To open long positions on the GBP / USD pair, you need: The situation on the pound has not changed much. The formation of a false breakdown in the area of 1.2752 led to a return in demand for the pound. However, the main task is to break through and fix above 1.2798 resistance, which […]
To open long positions on EUR / USD pair, you need: There are no serious new data, and the Eurozone GDP report did not lead to a change in the market situation. Traders paused before an important report on the number of people employed outside the agricultural sector. Buying requires the formation of a false […]
Bitcoin market has taken another strong downturn recently, leading the price to reside below $3,500 area quite impulsively. Bitcoin pushed downwards around 11% on the daily chart which was expected to push towards $4,000 and above recently as per recent fluctuations at the $3,500 support area. The market sentiment is currently quite bearish with Bitcoin. […]
Overnight, the crypto market has lost about $16 billion of its valuation as it dropped from $123 billion to $107 billion. For the first time since May 2017, the Ethereum price has fallen to the $80 region, deleting all of the gains recorded throughout the bull market of late last year. The Bitcoin Cash price […]
The two largest US regulators, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), are concerned about the possible negative consequences of the exit of Britain from the European Union, which may affect the global financial market. The SEC and CFTC called for the United Kingdom and the EU to ensure […]
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 slight bearish tendency. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
NZD/USD has been quite bearish recently after opening the market with a gap this week. The pair is trading lower below 0.69 with a daily close. Ahead of NFP reports, USD is currently quite indecisive whereas NZD is struggling for gains amid the recent economic reports. This may lead to downward momentum. Recently New Zealand […]
On October 30, the GBP/USD pair looked oversold around the lower limit of the H4 channel around 1.2700 where profitable BUY entries were suggested. A quick bullish movement was demonstrated towards the price level of 1.3170-1.3200 where another descending high around the depicted downtrend was established. This initiated the current bearish pullback towards the depicted […]
Tesla’s stock moved higher in recent sessions to touch a four-month high of 368.50. Meanwhile, the 50-day SMA crossed above the 200-day one marking a so-called “golden cross”, which is a bullish signal. That being said, the broader picture still appears to be sideways; a move above the August peaks of 387.00 is needed to […]
EURNZD created a strong negative rally over the last two months, after the pullback on the three-year high of 1.7925. Looking at the very short-term, the price has been moving higher since yesterday finding support on the 14-month low of 1.6330. However, the technical indicators are hovering in the bearish zone. The RSI is sloping marginally up below the neutral threshold of […]
European stocks rebounded from the worst day in more than two years and Asian shares posted modest gains as investors sought to end a bruising week on a more upbeat note. Signs of stress remained, however, as U.S. equity futures declined and Treasuries rose. The Stoxx Europe 600 Index, which on Thursday dropped the most […]
OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal, as Russia resisted the big output cut that Saudi Arabia was demanding. After six-hour meeting in Vienna, Saudi Energy Minister Khalid Al-Falih said he wasn’t confident of an agreement when the Organization of Petroleum Exporting […]
The US 30 index remains on the back foot, having crossed back below its 50- and 200-day simple moving averages (SMAs) in recent sessions. The price structure of lower highs on the daily chart suggests the bias is negative at the moment, but not clearly so, as the SMAs are converging; an indication the longer-term […]
Such a feeling that market participants looked only at ADP data on employment yesterday, which actually turned out to be worse than forecast and made far-reaching conclusions regarding the content of the report of the Ministry of Labor published today. The fact is that employment increased by 179 thousand while the forecast was 195 thousand, […]
GBPJPY has declined considerably after touching a two-month high of 149.50 at the beginning of November. In the short-term the price seems to be negative, while in the daily chart the pair remains in a sideways channel over the last three months with upper boundary the 149.50 resistance and lower boundary the 142.80 support. Technically, the RSI indicator is […]
