A rich economic calendar across the States, the final round of US-Chinese trade negotiations, and concerns about a repetition of the January flash crash riveted investors ‘attention on the Japanese yen. From the minimum in 2019 levels, the USD / JPY quotes soared almost 7% amid growing global risk appetite and falling Forex volatility to […]
4 hour timeframe Technical details: Senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -38.4089 On Monday, April 29, the EUR / USD currency pair began to be adjusted, as evidenced by the purple bars of the Heiken Ashi indicator. In principle, […]
Overview: The GBP/USD pair continues to move upwards from the level of 1.3087. Last week, the pair rose from the level of 1.3087 to a top around 1.3201 but it rebounded to set around the spot of 1.3140. Today, the first resistance level is seen at 1.3206 followed by 1.3268 , while daily support 1 […]
According to Reuters, the tightening of US sanctions against the oil sector in Iran and Venezuela is one of the key factors holding back global oil supplies and increasing its value. Recall that in November 2018, after leaving the international nuclear deal with Iran, Washington imposed restrictions affecting the oil industry of the Islamic Republic. […]
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 […]
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 […]
Wave counting analysis: On April 26, the GBP / USD pair gained about 15 basic points, which is too little to clarify the current wave pattern. The pair left the tapering triangle, indicating the intention to continue falling. It should be noted that wave counting is not completely unambiguous. Wave 3 can take a very […]
Forex indicators are data points that indicate the direction in which a currency will move. Forex indicators are used extensively by investors to optimize their trading strategies. These indicators are used across timeframes and currency pairs. The right mix of a variety of indicators may help one formulate an effective trading strategy that succeeds in […]
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 […]
Wave counting analysis: On Friday, April 26, bidding ended for the pair EUR / USD by 12 bp increase. Such a small increase in the euro currency does not in any way affect the current wave counting. Thus, I still assume the construction of a downward wave 3 with targets located near the levels of […]
By the end of the last trading week the euro / dollar currency pair showed a high volatility of 61 points, resulting in a corrective move on the market. From the point of view of technical analysis, we see that the rapid decline, which lasted already throughout the week, reached the mark of 1.1112, where […]
Trend analysis (Fig. 1). In the coming weeks, the price will move up with the first goal of 1.2985 – a pullback level of 23.6% (blue dashed line). Fig. 2 (weekly schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend […]
On Friday, the US dollar made another attempt to grow after the release of the report, which indicated that the US economy in the first quarter of 2019 grew at a high rate due to an increase in exports and investment in inventories. This allowed to resolve the problem associated with the slowdown in demand […]
Forecast for April 29: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1200, 1.1175, 1.1153, 1.1113, 1.1100, 1.1069 and 1.1043. Here, we are following the local downward structure of April 22. Continuation of the movement to the bottom is expected after the price […]
US GDP growth in Q1 2019 turned out to be noticeably higher than forecast and was previously 3.2% on an annual basis, but its structure turned out to be atypical for the United States and points to a number of quite significant changes. In particular, 1% growth was due to the dynamics of net exports, […]
This week, the price will move up with the first goal of 1.1189 – a rolling level of 23.6% (yellow dotted line). Fig. 2 (weekly schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – up; – candlestick analysis – down; – trend analysis – up; – Bollinger lines […]
After the recent sharp decline in the exchange rate of Bitcoin in the region of 5 000 and also a rapid return, the trade has been established within the usual range, which maintains its upward potential. Let me remind you that the sharp fall in Bitcoin was directly related to the claim of the Prosecutor […]
To open long positions on GBP/USD you need: Buyers returned to the resistance level of 1.2915, and their main task for the first half of the day will be to keep this range. The formation of a false breakdown there will be a new signal for opening long positions based on a breakthrough and consolidation […]
To open long positions on EURUSD you need: After an unsuccessful attempt on Friday to continue strengthening the US dollar, amid a good report on US GDP, euro buyers returned to the level of 1.1144, and as long as trade is conducted above this range, demand will remain. Forming a false breakdown in this range […]
By the end of the last trading week, the currency pair pound / dollar showed a low volatility of 67 points, but even with such a low amplitude, the direction of the quote was built in a correction. From the point of view of technical analysis, we see that the quotation has found a foothold […]
4 hour timeframe Technical details: Senior linear regression channel: direction – up. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: 7.6983 The weakest upward correction continues on the GBP / USD pair. The UK continues to fever. It was only recently reported that in the case of “tough” […]
The EURUSD rate is in a downtrend course – cancelling the signal – growth is above 1.1220 The new week is filled with important data for the US – the Fed’s decision on rates on Wednesday and employment reports on Friday. We expect a strong movement. We keep selling from 1.1220 Selling from 1.1180 is […]
Trend analysis (Fig. 1). On Monday, technical analysis gives a continuation of the upward movement. The first upper target of 1.2988 is the pullback level of 24.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; […]
Trend analysis (Fig. 1). On Monday, the downward movement will continue, but only after the price tests the resistance line 1.1175 (blue bold line) once again. The first lower target 1.1098 is the target level of 161.8% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – […]
The markets’ attention in the new week will focus on the outcome of the Fed’s meeting on monetary policy. Investors will be interested in the regulator’s view on the state of the US economy, as well as the prospects for a possible reduction in interest rates. Earlier, the opinion was that the Fed would have […]
Technical Market Overview: The GBP/USD pair has bounced finally from the level of 1.2866 and is currently moving towards the level of 1.2938, which is a part of the supply zone located between the levels of 1.2938 – 1.2960. Any breakout through this zone would extend the rally towards the level of 1.2977, 1.2996 or […]
The current priority is to decrease, since the pair is trading below the WCZ 1/4 1.3470-1.3465. The first target of the corrective downward movement will be the WCZ 1/2 1.3418-1.3407. Reaching this zone will make it possible for you to partially close a short position and consider purchasing when forming the “false breakdown” pattern. Since […]
Technical Market Overview: The EUR/USD pair has bounced from the level of 1.1118 after a second low was made at the level of 1.1112. There is a Pin Bar candlestick formation formed at those level as well, so the move up might have some momentum behind it. Nevertheless, so far the bounce is shallow and […]
Crypto Industry News: A bill that would completely ban cryptocurrencies, reportedly circulating to various departments of the Indian government, media reports say. An official familiar with this issue reportedly told the financial newspaper that the government has begun interministerial consultations on the draft law “Prohibition of cryptocurrencies and regulation of official digital currency bills 2019”. […]
Crypto Industry News: Illegal mining of cryptocurrencies – or else crypto jacking – against consumers has essentially disappeared, declares MalwareBytes, a cybersecurity company, in a report they have issued. According to the report, after the closure of the CoinHive mining browser service in early March – when the team claimed that the project has become […]
