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 […]
Overview: 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 events, the EUR/USD […]
Investors are still in the dark about what is happening with the foreign currency assets of Turkey. The published report of the Central Bank of Turkey on inflation showed what exactly is happening with the monetary policy of the country and how quickly foreign exchange reserves are reduced. But even after its publication, the situation […]
Yesterday, the euro/dollar bulls attempted to consolidate above the key resistance level of 1.1240, which was the middle line of the Bollinger Bands indicator on the daily chart that would allow them to rise to the 13th figure and above in the future. After the announcement of the results of the May meeting of the […]
Holiday – not a reason to rest. There is always movement in the foreign exchange market, however,most currency pairs are traded in narrow ranges this time. Nevertheless, there are exceptions. The New Zealand dollar could not bear the weak data on the number of jobs, which increased the likelihood of lowering the interest rates. Otherwise, […]
Wave counting analysis: On May 1, the GBP / USD pair gained about 20 basis points, but by the end of the day, just like the euro, it rolled back from the reached maximums. With the pound sterling, the situation is less clear. In addition, wave counting also involves the construction of a downward wave. […]
The EURUSD rate has formed new boundaries of the range. The situation is quite uncertain: during the first few days of the week, the euro rose and canceled its downward movement. At the same time, the euro fell sharply on the Fed’s decision, quickly zeroing out half of its three-day growth. The Fed gave a […]
Wave counting analysis: On Wednesday, May 1, the trading ended for the EUR / USD with a decrease of 25 b.p. Also during the day, the instrument increased by 50 bp, but by the end of the day, it began to fall. The MACD indicator, on the other hand, turned down, which may be a […]
Gold had found strong resistance at the 23.6% Fibonacci retracement level of the downleg from 1346.60 to 1266.29 around 1285 and is falling aggressively below the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The stochastic oscillator is heading towards the oversold territory while the RSI entered the negative zone and is still […]
Crypto Industry News: According to the published advertisement, Amazon Web Services (AWS), a subsidiary of Amazon’s cloud computing giant, has made its Amazon Managed Blockchain (AMB) package generally available. This product allegedly allows customers to establish a Blockchain network in their organizations and uses the open Ethereum and Hyperledger structures. Amazon particularly emphasizes that AMB […]
Crypto Industry News: According to the published advertisement, Amazon Web Services (AWS), a subsidiary of Amazon’s cloud computing giant, has made its Amazon Managed Blockchain (AMB) package generally available. This product allegedly allows customers to establish a Blockchain network in their organizations and uses the open Ethereum and Hyperledger structures. Amazon particularly emphasizes that AMB […]
To open long positions on GBP/USD you need: The upward trend in the pound ended after the press conference of the Fed chairman, during which positive moments in the US economy were noted. At the moment, the pound buyers need to return and consolidate above the resistance of 1.3057, which will return demand and lead […]
Crypto Industry News: CoinMarketCap will remove the exchanges from its calculations if they do not provide mandatory data by June, the company wrote in its blog entry on the occasion of the sixth anniversary. CoinMarketCap, the main source of data on all digital currencies sold, has published a series of announcements on the occasion of […]
US dollar swings sharply after Powell tones down Fed’s dovish statement Hawkish Powell puts dent on equities rally Pound holds near highs ahead of Bank of England meeting as hopes rise May will agree to a customs union Rate cut bets ease after Powell’s press conference The Federal Reserve kept interest rates on hold yesterday […]
To open long positions on EURUSD you need: Yesterday, euro buyers were disappointed with the Fed chairman’s statements, who spoke rather optimistically about the prospects for the US economy, which led to a decrease in EUR/USD. At the moment, buyers are required to return and consolidate above the resistance of 1.1215, which will return hope […]
Technical Market Overview: The EUR/USD pair has made a trend reversal candlestick pattern called Bearish Engulfing after the 61% Fibonacci retracement was hit and tested. The local high was made at the level of 1.1264, but the big reversal candle closed close to the end of the range, so the reversal signal is clear. The […]
