GBP/USD is trading sideways to upwards at the price of 1.3024 in past 24 hours. We still expect upside on the GBP and further strength. Purple rectangle – Resistance 1.3024 Red horizontal line – Support 1.2991 Red horizontal line – Support 2 1.2967 We found that bullish divergence on the Stochastic oscillator on the 4H […]
Today, the pound completely ignored the published data on the growth of the British economy and the volume of industrial production. The British currency is still under the pressure of Brexit: after the last failed negotiations between Laborites and Theresa may, this issue again plunged into an atmosphere of uncertainty. In pair with the dollar, […]
The last wave relevant for the calculation of trading plans starts on March 25. The wave in its form is corrective. From April 23, the middle part of the structure (B) is formed in its structure. In the last 3 days, the quotes roll back down, preparing the ground for the final price breakthrough. Forecast: […]
The last short-term wave of the pound starts on March 13th. During this time, the structure formed the first 2 parts (A + B). The decline that began on May 3 gave rise to the final part (C). In the reversal model, rollback up is not enough. Forecast: The general flat mood is expected at […]
It will be a busy day for the markets as traders receive crucial data. They will also continue to follow up on the ongoing trade negotiations between the United States and China. The following will be the most important market events that traders will pay attention to today. Uber IPO Today, Uber will become a […]
Soybeans is one of the most important American exports. The crop, which is mostly used in the manufacture of edible oils is mostly exported to China and the European Union. 60% of all US soybeans are exported to China. As such, its price continued to decline this week after the United States implemented fresh tariffs […]
The week was a challenging one for investors as global stocks ended the momentum seen this year. In the past five days, the Shanghai Composite, S&P 500, Nikkei, FTSE, and DAX have declined by 0.76%, 0.50%, 0.80%, 0.50%, and 0.92% respectively. This article explains the key themes that investors were following through the week. US-China […]
The US 100 index retreated this week, after reaching a new all-time high in late April. However, the bears have so far been unable to push the price below the 50-day simple moving average (SMA), and as long as that remains the case, the broader outlook still seems positive. In case of further declines, a […]
In the structure of the dominant on the euro chart from March 20, the downward wave met almost all the conditions for the final breakthrough of the price down. At the end of the correctional part (B) from March 1, the conditions for the beginning of an active decline are formed. The price is in […]
With market anxiety heightened about the direction of the US-China trade talks, economic data might struggle to distract traders next week given the shortage of top-tier releases. Still, there will be several major indicators that investors should keep an eye on, including Australian employment and wage figures, Chinese industrial output and retail sales readings, revised […]
4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – sideways. The moving average (20; smoothed) – down. CCI: -78.5633 On Friday, May 10, the British pound is trying to resume the downward movement after a small upward correction. During the last few days, the pair […]
4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. The moving average (20; smoothed) – sideways. CCI: 49.1622 The EUR/USD pair tried to get out of the outright flat yesterday, but it failed to gain a foothold above the Murray level of “0/8” – […]
The Bitcoin exchange rate has confidently approached the important resistance level of 6400, the breakdown of which may occur in the near future. Signal to buy Bitcoin (BTC): Today, the buyers of Bitcoin are counting on a breakthrough of the resistance of 6360, which will lead the cryptocurrency to a new maximum of 6520, where […]
Tesla’s stock price has been trading within a downward sloping channel over the last five months. Looking at the short-term momentum indicators, they paint a cautiously negative picture. The RSI seems headed for a test of its 30 zone, while the stochastic is heading south in the daily timeframe. The ‘death cross’ within the 50- […]
Chinese stocks fell in price, and the yuan strengthened, as investors believe that Beijing and Washington will be able to save a bargain, despite rising tariffs in the United States, which sharply aggravated relations. Traders also expect Beijing to announce tighter monetary policies and support measures if the US decision adds pressure to the Chinese […]
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 […]
The unexpected increase in tariffs on Chinese imports has radically changed the near future of the euro. The currency is preparing to grow for the second week in a row amid concerns that any escalation of the trade conflict between the United States and China will force the Fed to lower interest rates. D. Trump […]
Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6648. On the H1 chart, the level of 0.6648 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is below the 23.6% Fibonacci level, the market is still in a […]
Bitcoin managed to sustain the bullish non-volatile momentum along the way which allowed the price to reside above the $6300 area recently. Bitcoin has not dropped below $6k since breaching the psychological barrier in early trading. Bitcoin has pushed on a further 3 percent today. Due to the big move, BTC volume surged up to […]
Wave counting analysis: On May 9, the GBP / USD pair did not lose a single base point, and the wave marking did not suffer any changes. If the assumption about the full completeness of the ascending set of waves is true, then the pair will continue to decline with targets located near the Fibonacci […]
Wave counting analysis: On Thursday, May 9, trading ended for EUR / USD by 20 bp. However, the peak of May 1 was not updated respectively. The current wave marking remains unchanged and continues to suggest the construction of a downward trend. As before, I draw attention to the fact that the markets are now […]
GBPAUD has declined considerably since it reached an almost three-year high of 1.8880 on Monday, sending the price until the 1.8530 support. The RSI is turning slightly lower approaching the 50 level, while the stochastic oscillator seems to be strongly bearish, as it is heading towards the oversold territory. However, the 20- and 40-simple moving averages […]
Trend analysis (Fig. 1). Today, there is an upward movement, with the target of 1.1236 – the resistance line (red bold line), and it is possible to continue the upward movement with the target of 1.1252 – the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – […]
Trend analysis (Fig. 1). On Friday, technical analysis demonstrates a downward movement. The first lower target of 1.2942 is the support line (blue bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis – down; […]
Work outside the zone of the average course of the week involves finding favorable prices for the purchase of an instrument. The upward movement will be corrective, but the probability of closing today’s trading within the range of more than 70%, so buying through the pattern of a “false breakout” will be profitable at a […]
The trade war between the United States and China nevertheless entered the active phase. This morning the tariff rate of 200 billion Chinese imports was raised from 10% to 25%. After several months of negotiations, both sides consistently reported progress. And the step taken by the US government looks unexpected and illogical. Trump put the […]
Markets barely react after US raises tariffs, may be too complacent US inflation data coming up, may weigh on the dollar a little UK GDP and Canadian jobs figures also due Trump hikes tariffs, but complacent markets still see it as posturing As threatened, the US raised its tariffs on $200bn of Chinese goods to […]
As long as the pair is trading above the WCZ 1/2 1.0129-1.0119, the upward movement will remain a priority from the mid-term point of view. The formation of a three-week accumulation zone is now visible, so the long position will aim for the upper limit of the flat, which is located at the high of […]
To open long positions on GBP / USD you need: Yesterday, buyers managed to stop the pound’s downward movement after the divergence on the MACD indicator, which I talked about in more detail in my reviews. At the moment, the task of the bulls is the resistance of 1.3020, the breakthrough of which will form […]
To open long positions on EURUSD you need: In the first half of the day, euro buyers need to protect the support level of 1.1215, which they managed to overcome yesterday. While trading will be conducted above this range, you can count on EUR/USD growth in the area of last week’s high to 1.1260, which […]
