The AUD/USD pair is approaching its resistance at 0.7162 (100% Fibonacci extension, 61.8 % & 50% Fibonacci retracement, horizontal pullback resistance) where a reversal to its support at 0.7105 (76.4% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) is nearing its resistance at 87% where a corresponding drop is anticipated. AUD/USD […]
The CHF/JPY pair bounced off its support at 112.32 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.25 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur. CHF/JPY bounced off its […]
When the European market opens, some economic data will be released such as Consumer Confidence, French Consumer Spending m/m, and German GfK Consumer Climate. The US will also publish the economic data such as Revised UoM Inflation Expectations, Personal Income m/m, Revised UoM Consumer Sentiment, Personal Spending m/m, Core PCE Price Index m/m, Final GDP […]
In Asia, Japan will release the National Core CPI y/y and the US will also publish some economic data such as Revised UoM Inflation Expectations, Personal Income m/m, Revised UoM Consumer Sentiment, Personal Spending m/m, Core PCE Price Index m/m, Final GDP Price Index q/q, Durable Goods Orders m/m, Final GDP q/q, and Core Durable […]
The current movement of the Asian session made it possible to implement a priority descending model. The weekly test of 111.89-111.71 indicates the need to fix a portion of sales. The rest can be converted to breakeven. The downward movement moves into the medium-term phase. If today’s closing of the US session is below the […]
Breaking forecast 12/20/2018 The euro began to move upward. On Wednesday, the euro started to move upward – but received a strong blow from the Federal Reserve rate hike. Yet the movement is not yet broken. We keep buying from 1.1405, stop 1.1360, target 1.1605. Possible entry to the breakthrough of 1.1445. The material has […]
This week may will be remembered for a reverse of crypto market to some optimism. Bitcoin has managed to get support at $3,300. Purchases are gradually gaining momentum, that allowed the price to exceed the $4,000 threshold. Needless to say that the BTC rebounds after an excessive oversold earlier. In addition, a very positive sign […]
EUR/AUD is testing its resistance at 1.5998 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5825 (61.8% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is expected. EUR/AUD is testing its resistance […]
XAU/USD is approaching its support at 1233.53 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1245.25 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur. XAU/USD is approaching its support […]
XAU/USD (Gold) is above our strong ascending trend line and in a bullish channel. We are buying on strong support at 1239.91 (ascending support, bullish channel, fibonacci retracement, fibonacci extension) for a bounce up to 1256.65 as our profit target. Our stop loss is at 1234.29. The material has been provided by InstaForex Company – […]
Trading recommendations: According to the H1 time – frame, I found BTC has been trading upwards. As I expected, the price tested the level of $4.045 and met my yesterday’s target. Anyway, I found a potential overbought condition on the BTC since the price tested the upper diagonal of the upward channel and did found […]
While traders continue to “eagerly buy” European currency in the expectation of its long and rapid growth, buyers of the pound continue to stay away from everything that happens, carefully studying the signals from the Bank of England. Fed Yesterday, the Federal Reserve System raised interest rates, which generally expected 99% of the market, but […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On […]
Since mid-November, successive lower highs were demonstrated below the depicted H4 downtrend line around the price levels of 1.2870 and 1.2780. 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 is being demonstrated on the H4 […]
Recently, the USD/CAD pair has been trading downwards. The price tested the level of 1.3446. Anyway, according to the M30 time – frame, I have found that price rejected from the lower Keltner band (support, 2.5 standard deviations), which is a sign that USD/CAD went to the oversold zone. I also found that price stopped […]
To open long positions on GBP / USD, you need: The pound calmly reacted to the decision of the Bank of England to leave the interest rate unchanged, which is expected to limit the upward trend in the upper border of the side channel of 1.2705, which I paid attention to in my morning review. […]
Yesterday, the Federal Reserve Open Market Committee (FOMC) under the leadership of Jerome Powell concluded the final meeting of the year in which was dubbed as the most important day in markets. This is because the decision placed the Fed between a rock and a hard place. This is so because the Fed had initially […]
GBPAUD moved higher to a one-month high of 1.7850 after finding support at the 11-month lows at 1.7220, near the 50% Fibonacci retracement level of the upleg from 1.5725 to 1.8730 on December 3. The price extended its gains above the 38.2% Fibonacci mark of 1.7575 and the 20- and 40-simple moving averages (SMAs) in the daily […]
The Fed raised the key interest rate as widely expected. But despite the fact that most of the market participants were ready for this scenario, the surprises could not be avoided. The greatest influence on the dynamics of EURUSD, and the entire dependent market as a whole, was provided by Powell’s comments and forecasts for […]
EURGBP has been edging higher since Wednesday’s session, remaining above the strong support level of 0.8940. The technical structure endorses the short-term bullish sentiment as the RSI is heading towards the overbought level and the MACD oscillator created a positive crossover with the trigger line above the zero line. Also, the moving averages are pointing […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – sideways. CCI: 162.5807 The GOLD tool continues to rise in price against the general decline in the US currency. It should be noted that gold has been going up for […]
Following the meeting on Wednesday, December 19, the US Federal Reserve announced the next step aimed at normalizing monetary policy, raising interest rates by a quarter percent. Fed projections look confidently bullish. The GDP growth rates were revised for 2018 from 3.1% to 3.0%, for 2019 from 2.5% to 2.3%, which in fact looks like […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2706. Anyway, according to the M30 time – frame, I have found a fake breakout of the 2-day high and a bearish breakout of the 2H balance, which is a sign that buying looks limited. I also found price rejection from […]
Brent crude oil during trading on Thursday fell to $ 54.66 a barrel, refreshing the low of September 2017. Quotes of WTI Texas oil also showed a decline to $ 46.15 a barrel. The main driver of the fall in the oil market were the results of the meeting of the Federal Reserve System (FRS) […]
Experts believe that the actions of the Federal Reserve System (FRS) of the United States “cut the wings” to investors. Recall, the Fed has raised the rate and is preparing to raise it twice more in 2019. After the speech of Jerome Powell, the head of the department, a collapse occurred in the markets, which […]
Brent Crude Oil broke support area Further losses are likely Brent Crude Oil recently broke through the support area lying between the support levels 60.00 and 57.00, 61.8% Fibonacci correction of the previous weekly upward impulse from the middle of 2017 and the weekly support trendline from the start of 2016. The breakout of this […]
NZDCHF broke support area Further losses are likely NZDCHF recently broke through the support area lying between the key support level 0.6750 (which stopped the previous short-term correction (iv) in November), 38.2% Fibonacci correction of the previous upward impulse from October, support trendline of the daily up channel from September and the 200-day moving average. […]
Stocks dropped in Europe and Asia on Thursday as investors expressed concern about a lack of relief from the Federal Reserve’s monetary tightening. U.S. equity futures trimmed a decline, the dollar slumped and the yen jumped. The sell-off that began Wednesday with Fed Chairman Jerome Powell’s downplaying of the implications of market volatility, and his […]
Morning Report: 07.00 London The dollar index is down slightly after staging a post Fed rally on expectations of a bullish rate path. Overall there are mixed fortunes for dollar pairs. The AUD/USD is lower again this morning after heavy selling yesterday that continues the December decline. The GBP/USD is higher slightly after moderate losses […]
2019 gold forecasts start with 2018’s strength… IF YOU’RE already invested in gold, then frankly I blame this on you, writes Adrian Ash at BullionVault. Yes, you. Because while so much was stacked up against gold prices in 2018… …and while new investors have almost vanished… …existing investors have refused […]
