Technical Market Overview: The EUR/USD market keeps trying to break through the technical resistance zone located between the levels of 1.1167 – 1.1174, but no avail so far. There were some attempts to rally but were quickly capped by the bears. The short-term outlook remains bearish and there is no signs or any trend reversal […]
Crypto Industry News: According to TASS, the Central Bank of Russia believes that the bill regulating cryptocurrencies is sufficiently prepared to be adopted in spring 2019. Olga Skorobogatova, the first deputy governor of the Russian central bank, said that the bank expects the adoption of the “On Financial Financial Assets” (DFA) cryptographic act during the […]
Crypto Industry News: The Israeli judge ruled that Bitcoin is capital, not currency, as reported by the local Globes news site. The decision is significant because it means that the profits from the sale of cryptocurrencies will now be subject to capital gains tax. Noam Copel, who founded the Starup Blockchain DAV, bought Bitcoins in […]
USD / JPY pair On Wednesday, the USD/JPY pair lost 13 points after testing the support line, which was recently resistance. Here, the price checked the strength of two technical lines at once with the red lowering price channel and the green rising. The daily scale Marlin oscillator signal line did not react to this […]
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 […]
EUR/USD The publication of the FOMC Fed minutes on Wednesday evening did not affect the general mood of investors. The committee considers the current rates to be balanced; in the long run, even a reduction in the base rate is possible. In the current political situation, we believe that even if the Fed lowers the […]
GBP/USD At the end of yesterday, the British pound lost 41 points in connection with Theresa May’s next failure to reach an agreement with MPs on the terms of the Brexit deal. The April inflation figures were moderately optimistic, but they did not help the national currency. UK retail prices rose from 2.4% y/y to […]
Technical outlook; There has been no significant change in price movement within 24 hours. The EUR/USD pair is stalling ahead of its interim support at 1.1111 levels. This pair needs to come to its selling pressure. Hence, we are more inclined towards a contrarian trading direction in the short term. Until prices remain above 1.1111 […]
When the European market opens, some economic data will be released such as German Ifo Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Manufacturing PMI, French Flash Services PMI, and German Final GDP q/q. The US will also publish the economic data such as Natural […]
In Asia, Japan will release the Flash Manufacturing PMI and the US will publish some economic data such as Natural Gas Storage, New Home Sales, Flash Services PMI, Flash Manufacturing PMI, and Unemployment Claims. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]
Forecast for May 23: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1222, 1.1212, 1.1197, 1.1184, 1.1156, 1.1144 and 1.1112. Here, we continue to follow the development of the downward structure of May 13. Short-term downward movement is expected in the range between […]
Price is approaching our first resistance level. Entry : 0.8858 Why it’s good : 61.8% Fibonacci retracement, channel’s resistance Stop Loss : 0.8956 Why it’s good : horizontal overlap resistance, 78.6% Fibonacci retracement Take Profit : 0.8773 Why it’s good :23.6% Fibonacci retracement, horizontal overlap support The material has been provided by InstaForex Company – […]
Price is approaching its resistance at 1.0597 where it could potentially reverse to its support at 1.0552. Entry : 1.0597 Why it’s good : horizontal swing high resistance, 61.8% Fibonacci extension,38.2% Fibonacci retracement Stop Loss : 1.0648 Why it’s good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement Take Profit : 1.0552 Why it’s good : […]
USDJPY reversed off resistance, a drop to first support is possible Entry: 110.687 Why it’s good : 100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance Stop Loss : 111.079 Why it’s good :61.8% Fibonacci retracement,horizontal overlap resistance Take Profit : 109.485 Why it’s good: 61.8% Fibonacci extension, horizontal swing low support. […]
A comprehensive analysis of the options for the development of the movement from May 23, 2019 currency instruments EUR / USD h4 vs USD / JPY h4 vs EUR / JPY in the Minuette operating scale (H4 time frame) Minuette operational scale (h4) ____________________ Euro vs US Dollar The movement of the single European currency […]
