EUR / USD pair Trading the EUR/USD pair ended on Thursday, May 23, with an increase of 30 basis points, which somewhat confused the cards at the hands of traders. The wave pattern implied a further fall in the euro but now an alternative scenario is emerging, which implies the completion of the construction of […]
Yesterday’s collapse in crude oil prices, along with the fall of stock indices in Europe and the possibility of further negatively affect investor sentiment amid the protracted trade conflict between China and the United States may further, which ultimately will have an impact or rather already reflected in the real dynamics of the world economy, […]
Overview: Pivot point: 1.1166. The EUR/USD pair continues to move downwards from the level of 1.1192. Last week, the pair dropped from the level of 1.1192 to the bottom around 1.1111. Today, the first resistance level is seen at 1.1192 followed by 1.1216, while daily support 1 is seen at 1.1111. According to the previous […]
Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6571. On the H1 chart, the level of 0.6571 coincides with 38.2% of Fibonacci, which is expected to act as minor resistance today. Since the trend is below the 38.2% Fibonacci level, the market is still in a […]
Bitcoin managed to regain momentum after a certain throwback towards $7,500 area recently. The price is currently residing at the edge of $8,000 and after certain corrections along the way, the price is expected to resume a rise in the coming days. BTC failed to break the resistance at $8,300 after several attempts, so it […]
EUR/USD trend: signal to the top Two events had an impact on the market: Theresa May’s resignation statement, which is expected Friday. It gives hope for a way out of the endless crisis around Brexit. Second: The US stock market showed a strong decline. At the same time, the yield of treasuries plummeted, this changes […]
As trade tensions continue to simmer and there’s no end in sight to the Brexit turmoil, risk sentiment will probably remain the biggest driver for forex markets in the coming week. But there will still be several market-moving events for investors to keep a watch on. PCE inflation numbers from the United States, Canadian Q1 […]
You should never forget about the overbought or oversold of a particular currency, especially when it comes to the dollar. The longer the correction is delayed, the stronger and more unexpected the rebound. That is exactly what happened yesterday. At first, the dollar continued to grow steadily, supported by weak and rather strange preliminary data […]
Wall Street tumbles, yen soars on growth and trade concerns Dollar pulls back on mounting expectations for Fed easing Sterling catches its breath as May prepares to set departure date Risk sentiment takes a hit as soft PMIs revive growth worries Risk aversion dominated markets on Thursday, as alarming PMI data from major economies coupled […]
To open long positions on GBP/USD you need: Only a good report on retail sales in the UK, scheduled for release in the first half of the day, will help the British pound in overcoming the resistance at 1.2670 and continue its upward correction to the highs of 1.2730 and 1.2789, where I recommend taking […]
To open long positions on EURUSD you need: At present, the goal of euro buyers is a large resistance level of 1.1187, a breakthrough of which will allow you to count on the continuation of an upward correction with the update of highs of 1.1206 and 1.1237, where I recommend taking profits. In a downward […]
Today’s movement relative to 1/4 WCZ of 0.6519-0.6515 will allow determining further priority. If the closure of Asian trading occurs above the zone, then the continued growth will be the basis for trading at the end of this week. The determining resistance is the 1/2 WCZ of 0.6555-0.6548. While the pair is trading below this […]
Technical outlook: The EUR/USD pair just made a marginal low yesterday at 1.1107 levels before pulling back almost 100 pips. Those aggressive traders who managed to stay on the long side must exit taking profits now, while those got stopped out must stay flat for now. Please notice the arrows presented here projecting the bullish […]
For years, Donald Trump has been critical of the US relations with the traditional US allies in Europe. He has also been critical of China and the threat it poses. In the 80s and early 90s, the president wrote full-page ads expressing his worries about the increasing trade deficits. When running for president, he continually […]
USDCAD was trading not too far from yesterday’s one-week high of 1.3501 on Friday, having pulled back slightly. But momentum indicators suggest there is still some upside for the pair to advance again. The near-term bias is looking neutral-to-bullish as the RSI is flatlining above the 50-neutral level, while the stochastics are pointing north and […]
