EURUSD is trading right above 1.12 and has broken critical trend line and Fibonacci levels. Bulls need to step in now in order to save the bullish scenario. Otherwise the bears regain medium-term trend control. Green line – major trend line support EURUSD has broken the 61.8% Fibonacci retracement. Price has broken also the upward […]
Gold price has moved towards $1,390-$1,400 as expected and is challenging the recent lows at $1,393. Breaking below this level will open the way for a move towards $1,335-$1,300, as price has also broken below important trend line support. Bulls need to act now if they want to save the short-term trend. Green line -trend […]
Since February 28, the EURUSD pair has been moving within the prvious downside channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the highlighted period between (May 17th and June 5th), temporary bearish breakdown below 1.1175 was […]
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. On June 4, temporary bullish consolidations above 1.2650 were demonstrated for a few trading sessions. However, the price level of […]
The EUR has been trading exactly what I expected yesterday after the growth rose in June well above expectation. The price is heading towards my first target at the price of 1.1200 and also the round number. Watch for levels 1.1200-1.1182 for potential retracement but in case of the down break, downward target will be […]
The Gold has been trading exactly what I expected yesterday after the growth rose in June well above expectation. The price filed my first downward target at $1.401 and it going towards second at $1.380. I see still more downside potential on the Gold. On the 4H time-frame I found that there is bear cross […]
In determining currency exchange rates, the direction of movement of central bank rates is not the only thing important but also their potential to change. If back in 2015-2016, the ECB weakened monetary policy and the Fed tightened, the EUR/USD pair naturally fell. In 2017, Mario Draghi started talking about normalization and the market took […]
Industry news: Bank of Japan shelves on plans to issue central bank backed crypto. Like other cryptos, Facebook must comply with existing anti-money laundering guidelines. At the time the regulators around the world are coming into terms with the announced Facebook’s cryptocurrency Libra, the deputy governor of the Bank of Japan (BoJ) Masayoshi Amamiya makes […]
According to some analysts, we can expect a rise in the price of the yellow metal in the near future. Experts believe that the value of gold, entrenched at around $ 1414, resembling a lucky ticket, will exceed this figure. Experts believe that global geopolitical instability and the beginning of a new cycle of monetary […]
Today, the US will publish the NFP employment report, which is important to the regulator before the new FOMC meeting this month. During its release, a surge in volatility is expected. If the data disappoints traders, the euro will go up but it is unlikely to move further than $1.1340. With upbeat statistics, the euro […]
EURGBP has hit a strong wall at the 78.6% Fibonacci retracement of the downleg from 0.9111-0.8471 around 0.8974. Momentum indicators remain in bullish territory but are sending out mixed signals for the near-term picture. The stochastics are pointing upwards, suggesting further advances are possible in the coming days. However, the RSI has flatlined, indicating the […]
Economic releases will be somewhat sparser in the coming week but there will be several key data to keep an eye on as well as central bank activity that could shape expectations of future monetary policy. The Bank of Canada meets for its latest policy decision and will probably resist making a dovish tilt, while […]
GBPCHF is moving sideways in the very short-term, above the downward channel’s upper boundary as momentum failed to continue the down move, when the pair met the obstacle supports of 1.2378 and 1.2417. Temporarily breaking the lows in previous weeks, the price is currently hovering between the 1.2378 and 1.2417 awaiting the move to give […]
Bitcoin growth stopped at around 12 000 USD and traders failed to cope with this range against the background of new purchases that have been observed in the market since the beginning of this week. Yesterday, another study was published, which proves that part of the trading volumes in the cryptocurrency market was fabricated. A […]
To open long positions on EURUSD you need: The situation has not changed in comparison with yesterday’s forecast. The upward correction is still limited by the resistance of 1.1307, and for the time being, the bulls’ task remains the same. A breakthrough and consolidation above this range will lead to further growth of EUR/USD with […]
