For the last trading day, the euro / dollar currency pair showed high volatility of 61 points. As a result, the quote resumed the inertial movement. From the point of view of technical analysis, we see that the quote is smooth; however, it puts pressure on the decline, overcoming points of periodic pillars on the […]
EUR / USD On Tuesday, June 18, trading ended for the pair EUR / USD with a decrease of 25 basis points. This is not much, but this decrease leads to the fact that the expected wave 2 takes on an even longer appearance and threatens to transform into a pulsed wave with the complication […]
On Tuesday, June 18, the ECB conducted a verbal intervention against the euro: The head of the ECB President Mario Draghi made a statement that the ECB could apply new incentive measures in July – to push the beginning of the rate increase even further or lower the rate for banks on deposits (now minus […]
For the last trading day, the currency pair pound / dollar showed a low volatility of 58 points, but this fluctuation was enough to get close to the key value. From the point of view of technical analysis, we see a good inertial move, where the quotation, as expected, moved closer to the key point […]
To open long positions on GBP / USD you need: Today, pound buyers will try to get out of the side channel and break through the resistance of 1.2565, which will be a signal to open long positions to the highs of 1.2603 and 1.2649, where I recommend taking profits. However, in the first half […]
To open long positions on EURUSD you need: To return to the buyers’ market, consolidation in the first half of the day is needed above 1.1211 resistance, which will lead to a larger upward correction in the area of yesterday’s maximum of 1.1242 and to its updating in the area of 1.1286, where I recommend […]
All eyes on Fed – Powell may have trouble satisfying the bears Euro cruises lower as Draghi signals more stimulus Stocks roar higher as Trump-Xi agree to meet at G20 UK & Canadian inflation data coming up Fed meeting: Dovish, but enough to appease the market? The main event today will be the Fed policy […]
4 hour timeframe Technical details: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. The moving average (20; smoothed) – down. CCI: -64.5402 On Wednesday, June 19, the GBP / USD currency pair began to correct completely against the downward trend, as indicated by the purple bars of […]
4 hour timeframe Technical details: The upper linear regression channel: direction – down. The lower linear regression channel: direction – up. The moving average (20; smoothed) – down. CCI: -98.1574 Tuesday, June 18, was held for EUR / USD in the next fall after Mario Draghi declared his readiness to use any monetary policy instruments […]
USDJPY remains stuck in a bearish phase as the momentum oscillators struggle in negative territory. The RSI is trending downwards below the 50 level, while the MACD histogram is heading back down below 0, though it’s holding above its red signal line for now. Prices are currently being capped by the 108.75 level, whish is […]
Today, the main issue of the last few months will be resolved: we will find out whether the US regulator intends to lower the interest rate or are rumors of it premature? The probability of monetary policy easing at the July meeting is now almost at 80%, so the dollar has every chance of a […]
The downward movement continues to be a mid-term impulse. Yesterday, the monthly low was updated and this has not yet led to the formation of an absorption pattern, so retaining a portion of sales is the main plan for today. The medium-term goal of the decline is the lower limit of the average weekly range […]
This week, the main resistance is the June monthly short circuit. A test of this zone will result in a sentence in most cases. A small out of the zone is possible, since the weekly range of the middle stroke is located just above it. The “false breakout” pattern of last week’s high is suitable […]
BITCOIN managed to sustain bullish momentum above $9000 area despite certain retrace and retest off the level recently. The price broke below the short-term trend line support held by the dynamic levels as support. Bitcoin incurred a massive influx of buying pressure that sent it surging past its previous resistance levels that existed around $9000. […]
When the European market opens, some economic data such as Italian Trade Balance, Current Account, and German PPI m/m will be released. The US will publish such economic data as Federal Funds Rate and Crude Oil Inventories. So, amid the reports, EUR/USD will move in a medium to high volatility during this day. TODAY’S TECHNICAL […]
