Dear colleagues. For the currency pair Euro / Dollar, we follow the development of the upward cycle of January 2. For the currency pair Pound / Dollar, the continuation of the development of the ascending structure from January 2 and we expect 1.2813 after the breakdown. For the currency pair Dollar / Franc, after the […]
Gold price is pulling back downwards towards $1,280. As we explained in our last analysis, there are a lot of chances that the entire pull back is not over and we could soon see another leg lower towards $1,270. Green rectangles – support areas Black lines – expected path Purple lines – bullish channel Gold […]
The Canadian labor market report for December was characterized by low expectations after a very strong increase in employment in November (94.1k). Last month, 9.3k jobs were delivered – close to the forecast of 10k – as a result of the increase in part-time jobs, which has a negative effect. The unemployment rate remained at […]
WTI crude oil futures (for February delivery) rebounded on the 18-month low of 42.50 on December 26, driving the price higher towards a three-week high of 49.80 yesterday. The technical indicators suggest that there are still some investors that could hold the market on the downside; the MACD is consolidating below its red signal line, however, the RSI has turned slightly higher above […]
Stocks gain little on trade news as more clarity needed Antipodeans weaken, dollar strengthens Trump addresses nation on Tuesday to discuss border EU and British officials said to be discussing Brexit delay Trade hopes rise as US-Sino negotiations conclude Trade headlines will top market interest on Tuesday as Chinese and US officials conclude their two-day […]
EUR/USD once again reached the upper trading range boundary around 1.1470-1.1480 and got rejected. Price is now pulling back towards 1.1430. Trend remains neutral as we continue to move inside the 1.1475-1.1270 range. Green line – trend line support Red dots – maximum strength resistance level Blue dots- medium strength Support level Short and medium-term […]
The financial markets in Asia adopted an attitude of anticipation and inhibition of enthusiasm from the previous session. The currency market volatility is small in favor of USD and CAD. USD bounces off lightly, making up for losses on Monday. EUR / USD reversed down to 1.1435, USD / JPY is drawn to 108.90. CAD […]
The Japanese Financial Services Agency (FSA)is apparently open toapproving the crypto of ETF (Exchange Traded Funds) funds. Today’s financial media reports, citing a person “familiar with this case,” states that the FSA is currently investigating institutional interest in ETFs that track cryptocurrencies and ultimately give them green light. The ruling of the Liberal Democratic Party […]
GBP/JPY has rallied well and a so long as minor support 138.51 max. 137.59 is able to protect the downside more upside pressure towards 139.48 and 140.69 remains expected. We do see signs of the rally from 131.55 getting weaker, but as long as support at 138.51 is able to protect the downside, all we […]
When the European market opens, some economic data will be released such as the French Trade Balance and German Industrial Production m/m. The US will release economic data as well such as the Consumer Credit m/m, JOLTS Job Openings, trade balance, and the NFIB Small Business Index Auction. So, amid the reports EUR/USD will move […]
In Asia, Japan will release the Consumer Confidence survey and 10-y Bond Auction. The US will release some Economic Data such as Consumer Credit m/m, JOLTS Job Openings, Trade Balance, and NFIB Small Business Index. So, there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
Morning Report: 07.00 London The dollar index is steadier this morning, as the Greenback rebounds from support levels and forces major dollar pairs to reverse some of yesterday’s gains. There were small gains for the AUD/USD yesterday, but these have mostly been reversed this morning on poor trade balance figures. The GBP/USD and EUR/USD are […]
GBPUSD has been edging higher over the last three days, following the bounce off the 21-month low of 1.2390 that was reached on January 2. This week the pair continues to attract buying interest, with the price climbing slightly above the long-term descending trend line. The technical indicators are still positive in the short-term, with […]
4-hour timeframe The amplitude of the last 5 days (high-low): 89p – 59p – 134p – 192p – 211p. Average amplitude for the last 5 days: 128p (137p). The British pound on Monday, January 7, also continues to recover from the failure of January 2. All losses are currently balanced, therefore, in our opinion, the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 102p – 44p – 172p – 102p – 73p. Average amplitude for the last 5 days: 99p (99p). The EUR/USD currency pair continued its upward movement on Monday, January 7, not too strong, but confident and recoilless. There were few macroeconomic reports published on the […]
The euro continues to stay in a super-long range. The next event that can give impetus to European currencies: the beginning of the debate in the British Parliament on the agreement with the EU. The debate is scheduled for January 9, voting must take place no later than January 13. We are ready to buy […]
Fans of the yen waited for their high point. The Japanese currency headed for strengthening, confidently pushing the American dollar from the podium. Fed Chairman Jerome Powell said that the regulator will adhere to moderate monetary policy in 2019. The official also pointed out the lack of a predetermined rate of increase in rates and […]
Trading recommendations: According to the 30M time – frame, I found strong demand in the background and a bullish flag pattern in progress, which is a sign of potential upward continuation. My advice is to watch for a potential breakout of the bullish flag to confirm a further upward movement. The upward targets are set […]
Bitcoin has been quite impulsive with the recent bullish momentum which nudged the price to reside above $4,000 area recently. The price bounced off the 200 EMA recently while being supported by the dynamic levels of Tenkan, Kijun, and 20 EMA. The price recently retested off the $4,000 area with a retracement. The price is […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1444. According to the H1 time – frame, I have found that price is trading above the Ichimoku cloud and above the daily pivot (1.1386), which is a sign that buyers are in control. I also found a breakout of the […]
Sales in the eurozone rose in November more than expected, consumers bought more clothes and equipment, official data showed, this was another positive sign of the growth of the regional economy in the last quarter Retail sales increased by 0.6 percent on a monthly basis, which is much higher than the growth forecast by 0.1 […]
The European currency is gradually strengthening its position against the US dollar against the background of good data on retail sales in the eurozone, which was mainly provided by Germany. Regular unsuccessful negotiations between Donald Trump and the leaders of the Democratic Party on the issue of resuming the work of the government are putting […]
Recently, Gold has been trading sideways at the price of $1,290.00. According to the H1 time – frame, I have found that price breached the Keltner’s lower band, which is a sign that there is potential for a change in trend behavior from bullish to bearish. I also found a potential bearish flag in creation […]
Silver is an important metal that is classified as a precious metal. This is despite the fact that it is less expensive than other precious metals such as gold, palladium, and platinum. An ounce of silver sells for about $15. This is much lower than gold’s $1300 and palladium’s $1250. Because of this, silver is […]
Last week, the markets ended at a high note as investors cheered the impressive jobs report and he assuring message from the Fed chair. The Dow gained by 746 points while the S&P gained by 85 points. The positive jobs numbers continue to show that the US economy is accelerating its growth. This was seen […]
EURAUD retreated after it found strong resistance on the almost 10-year high of 1.6658, returning below the 1.6350 strong barrier. The downfall in the price action is confirmed by the technical indicators. The MACD continues to head downwards after creating a bearish cross with its trigger line, while the stochastic oscillator weakened to enter oversold zone, with 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 […]
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 bearish 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 Friday, investors cheered the excellent jobs release from the United States, the positive statement from Jerome Powell, and the announced talks between the United States and China. Data from the Bureau of Labor Statistics (BLS) showed that the economy added more than 312K jobs. This was a sharper increase from the previous month’s 176K […]
In 2018, the price of WTI crude oil started at about $60 a barrel. The price rallied to a YTD high of $76.9 in October. At this time, investors were optimistic that the price would continue rallying and the hopes were that the price would reach $100 a barrel this year. The rally was driven […]
