Key data releases out of the UK are likely to once again find themselves fighting for attention amid a deepening Brexit turmoil. But although there will be bigger stories than economic indicators dominating the headlines for sterling traders over the next few days, the data could nevertheless provide some clues as to the likelihood of […]
To open long positions on EUR / USD pair, you need: In the first half of the day, a report was released on the Eurozone’s foreign trade surplus, which r amounted to only 19.0 billion euros in November last year against 23.4 billion euros in November 2017, which put pressure on the euro. Currently, buyers […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1418. According to the H4 time – frame, I have found a finished expanded flat bullish correction phase, which is a sign that downward movement can resume. My advice is to watch for selling opportunities. The downward target is set at […]
Recently, Gold has been trading sideways at the price of $1,289.00. According to the H1 time – frame, I have found a broken intraday bearish flag in the background, which is a sign that sellers are in control. I also found that there is hidden bearish divergence on the MACD oscillator and that a potential […]
Trading recommendations: According to the H4 time – frame, I found that BTC created a potential double bottom pattern, which is a sign that selling looks risky. I have also found that therer is the bullish impulsive wave in the background and hidden bullish divergence on the LBR oscillator, which is another sign of the […]
On the weekly chart, the EUR/USD pair is demonstrating a long-term Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
West Texas Intermediate (WTI) crude oil futures are finding strong support level on the 23.6% Fibonacci retracement level of the sharp downward movement from 76.90 to 42.50, around 50.65. The technical indicators suggest that there are still some investors that could hold the market on the downside; the MACD is moving lower below its red signal line, while […]
Since mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern was demonstrated on […]
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 continues to move upwards from the level of 1.2728. Yesterday, the pair rose from the level of 1.2728 to the top around 1.2780. Today, the first resistance level is seen at 1.2814 followed by 1.2888, while daily support 1 is at 1.2728. According to the previous events, the GBP/USD pair is […]
The JPMorgan stock price is continuing last month’s rebound on the 16-month low of 91.07, touching the 101.45 resistance level. However, looking at the technical indicators, they suggest bearish actions as the price opened with a gap down in the previous sessions. The stochastic oscillator is moving lower below the overbought level, while the ROC […]
British lawmakers will vote on the Brexit deal today; outcome crucial for sterling In the broader market, risk aversion is abating as China outlined plans for fresh stimulus Some remarks by ECB President Draghi may also attract attention Sterling turns its sights to the long-awaited parliamentary vote The spotlight will fall on the UK today, […]
The absence of important fundamental statistics on Monday forced traders to take a wait-and-see position in the EUR / USD pair, but demand remained in GBP / USD amid news from the Conservative Party of Great Britain. USA Statements by US President Donald Trump that negotiations with China are going very well and that an […]
Wave counting analysis: On Monday, January 14, trading ended for EUR / USD with a minimum increase of 10 bpts. Thus, it can be said that the wave marking has not changed at all. And from the current position, it is expected to resume the instrument increase within the estimated wave 3 and c with […]
Morning Report: 07.00 London The British pound is relatively strong ahead of today’s parliamentary vote on Theresa May’s Brexit proposals. The bill is widely expected to fail, but the key question is the degree to which this has already been priced into current prices. The other competing driver right now is the Bank of England’s […]
GBPUSD is hovering around the two-month high of 1.2930 after it posted two consecutive green days, having broken above the 40-day simple moving average (SMA) and the descending trend line. This week the pair continues to attract buying interest, with the price climbing slightly above the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2390, around 1.2855. The technical indicators are still positive […]
Trend analysis (Fig. 1). On Tuesday, the price will move up. The first upper target of 1.1535 is the recoil level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis – […]
The EUR/USD pair is bouncing from the support area of 1.1430-1.1450. However, bulls are not out of danger. They will need to break out above the short-term bearish channel and eventually recapture 1.15. Yellow rectangles – trading range Black line – important trend line support Purple lines – bearish short-term channel EUR/USD, as expected, has […]
Today we take a look at the weekly chart in Gold since 2007. Gold is in a short-term bullish trend and we talked about short-term targets of $1,310-20 and the possibility that this up trend could continue towards its major long-term resistance area of $1,350-60. But what should we expect if this level is broken? […]
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: 139.0805 The currency pair GBP / USD on Tuesday, January 15, continues its upward movement. Thus, traders before the results of the parliamentary vote on the Brexit issue […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – sideways. CCI: -23.4851 The currency pair EUR / USD on Monday, January 14, was trading near the moving average line. There were no important macroeconomic publications that day. Moreover, the […]
GBP/USD The main event of yesterday was the statement of the British Prime Minister Theresa May that the UK is not likely to withdraw from the EU, rather than it will leave the EU without a deal. The pound reacted slightly to the statement by growth, but this statement ultimately shows the inconsistency of the […]
AUD/USD For the third session, the Australian dollar is trading in a narrow range between the balance lines and the Krusenstern on a daily scale chart in anticipation of the decision of the British Parliament on the Brexit agreement with the EU. A positive outcome of the vote, and it can be both the adoption […]
The main event today is the vote in the British Parliament on the agreement with the EU. The vote 18.00 London time. Experts write that the Parliament will fail the agreement – the majority will vote against. Nevertheless, the pound is not falling – and is counting on growth – the market has its own […]
When the European market opens, some economic data will be released such as Trade Balance, French Gov Budget Balance, and French Final CPI m/m. The US will also publish the economic data such as IBD/TIPP Economic Optimism, Empire State Manufacturing Index, Core PPI m/m, and PPI m/m, so amid the reports, the EUR/USD pair will […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y, and M2 Money Stock y/y. The US will also publish some economic data such as IBD/TIPP Economic Optimism, Empire State Manufacturing Index, Core PPI m/m, and PPI m/m. So there is a probability that the USD/JPY pair will move with a low to a […]
By the end of the last trading week, the pound/dollar currency pair showed a high volatility of 156 pips, as a result, breaking through the newly formed flat. From a technical analysis point of view, we can see the impulse move that broke through the upper edge of the previously formed a short-term flat 1,2700/1.2800, […]
The economic calendar of the foreign exchange market is nearly empty today. Nevertheless, the most important release of the day caused quite a strong resonance among traders. We are talking about the publication of data on the state of China’s foreign trade. The importance of this indicator is due to the general concern of investors […]
The last quarter of 2018 was the worst experienced by global stocks in seven years, with the S&P 500 financials index closing lower by 9%. JPMorgan Chase & Co and Wells Fargo will be among the first of the largest contributors of the index to report earnings results for the messy quarter on Tuesday, while on Wednesday and Thursday […]
British lawmakers will hold the “meaningful vote” on the government’s Brexit deal on Tuesday evening. The accord is widely expected to be voted down, and although that may hurt sterling initially, the currency’s broader direction will probably depend more on what happens next. Overall, the biggest tail risk for the pound – a no-deal exit […]
