The half-empty economic calendar of Monday forces EUR/USD traders to shift the focus of their attention to external fundamental factors that somehow affect the dynamics of the currency market. News feeds are full of headlines about the prospects of Brexit, Huawei’s intentions to sue the US government, as well as the “dovish” intentions of representatives […]
4-hour timeframe The amplitude of the last 5 days (high-low): 41p – 58p – 42p – 61p – 56p. Average amplitude for the last 5 days: 52p (48p). On Monday, March 4th, the EUR/USD currency pair shows a rather strong downward movement. It seems that traders were filled with rather modest purchases of the European […]
The dollar has been losing its position for two weeks in a row and this is largely due to the ill-fated Brexit. Theresa May announced the postponement of the date of the next vote on an agreement with the European Union, for it is clear to everyone that the House of Commons will once again […]
The Reserve Bank of Australia is scheduled to set monetary policy on Tuesday at 0030 GMT but economic uncertainty at home and in the global economy more generally are currently giving little flexibility to policymakers to adjust interest rates, potentially leading to another uneventful meeting. The next day, Australian GDP growth figures for the final quarter of 2018 will likely endorse the […]
Bearish breakout of the 4-day balance support at $3.718. We find the bearish breakout of the 4-day balance, which is a sign that sellers are in control and that we may expect further decline on the BTC. Support levels are seen at $3.528 and $3.386. Key short-term resistance level is seen at $3.862. Trading recommendation: […]
EUR/USD has been trading downwards but the intraday bullish divergence is in creation. Careful with selling positions. The level of 1.1327 provided intraday support. According to the M15 time – frame, we found that bullish divergence on the stochastic oscillator in creation, which is sign that selling at this stage looks risky.Intraday resistance levels are […]
On December 12, the previously-dominating bearish momentum came to an end when the GBP/USD pair visited the price levels of 1.2500 where the backside of the broken daily uptrend was located. Since then, the current bullish swing has been taking place until January 28 when the GBP/USD pair was almost approaching the supply level of […]
After a series of corrections and indecision below $4,000 with a daily close, Bitcoin is currently trading below $3,800. Like most of the cryptocurrencies, Bitcoin has been struggling to sustain the bullish momentum being surrounded by pessimism along the way. The price is currently showing certain bearish rejection off the $3,700 area from where it […]
On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. Bullish fixation above 1.1430 was needed to enhance further bullish movement towards 1.1520. However, the market has been demonstrating obvious bearish rejection around 1.1430 few times so far. […]
The US 500 stock index jumped above the 2812 strong barrier, which had been holding since December 3, pointing for more bullish pressures in the near term. Prices hit an almost five-month high of 2819 earlier today, however, the technical indicators seem to be overbought. The MACD is trying to recover somewhat below trigger line, […]
Gold continues trading downwards as we expected. There is strong downward momentum. Our first downward target at the price of $1,302.00 has been reached. The bearish momentum is caused by the fake breakout of the resistance level at $1,325.00 and the breakout of the 4-day balance support at $1,320.00. Gold is heading to test our […]
This has been issued the best week so far. For the last month, the pound, leading the G10 race, was forced to slow down due to weak statistics on business activity in the manufacturing sector. In February, British companies actively reduced their employees and increased stocks, fearing Brexit’s indiscriminate behavior. As a result of which, […]
On Friday, the Canadian dollar lost all positions. In just a few hours, it weakened by almost 200 points against the US currency. The Canadian was barely able to gain a foothold in the middle of the 31st figure. Disappointing statistics pushed the currency out of the multi-day range, after which the pair usd / […]
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and 0.7168. This support has been rejected four times confirming the uptrend. Hence, the major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, […]
Dear colleagues, For the Euro / Dollar pair, we mainly expect a downward movement, which should occur after the breakdown of 1.1360. For the pair Pound / Dollar, the price is in deep correction and forms the potential from the bottom of February 27. The pair Dollar / Franc price forms the initial conditions for […]
