To open long positions on EURUSD, you need: Buyers need to return to the resistance level of 1.1143 today, from which it will be possible to see an upward correction to the maximum area of 1.1170, where I recommend fixing the profits. Given the weak fundamental statistics on the eurozone, which was published during this […]
Gold has been extremely volatile and corrective recently residing above $1276 area with a daily close. Though the price has been expected to rise to new highs. Despite the US-China trade tensions, gold as safe heaven has suddenly dived down. This drop slightly hammered the market sentiment. Now, it’s quite hard to discern any signals […]
The greenback maintains strength while the euro continues its downtrading. The US is expected to sustain momentum further in the coming days. Eurozone economy is going through hard times in the year 2019. Some economists think that it is unlikely to recover soon. The setbacks for the economy include vulnerabilities from real estate bubbles to […]
Technical Market Overview: The full retreat on the EUR/USD pair continues as the price almost hit the key short-term technical support located at the level of 1.1105. All the gains from the last week are almost erased and now the key question is whether the bears will break back under the level or 1.1100 or […]
Technical Market Overview: The GBP/USD pair has moved lower as anticipated and almost tested the technical support at the level of 1.2605 before a small bounce was made. The momentum is weak and negative, so the short-term outlook remains bearish. The volatility is getting low, but the bearish pressure is visible. The larger timeframe trend […]
Morning Report: 07.00 London This morning, the dollar index is coming off the highs as risk taking returns to markets. Dollar pairs are generally positive, with the AUD/USD leading the pack and pushing to break through the week’s impasse. The GBP/USD is also positive this morning and lifting off the lows. 1.2600 is holding for […]
Crypto Industry News: Another global corporation: AT & T, decided to accept payments in cryptocurrencies. Customers can pay bills using BitPay, which offers two main cryptocurrencies: Bitcoin and Bitcoin Cash. AT & T is one of the largest telecommunications companies in the world. The company is listed on the NYSE Stock Exchange. AT & T […]
Crypto Industry News: The police in Russia arrested the alleged creator of the crypto-pyramid program from Kazakhstan, which faced an international arrest warrant, the Russian Ministry of the Interior (MOI). The unnamed detainee is supposedly accused of cheating investors through a scam associated with cryptocurrencies, which promised high profits from cryptographic investments. The Ministry of […]
Technical outlook: The EUR/USD pair dropped to 1.1140/50 levels yesterday, enabling profit booking on the short positions taken around 1.1200/10 levels earlier. If the entire chart from 1.1111 lows is analyzed, there is no trend seen. it is just a sideways movement. Hence, the significance of support and resistance should be taken into consideration. Prices […]
AUD / USD pair The fourth day of the Australian dollar is consolidating below the embedded line of the price channel on a daily scale chart. The Marlin oscillator signal line continues to move upward on the daily chart and it moves to further to the growth zone on the four-hour chart. Fixing the price […]
On Wednesday, the euro fell by 29 points due to the complication of trade relations between the US and China and the increased pressure of the EU on Italy in connection with its violation of financial discipline. Italy faces a fine of 3 billion euros. On the daily chart, the price fixed below the Fibonacci […]
GBP/USD Under the overall pressure of the dollar, the British pound overcame the support of 1.2660 (at least August 15, 2018) yesterday and is now ready for further decline. On the four-hour chart, the price once again touched the MACD line, and resolutely went down, fixing itself under both indicator lines. The Marlin oscillator on […]
Forecast for May 30: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1171, 1.1157, 1.1146, 1.1123, 1.1115, 1.1099, 1.1080 and 1.1067. Here, we are following the development of the downward structure of May 27. Continuation of the movement to the bottom is expected […]
The single currency was under pressure again – this time because of the sharp statements of Italian politicians, as well as because of the prospects for sanctions pressure from the United States. On the other side of the scale, Brexit unexpectedly appeared, or rather, a statement by the Prime Minister of Ireland, Leo Varadkar, who […]
BTC did reject from the upper diagonal of the downward channel at $8.750, which influenced sellers. There is potential for down plan and potential test of $8.422. White lines – Downward channel Red line – Support 1 White rectangle – Support 2 BTC did successful test of the resistance and also did successful breakout of […]
GBP/USD did trade lower as we expected. The price tested our second downward target at 1.2615. Selling looks risky at this stage cuuse the major low is very close. Watch for potential rally. White lines – Downward channel Red rectangle – Support White rectangle – Resistance GBP price did test and reject from our key […]
EURUSD is moving below 1.1150 short-term support pushing below the 61.8% Fibonacci retracement. This is a weakness sign that implies there are increased chances of breaking below 1.11 soon. Bears remain in control of the trend. Red line – major resistance trend line EURUSD has pushed towards the 78.6% Fibonacci retracement. The longer price stays […]
Gold price bounced off the 61.8% Fibonacci retracement towards the short-term resistance at $1,290-$1,300 area but bulls remain weak. Price is pulling back lower as Dollar strengthens. Trend remains bearish as long as price is below $1,300. Red rectangle – short-term resistance Blue rectangle – target if short-term resistance is broken Gold price pushed towards […]
Gold price has made an important break of the supportat the price of $1.281 . As long as we trade below $1.287, bears will be expecting a move lower to $1.275-$1.269. Breaking above the $1.287 opens the way for $1.300 and higher. Upward white line – important short-term support (broken) Red line – Support 1 […]
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 […]
Since January 10, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. For Intraday traders, the price zone […]
4-hour timeframe The amplitude of the last 5 days (high-low): 95p – 79p – 86p – 81p – 54p. The average amplitude over the last 5 days: 79p (94p). The volatility of the British pound in recent days fell to 50 points per day. There is no news, as in the case of the euro/dollar […]
4-hour timeframe The amplitude of the last 5 days (high-low): 31p – 81p – 38p – 29p – 39p. The average amplitude over the last 5 days: 44p (45p). The third trading day of the week for the euro/dollar pair is no different from the previous two. No important macroeconomic data, no important reports from […]
Against the background of increasing tension in trade relations between Beijing and Washington, the opinion is growing that “military actions” can spread to the foreign exchange market. It is assumed that as compensation for US tariffs, China will begin to devalue the yuan and fold its portfolio of US government bonds. Markets are now considering […]
The European currency ignored the data on the French economy, where GDP coincided with the forecasts of economists, but closer to the middle of the European session, the pressure on EURUSD returned after the release of a weak report on the German labor market. Quite a lot has already been said that the prospects for […]
The focus of traders’ attention is still the tension in the US-China relationship. Any threats from Donald Trump against Beijing have a strong influence on the market. China is ready to use rare earth elements as weapons in the trade war with America. Metals are used in many industries, including the production of high-tech consumer […]
Yields on 10-year US Treasury bonds fall to 2-year lows, there is a signal of an imminent recession. In the first quarter, the US economy did not grow as fast as we would like (3% against 3.2% in the first reading), the risks of a single rate cut this year increased. It would seem that […]
Overview: The USD/CHF pair continues moving in a bullish trend from the support levels of 1.0123 and 1.0177. Currently, the price is in an upward channel. This is confirmed by the RSI indicator signaling that the pair is still in a bullish trend. As the price is still above the moving average (100), immediate support […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.7046 and 0.7168. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
Gold continues to trade in the range of $1270-1310 per ounce, sensitively reacting to the behavior of the dollar, US Treasury bonds, and US stock indices. Despite the fall in rates on 10-year bonds to its lowest level since September 2017, the US currency shows signs of strengthening. It is again perceived by investors as […]