Today, Japan will release the Trade Balance reposrt while the US will publish such economic data as Federal Funds Rate and Crude Oil Inventories.So, there is a probability that the USD/JPY pair will move with medium to high volatility during this day. TODAY’S TECHNICAL LEVEL:Resistance. 3:109.15.Resistance. 2:108.95.Resistance. 1:108.73.Support. 1:108.46.Support. 2:108.25.Support. 3:108.04. (Disclaimer) The material has […]
Crypto Industry News: Lithuania is preparing new regulations regulating cryptocurrency transactions, requiring enterprises to prove the identity of customers, reports the local newspapper. As part of its obligations to comply with EU anti-money laundering regulations, the Lithuanian Ministry of Finance will seek to fully formalize the cryptographic exchange operations. Parliament approved the move during the […]
Crypto Industry News: The social media giant, Facebook, today published the white book of its long-awaited project of financial infrastructure based on cryptocurrencies and Blockchain. According to the document, Facebook’s global stablecoin, referred to as “libra”, will operate on the native and scalable Blockchain Libra and will be supported by a reserve of assets allegedly […]
Technical Overview: The EUR/USD pair has broken through the technical support at the level of 1.1206 and made a new local low at the level of 1.1181. The market is now moving inside of a descending channel and the bears aim for the level of 1.1118. As long as the price stays under the technical […]
Technical Overview: The GBP/USD pair has made Bullish Engulfing candlestick pattern at the level of 1.2511, so the bulls are trying to bounce. The momentum is weak and negative, so it supports the move down, but the market conditions are starting to bounce from the oversold levels, so some kind of the local-pull back is […]
AUD / USD pair Yesterday, the Australian dollar grew by 24 points after testing the embedded line of the price channel on the daily chart below. On the H4 chart, the Marlin oscillator is in a growing position, but the price still remains below the balance line (red indicator) and the MACD line (blue indicator). […]
GBP/USD On Tuesday, the pound sterling failed to consolidate below the target level of 1.2530, which created a convergence with the Marlin oscillator on the daily scale chart, which creates an increased probability of price growth to the previous target level of 1.2610. But the daily marlin signal line might go below the pink line […]
EUR/USD Everything is bad for the euro on Tuesday. Eurozone’s trade balance for April was 15.3 billion euros against expectations of 16.4 billion, the eurozone ZEW business sentiment index for June fell from -1.6 to -20.2 points, Mario Draghi reiterated that the ECB might lower the rate further and directly buy back assets on its […]
The downward movement of the current week continued the momentum of the previous one. The main purpose of the fall can be considered the range of the average weekly course. It is located near the June low, which makes these levels decisive in the medium term. For those who keep sales from the current or […]
Last week, the close of trading occurred outside the middle course, which allows you to work in the purchases with a probability of a return of 90%. The level of the lower limit of the average course of last week is at 0.6914. For those who have already entered a long position, this level will […]
Forecast for June 19: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1268, 1.1246, 1.1231, 1.1194, 1.1181, 1.1153 and 1.1131. Here, we continue to follow the development of the downward cycle of June 12. The continuation of the movement to the bottom is […]
Let me bring to your attention a comprehensive analysis of options for the development of the movement of currency instruments EUR / USD vs USD / JPY vs EUR / JPY on a Minuette operational scale (H4 time frame) from June 19, 2019. ____________________ Euro vs US Dollar The movement of the single European currency […]
On Wednesday, traders will focus on the Committee members’ projections on where the Federal funds rate will be. In December last year, financial officials predicted two rounds of monetary tightening; in March – none. Now the forward market estimates the probability of a rate reduction in 2019 at 89%. If the US regulator does not […]
4-hour timeframe The amplitude of the last 5 days (high-low): 62p – 77p – 46p – 102p – 76p. Average amplitude for the last 5 days: 73p (75p). If the EUR/USD currency pair resumed its fall today against the background of the “dovish” speech of ECB head Mario Draghi, then the pound/dollar pair continued to […]
4-hour timeframe The amplitude of the last 5 days (high-low): 37p – 61p – 36p – 86p – 43p. Average amplitude for the last 5 days: 53p (52p). The EUR/USD pair ended the second trading day of the week with a new decline and also updated the local low. Today, there were enough factors for […]