Rest and enough! We are waiting for great achievements after yesterday’s either standing or lying in place, which could not interrupt even the unexpectedly sad slowdown in retail sales growth in Europe from 1.8% to 1.3%. Thus, everyone should cheer up and immediately find the strength to force themselves to work on Friday, after a […]
4 hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -66.3750 On Friday, July 5, the pound / dollar currency pair is trading near Murray’s level “0/8” – 1.2573 without any sharp fluctuations and with minimal volatility. […]
GBPJPY has been in a downward tendency over the last four months, recording a new six-month low of 135.15 in the previous days. However, the technical indicators are suggesting a potential upside movement as the %K line of the stochastic is ready to complete a bullish cross with its %D line in the oversold territory […]
US employment data today will be crucial for Fed rate-cut expectations and the dollar Canadian jobs figures also due, as loonie touches new 2019 high In Europe, bond markets continue to price in QE, but euro snoozes US payrolls may dictate how deep Fed cuts in July and dollar’s path After a relatively quiet session […]
USDCAD has come under renewed selling pressure following the bounce off the 1.3430 resistance level and the 40-simple moving average (SMA). Despite the latest pullback though, the pair continues to post fresh lows, hitting a seven-month trough around 1.3035. Looking at momentum oscillators on the daily chart though, they suggest further declines may be on the cards […]
We still need a breakout above minor resistance at 121.84 to indicate that EUR/JPY has bottomed and a new impulsive rally in wave 3 is developing for an ultimate breakout above the 127.50 peak. As long as minor resistance at 121.84 is able to cap the upside, we still could see a final dip closer […]
4-hour timeframe The amplitude of the last 5 days (high-low): 34p – 42p – 90p – 47p – 44p. Average amplitude for the last 5 days: 51p (51p). As we expected in the morning, nothing special stood out today, during the fourth of July, having the status of a semi-weekend since Independence Day is being […]
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. On June 4, temporary bullish consolidations above 1.2650 were demonstrated for a few trading sessions. However, the price level of […]
EURUSD is trading just below 1.13 near important short-term Fibonacci support levels, with high chances of a reversal to the upside if bulls manage to break above 1.1320. Short-term bullish divergence signals are seen but no reversal confirmation yet. Green line – important support trend line Black line – RSI resistance trend line EURUSD is […]
The Gold didn’t have enough power to break the swing high at $1.438 and high was missed by few ticks, which is sign for me that buyers got very exhausted there. Since there is the fail test of high in the background, my focus is on downside. Short-term resistance-fib confluence level is set at $1.420 […]
Since February 28, the EURUSD pair has been moving within the depicted downside channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the highlighted period between (May 17th and June 5th), temporary bearish breakdown below 1.1175 was […]
Gold price got rejected at $1,439 and has pulled back towards previous resistance now support at $1,400. Gold is in a trading range and it is better to be neutral until we see a clear break of resistance or support. Red rectangle – support Green line – trend line support Yellow rectangle – resistance Gold […]
USDZAR has recorded significant losses in recent weeks, moving back below its 50- and 200-day simple moving averages (SMAs) to record a lower low on the daily chart. The picture therefore seems to be shifting to negative, though a clear break below the 13.86 – 13.79 zone is needed to confirm that. Looking at momentum […]
Google stock price has found a strong resistance level around the 38.2% Fibonacci retracement level of the downleg from 1,288.47 to 1,023.50 near 1,125 as it tries to extend its gains after the rebound on 1,023.50. Momentum indicators now suggest that the market sentiment might increase even higher as the stochastic lies in overbought area and the MACD is rising above its trigger line. […]
AUDJPY remains confined in a relatively narrow sideways range, between 73.90 and 76.30, since early May. The near-term outlook is therefore neutral, with a break on either side needed to provide the directional bias. Momentum oscillators also paint a flat picture, with the RSI flattening near its neutral 50 line, and the MACD being close […]