The Australian dollar is actively cheaper for the fourth day in a row, having lost more than 150 points. Optimism about a possible truce between China and the United States has been replaced by pessimism about the growth of the Australian economy. The latest data on the growth of the country’s GDP disappointed traders , […]
According to the US Department of Energy, for the first time in 75 years, the country has acquired the status of net exporter of oil and oil products. Recall that a net exporter is called a state where more products, goods and services are exported abroad than it enters the country. In the United States, […]
US dollar edges up from lows as risk sentiment improves, but expectations that the Fed could soon pause its rate hike cycle limit gains US Treasury yields fall sharply on Wall Street Journal report that Fed is considering “wait-and-see” approach Pound steady despite May pondering whether to delay Brexit vote Oil under pressure again as […]
CADJPY completed a five-month low of 83.55 on Thursday and had a significant bearish rally in the preceding three days. The strong bearish sentiment has pushed the price to penetrate the long-term ascending trend line to the downside, shifting the positive outlook to a more negative one. Despite the latest pullback on price today, the technical indicators […]
Wave counting analysis: During the bidding on December 6, the GBP / USD pair added 50 bp, but remains within the framework of the construction of the proposed wave a of the new corrective set of waves. Wave and can complete its construction at any time. On December 11, a vote will be held in […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD pair gained several dozen points and thus remained within the framework of the construction of the proposed wave from the corrective trend section. The wave takes a very complex and unusual look. This is due to the expectation of a market […]
Gold price has made a new higher high yesterday but price is still stuck around the 38% Fibonacci retracement level. Price is challenging the short-term bullish channel. Trend remains bullish but a break below $1,220 would bring bears back in the game. Purple lines – bullish channel Green line – major trend line support Blue […]
EUR/USD continues to trade near the upper triangle boundary resistance at 1.1380-1.14. Short-term trend remains neutral as long as price remains inside the triangle pattern. Red lines – triangle pattern EUR/USD has resistance at 1.1380-1.14 and support at 1.12 on a daily chart. Shorter-term support is found at 1.1310. If this level is broken, we […]
USDCAD pierced a key resistance around 1.3385 on Thursday and spiked to a 1 ½-year high of 1.3443, deviating further above its moving averages which are positively sloped, a sign that the uptrend could continue. Momentum indicators are also in bullish territory, with the MACD crossing above its red signal line and the RSI fluctuating […]
Trading Plan 12/07/2018. The big picture: There is no clarity with the direction yet. Important news about the USA has been released – Fed Report “Beige Book” and ADP Employment Report for November. But so far the market has not received directions. Ahead, of course,- the vote of the EU-Britain agreement in the British Parliament […]
Large scale graphics: This year, the main vector of the price movement of gold sets the downward trend. The wave is not complete. In the recent months, the oncoming wave of correction has been developing in its framework. The estimated completion area is in the potential large-scale reversal zone. Forecast and recommendations: In the coming […]
Burning forecast 07.12.2018 EURUSD: Looking forward to breaking the range. Important news on the US — the Beige Book Fed Report and ADP Employment Report failed to give the market a momentum of sufficient strength to get out of range. Today, December 7, the Nonfarm payrolls report. We are waiting for the breakthrough of the […]
To open long positions on GBP/USD, it is required: The formation of a false breakout in the area of 1.2752, subject to the correction of the pair in the first half of the day, will be a signal to buy the pound, but the main task is to break through and consolidate above the resistance […]
To open long positions on EURUSD you need: All the attention of traders today will be focused on data on the GDP of the eurozone and the US labor market. The direction of the market will depend on them. For purchases, it is required to form a false breakout in the area of 1.1360, with […]
Morning Report: 07.00 London This morning, the dollar index has a positive bias ahead of today’s Non Farm Payrolls. The AUD/USD is dropping for its fifth straight day as investors weight up contagion from the Chinese economy and poor domestic economic data. The EUR/USD and GBP/USD are on the back foot, erasing a small part […]
