Recently, Gold has been trading upwards. The price tested the level of $1,249.00. According to the H4 time – frame, I found that there is the breakout of the bullish flag pattern (bullish), which is a sign that buyers are in control. I also found the successful rejection of the support (lower diagonal of the […]
Although inflation in Europe slowed from 2.2% to 1.9%, while waiting for a decline of only 2.0%, which showed a preliminary estimate, the single European currency could even strengthen. This is largely due to concerns about the upcoming meeting of the Federal Commission on Open Market Operations, the results of which will be announced tomorrow […]
Overview: The USD/CHF pair continue to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, the price is moving in a bullish channel now. There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 1.0142 or […]
Brexit’s topic has left the front pages of European and British publications, but the foreign exchange market closely monitors the development of events on this issue. After a series of unsuccessful attempts to find a compromise, the parties dispersed “at the corners of the ring”, apparently – until the middle of January next year. Nevertheless, […]
Over the past 24 hours, Bitcoin adds more than 8% and trades around $3,500, showing the strongest rebound in the latest 3 weeks. Along with the growth of the BTC price, trading volumes are also growing, which confirms the serious mood of buyers. Together with the benchmark cryptocurrency, as always, the entire altcoin market has […]
Overview: The AUD/USD pair continues to trade upwards from the level of 0.7185. The pair rose from the level of 0.7185 to a top around 0.7299 but it rebounded to set around the spot of 0.7212 and 0.7249 . Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 […]
The Fed will announce its policy decision on Wednesday, at 1900 GMT. Markets seem positioned for a “dovish hike”, where the Fed raises rates but lowers its rate-path forecasts and strikes a cautious tone. However, considering just how dovish market pricing for 2019 is, the risks surrounding the dollar seem to be asymmetric, and skewed […]
Canadian inflation figures will hit the markets on Wednesday at 1330 GMT as well as retail sales and GDP numbers that are scheduled to be released on Friday at 1330 GMT. On December 5, the Bank of Canada (BOC) left its benchmark interest rate unchanged at 1.75%, after raising it by 25bps in the preceding meeting as was widely expected. It remained […]
Large-scale graph: Price fluctuations of the cross from April are consistent with the algorithm of the last ascending wave. The formed standard plane has entered the final phase. Medium-scale graph: The rising wave of November 13 gave rise to the final part of the model senior timeframe. A large scale resistance zone has been reached […]
To open long positions on the GBP / USD pair, you need: News that British Prime Minister Theresa May postponed the Brexit vote the following year did not hurt much the pound, which regained its position yesterday against the US dollar. To continue the upward trend, buyers need a breakthrough and consolidation above the resistance […]
GOLD BULLION briefly broke above $1250 per ounce for the second time in 5 months Tuesday morning in London, while the US Dollar fell and world stock markets extended their slump ahead of tomorrow’s widely-expected interest-rate hike from the Federal Reserve. With the Fed’s 2-day meeting starting today, and with New York’s S&P500 index now […]
Teen crypto star Erik Finman has said Bitcoin (BTC) “may have a bull market or two left in it,” but that “long-term, it’s dead,” in an interview with financial news site MarketWatch on Dec. 17. Finman is famous for his precocious investment in Bitcoin back in 2011, when he reportedly bought in — at the […]
Large-scale graphics: The general vector of the price movement of the pair from February of the current year is directed upwards. The last wave of the scale H4 forms the final part of the ascending model. Medium scale graphics: From November 13, the price forms a downward wave. Its structure to the current moment looks […]
Wave counting analysis: During the December 17 trading session, the GBP / USD currency pair added a total of about 15 basis points. Thus, wave 5, a, continues to be considered complete. If this is true, then the increase in quotations will continue with targets located near the levels of 100.0% and 76.4% Fibonacci. This […]
Wave counting analysis: During the Monday trading, the EUR / USD currency pair gained about 45 basis points. Thus, the pair remains within the framework of the construction of the supposed wave from the corrective part of the trend, since the wave b was not broken at least. The whole wave takes a very complex […]
