The burger chain saw its stock hitting a new record high of 206.30 on Friday, marking a growth of 17% for the year. The 20-day simple moving average (SMA) helped the bulls to retake control this week, while the positive momentum in the MACD and the RSI suggests the bullish party is not over yet for the stock. The peak at 206.30 could potentially […]
Inflation in the United States slowed more than expected, falling from 2.0% to 1.8% instead of 1.9%, but the dollar still managed to strengthen its position. However, such a decrease in inflation practically leaves the Federal Reserve System with no choice but to reduce the refinancing rate. There are already rumors about such a development […]
NZDUSD has been holding within a narrow range over the last couple of days, with upper boundary the mid-level of the Bollinger band around 0.6590 and lower boundary the 0.6565 support level. The MACD is flattening near its red signal line, while the RSI is still hovering below the neutral threshold of 50, all signaling a more cautious trading in […]
ER / USD On June 12, Wednesday, trading ended for EUR / USD by 40 bp decline. Thus, the three-wave downward correctional structure, which I spoke about in recent days might have been completed, since the maximum of the supposed wave 5 has not been updated, and after it, three waves are already traced. Thus, […]
To open long positions on GBP/USD, you need: Buyers of the pound left the market after yesterday’s inflation data in the US. The primary task of the bulls is to hold the pair above the support of 1.2682, the formation of a false breakout will be a signal to buy the pound. In the scenario […]
To open long positions on EURUSD, you need: Buyers will try to stay above the support of 1.1290 today, and the formation of a false breakdown there will be the first signal for opening long positions in the expectation of updating the weekly maximum in the area of 1.1341, where I recommend taking the profit. […]
GBPJPY stabilized around a key barrier of 137.40 after bouncing on the five-month trough of 136.54. Although the RSI is currently sloping down, the indicator seems to be building an uptrend, confirming another higher high near its 30 oversold mark earlier this week. The MACD is also trending up above its red signal line, adding further hopes for a […]
Major pairs struggle against the yen as the market mood sours on low hopes of a US-China trade deal US dollar also supported from risk-off despite softer-than-expected inflation data Pound gains then falls again as opposition MPs fail to get backing for legislation blocking a no-deal Brexit Safe havens back in demand Fading hopes that […]
There is no strong important news. The market is waiting for two events: the G-20 Summit where Trump is expected to meet Xi Jin Ping regarding trade disputes. Trump threatened to raise duties by $ 300 billion worth of goods from China if negotiations did not take place. The second event – the Fed meeting […]
Today, the pair is in the middle of the flat range formed a week earlier. This speaks of keeping sales open after the 1/2 WCZ OF 108.79-108.70. The goal of the downward movement is the lower border of the flat, which is located at last week’s low. Transactions from the current levels are unprofitable in […]
Crypto Industry News: The American payment giant, Visa, launched a cross-border payment network based on certain aspects of Blockchain technology, as reported by financial media. The network, called “B2B B2B Connect”, aims to facilitate international payments made by global financial institutions by enabling direct interbank transactions between enterprises and beneficiaries. According to the publication, the […]
Crypto Industry News: Governor of the Central Bank of the Philippines, Benjamin Diokno, warned against the potential use of cryptocurrencies for financing terrorism and stressed that Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country, as we read in the local newspaper. In addition to comments from Diokno, the […]
Technical Market Overview: The GBP/USD pair continues to trade inside of a narrow range located between the levels of 1.2652-1.2761. It is worth to notice, that the market has made two Pin Bar like candlestick formation around the upper consolidation boundary, which is the level of 1.2761. The momentum is barely holding the neutral fifty […]
Today, the pair is trading within the 1/2 WCZ of 0.9954-0.9945, which makes it possible to fix some of the purchases that were open this week and the previous. Today, sales of the instrument are possible if a “false breakdown” model is formed. The first goal of the reduction will be the June minimum. Yesterday’s […]
USDJPY has been on the sidelines for the most part of the week as the 109.00 level seems to be a real obstacle for the bulls. Over the last seven weeks the pair has been developing in a descending channel, erasing the bullish retracement from the 104.64 support. Technically, the price could lose some ground […]
