Gold continues to rally as expected. Our first target at the price of $1,295.00 is reached, but there is still plenty of space for the upward movement. Since the key resistance at the price of $1,295.00 is broken and there is the upward trend, I expect that Gold will reach the median Pitchfork line in […]
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 significant bearish rejection was demonstrated around 1.2999 (Bearish Engulfing candlestick […]
BTC breached the key support cluster at the price of $3.420, which is a clear sign that sellers are in control and that buyers don’t have power. BTC is trading inside of the downward Pitchfork channel and I am expecting a potential reach of the median line. The key support now became the level of […]
To open long positions on GBP / USD, you need: The pound buyers made an attempt to reverse the downward correction in the first half of the day from the level of 1.3152, which I paid attention to in my morning review, but I did not manage to get above the daily highs, which increases […]
The key stage of trade negotiations between the US and China, the release of the fourth quarter Green Inflation data and the question of whether US stock indexes can continue to rally, which directly affects the global risk appetite, allows the Australian dollar to claim the title of the most interesting currency of the week. […]
USDCNH had a bearish start on Monday, with the price touching a crucial support at the six-month low of 6.7360. The price dropped beneath the 23.6% Fibonacci retracement level of the upleg from 6.2350 to 6.9781, however, currently, it is paring some of the lost ground. The RSI is pointing up near oversold levels, slightly above 30, indicating that […]
The Nasdaq index is the biggest index following technology companies’ stock prices. The index is made up of the biggest technology companies in the world like Apple, Microsoft, Facebook, and Google among others. The combined market cap of the companies in the index is more than $10 trillion. This month, the hopes of a deal […]
On Friday, Donald Trump announced that the government shutdown was temporarily ending. This brought to an end the longest shutdown the country has ever seen. However, investors believe that the government may be shut again as differences between the democrats and republicans grew. In this round of shutdown, the democrats emerged as the winner as […]
This will be an important week for the market as traders expect key information. The following will be the most important things to pay close attention to this week. Federal Reserve On Wednesday, the Fed will conclude its two-day monetary policy meeting. The bank will then release the first interest rates decision of the year […]
Ethereum Elliott Wave analysis for 28/01/2019: The last wave to the downside continues Market technical overview: After completing the corrective wave 4 in a form of a Triangle pattern (it might be some version of complex correction thou), the bears have broken below the technical support at the level of 108.46 finally. The current low […]
Wave counting analysis: On January 25, GBP / USD rose 140 basis points and the current wave counting has not changed. In the supposed wave 3, the elongation and the internal 5 wave structure are already visible. Tomorrow the next Brexit vote should take place in the UK Parliament, and this event may affect the […]
Wave counting analysis: On Friday, January 25, bidding ended for the pair EUR / USD by 100 bp increase. Thus, there are grounds for assuming the completion of the construction of wave 1 of the new downward trend section and the transition to construction 2. If this is indeed the case, then at the current […]
The impulsive bullish scenario is very close to invalidation Market technical overview: The bulls are too weak to rally above the technical resistance at the level of $3,640 and what’s even worse, the price stays below the short-term trend line resistance as well. The local highs are made at the level of $3,600, but the […]
USD / JPY On Friday, the US stock market showed an optimistic growth of 0.85%, but this did not help the yen to consolidate above the line of the growing price channel of daily scale due to the general weakening of the dollar. This morning, the price found support on the Kruzenshtern line of a […]
Technical outlook: We have presented an hourly chart for EUR/USD today, to get a short-term view for the next 24-48 hours. Please note that EUR bulls managed to break above the resistance trend line and also price resistance at 1.1394 levels on Friday. The entire rally between 1.1289 and 1.1425 levels can be considered as […]
Ebay Inc and Amazon.com Inc report earnings results on Tuesday and Thursday respectively. Reuters analysts assign an average recommendation of “buy” for Amazon’s shares, whereas for Ebay the average recommendation is “hold”. Amazon.com Inc The third quarter was a market disappointment for Jeff Bezos’ e-commerce giant Amazon.com Inc. Despite earnings beating analysts’ estimates at $5.75 […]
The Apple stock rebounded on the multi-month low of 141.90 that was reached on January 3. The RSI and the MACD are endorsing the recent upside move with the former sloping up marginally below its 50 neutral mark and the latter strengthening its positive momentum above the red trigger line. Trend signals however are still negative as the “death cross” between the 50- […]
On Wednesday, the first meeting of the US Federal Reserve will be held this year, and, unlike the practice of previous years, it will be accompanied by a press conference, the Fed intends to make all its meetings “live”. Markets are waiting for a possible change in the wording, which will make a conclusion about […]
Brexit is some kind of alpha and omega of our day. Virtually all news releases begin and end with news about the difficult and thorny path of the UK from the European hostel. And this time, the main topic for discussion was the “alternate plan” for secession from the European Union, which Theresa May quickly […]
Medium-term impulse growth on the pair continues. There is no sign of the formation of a reversal pattern. For this reason, there is no possibility to search for sales. The pair is trading outside the monthly short-circuit, which increases the likelihood of supply and the formation of a correctional model. When working this week, it […]
Positive news came to the markets: The Fed – the decision on Wednesday January 30 – there is no doubt that the decision will be a soft one. Brexit – voting on different versions of the agreement with the EU is expected on January 29. It seems that the news can only be positive – […]
At the close of the week, the euro gave a strong technical signal to the top: after trying to break below 1.1300, the euro was heavily bought, and it broke through the daily order level of 1.1395 to the top and is higher in the morning. Fundamentally: the end of the shutdown in the US […]
Gold had one of its best trading sessions for this year so far on Monday, reaching a fresh 7-month high of 1304.30. However, currently, the price holds marginally below this peak. The technical indicators are still located in bullish area, with the MACD stretching further above its red signal line and the RSI moving above 70. Yet the […]
To open long positions on GBP/USD you need: Buyers work out levels perfectly, gradually continuing growth, which can be completed in the near future without the support of good news on Brexit. It is best to look closely at long positions today at the level of 1.3156, provided there is a false breakdown there, or […]
To open long positions on EURUSD you need: Such a sharp reversal of the euro in the other direction can be stopped only by the ECB President Mario Draghi, whose speech is scheduled for today. In the meantime, long positions are best considered after a downward correction to the support area of 1.1381 or to […]
On Monday, the price will move up. The first upper target of 1.1431 is the 50% rollback level (blue dotted line). The probability of breaking through the level of 50% is small. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – down; – candlestick analysis […]
Reports the Fed may halt its balance sheet unwind hurt dollar, boost stocks Sterling marches higher ahead of decisive week for Brexit ECB President Draghi & BoE Governor Carney speak today Dollar slumps, equities advance on Fed reports & trade optimism It was a lively session for both currency and equity markets on Friday. The […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 122.8852 The currency pair GBP / USD on Monday, January 28, as if nothing had happened, continues a confident upward movement. The pair now mostly ignores any news […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The junior linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 142.3063 The past week ended with a confident growth of the European currency, although it is rather difficult to call it logical and fully justified. As we wrote […]
EUR/USD Last Friday, the White house and Congress reached a temporary agreement to end the shutdown. But this positive news was overshadowed by the arrest of Roger Stone, a former political adviser to Donald Trump, in connection with the “Kremlin case”. In the Western business media, there is a stretch of pegging the dollar’s decline […]