EUR/JPY has been corrective itself inside the range between 127.50 to 130.00 area for a few weeks now which is expected to lead to certain bearish pressure in the coming days. Despite downbeat GDP data from Japan, JPY has recently managed to gain certain momentum over EUR which indicates weakness of EUR. Earlier EUR has […]
Asian markets followed Wall Street and continued their declines with repeated concerns about slowing growth. After a strong sell-off in the US (SP500 down -2.08%), the Asian stock market saw no other option but to connect to pessimism. Chinese Shanghai Composite falls 0.76%, and Japanese Nikkei has decreased by 1.82%. In the currency market, an […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The junior linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 46.7664 The GBP / USD currency pair has once again adjusted to the moving average line, but the bulls are still not strong enough to overcome it. The […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The junior linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 6.4182 The currency pair EUR / USD on Tuesday, December 18, corrected to the moving average line and Murray’s level of “2/8” – 1.1353, but could not overcome […]
GBP/USD is currently trading sideways with higher volatility at the edge of 1.2600 area from where the price is expected to push lower in the coming days. The pair is very sensitive to the BREXIT deal developments and the FED’s Rate Hike decision this week. In this context, certain volatility is expected in this pair […]
Key US indices lost more than 2% on Monday, so the S&P500 closed at the lowest levels since November. It is also worth to note the sales prevalence in the last few hours of the American session: with rare exceptions, we have seen such a dynamic since previous month. Primarily, this is due to a […]
Trend analysis (Fig. 1). On Tuesday, a downward movement is possible with a technique with the first goal 1.1307 – a historical support level (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis is neutral; – trend analysis […]
Gold price bounced as expected from 38% Fibonacci retracement level. The price is now challenging the recent highs and could provide one more new higher high towards $1,260 if we manage to break above the resistance at $1,250.50. Red rectangles – resistance areas Green rectangle – major short-term support Blue rectangle- target if green rectangle […]
The S & P 500 broad market index lost 2.08% on Monday, updating the 12-month low. Despite the fact that the Fed’s plans to raise the rate at the last meeting this year were known in advance, investors see no chance of maintaining high economic growth next year. The main stated goal of the Fed’s […]
GBP / USD pair After yesterday’s, albeit insignificant price increase, price convergence opened with the Marlin oscillator on the daily chart. It opens up the prospect of price movement to the resistance of the price channel line of 1.2732 and to the resistance of the MACD line at 1.2900. For such a strong movement, good […]
WTI futures plummeted to a fresh 15-month low during yesterday’s session, challenging the 48.50 level. The price exited from the narrow range that was holding in the preceding three weeks, continuing the strong downside structure in the short to medium term. Currently, the price remains below the 20- and 40-simple moving averages (SMAs) and the technical […]
Risk sentiment in dire straits; US stocks close at fresh lows, yen shines Dollar drops as Fed rate-hike expectations fade even further Kiwi buoyant after New Zealand’s business sentiment recovers S&P 500 closes at 14-month low as fear dominates greed Risk sentiment remained sour to start the week, in the absence of any clear catalyst, […]
Morning Report: 07.00 London The dollar index remains weak as traders weigh up Trumps latest attack on the Fed ahead of a likely 0.25% rate hike this week. The dollar is down for the second day this week, helping the dollar pairs to lift higher. The AUD/USD is recovering, with the 0.7170 level acting as […]
GBPUSD has rebounded somewhat after falling to a 20-month low of 1.2475 on December 12 and momentum indicators are endorsing that the market sentiment might get better and create some gains in the daily timeframe. The RSI indicator is sloping slightly up in the negative territory, while the MACD oscillator is also looking to change […]
USD/JPY has been quite impulsive with the recent bearish momentum in the pair while residing between the price range of 111.50 to 114.50 area. Ahead of the federal funds rate decision, the FOMC Statement and the BOJ Policy Rate to be published this week, USD is expected to regain impulsive momentum against JPY in the […]