Technical Market Overview: The EUR/USD pair has broken below the short-term trendline support and violated the technical support at the level of 1.1305 as well. In that situation, the sell-off might accelerate towards the level of 1.1250 or even 1.1224. That move down will be considered as a local pull-back as along as new low […]
While EUR/JPY holds bullish tone, GBP/JPY remains under downside pressure. The question remains, whether GBP/JPY needs to make a new low closer to 134.52 to complete wave 2 or wave 2 completed with the test of 136.56. When the new Tory leader is elected, GBP may gain momentum moving higher towards 139.60 and 141.40 as […]
When the European market opens, such economic data as Industrial Production m/m, Italian Quarterly UnemploymentRate, and German Final CPI m/m will be published. The US will release data on 30-year Bond Auction, Natural Gas Storage, Unemployment Claims, and Import Prices m/m. So, amid the reports, EUR/USD will move in a low to medium volatility during […]
Japan will release the Tertiary Industry Activity m/m, 30-yBond Auction, BSI Manufacturing Index while the US will pusblish such data as 30-year Bond Auction, Natural Gas Storage,Unemployment Claims, Import Prices m/m. 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.3:108.97.Resistance. 2:108.76.Resistance. 1:108.54.Support. […]
EUR/JPY is building an increasingly bullish structure, after failing to move closer to 123.60. After peaking at 123.07 we have seen EUR/JPY dip just below 122.26 indicating another first and second wave building in red. This means red wave iii of iii will be even strong and more powerful once it takes over. Red wave […]
GBP/USD Yesterday, the pound sterling moved down from the signal level of 1.2762, overcoming of which would be a sign of further growth to the MACD line of the daily scale in the 1.2875 area. The daily Marlin oscillator signal line continues to move along the boundary of growth and decline zones. On the four-hour […]
AUD/USD The Australian dollar predictably and systematically declines to the first target of 0.6900 – support for the embedded line of the price channel of the higher TF. This morning, the Marlin oscillator signal line entered the zone of negative numbers, which increases the likelihood of the price going below the area of 0.6900 and […]
GBPUSD is near support, a bounce to 1st resistance is possible Entry: 1.2844 Why it’s good : 100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing low support Stop Loss : 1.1256 Why it’s good :38.2% & 61.8% Fibonacci retracement,100% Fibonacci extension, horizontal swing low support Take Profit : 1.1342 Why it’s good: 100% […]
Price broke past its major support where we expect to see a further drop to its next support. Entry : 0.6939 Why it’s good : 23.6% Fibonacci retracement, horizontal pullback resistance Stop Loss : 0.6963 Why it’s good : horizontal pullback resistance Take Profit : 0.6901 Why it’s good : Horizontal overlap support, 78.6% Fibonacci […]
USDJPY to test key resistance, a drop to 1st support is possible Entry: 109.012 Why it’s good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance Stop Loss : 109.914 Why it’s good :50% Fibonacci retracement,horizontal swing high resistance Take Profit : 107.854 Why it’s good: 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing […]
Forecast for June 13: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1435, 1.1416, 1.1384, 1.1363, 1.1333, 1.1286, 1.1259 and 1.1214. Here, we continue to monitor the local ascending structure of June 5. The resumption of the upard trend is possible after the […]
Risk appetite on the eve of the G-20 summit may decline, so it is better to pay attention to the yen and sell the dollar and the euro against the Japanese currency. At least, this opinion is shared by BofAML analysts. The bank entered a short position on the EUR/JPY pair as early as last […]
4-hour timeframe The amplitude of the last 5 days (high-low): 88p – 108p – 97p – 41p – 37p. Average amplitude for the last 5 days: 74p (77p). The EUR/USD pair held the third trading day of the week in moderate trading with minimal volatility, although today there were already two events that could cause […]
4-hour timeframe The amplitude of the last 5 days (high-low): 66p – 73p – 74p – 89p – 62p. Average amplitude for the last 5 days: 73p (75p). The British pound sterling shows the lowest volatility in trading on Wednesday, June 12th. The only important macroeconomic report today — inflation in the United States — […]
Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. For Intraday traders, the price zone around 1.1235 stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23. Short-term outlook turned to become bearish […]