Crypto Industry News: The Japanese Financial Services Agency (FSA) is reportedly cracking down on cryptographic exchanges that offer anonymous transactions or have weak identity verification practices in preparation for inspection by the Money Laundering Special Interest Group (FATF) this fall. The FATF will allegedly carry out an investigation to check the strength of the Japanese […]
Crypto Industry News: Fraudsters have added fake cryptocurrency wallets to the Google Play store, trying to make money from the rising prices of Bitcoins, say researchers from ESET, which provides antivirus solutions. One malicious application mimicked the Trezor hardware portfolio. The investigation showed that the software has links to another fake application that has the […]
Technical Market Overview: On the GBP/USD market the downtrend is continued and the bears have pushed the price below the level os 1.2614. The bounce was very shallow and the price did not break the technical resistance at the level of 1.2683. It means the bulls are still too weak to start any meaningful upward […]
AUD/USD On Thursday, the Australian dollar rose by 17 points after the US dollar weakened, but finding the resistance of the MACD line on the four-hour chart turned down this morning. On H4, a convergence with the Marlin oscillator was formed, but the structure of the signal line itself is enclosed in a wedge,and the […]
Morning Report: 07.00 London This morning, the US dollar index is showing positive intent after yesterday’s reversal. This came about as the FOMC offered a more market neutral update which pointed to rate hikes being a distant possibility. Dollar pairs are pausing after yesterday’s onslaught which saw the dollar pairs post impressive gains despite testing […]
Morning Report: 07.00 London This morning, the British pound is extending its record losing run against the euro as May’s Premiership teeters on the brink. The EUR/GBP reversed early losses yesterday, with follow-on buying today as the pair holds above 0.8800. The GBP/JPY is firmly below 140, while the GBP/USD continues to slide, sitting below […]
Technical Market Overview: The EUR/USD market bounced significantly after the bulls were defending the technical support located between the levels of 1.1111 – 1.1118. The up candle has broken through the technical resistance located between the levels of 1.1167 – 1.1174 and currently the market is consolidating the recent gains. The stochastic oscillator is finally […]
GBP/JPY continues to move closer to the 61.8% corrective target at 137.53 which is expected to make a low for the wave 2 and set the stage for the next impulsive rally in the wave 3 to above the peak of March 14 at 148.87. At this point, a direct breakout above minor resistance at […]
EUR/JPY has failed to hold above minor support at 122.65 which is disappointing and opens the way for the continued downward movement to the 70.7% corrective target at 121.37 before the wave ii is completed. That said, we also have to be aware that all requirements to the decline from 127.50 has been fulfilled, so […]
GBP/USD On Thursday, the British pound pushed the support of the first target level of 1.2660, but could not gain a foothold below it due to the sharp weakening of the US dollar throughout the market. The intention of the United States to impose sanctions against the Chinese company Hikvision fuelled market participants. A convergence […]
EUR/USD On Thursday morning, the euro was under pressure due to weak eurozone PMIs in May; business activity in the services sector decreased from 52.8 to 52.5, there was a drop in the manufacturing sector from 47.9 to 47.7. The euro lost almost 50 points, as was the information about the US intention to impose […]
The euro continued to decline in the morning after the publication of the minutes of the ECB meeting held on April 9-10. In them, the leadership of the central bank expressed concern about weak inflation and a sharp slowdown in the manufacturing sector, which we will discuss below. ECB leaders also warned that the eurozone […]
The bearish sentiment on the euro-dollar pair today unexpectedly gave way to the bulls after an unsuccessful attempt to storm the 10th figure. Apparently, buyers have not lost hope for a radical change in the situation. The market actually ignored the minutes of the last Fed meeting. Traders did not see anything new there, and […]
4-hour timeframe The amplitude of the last 5 days (high-low): 64p – 86p – 42p – 129p – 95p. Average amplitude for the last 5 days: 83p (84p). If the European currency received a new portion of the negative in the form of weak macroeconomic reports from the European Union, the British pound was deprived […]
4-hour timeframe The amplitude of the last 5 days (high-low): 58p – 29p – 24p – 46p – 31p. Average amplitude for the last 5 days: 38p (41p). On the penultimate trading day of the week, the euro/dollar pair resumed to decline and has already completed the first support level of 1.1120 and came close, […]
