Pound continues to slide as cross-party Brexit talks set to end and countdown begins to PM May’s exit Euro also on the backfoot as Italian political worries re-emerge US dollar climbs to 2-week high following strong corporate earnings and solid US data Pound extends losing streak as Brexit risks rise Sterling is on track to […]
Selling interest is continuing in the AUDJPY market, pushing the price towards a new four-month low of 75.37. The price is also holding beneath the red Tenkan-sen and the blue Kijun-sen lines, while the MACD is strengthening its bearish momentum below zero. The RSI is bearish as well, though under its 30 oversold mark. Another signal for more sell-off […]
Trend analysis (Fig. 1). Today, the price can continue to move down with the goal of 1.1148 – the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes […]
To open long positions on GBP/USD you need: While there are still differences within the British parties regarding Brexit, buyers of the pound will remain on the sidelines without taking any active steps. The best scenario for stopping the bearish trend today will be the test of the support level of 1.2769 with confirmation of […]
Trade disputes between the United States and China are beginning to acquire more and more features of open confrontation. On Thursday, a spokesman for the Ministry of Commerce of China said that the United States was abusing defensive control measures, which made the negotiation process more difficult, while the United States was preparing to tax […]
USDCAD has been range-bound for another week within the 1.3520-1.3375 area, while candles keep closing above the lower line of the symmetrical triangle. The sideway move in the RSI and the flattening Ichimoku indicators (Tenkan-sen, Kijun-sen) signal that the pair may extend its neutral performance in the short term. On the upside, the price would have to finish a session comfortably […]
To open long positions on EURUSD you need: The pressure on the euro persists amid weak eurozone reports. It is best to return to buying EUR/USD after consolidating above the resistance of 1.1181, which will lead to an upward correction to the level of 1.1205, where I recommend taking profits. In case the euro further […]
For the third week, the formation of a medium-term accumulation zone continues, where the main levels of support/resistance are monthly extremes. Today, the pair is trading within the a WCZ, which makes it possible to consider both the growth resumption model and the reversal pattern that will allow selling the instrument early next week. During […]
Morning Report: 07.00 London This morning, the British pound remains weak as Brexit fears and a leadership change spook markets. The GBP/USD sunk through support yesterday and this momentum is continuing this morning. The GBP/JPY continues to struggle, while the EUR/GBP continues to climb. The US dollar index remains strong and is poised to challenge […]
USD/JPY On Thursday, the USD/JPY pair consolidated above the red line of the price channel, above the level of 109.48, closing the day with an increase of 23 points. On the four-hour chart, the current price is higher than the indicator lines of balance and MACD, the marlin oscillator in the growth zone. Perhaps the […]
GBP/USD So, after a ten-day hike, the pound reached its target of 1.2772-1.2814, as yesterday it stopped on the price channel line of the daily chart. Now we are faced with the question – will the market move to correctional growth or will it continue to decline towards the next target at 1.2660? The indications […]
EUR/USD Every day the euro is under increasing pressure from fears on the eve of elections to the European Parliament. The greatest imbalance is made by the “Italian protest” to the EU rules, both from the current government and from the opposition. The eurozone’s trade balance for March showed a disappointing result of 17.9 billion […]
Crypto Industry News: One-third of Ethereum is owned by just 376 whales, according to new research. Startup Blockchain Chainalysis has published a study showing that while 376 people control 33% of the circulating supply in 2019, this figure is actually lower than in 2016 and 2017. The study also showed that whales do not have […]
Crypto Industry News: The creation of regulations for cryptocurrencies is not a priority for the Russian government, because cryptocurrencies have lost their popularity, the Russian prime minister recently argued. Prime Minister Dmitry Medvedev’s comments have been reported by the Russian news agency Fontanka. According to Medvedev, cryptocurrencies are no longer so interesting to the population, […]
Technical Market Overview: There is no rest for the bears on the GBP/USD pair as the market keeps doing the lower lows in the downtrend despite the extremely oversold conditions. The price just recently hit the technical support at the level of 1.2788 after a series of down candles were made in order the break […]
