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 […]
To open long positions on EUR / USD pair, you need: In the afternoon, the entire calculation will be on the inflation data in the United States. They will only be able to lead a change in the situation on the market, which is lateral in nature. Buyers are required to return to the resistance […]
The big picture: Shutdown in the United States and the Brexit agreement in the British Parliament. In the British Parliament, the debate began on an agreement with the EU. According to the mood in the parliament, Theresa May can not get a majority. Voting is next Tuesday on January 15. The second topic is the […]
GBPCAD slipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the five-month high of 1.7495 resistance level reached on 1.7495. The pair has been trading within an ascending sloping channel over the last five months, despite the upside spike towards 1.7495. The RSI indicator keeps moving slightly […]
Overview: The USD/CAD pair has dropped sharply from the level of 1.3419 towards 1.3181. Now, the price is set at 1.3297 and acts as a daily pivot point. It should be noted that volatility is very high, so the USD/CAD pair will continue to move between 1.3297 and 1.3181 in the coming hours. Furthermore, the […]
Bitcoin has been quite impulsive and non-volatile with the recent bearish momentum after breaking below $4,000 area with a daily close. The price is currently correcting itself near $3,500-600 support area from where certain pullbacks towards the dynamic level have been observed. The price is expected to push lower towards $3,000 support area in the […]
GBPJPY has been in a neutral mode after the price jump above the more than two-year low around 132.48. The technical indicators are turning lower as the price is losing momentum. The RSI indicator is sloping down, failing to surpass the 50 level, while the MACD oscillator is flattening near the zero line in 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 […]
On Friday, the price will move up. The first upper target 1.1571 is the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – up; – Bollinger lines – up; – weekly schedule – […]
Wave counting analysis: On January 10, the GBP / USD pair lost about 45 bp. Thus, wave 2, 3 or s takes a more complex form and does not go beyond the maximum of December 31, thus maintaining the integrity of the current wave marking and the instrument’s chances of a new decline within the […]
The American dollar regained some of its positions after yesterday’s publication of the European Central Bank’s minutes from the monetary policy meeting, as well as against the background of good data on the US labor market. Speech by Fed Chairman Jerome Powell also reassured traders and investors. Yesterday, US President Donald Trump said that if […]
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: 24.5871 The currency pair GBP / USD on Friday, January 11, corrected to the area of the moving average line, but, unlike the Euro currency, there are no […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 22.4301 The EUR / USD currency pair on Friday, January 11, after a rather small correction, resumed an upward movement, as indicated by the indicator Heikin Ashi. Thus, […]
Japan’s 225 stock index (Nikkei 225) gained some ground after dropping to a 15-month low of 19,239 in the first week of the year and is now looking for a cross above the 20-day simple moving average. In the short term the index could consolidate as the RSI is ready to touch its 50-neutral mark, […]
Dollar briefly inches up after Powell; US CPI data today will be crucial Swiss franc drops, with SNB likely behind the move US-China trade optimism boosts aussie and kiwi Brexit uncertainty lingers ahead of next week’s Parliamentary vote Powell helps dollar to rebound briefly, but mind the upcoming inflation data Fed Chair Powell mostly “stuck […]
Gold price has not made a new high yet. Price seems to be moving sideways as we are currently in a very short-term correction/consolidation phase before the next upward wave. Price remains inside the bullish channel and above short-term support so trend remains bullish. Green rectangles – support areas Purple lines – bullish channel Black […]
EUR/USD as expected by our last analysis is pulling back towards 1.15-1.1470 area. I consider this to be a back test of the breakout area and I expect prices to bounce higher towards 1.17 at least from current levels. Red line – major trend line resistance Green line – trend line support As we saw […]
Fed Chairman J. Powell, speaking as part of the discussion at the energy club forum, said that the growth rate of the national debt and the budget deficit are of serious concern and one way or another, they require a solution in the long term. The normalization policy led, among other things, to an increase […]
On Friday, the 11th of January, the eye of all traders should be focused on UK data such as GDP, Industrial Production, and Manufacturing Production. The other important data are from the US in form of Consumer Price Index, UoM Consumer Sentiment, UoM Inflation Expectations and Federal Budget Balance. No speeches are scheduled for today. […]
4h The EUR / USD currency pair fell below the correction level of 50.0% – 1.1517, but after the formation of a bullish divergence at the CCI indicator, it made a U-turn in favor of the EU currency and closed above the level of 50.0%. As a result, on January 11, the growth process can […]
4h The currency pair GBP / USD on a 4-hour chart made a new turn in favor of the American currency after the formation of the second bearish divergence at the MACD indicator. As a result, the process of falling quotations can be continued on January 11 in the direction of the correction level of […]
USDCAD erased half of its October-December rally, dropping to a one-month low of 1.3179 on Wednesday before turning neutral. According to the RSI the pair is not far away from oversold territory at the moment, as the indicator lies slightly above 30, a sign that a rebound could possibly emerge in the short term. Yet, with the […]
Recently global investors have seen an interesting situation on the market, when the price of Bitcoin, the largest cryptocurrency, fell from 4,050 to 3,800 dollars in a few minutes. Correction with every hour is getting worse. The whole move down erase the profits from January 7, when the BTC / USD, make the same move, […]
Trend analysis (Fig. 1). On Friday, work upwards with the first top target of 1.2790 – the rolling level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis – up; – […]
EUR/USD The euro adjusted yesterday, down by 42 points after a strong growth on Wednesday. But at the moment the technical situation has not changed. The euro remains in an upward trend, the target area of 1.1620/40 remains. Nevertheless, a significant bar – the resistance of 1.1575 is added to the technical picture, at least […]
Yesterday’s speech by Fed Chairman J. Powell reassured the markets again, allowing them to resume growth. In his speech, he confirmed the expectations of the markets that the American regulator will proceed from the development of the situation in decisions on rates and will act “quickly and flexible.” He noted that the markets are too […]
GBP/USD On Thursday, the British pound made an unspoken attempt to decrease, leaving it at a meeting with the support of the balance line on the daily chart and on the balance line and the Krusenstern on the four-hour. Thus, the desire of the British pound to try again to go to the Krusenstern line […]
Dear colleagues. For the currency pair Euro / Dollar, the price is in the correction zone of the rising structure of January 2 and the level of 1.1451 is the key support. For the Pound / Dollar currency pair, we should continue the development of the ascending structure from January 2 after the breakdown of […]
In Asia, Japan will release the Economy Watchers Sentiment, Current Account, Bank Lending y/y, and Household Spending y/y. The US will also publish some economic data such as Federal Budget Balance, Core CPI m/m, and CPI m/m. So there is a probability that the USD/JPY pair will move with a low to a medium volatility […]
The EUR/USD pair bounced off its support at 1.1489 (38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.1567 (horizontal swing high resistance). Stochastic (34, 5, 3) bounced off its support at 3.2% where a corresponding rise could occur. EUR/USD has rebounded from its support where we […]
