articles

Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD 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 1.1420 was needed to enhance […]

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 17 when a bearish Engulfing candlestick was demonstrated around 1.2999 (around the […]

Cocoa is an important crop consumed by billions of people every day. The crop is mostly grown in West African countries of Ivory Coast and Ghana. The final product is found in chocolate bars and other beverage making products. As the world population and economic wellbeing has improved, the demand for the commodity has continued […]

This week, the following were the biggest stories that moved the market. Federal Reserve On Wednesday, the Federal Reserve concluded its two-day monetary policy meeting. As expected, the bank did not change interest rates during the meeting. What moved the markets was the bank’s decision to hit pause on future interest rates. This year, the […]

This week marked the end of January, a month that was fairly exciting for investors. In the United States, stocks managed to gain after the challenging final months of last year. The Dow, Nasdaq, and S&P gained by 7%, 10%, and 8% respectively. It was also an exciting month for crude oil and gold traders. […]

Brent crude oil futures have been moving sideways within the Bollinger bands over the last three weeks, failing to create a significant movement. The RSI indicator suggests that the market might improve in the coming sessions as it is pointing upwards, however, the MACD oscillator is flattening near the zero line, confirming the recent trend in the 4-hour chart. […]

USDZAR has continued to print lower highs and lower lows on the daily chart, keeping the medium-term picture decisively negative. Enhancing this view, price action is taking place firmly below both the 50- and 200-day simple moving averages (SMAs). Notice that the two seem set to meet soon, and if the 50-day falls below the […]

Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is […]

Overview: The GBP/USD pair will continue rising from the level of 1.3048 today. So, the support is found at the level of 1.3048, which represents the pivot point in the H1 time frame. Since the trend is above the pivoti level, the market is still in an uptrend. Therefore, the GBP/USD pair is continuing with […]

EURNZD has declined considerably over the last couple of days, posting a new seven-week low of 1.6526 on Thursday. The price slipped below the 38.2% Fibonacci retracement level of the upleg from 1.4535 to 1.7925 around 1.6630, while the 20- and 40-simple moving averages (SMAs) are ready to record a bearish crossover in the daily […]

Nvidia’s stock opened with a gap lower on January 28, crossing back below its 50-day simple moving average (SMA). The fact that the price structure on the daily chart still consists of lower highs suggests that the medium-term picture remains cautiously negative, though a decisive break back above the 50-day SMA could turn it to […]

NZDUSD recorded three green days in row to reach a seven-week high of 0.6937 on Thursday. On Friday, the pair is trading slightly weaker, with the RSI indicating that room for improvement is limited as the indicator seems to be slowing down above 50 and slightly below the 70 overbought threshold. Stochastics are also set […]

Alphabet Inc, the parent company of tech behemoth Google, will reports its earnings for the fourth quarter of 2018 on Monday after the US close. The company could outshine its tech peers as it’s anticipated to report another robust quarter. Analysts remain bullish about the company’s stock with a mean recommendation of ‘buy’, in line […]

Morning Report: 07.00 London The dollar index is making gains again this morning as traders raise their hopes of a trade meeting between Xi and Trump. In addition, yesterday’s disappointing economic data is being overridden by positive expectations for today’s Non Farm Payroll release. Most dollar pairs are on the back foot, with the AUD/USD […]

The US Shutdown has officially ended – temporarily at least. The Trump administration agreed last Friday to re-open the federal government for three weeks while negotiations for the infamous wall continued. This shutdown has been the longest in US history starting on December 22nd and lasting until January 25th – leaving even the White Houses […]

The US employment report takes center stage today; dollar may be at risk Euro turns lower as Italy enters recession, Weidmann strikes dovish tone US stocks advance amid “progress” in trade talks Dollar rebounds, turns its sights to US employment data The dollar shaked off some of its post-FOMC weakness against a basket of six […]

Strong calendar news is expected today at 11.55 (neutral), 4:30 pm (positive), 6:00 pm (positive) Moscow time. Trend analysis (Fig. 1). On Friday, the price before the news (16.30 Moscow time) will move up in the side channel. The first upper target 1.1502 is the resistance line (red bold line). Fig. 1 (daily schedule). Comprehensive […]

Trend analysis (Fig. 1). On Friday, the price before the news (16.30 Moscow time) will move down in the side channel. The first lower target 1.3042 is the rolling level of 23.6% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; […]

Wave counting analysis: On Thursday, January 31, trading ended with a 30 bp decline for the EUR / USD pair. Thus, the estimated wave 2 can be completed. If this assumption is true, then the decline of the instrument will continue within wave 3 with targets located about 13 figures and below. Even if the […]

USD / JPY The growth of stock markets over the past two days overwhelmed the fears of investors trading in Japanese yen, concentrating on the problems of Great Britain, China, and Italy, and “persuaded” them to return to purchases again. Yesterday, the yen did not achieve a bit in reducing the support of the price […]

On the whole, it was a rather calm day yesterday, which is not surprising, since market participants had to take a breath after the meeting of the Federal Commission on Open Market Operations. The single European currency, as expected, fell a little, not only because of a rebound after a sharp rise on Wednesday but […]

GBPAUD has rebounded somewhat on the 20-day simple moving average (SMA) and on the 23.6% Fibonacci retracement level of the upward movement from 1.5725 to 1.8730 around 1.8015. The price is ready to snap the five consecutive red days from the 1.8520 resistance, driving the price higher again. From the technical point of view, the […]

EUR/USD Unfortunately, the euro exit over the level of 1.1500 yesterday turned out to be false. The reason for this was very strong data on sales of new homes in the US – the November New Home Sales was 657 thousand compared to the forecast of 569 thousand and the previous figure was revised from […]

To open long positions on GBP/USD you need: Buyers of the British pound may resume an uptrend, but this will require a breakdown of the middle of the channel in the area of 1.3104, with a fixation above the resistance of 1.3159. Only after this will the prospect of updating the highs in the region […]

To open long positions on EURUSD you need: Weak eurozone reports, which I mentioned yesterday, continue to put pressure on the euro. Today, it is best to return to purchases after a false breakdown in the area of 1.1434 or already to rebound from a larger support of 1.1393. Much will depend on today’s data […]

When the European market opens, some economic data will be released such as Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, Spanish Manufacturing PMI, and French Gov Budget Balance. The US will also publish the economic data such as Total […]

In Asia, Japan will release the Final Manufacturing PMI, Unemployment Rate and the US will also publish some economic data such as Total Vehicle Sales, Revised UoM Inflation Expectations, ISM Manufacturing Prices, Revised UoM Consumer Sentiment, ISM Manufacturing PMI, Final Manufacturing PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So there is […]

For the last trading day, the currency pair Pound / Dollar showed a low volatility of 91 points, as a result of rolling back quotes to the limits of the recent stagnation. From the point of view of technical analysis, we see that after the descent to the value of 1.3050, the quotation felt under […]

Canadian economic growth slowed again: on a monthly basis, GDP fell to a negative area and reached -0.1% in November. In annual terms, the indicator also fell, however, was still in the “green zone”: with a growth forecast of 1.6%, the indicator rose to 1.7%, while in October the growth was more significant – 2.2%. […]

4-hour timeframe The amplitude of the last 5 days (high-low): 82p – 159p – 73p – 144p – 90p. Average amplitude for the last 5 days: 110p (119p). On Thursday, January 31, the GBP/USD pair is adjusted close to its local highs. The lack of continued downward movement makes one doubt that the pair is […]