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 […]
EUR/USD Thursday, technically and ideologically, became a tipping point in market sentiment regarding Brexit. Pending the adoption by the British Parliament of the “May Project”, the dollar weakened visibly relative to major world currencies. Since Brexit is also important for Europe, the euro added 31 points. The growth is small, but it occurred at high […]
USD/JPY Yesterday, the Japanese yen lost 51 points amid the mixed closing of US stock indices (S&P 500 -0.15%, Nasdaq +0.42%). But today there is growth in all Asian markets; Nikkei 225 0.59%, China A50 0.15%, ID Composite 0.33%. Technically, the price is currently slightly higher than the opening level of the environment, which can […]
4-hour timeframe The amplitude of the last 5 days (high-low): 53p – 94p – 61p – 101p – 50p. Average amplitude for the last 5 days: 72p (86p). The EUR/USD currency pair on Thursday, December 6, in the first half of the day again showed a corrective upward movement, again weak and again within a […]
4-hour timeframe The amplitude of the last 5 days (high-low): 94p – 75p – 126p – 182p – 126p. Average amplitude for the last 5 days: 121p (118p). In the coming days, the British pound sterling may strongly “fever”. The fact is that the passions around Brexit continue to heat up. Theresa May’s rhetoric has […]
Since November 6, in exactly one month, the Bitcoin Cash price has dropped by 81.6 percent, from $638 to $117. Initially, in the first week of November, the price of Bitcoin Cash (BCH) had begun to rise as the anticipation towards a hard fork on November 15 increased. Because a contentious hard fork was expected […]
Next year, the Australian dollar will rise in price in relation to the namesake from the United States by 12%, predict Bank of America. Investment bank analysts recommend that traders consider buying an “Aussie”, which can bring good profits. The growth of the Australian dollar in a large American bank is associated with the establishment […]
Today, Brent crude quotes crashed to $ 58.40 a barrel, losing more than 5% of the cost. Futures for WTI crude oil also fell by about 5%, falling to around $ 50.23 a barrel. This dynamic was the result of the reaction of the markets to the meeting of OPEC representatives in Vienna. Saudi Arabian […]
Platinum falling inside impulse wave (v) Further losses are likely Platinum continue to fall after the earlier downward reversal from the key resistance level 810.00 (former support level, which was mentioned as the likely downward target in our earlier report for this instrument). The downward reversal from the resistance level 810.00 started active short–term impulse […]
USDCAD broke key resistance level 1.3390 Further gains are likely USDCAD today broke through the strong resistance level 1.3390 (which stopped the previous medium-term impulse wave (5) and the sharp daily uptrend in June – as can be seen from the daily chart below). The breakout of the resistance level 1.3390 should accelerate the active […]
Yesterday was an historic day for precious metal traders. This is because palladium passed gold to become the world’s most precious metal, a move that has not been seen in more than 15 years. The move came after a major rally in the price of palladium that started in October when its price reached a […]
AUDJPY posted hefty losses after rising to a five-month peak of 83.90 in early December, falling back below its 200-day simple moving average (SMA) to find support near its 50-day SMA. The pair is now trading at a one-month low, and the short-term bias seems to have shifted back to negative, though a decisive close […]
Silver has been consolidating since August 15 and has been stuck in a sideways channel. The neutral to bearish picture in the medium term looks to last for a while longer after prices failed to break above the upper channel in the preceding month. Resistance was met at around 14.90 region and significant support at […]
On December 11, the British parliamentarians will have to make a decision that can determine the scenario of the country’s withdrawal from the European Union. The question of whether the Brexit process will be controlled or not is still open. There may be several options for the development of events. 1. If the House of […]
The first news appeared on the OPEC meeting. The Minister of Energy of Saudi Arabia said that while an agreement has not been reached, since not all countries are ready to cut production. All possible solutions are being considered since it is important to agree on participation in a transaction with non-OPEC oil producers. The […]
World food prices in November fell to their lowest level in more than two years, helped by lower prices for vegetable oils, dairy products, and cereals, the UN said. The price index for food and agricultural products (FAO), which measures monthly changes in a basket of cereals, oilseeds, dairy products, meat, and sugar, averaged 160.8 […]
To open long positions on the GBP / USD pair, you need: The situation on the pound has not changed much. On the way, buyers formed a resistance level at 1.2752. Only a breakdown of which will signal a continuation of growth in the area of 1.2798, where I recommend taking profits. In the case […]
The completion of the Withdrawal Agreement between UK and EU negotiators was meant to signal the end of months of uncertainty, quell fears of a no-deal Brexit, and set the groundwork for talks on future relations. However, Prime Minister Theresa May’s hard-fought deal has come under heavy attack from all sides of the political spectrum […]
USDCHF has been struggling within a narrow range over the last couple of weeks in the very short term with upper band the 1.0000 level and lower band the 0.9910 support barrier. Additionally, the 20- and 40-simple moving averages (SMAs) are ready to post a bearish crossover, while the technical indicators are flattening. The short-term momentum turned to neutral […]
The last time US nonfarm payrolls were released, investors turned more positive that the Fed would raise interest rates at least twice next year as wages recorded their largest increase in 9 ½ -years and employment growth bounced back. This time, the jobs report comes on the heels of a less hawkish Fed, and the data are not expected to be […]