4-hour timeframe The amplitude of the last 5 days (high-low): 97p – 64p – 86p – 42p – 129p. Average amplitude for the last 5 days: 84p (72p). The pound sterling, after a correction to the critical line, based perhaps on the assumption of Theresa May holding a second referendum, very quickly resumed the downward […]
4-hour timeframe The amplitude of the last 5 days (high-low): 47p – 58p – 29p – 24p – 46p. Average amplitude for the last 5 days: 41p (40p). The euro/dollar currency pair started a second round of upward correction on May 22 with a view to the Kijun-Sen line. The MACD indicator did not even […]
EURUSD bulls tried to push prices higher but they were stopped by stronger sellers. Price has produced to upper candlestick tails depicting the inability of bulls to reach 1.12 and the strength of sellers pushing price lower each time rose towards 1.1180-1.1190. Red line – resistance trend line Red rectangle- support area Green rectangle – […]
Gold price remains in a weekly down trend after getting rejected at $1,350 area. Price has potential to go towards $1,210 as explained in previous weekly chart analysis. Gold price current action confirms this view if we break below $1,266. Blue line – long-term resistance trend line Red line – long-term support trend line Gold […]
On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, 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 […]
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 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 April 26, […]
BTC price has rejcted of the key supply trendline at $8.000 and is trading just below $7.925. Symmetrical triangle is in creation and we see potential for re-test of the low at $7.727. Yellow rectangle – horizontal resistance Punc rectangle- key support White lines – Symmetrical tirangle boundiries BTC price did nice test-reject of white […]
Gold price has rejcted of the $1.2669 and is trading just above $1.275. Bullish divergence on the Stochastic may lead Gold to $1.283. Yellow rectangle – horizontal resistance Red line- key support White downward sloping line – resistance trend line (broken) Gold price is breaking aboive the white downward sloping line (resistance), which is positive […]
The British pound continues its fall against the US dollar, and it seems that the current downward trend will not be completed soon, although the correction, not counting yesterday’s upward momentum after the performance of Theresa May, was not for a long time. The pound was not helped by today’s inflation data, which rose substantially […]
To open long positions on GBP/USD, you need: Buyers showed themselves in the support area of 1.2614, which I drew attention to in my morning review, and now their goal is to return to the resistance level of 1.2680, on which a further upward correction will depend, the goal of which will be the highs […]
GBP price has rejcted of the lower Bollinger band at 1.2623 and is trading just above 1.2657. Bullish divergence on the Stochastic may lead GBP to 1.2686-1.2715 zone. Yellow rectangle – horizontal resistance Yellow rectangle 2- horizontal resistance 2 White downward sloping line – resistance trend line (broken) GBP price is breaking aboive the white […]
EURCHF retreated in recent weeks, falling below both its 50- and 200-day simple moving averages (SMAs). The near-term outlook has thus turned to cautiously negative, though the bigger picture still seems neutral – with a decisive break either above 1.1475 or below 1.1160 needed to change that. Short-term momentum oscillators concur, with the RSI already […]
Bitcoin has not managed yet to maintain a rally and surge above $8,000 again forming a major False Breakout. Bitcoin has been extremely bullish since early April when it was trading at just over $4,000. A few negative incidents and a bit of mainstream FUD have done nothing to temper the momentum which has sent […]
As soon as gold spread its wings, they were immediately clipped by rising US stocks and the dollar. The 90-day postponement for Huawei counterparties was regarded by investors as a certain thaw in US-Chinese relations. In addition, officials from the White House continue to assert that the deal will ultimately be concluded and the ambassador […]
The US dollar index is still rising above the 50-day moving average, edging towards the 23-month high of 98.05 achieved on April 25. However, the short-term bias is tilted to the downside as the RSI indicator is turning marginally lower in the positive region, while the stochastic oscillator posted a bearish crossover within the %K and %D lines in the overbought […]