The UK services PMI for February will be watched on Tuesday at 09:30 GMT amid increasing evidence that the Brexit uncertainty is putting the brakes on growth. However, with recent developments at Westminster significantly reducing the odds of a no-deal Brexit scenario, the pound is revelling near 7½-month highs and could take any negative reading […]
Shortly after having hosted seminars in as many as five different cities in Mexico within a short time span this year, XM continues its way to further Mexican locations in May and June to reach through to all those to whom education is key to becoming more successful at online investing. Between 18 May and […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. Today, the first support level is currently seen at 1.3228, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3228, which coincides with the 61.8% Fibonacci retracement level. […]
4h On the 4-hour chart, the EUR / USD pair performed a new return to the correctional level of 23.6% – 1.1358. On March 4, the end of quotes from this level will allow to count on a turn in favor of the EU currency and the resumption of growth in the direction of the […]
Most of the macroeconomic indicators published on Friday in the eurozone coincided with forecasts, which did not give the euro an opportunity to go beyond the borders of the emerging range. The volume of retail sales in Germany in January at + 3.3% came as a surprise after a flop of -4.3% in December, taking […]
The euro rose after weak reports on the US economy, but buyers of risky assets did not receive support from major players, which led to profit taking and a decrease in the trading instrument in the afternoon. A weak report on the spending of Americans indicates their more attentive attitude and some concern about the […]
Wave counting analysis: On Friday, March 1, bidding ended for EUR / USD with a couple of bp decrease. Thus, the wave pattern does not require any additions or corrections. And, accordingly, it remains unchanged – wave 4 can be completed, and if this is the case, the decline in quotations will continue from the […]
On the situation with Brexit: Key events postponed to March 12-13. On March 12, British Prime Minister Theresa May will vote on an agreement with the EU. If the agreement fails, the issue of Britain’s withdrawal from the EU without an agreement will be put to a vote on March 13, and what everyone is […]
Wave counting analysis: On March 1, the pair lost about 55 bp. and thus, confirms the readiness to build a downward wave. If the current wave counting is correct, then the ascending set of waves is fully completed and the pair is also ready to build a downtrend trend. According to Fibonacci, the unsuccessful attempt […]
Technical details: Senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 1.6928 The GBP / USD currency pair has been adjusted to the moving average. However, it is difficult to overcome it yet. On Friday, it is not logical to strengthen the […]
CADJPY was capped by the red Tenkan-sen line today after the strong pullback from the two-and-a-half month high of 85.25 on Friday. Also, the pair dropped back below the 61.8% Fibonacci retracement level of the downleg from 89.25 to 76.60, around 84.40. The RSI and the MACD are moving sideways in the positive zone, suggesting […]
4 hour time frame Technical details: Senior linear regression channel: direction – down. Junior linear regression channel: direction – sideways. Moving average (20; smoothed) – sideways. CCI: -72.7924 On Monday (March 4), the currency pair EUR / USD turned out to be near the moving average line once again. On Friday, there were attempts to […]
4h On the 4-hour chart, the GBP / USD pair reversed in favor of the US dollar near the Fibo level of 100.0% – 1.3300 and began the process of falling in the direction of the correction level 76.4% – 1.3094. Releasing the pair on March 4 from the Fibo level of 76.4% will allow […]
By the end of the last trading week, the currency pair Pound / Dollar showed a high volatility of 114 points. As a result, it continued to form a corrective movement. From the point of view of technical analysis, we have a coincidence of the forecast. The correctional movement continued, where the quotation with surgical […]
EUR/USD On Friday, the euro had once again completed the technical level of 1.1407 and, as with the previous three days, rolled back to the support of the Krusenstern line of the daily scale. Technical indicators have changed only on the four-hour chart – the signal line of the Marlin oscillator is more firmly consolidated […]