Technical Market Overview: The Bearish Engulfing candlestick pattern made at the GBPUSD pair at the level of 1.3101 indicates a potential trend change. Moreover, the market conditions are now overbought and the momentum indicator is pointing down. The key technical resistance zone located between the levels of 1.3121 – 1.3131 has not been tested yet […]
Technical outlook: The EUR/USD pair rose to 1.1260 levels yesterday, slightly higher than expected, before reversing sharply in the New York Session. At this point in time, the currency pair is seen to be trading around 1.1190/95 levels, looking to push lower towards 1.1020 levels as discussed earlier. Another probable wave count suggests that EUR/USD […]
Morning Report: 07.00 London The US dollar index was boosted yesterday as the FOMC quashed any speculation of a rate cut, downplaying inflation fears. There is a rebound of sorts this morning though. Dollar pairs are in recovery mode after selling off yesterday. The AUD/USD dropped back towards support at 0.7000. The EUR/USD was volatile, […]
AUDUSD has been struggling in a tight range over the last three months with upper boundary the 0.7200 psychological level and lower boundary the 0.7000 handle. During the preceding week the price tried to break lower, posting a new four-month low of 0.6987, but it failed once again to end the day below the consolidation […]
USDJPY met heavy resistance from the soft descending line drawn from the 114.54 top last week, ending bullish action at a four-month high of 112.39. The pair is currently fluctuating around its 200-day simple moving average (SMA), with momentum indicators pointing to a neutral-to-bullish short-term trading; the red Tenkan-sen is flat slightly above the blue Kijun-sen, while the RSI […]
Dear colleagues. For the currency pair Euro/Dollar, the continuation of the upward trend in the scale of H1 is expected after the breakdown of 1.1236 and the level of 1.1171 is the key support. For the currency pair Pound/Dollar, we continue to monitor the development of the upward structure from April 25 and the level […]
AUD / USD pair The correctional growth of the “Australian” turned out to be short for only 3 days, and it was reliably kept by the balance line of the daily scale. After yesterday’s Fed decision to keep the current monetary policy unchanged for an indefinitely long time, the Australian dollar lost 35 points. On […]
EUR/USD On Wednesday, ahead of the Fed’s announcement on its decision on the rate, and in the first half hour after it, the dollar weakened due to some concerns over the low inflation. But with the speech of Fed Chairman Jerome Powell, the dollar began to strengthen against all markets, as he mentioned that there […]
GBP/USD Yesterday, the British pound tried to go beyond the resistance of the balance and MACD indicator lines on the daily scale, but was stuck in the resistance and failed to reach the 1.3125 – 50% correction from the movement since March 13 The day closed below the MACD line and under the Fibonacci level […]
USD / CAD pair Yesterday, the Canadian dollar made a U-turn upside from the MACD indicator line with a confirmatory signal of the marlin oscillator, which its signal line transitions into a zone of positive numbers into a trend growth zone. The price also went above the red indicator line of balance, which means a […]
Price broke our resistance line and we might see a further rise above our first support level to our first resistance level. Ichimoku cloud is also showing signs of bullish pressure. Entry : 1.3013 Why it’s good : horizontal overlap support, 38.2% fibonacci retracement Stop Loss : 1.2979 Why it’s good : 50% fibonacci retracement […]
Price is approaching a key resistance at 145.73 where it could potentially reverse to its support. Entry : 145.73 Why it’s good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension Stop Loss : 146.36 Why it’s good : 78.6% Fibonacci retracement Take Profit : 145.01 Why it’s good : 38.2% fibonacci retracement, […]
Price is approaching a key resistance at 111.608 where it could potentially reverse to its support. Entry : 111.608 Why it’s good : horizontal swing high resistance,38.2% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 111.910 Why it’s good :61.8% fibonacci retracement,100% Fibonacci extension, horizontal swing high resistance Take Profit : 111.045 Why it’s good […]
According to analysts of the largest bank Morgan Stanley Wealth Management, the markets underestimate the risks associated with rising oil prices. Investors are careless over this fact, although they should purchase low-cost energy stocks to hedge their portfolios so as not to lose. At the beginning of this week, the situation on the stock markets […]
