Last week, the EURUSD rate gave a strong technical signal to the upward trend – a break above 1.1500 and the closing of the day above 1.1500. But then there were strong sales and growth is on the verge of cancellation. We are ready to buy the euro from 1.1570 (more aggressive from 1.1545). Alternative: […]
EUR/USD after moving above 1.15 is now back towards the breakout area as expected. This is a pullback and backtest of the breakout level to confirm the bullish trend EUR/USD is in. If price does not bounce off this area, then the break out was a fake one and there is danger of moving back […]
EURUSD lost momentum over the previous couple of sessions finding strong resistance on the 1.1570 hurdle. Despite the upside penetration of the long-term descending trend line the price failed to extend gains well above this level. In the daily timeframe, the RSI indicator rebounded on the neutral threshold of 50 and is sloping marginally higher, […]
Gold price continues to trade inside the medium-term bullish channel while in the short-term price looks like it is forming a triangle pattern before its final leg higher. Trend remains bullish and our next target is at $1,310-20 as long as we trade above $1,270. Green rectangles – support areas Red rectangle- target area Purple […]
Wave counting analysis: On January 11, the GBP / USD pair added about 90 bp. It broke through the maximum of the previous upward wave and the wave pattern.As a result, it requires making adjustments. Thus, the wave with turned out very shortened, nevertheless, it went beyond the minimum of wave a. The tool has […]
Trend analysis (Fig. 1). On Monday, there is a work upwards with the first top target of 1.2887 – a rolling level of 50.0% (yellow dotted line). From this level, there is a possible lower work. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – […]
USD/JPY The Japanese yen continues to experience difficulties in regaining growth. On Friday, the American stock market put it up, albeit only slightly, but down by 0.01%. At the moment, the price is supported by the Krusenstern line on the four-hour chart, but on the daily half the price is below the trend line of […]
Last week there was a test of the zone of the average weekly move, which led to the emergence of a large offer. It is important to note that the decline led to the breakdown of a significant support zone and the formation of a reversal pattern. The close of trading last week occurred below […]
The upward movement remains a medium-term impulse. This allows you to hold purchases opened last week or the week before. It is not profitable to buy from current grades, since the growth is already twice the average monthly speed. Friday’s movement continued the impulse upward medium-term model. The closing of trading occurred above Thursday’s high, […]
Morning Report: 07.00 London The dollar index remains in a restricted trading range this morning as the US governmental shut down becomes the longest such deadlock in history. The crux of the matter remains payment for Trump’s wall across the Mexican border. This and disappointing China export data has pushed money into the perceived safety […]
On Monday, the 14th of January, the event calendar is light in important data releases. The only two events during the whole trading session are Wholesale Price Index data release from Germany and Industrial Production data in the Eurozone. EUR/USD analysis for 14/01/2019: The Wholesale Price Index data are scheduled for release at 07:00 am […]
Global macro overview for 14/01/2019: Crude oil bounces across the board The prices of the WTI and Brent oil have rebounded above the key levels of USD 50 and USD 60. Above-average volatility and extremely high risk aversion during the holiday season brought the prices of the raw material to the lowest levels since June […]
After the recent attack on the Ethereum network, the $ 100,000 Gate.io cryptocurrency exchange has been reportedly returned, according to its official blog on January 12. The company also noticed that it tried to contact the attacker, but so far it has not received any answer and does not know the reason for the refund. […]
Key support at 137.59 remains intact, but GBP/JPY looks like it has lost the upside momentum for now and a correction in wave ii is developing. Under this count, we should see a break below key support at 137.59 soon for a decline into the corrective target-area between 134.04 – 135.17 before the next impulsive […]
EUR/JPY once again failed to break clearly above resistance at 124.86 and looks to have lost upside momentum. This mean wave i is in place at 125.09 and wave ii into the corrective target-area between 121.22 – 121.96 now should be expected before the next impulsive rally is expected to take over again. Resistance at […]
The AUD/CHF pair is testing its resistance at 0.7110 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is anticipated. AUD/CHF is […]
The AUD/CAD pair is testing its resistance at 0.9565 (100% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9465 (38.2% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop is anticipated. AUD/CAD […]
When the European market opens, some economic data will be released such as Industrial Production m/m, and German WPI m/m. The US will not publish any economic data today, so amid the reports, the EUR/USD pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1520. […]
Today, Japan and the US will not release any economic data. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 108.88. Resistance. 2: 108.67. Resistance. 1: 108.46. Support. 1: 108.18. Support. 2: 107.97. Support. 3: 107.76. (Disclaimer) The […]
Today, Japan and the US will not release any economic data. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 108.88. Resistance. 2: 108.67. Resistance. 1: 108.46. Support. 1: 108.18. Support. 2: 107.97. Support. 3: 107.76. (Disclaimer) The […]
Federal Reserve Head Jerome Powell said that regulator officials will be patient when deciding to raise interest rates until they analyze the possible negative effects of monetary tightening, their impact on the growth of the US economy this year. J. Powell noted that currently there are no signs of excessively high inflation or the presence […]
4 hour timeframe The amplitude of the last 5 days (high-low): 211p – 72p – 93p – 94p – 73p. Average amplitude for the last 5 days: 109p (132p). On the last trading day of the week, the British pound sterling rushed higher because of the news on GDP for November, which exceeded the forecast […]
4 hour timeframe The amplitude of the last 5 days (high-low): 73p – 87p – 63p – 121p – 85p. Average amplitude for the last 5 days: 86p (89p). On Friday, January 11, the EUR/USD currency pair was trading in an absolutely calm way all day. The total range of movements on the last trading […]
This week, the government shutdown in the United States continued for the third week. It has now become the longest shutdown ever and there doesn’t seem to be a way forward. The shutdown is mostly because of the United States president who has said he will not sign any funding package without his border wall. […]
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 […]
The euro ends the week on a positive note amid widespread depreciation of the dollar after cautious signals from the US Federal Reserve System. In the past three months, the single European currency has failed to get out of the range of $ 1.12- $ 1.15 primarily because of fears that the ECB will not […]
To open long positions on the GBP / USD pair, you need: British pound buyers returned to the market after updating the support of 1.2708, which I talked about in more detail in the morning forecast. Good data on the growth of the UK economy helped the pound to break through the resistance of 1.2798 […]
On today’s agenda, traders in the GBP / USD pair have two questions, Brexit and the growth dynamics of the British economy. The topic of the “divorce process” has an undisputed priority, however, macroeconomic indicators should not be overlooked. If the Brexit epic ends in a civilized way, then the rate of monetary policy tightening […]
GOLD PRICED in the US Dollar showed a 0.5% weekly gain as New York trading began on Friday, holding at $1293 as European stock markets slipped amid a fresh round of political turmoil. “Up until now people have been quite rightly worried about the prospects of no deal” for the UK’s March exit from […]
Brexit fatigue looks set to reach a climax next week as UK lawmakers will finally get their say on Theresa May’s deal. But with little chance of the deal passing through Parliament, stormy days lie ahead for sterling. On the data front, inflation will be the dominant theme, while the US housing market will also […]
