
To open long positions on EURUSD, you need: Buyers managed to hold the pair after updating the lows of yesterday and returned to the market after the divergence, which I drew attention to in my morning review. At the moment, the situation is not very clear. The bulls will strive for the resistance of 1.1236, […]
The price of crude oil tanked by more than 4% yesterday after US Secretary of the State, Mike Pompeo said that Iran had approached the US for talks. He did not share more details on this but it came a day when the Iranian Foreign Minister, Javad Zarif was in the United States. This was […]
Singapore is one of the most successful country in the world. The country has seen its GDP increase from more than $704 million in the 1960s to the current $323 billion. This has widely been described as the Singapore’s economic miracle that was engineered by the former leader, Lee Kuan Yew. Lee served as the […]
EURNZD kept up the downwards move after surpassing the previous swing low of 1.6795 to flirt next with the 23.6% Fibonacci of the down move from 1.7926 to 1.6285, of 1.6675. Although the price fell below the coupled 100- and 200-day simple moving averages (SMAs), the 100-SMA has slightly crossed above the 200-SMA, suggesting maybe […]
Streaming giant Netflix is due to announce its second quarter earnings later today after the market close on Wall Street – the first of the FAANG companies to report. As competition heats up in the sector, all eyes will be on how many new subscribers Netflix managed to attract in Q2 amid concerns about the […]
GBPAUD extended its losses towards a new six-month low of 1.7630 on Tuesday, recording five straight red days. The selling interest started after the pullback on the almost three-year high of 1.8880, pushing the pair beneath the short-term moving averages and the Ichimoku cloud. The RSI indicator is hovering in the oversold zone; however, the […]
The Reserve Bank of Australia (RBA) showed willingness to engage in further monetary easing at the July meeting but the weakness in the US dollar helped the Australian currency to recoup its losses and reach its latest peaks. On Thursday at 0130 GMT, the closely watched jobs report out of the country may indicate that […]
The US dollar index had a successful daily close above the 50-simple moving average (SMA) suggesting remarkable gains, during yesterday’s trading session. The stochastic oscillator is moving higher after it completed a bullish crossover within the %K and %D lines, while the MACD is trying to strengthen its bullish momentum above zero line. Should the […]
EURJPY slid down in the last week to near the lower boundary of a symmetrical triangle, that began almost two months ago on May 21, where the seller’s momentum evaporated. Today sellers are pushing down again heading for a retest. Following the price decline from the upper boundary to the lower boundary, the MACD moved […]
Pound touches 27-month lows as no-deal Brexit concerns resurface Dollar capitalizes, and may have more room to recover for now Oil sinks as Washington hints at “progress” with Iran Canadian inflation data coming up Sterling stumbles as no-deal worries wreak havoc The pound came under fire on Tuesday, falling by more than one big figure […]
To open long positions on GBP/USD you need: Pound buyers will try to focus on good data on inflation in the UK, however, as we remember, yesterday the report on the labor market did little to help. In a decline scenario for long positions, you can take a closer look at the support test of […]
To open long positions on EURUSD you need: Today, euro buyers have to rely on a good report on inflation in the eurozone, which can stop the current downward trend. A signal to open long positions will be a test of a large support level of 1.1195 with simultaneous formation of divergence on the MACD […]
Trend analysis (Fig. 1). On Wednesday, according to the weekly calculation, the downward movement will continue, with the first target of 1.1194 – the lower fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis – down; – trend analysis – […]
Trend analysis (Fig. 1). On Wednesday, the price may start moving upwards, with the first target of 1.2454 – the pullback level of 14.6% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – up; – candlestick analysis – down; – trend analysis […]
AUDUSD changed direction to the downside after printing a bearish doji near the two-month high of 0.7046 in the four-hour chart, keeping the market within the 0.7046-0.6900 range. The price has also retreated below the 20-period simple moving average (SMA), while the weakness in the RSI and the MACD is an additional warning that bearish sentiment is likely to […]
EURGBP skyrocketed in the preceding couple of days, challenging a new six-month high of 0.9046. The rebound on the 0.8490 drove the pair to an upside rally above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, confirming the bullish tendency. However, looking at the technical indicators, they seem overbought, suggesting a possible […]
Microsoft stock has been in a 7-month ascending channel since December but last week ran into a wall near the previous all-time high of 138.34 set two weeks ago. Sellers have picked themselves up and today started to push down. Although the bullish bias from the 21-, 50- and 100-day simple moving averages (SMA) is apparent, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 26p – 62p – 41p – 37p – 31p. Average amplitude for the last 5 days: 39p (39p). Traders did not wait for Jerome Powell’s speech in Paris and the publication of macroeconomic reports in the US, but just from the very beginning of the […]
The euro continued its downward movement, despite the fact that exports of goods from the eurozone increased in May this year, while imports declined. EURUSD Many analysts have already started talking about the fact that the eurozone economy has stood firm against the background of a sharp deterioration in trade relations and a slowdown in […]
Initially, Temporary Bullish breakout above 1.1335 was demonstrated (suggesting a high probability bullish continuation pattern). However, the EURUSD pair has failed to maintain that bullish persistence above 1.1320 and 1.1275 (the depicted price levels/zones). This was followed by a deeper bearish pullback towards 1.1175 where significant bullish price action was demonstrated on June 18. The […]
Bitcoin is still struggling to sustain the bullish pressure above $10,500. As the price remains above $10,000 with a daily close, Bitcoin bulls have a good chance to push the price higher. Bitcoin and the overall crypto market have faced prolonged downward pressure that they have been battling with over the past several weeks. The […]
Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550 with a prominent key-level around 1.2650. In June , temporary bullish consolidation patterns were demonstrated above 1.2650 for a few trading sessions. However, the price level […]
The world’s largest company by market capitalization will report its quarterly earnings on Thursday, after Wall Street’s closing bell. Forecasts point to another solid quarter, with investors likely to focus mainly on key business segments like cloud computing. Overall, the company’s stock is on a tear, having gained more than 36% this year – though […]
Trade and inflation numbers will be watched out of Japan this week ahead of the weekend elections for Japan’s upper chamber. The June trade data is due on Wednesday at 23:50 GMT, while the inflation figures for the same month will be published on Thursday at 23:30 GMT. Both releases are projected to point to […]
The speech of the head of the Federal Reserve Jerome Powell in the Congress and the minutes of the June meeting of the FOMC gave a new impetus to the weakening of the US currency. However, it did not receive significant development. Strong inflation data in the US for June somewhat reduced the likelihood of […]
According to analysts of the largest bank, Mr. Stanley, the Australian national currency has excellent potential for growth against the US dollar. Specialists say that the Australian dollar is strengthening its fourth session in a row after the release of economic data from China, which turned out to be better than expected and increased the […]
