To open long positions on EURUSD you need: Important data did not come out in the second half of the day, and it was expected that euro buyers began to return to the market after the test of a support level of 1.1290, as sellers again took a wait-and-see position and did not pull down […]
Trend analysis (Fig. 1). On Tuesday, the price may continue the upward trend, with the first target of 1.1349 – the upper fractal, with the ultimate goal which is the resistance line 1.1367 (red bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – […]
Trend analysis (Fig. 1). On Tuesday, the price may continue to move down, with the first target of 1.2661 – a sliding level of 50.0% (blue dashed line) and go further down. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis […]
The single European currency almost did not move yesterday, which is understandable since in Germany there was a day off on the occasion of the celebration of the Day of the Holy Spirit. But in the UK, no one rested that makes everyone sad. Although the reason for the sadness was not the working Monday […]
Crypto Industry News: The president of the US Securities and Exchange Commission Jay Clayton said that the regulator must feel comfortable in connection with the supervision of cryptocurrencies and ensure that no manipulation on the market could take place before approving the ETF cryptographic fund. Clayton made his comments during an interview with one of […]
WTI crude oil futures are rising above the bullish cross within the 20- and 40-simple moving averages (SMAs) but are still hovering below the Ichimoku cloud in the 4-hour chart. The downside momentum appears to have run out of steam as the stochastic oscillator is returning higher while the RSI is trying to gain ground […]
Crypto Industry News: The research company CoinShares in its semi-annual mining report estimates that 74.1% of Bitcoin output is currently powered by renewable energy. The report also states that “at current prices, the average miner is highly profitable, and even older tools and producers with high operating costs are now able to achieve a positive […]
Technical Market Overview: The GBP/USD pair made a quick dip below the technical support at the level of 1.2668 and then bounced slightly, but not for long as well. The bears had started to make pressure on prices and now are trying to push the prices lower towards the level of 1.2647. The momentum is […]
Technical Market Overview: The EUR/USD pair did not move much as the bulls have pushed the price a little bit higher again and now are consolidating the recent gains. Nevertheless, there is a clear bearish divergence between the price and momentum oscillator in overbought market conditions, so traders should expect a sudden spike down. If […]
Technical outlook: We have presented the daily chart view for EURUSD as the single currency pair remains unchanged around 1.1310/15 levels at this moment. It has developed a doji candlestick pattern on the daily chart indicating indecisiveness.Thus, a bearish drop is expected from here. Structurally, we still favor an ending diagonal, possibly into its last […]
The euro showed a moderate correction against the background of overall growth against the dollar. There was no important news that could drastically change the situation. The market is waiting for the Fed meeting in a week, waiting for information about a possible rate cut. EURUSD holds growth. We keep buying from 1.1190 and from […]
The probability of further falling is 70% with the determining resistance of 1/2 WCZ of 1.3336-1.3327. As long as the pair is trading below this zone, the momentum will continue. Yesterday’s move indicates a small support and a zone of limit buy orders. This may provide an opportunity to sell the tool at a better […]
Markets extend relief rally following US-Mexico deal that averted tariffs on Mexican imports Dollar and stocks edge higher, but gains capped amid doubts about Trump-Xi meeting at G20 Pound slips on GDP contraction; unable to find much support from hawkish BoE comments Risk appetite recovers further after US-Mexico truce The US dollar continued to edge […]
GBPCHF bears are keeping control of the pair for the sixth consecutive week, driving it down by more than 6.0% since the peak at 1.3398 and near an almost five-month low of 1.2539. Specifically, the price is far below its simple moving averages (SMA) at the moment, suggesting that the downward pattern may not be easy to reverse in the short-term. The […]
AUD / USD pair In the last two days, the Australian dollar made attempts to consolidate over the resistance cluster on a daily scale. However, the attempt ended with a divergence on the lower scale of H4, as well as the absorption of the Friday candle and the departure of the price under the balance […]
Yesterday, the closing of the American session occurred below the 1/2 WCZ of 0.6618-0.6612. This indicates a change in the direction of trade and sales came to the fore. The first goal of the decline will be the weekly CZ of 0.6558-0.6546, which coincides with the range of the average progress of the current week […]
GBP is trying to recover from the 136.56 low, but is clearly experiencing difficulties in it. The political uncertainty in the UK is weighing on GBP. However, we continue to look for more GBP-strength and a breakout above minor resistance at 138.26 will pave the way for a continued movement towards 139.62 and maybe for […]
When the European market opens, some economic data will be released such as Sentix Investor Confidence. The US will also publish the economic data such as IBD/TIPP Economic Optimism, PPI m/m, Core PPI m/m, and NFIB Small Business Index, so amid the reports, the EUR/USD pair will move with low to medium volatility during this […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y and M2 Money Stock y/y. The US will also publish some economic data such as IBD/TIPP Economic Optimism, PPI m/m, Core PPI m/m, and NFIB Small Business Index. So there is a probability the USD/JPY pair will move with low to medium volatility during […]
GBPUSD failed several times to jump above the 20-day moving average and the 23.6% Fibonacci retracement level of the downward wave from 1.3380 to 1.2560, near 1.2753, suggesting weak momentum in the daily timeframe. The negative to neutral bias in the near term is supported by the deterioration in the momentum indicators. The %K line […]
Yesterday’s decline in the pair became natural, since on Friday there was an expiration of the option contract. Friday’s compensation movement had a probability higher than 70%. Today GBPUSD is trading near the important WCZ 1/4 support zone 1.2677-1.2669. Until consolidation below this zone occurs, the likelihood of renewed growth is high. Work in the […]
Forecast for June 11: 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, 1.1305, 1.1286, 1.1259 and 1.1214. Here, we are following the local ascending structure from June 5th. Short-term upward movement is possible in the range of 1.1363 – […]
We bring to your attention a comprehensive markup options for the movement of EUR/USD vs #USDX from June 11, 2019. Minuette (h4) ____________________ US Dollar Index The movement of the dollar index #USDX from June 11, 2019 will be due to the development of the borders of the 1/2 Median Line channel (96.75 <-> 96.90 […]
The Mexican peso avoided a collapse and even rose by more than 2% at the beginning of the week after the US and Mexico concluded a migration agreement to prevent a new tariff war. The agreement supports the restoration of risk appetite on the part of investors, which had a positive effect on the dollar […]
The rate of the British currency against the US dollar can plummet to its lowest level in two years if the new prime minister of the United Kingdom becomes a supporter of a “hard” Brexit, Bloomberg reported. Recall, on Friday, the head of the British Cabinet of Ministers Theresa May left the post of chairman […]
For more than a week and a half, the USD index showed a decline of one and a half figures, having slumped from 98 points to 96.5 points. The idea of a quick easing of monetary policy by the Fed continues to gain popularity among investors. The conference of the Federal Reserve Bank of Chicago […]
The dollar is not able to hold back after a weak employment report. On Monday, its growth is fairly restrained, despite the positive market relative to the conclusion of a deal with the Mexicans. This is due to the high expectations of a change in the course of monetary policy in the United States. In […]
4-hour timeframe The amplitude of the last 5 days (high-low): 102p – 50p – 88p – 108p – 97p. Average amplitude for the last 5 days: 89p (79p). The first trading day of the week was quite confident for the EUR/USD. A correction took place, but the pair did not reach the critical line, and […]
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 […]
On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]
