Wave counting analysis: On April 25, the GBP / USD pair fell by only a few base points and, thus, remained within the framework as part of the construction of the downward trend section and its estimated wave 3. The exit from the triangle clearly marked the trend of the instrument for the coming weeks. […]
Wave counting analysis: On Thursday, April 25, trading ended for EUR / USD by another 20 bp decline. Thus, the conclusion about the continuation of the construction of a downward wave 3, in 3 with targets located near the levels of 161.8% and 200.0% of Fibonacci. If the current wave counting is correct, then the […]
EURUSD has reached the lower boundary of the long-term wedge pattern at 1.1115 and price is bouncing. Trend remains bearish. Price remains inside the longer-term downward sloping wedge pattern. A short-term bounce towards 1.12 is possible for today. Black line – major resistance trend line Red line – support trend line Blue line – short-term […]
Gold price is bouncing towards $1,280-$1,300 area as expected and as we noted in our previous analysis. The bullish divergence signs are playing out but bulls need to be very cautious and not get overconfident. Trend remains bearish as long as price is below $1,300. Blue lines – bullish divergence Red line – major resistance […]
Dear colleagues. For the currency pair Euro/Dollar, the continuation of the downward movement is expected after the breakdown of 1.1100 and the level of 1.1175 is the key support. For the currency pair Pound/Dollar, the development of the downward structure of April 23 is expected after the passage of the range of 1.2891 – 1.2870. […]
Morning Report: 07.00 London The Japanese yen is giving back ground won over the last few days this morning. The USD/ JPY is back on the rise after reversing below 112.00 yesterday. Other yen pairs are on the rise, with the AUD/JPY reversing half of yesterday’s losses. The EUR/JPY struggled against heavy selling yesterday and […]
EUR/USD Yesterday, the US showed positive data on durable-goods orders in March, the index increased by 2.7% against expectations of 0.7% and a -1.1% drop in February (revised from -1.6%). The stock market reacted poorly to the data, as it felt mixed feelings from the disappointing reports of companies, but the yield of government bonds […]
GBP/USD The British pound fell by 5 points on Thursday. The retail sales data for April helped it withstand pressure from the dollar, according to the CBI, the balance of which increased from -18 to 13 while waiting for 0. On the daily chart, the price continues to decline as the marlin oscillator signal line […]
Crypto Industry News: The US Securities and Exchange Commission (SEC) and the Term Contract Commission (CFTC) have jointly issued a warning to investors about fake websites allegedly engaged in consulting and trading. The warning states that employees of both agencies have recently observed false investment projects related to cryptography, in which scammers advertise “cryptocurrency consulting […]
Technical Market Overview: The EUR/USD market is now consolidating in a narrow range between the levels of 1.1118 – 1.1145 after the downtrend has passed a for a while due to the oversold market conditions. The momentum remains weak anyway and there is no sign of any trend reversal yet. The first important technical resistance […]
Technical Market Overview: The GBP/USD pair has made another lower low at the level of 1.2866 on its way down. This move lower has ended up with a Hammer candlestick pattern, so we have the first indication, that the move down might be reversing from the current levels. The extremely oversold market conditions support the […]
AUD/USD The Australian dollar successfully reached the first target level of 0.7002, after which on the four-hour chart the signal line of the marlin oscillator sharply went up for its own discharge. This pattern – the rapid growth of the indicator with a weak price movement warns of the imminent resumption of the previous movement […]
When the European market opens, some economic data will be released such as Italian 10-y Bond Auction. The US will also publish the economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Advance GDP Price Index q/q, and Advance GDP q/q, so amid the reports, the EUR/USD pair will move with low […]
In Asia, Japan will release the Housing Starts y/y, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPIy/y and the US will also publish some economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Advance GDP Price Index q/q, and Advance GDP q/q. So there is a probability […]
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 : 1282.78 Why it’s good : horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1288.97 Why it’s good : horizontal pullback […]
Price bounced off its support 82.67 where we expect it to rise further to its resistance at 83.49. Stochastic has bounced off near its support as well. A bullish divergence with price has been identified, which adds to our bullish bias. Entry : 82.18 Why it’s good : horizontal overlap support, l61.8% fibonacci retracement, 61.8% […]
Price is approaching our first resistance where we are expecting a drop below this level. Entry : 15.09 Why it’s good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension Stop Loss : 15.20 Why it’s good : 76.4% fibonacci retracement Take Profit : 14.78 Why it’s good : horizontal overlap support, 61.8% […]
Minute ( h4 ) Euro vs US Dollar Index Previous Review from 04/19/2019 19:58 UTC + 3. ____________________ movement of the single European currency by EUR / USD c April 26, 2019 is due to perfecting the boundaries channel of the the Median Line 1/2 ( 1.1135 <-> 1.1160 <-> 1.1180 ) Fork Operational scale […]
Minute (h4) Great Britain pound vs US dollar Previous Review from 04/19/2019 19:44 UTC + 3. ____________________ Since April 26, 2019, the development of Her Majesty’s currency movement , i.e. GBP / USD currency pair, will continue within the equilibrium zone ( 1.2920 <-> 1.2835 <-> 1.2745 ) of the forked operating scale Minute. The […]
UBS Global Wealth Management experts believe that whoever replaces Mario Draghi as the ECB president will cause a rise in the euro. Moreover, if some candidates are appointed to this position, a rally of the single European currency may follow. “Any replacement of the current chairman of the ECB, whose eight-year term of office expires […]
The US dollar confidently passes multi-months highs. Thus, it challenges analysts who predicted the US currency’s fall this year due to a change in the Fed’s rhetoric on interest rates. The euro suffers from the absence of signs of a recovery in the eurozone economy, while it was predicted that it would take off. Bets […]
The correction of world stock indices allowed gold bulls to take a breather. In April, the precious metal went into deaf defense against the background of new S&P 500 records and the rise of the USD index to the area of 23-month highs. Stocks of the largest specialized stock exchange SPDR Gold Shares fell to […]
4-hour timeframe The amplitude of the last 5 days (high-low): 74p – 29p – 23p – 91p – 76p. Average amplitude for the last 5 days: 59p (51p). On Thursday, April 25, the British pound sterling completed the support level of S2 – 1.2888, but is unlikely to stop there. Most likely, the British currency […]
4-hour timeframe The amplitude of the last 5 days (high-low): 78p – 19p – 27p – 69p – 84p. Average amplitude for the last 5 days: 55p (48p). As we expected in the morning review, macroeconomic events have little effect on the currency pair. For example, today, the US dollar continued to rise in price […]
The US currency shows growth throughout the market for the second day in a row. With rare exceptions (for example, USD/JPY), the greenback dominates in all dollar pairs, and for the first time since May 2017, the dollar index tested the area with 98 points. The euro-dollar pair also set a kind of price record, […]
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. 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 on March 11. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]
BTC price has been trading upwards in past few hours and the level of $5.462 got tested. There is potential for more upside on the near term. Red line – major resistance trend line * broken Green rectangle – strong support based on price action Blue horizontal line – Major short-term resistance BTC price broke […]
The US dollar once again rose against the European currency and the British pound after the report on the demand for durable goods in the United States. Just excellent performance over the past seven months, which exceeded all expectations of economists, only increased the demand for the US dollar. The report indicates that the growth […]
To open long positions on EURUSD, you need: Euro buyers are expected to return to the market after updating the support level of 1.122, which I paid attention to in my morning forecast. At the moment, the main task of the bulls will be to break and consolidate above the resistance of 1.1150, which was […]