Technical Market Overview: The EUR/USD market has moved lower towards the dynamic trendline support located around the level of 1.1178 and is currently testing this zone together with the technical support located at the level of 1.1167. Any violation of this support might lead to another leg down towards the level of 1.1118 – 1.1111 […]
Minor Euro vs US Dollar Previous Review from 05/02/2019 15:38 UTC + 3. ____________________ In the second half of May 2019, the development of the single European currency movement EUR / USD will be determined by the direction of the range breakdown: -> resistance level of 1.1200 (median line of the pitchfork operating scale minor); […]
Description : EURJPY near key resistance, a drop to first support is possible Entry: 123.26 Why it’s good :100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance Stop Loss : 124.25 Why it’s good :100% Fibonacci extension,50% Fibonacci retracement,horizontal swing high resistance Take Profit : 122.10 Why it’s good: 61.8% Fibonacci extension, […]
According to some analysts, Chinese authorities are showing a growing appetite for increasing the country’s gold reserves. Last week, the central bank of China announced its purchase of a record amount of the precious metal. Analysts are certain that this is not the limit, and that China will continue to increase its reserves of the […]
After another failure of an attempt to break through the 1.3500 mark yesterday, the USD/CAD pair dropped sharply against the background of a steady increase in oil prices due to the escalation of the conflict in the Middle East. Today, oil prices continued to grow, which supported the loonie. Interest in the loonie was also […]
Market participants have lost faith in the fact that the British prime minister will be able to cope with the heat of passion. “She has failed, and her authority has been undermined,” according to May’s former co-workers. On Wednesday, the pound fell to its lowest level in three months, and dropped to $1.2790 by Thursday […]
4-hour timeframe The amplitude of the last 5 days (high-low): 69p – 57p – 100p – 69p – 97p. Average amplitude for the last 5 days: 78p (78p). The pound sterling has stepped into its most terrible stage. A stage of systematic but daily decline. Usually, strong falls are often replaced by strong corrections. The […]
4-hour timeframe The amplitude of the last 5 days (high-low): 77p – 41p – 42p – 43p – 47p. Average amplitude for the last 5 days: 50p (47p). In recent days, the EUR/USD currency pair clearly can not determine the direction of its movement. First, traders are happy to buy the dollar, but only intraday, […]
BTC has been trading sideways at the price of $7.895. Our bearish scenario is still valid and we expect more downside. According to the H4 time-frame, we found that bullish momentum continues with decreasing, which is sign that buying looks risky. BTC is in extended run phase and potential pullback is expected. We found the […]
USD/JPY has been trading upside. The price tested the level of 109.94 The breakout of 3-balance is present. Watch for buying opportunities. According to the Daily time-frame, we found that there is the breakout of the 3-day balance, which is sign that buyers too control from sellers. We also found bullish divergence on the Stochastic […]
Gold has been trading downwards in pat 8 hours. The price tested the level of 1.1172. We are still expecting more downside. According to the H4 time-frame, we found that there is the breakout of the upward trendline (support) in the background, which is sign that there is change in trend dynamic from bullish to […]
Japan will be post GDP growth figures for the first quarter on Monday (Sunday, 23:50 GMT). But with trade uncertainty still weighing heavily on export-dependent Japanese businesses, the data is unlikely to bring music to policymakers’ ears as the world’s third largest economy is expected to have contracted during the period. After achieving non-interrupted growth […]
The euro continues to remain under pressure after an unsuccessful morning attempt to get out of the large resistance level of 1.1215. The eurozone balance sheet report put pressure on the pair in the first half of the day, as its decline was recorded. However, economists can breathe a little, as yesterday the administration of […]
To open long positions on GBP/USD, you need: The pound continued to decline in the first half of the day, however, bullish divergences on the MACD indicator continue to form, which may lead to the end of the intraday downward trend at any time. The task of the bulls in the afternoon will be to […]
To open long positions on EURUSD, you need: Another weak data on the eurozone economy led to a decline in the euro in the first half of the day. At the moment, only the formation of a false breakdown in the support area of 1.1183 will be a signal to open long positions in EUR/USD. […]
