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 […]
Technical outlook: The EUR/USD pair rallied through 1.1175 levels on Friday, inviting traders to open short positions discussed earlier. Still probability remains for yet another push towards 1.1190, which is the upper boundary of resistance zone as well backside of the trend line and fibonacci 0.382 resistance of the entire drop between 1.1324 and 1.1111 […]
Morning Report: 07.00 London The US dollar has started the week on the back foot, potentially making it three straight days of backwards steps for the Greenback. Friday’s US non-farm payrolls could cement this trend. Dollar pairs are consequently on the front foot, enjoying back to back gains. The AUD/USD is higher for the third […]
The movement last week was determined by the test of a monthly short circuit, which coincided with a weekly average course. The test of these zones gave the necessary demand for breaking the downward momentum. The goal of growth was the weekly short-cut 0.6731-0.6717. The achievement of which will allow fixing a part of purchases, […]
The upcoming week is full of important events. The results of the 5-day trading week will either strengthen the dollar’s dominance throughout the market, or return the greenback to its previous positions. If we talk directly about the EUR/USD pair, then here we are talking about the fate of the 10th figure. By and large, […]
EUR/USD The main event on Friday was the publication of data on US GDP for the 1st quarter in the 2nd estimate. The indicator was raised from 2.2% to 3.2% while the indicator remained unchanged. In addition, there was an increase in consumer confidence from the University of Michigan in April – 97.2 points against […]
GBP/USD On Friday, under the general pressure of the US dollar, the pound sterling grew by 17 points. Today, in the Asian session, the pound is also slightly increasing, but so far the price is still developing under the red indicator balance line on the four-hour chart and the signal line of the marlin oscillator […]
USD/JPY In the past two days, the yen showed a trading range of 100 points, following a sharp fall on Thursday, there was an impulsive price increase of 60 points at higher volumes on Friday. However, the Bank of Japan itself became the cause of the increased volatility on Thursday, which in itself corrects the […]
Today, the primary requirements for the instrument have changed, which indicates the need to change the range of control zones. The closest resistance is the WCZ 1/2 1.1199-1.1191, which makes it possible to take a portion of the profit on the long position opened on Friday after an update of the weekly low. In case […]
Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well. Entry : 0.6717 Why it’s good : horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 0.6775 Why it’s good : horizontal swing […]
Price broke out of its ascending support-turned-resistance line where we expect to see a further drop to its support at 1.6618 before bouncing back up to its resistance at 1.6783. Entry : 1.6618 Why it’s good : horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension Stop Loss : 1.6533 Why it’s good : 61.8% […]
Price is facing bearish pressure from our first resistance where we are expecting a drop below this level. Entry : 1.2973 Why it’s good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending resistance line Stop Loss : 1.3038 Why it’s good : 50% fibonacci retracement, horizontal pullback resistance Take Profit : 1.2774 Why […]
Last week, the Australian dollar slammed the onslaught of sellers: despite extremely weak and disappointing data on the country’s inflation growth, the AUD/USD pair did not allow the bears to consolidate below the key support level of 0.7000. Even the rumors about a possible reduction in the interest rate of the RBA could not provide […]
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. On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel’s lower limit) where significant bullish recovery was demonstrated. On March 18, a significant bullish attempt was […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. On March 11, a weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]
BTC did sold off from the key resistance line (upper diagonal of the channel). BTC did test the level of $4.920 and there is potential for more downside and potential test of $4.650. Red lines -upward overbought channel White horizontal line – key support trendline BTC sold off strongly and it stopped at the lower […]
Gold has been reacting from bullish divergence on loosing momentum on the downside. The momentum is strong on the upside and we are advising you to watch only for buying opportunities. Green rectangle – Short-term resistance, which became key support Orange rectangle – Resistance based on price action Red rectangle – Resistance 2 based on […]
USDJPY has created fake breakout of the resistance 112.13 ins the background plus a bearish divergence, which are signs that buyers lost momentum and sellers started to distribute positions. We expect further downside. Upward redline – major support trendline (broken) White line – bearish divergence Green rectangle – decision level support (broken) USD/JPY is trading […]
4-hour timeframe The amplitude of the last 5 days (high-low): 29p – 23p – 91p – 76p – 51p. Average amplitude for the last 5 days: 54p (59p). On Friday, April 26, the British pound also began to adjust, yet at the same time, the volatility of the instrument dropped significantly. Thus, we can expect […]
Now the dollar will not hold anything! In the first quarter, US economic growth accelerated. The GDP grew by 3.2 percent year on year, as reported by the Ministry of Commerce. Growth was spurred by increased public investment, which offset a sharp slowdown in consumer and commercial spending. The report should allay concerns about the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 19p – 27p – 69p – 84p – 45p. Average amplitude over the last 5 days: 45p (55p). As we expected in the morning review, the EUR/USD currency pair began to adjust at trading on Friday, April 26. So far, the correction is very weak, […]
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 […]
To open long positions on the GBP / USD pair, you need: Pound buyers cannot find a good level of support from which an upward correction could be built. At the moment, the task of the bulls is to breakdown and consolidate above the resistance of 1.2900, which will lead to an increase in the […]
To open long positions on EUR / USD pair, you need: The euro buyers returned to the market as expected after the support level of 1.1122 was updated, which I paid attention to in my morning forecast. At the moment, the main task of the bulls will be a breakthrough and consolidation above the resistance […]
In recent days, a strong US dollar has set the tone for the foreign exchange market. The USD index reached its maximum this week for the first time in 23 months. According to experts, the growth of the US currency against its main competitors in the G10 was made possible, thanks to a significant change […]
According to Bloomberg, world trade is declining at a rapid pace over the past 11 years since the 2008 financial crisis. The slowdown of the global economy is getting more and more evident, experts say. Between December 2018 and February 2019, the decline in world trade was almost 2%. The last time such a sharp […]
The future of the single European currency remains extremely uncertain. Slowing economic growth in the eurozone against the background of general uncertainty, which has not disappeared anywhere from the markets but only increases more and more. It may cause the ECB to resume asset buying under the name of quantitative easing (QE). On Thursday, ECB […]
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 […]
The big picture: There is a downtrend signal for the EUR/USD pair. Orders for durable goods in the USA came out unexpectedly strong at +2.7%. This caused a new drop in the euro against the dollar. Technically, the euro is ready for a big fall after a six-month treading in the range of 1.1200-1.1500 up […]
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 […]
