+ 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 […]
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 […]
GOLD PRICES held firm in all major currencies Thursday morning in London, supporting gold ETF trust-fund share prices as world stock markets sank on fresh worries over the inverted US yield curve and worsening US-China tensions. European equities extended a sharp drop in Asian stocks – taking Germany’s Dax index 15% lower for 2019 […]
Canada’s latest employment figures will hit the markets on Friday, at 1330 GMT. Forecasts and gauges of the labor market point to another solid report, which may help the loonie recover some of its latest losses. In the bigger picture though, the direction of oil prices following the OPEC decision later today may prove even […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1337. According to the M30 time – frame, I found out that price is trapped in the trading range, whic is a sign of indecision. Anyway, on the point and figure chart I found a triangle pattern in progress. Watch for a breakout […]
The dollar and the yen found a reason for growth, it turned out to be the arrest of top managers of the Chinese technology giant Huawei in Canada. This caused new concerns about the trade war between the United States and China. Just a day ago, the dollar was under pressure because of concerns about […]
The Canadian dollar has lost its foothold and weakens throughout the market. Paired with the American currency, the Canadian fell to a one-and-a-half year high, testing at the moment which is already at the 34th figure. Moreover, considering the fundamental and technical picture of the USD/CAD pair, it can be assumed that the potential of […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2741. According to the M15 time – frame, I found out that price is trading above the Ichimoku cloud and above Kijun- sen, Tenkan-sen and pivot (1.2733), which is a sign that buyers are in control. I also found on the point and […]
AUD/JPY is currently residing below 82.00 area amid the impulsive bearish pressure which pushed the price lower after a bounce off the 84.00 area with a daily close. AUD has been hurt by some sour data. Thus, AUD has lost in value a lot. Japan is trying to bring back stability to its financial sector […]
Bitcoin is still quite volatile while pushing lower with certain pullbacks in the process. The price has recently formed a Bullish Divergence which might lead to certain bullish pressure. However, the probability will only increase as the price trades firmly above $4,000 and the dynamic level of 200 EMA resistance along with Kumo Cloud resistance […]
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 […]
According to the report of the Federal Reserve System (FRS) of the USA, presented in the Beige Book, the state of the American economy is not critical, but shows clear signs of a slowdown. This is another negative signal for the markets, experts emphasize. According to the Fed, the growth of the US economy remains, […]
In celebration of four consecutive years of successful business presence in Thailand, XM hosted the annual gala in Bangkok on 1st December, a festive event organized to honour our strong bonds we have developed with our Thai clients throughout the years. The gala evening, which took place at Centara Grand & Bangkok Convention Centre at […]
Microsoft stock price moved lower on Tuesday, hitting the 50-day simple moving average, after finding resistance on the 112.90 hurdle. Looking at the momentum indicators, the RSI is edging lower, slightly above its neutral threshold of 50, while the stochastic is falling and created a bearish crossover within the %K and %D lines in the […]
USD/CAD has been non-volatile and impulsive amid the bullish pressure, leading the price above 1.3350 with a daily close. Ahead of a widely expected rate hike by the Federal Reserve, Powell’s speech, and NFP this week, USD has been dominating CAD consistently which may lead to certain bearish intervention in the coming days. Despite some […]
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1330. The resistance is seen at the level of 1.1338 and 1.1390. Moreover, the price area of 1.1390/1.1338 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD pair will move downside and the […]
AUD/USD has been impulsive amid the bearish pressure which is leading the price towards 0.7150 support area. AUD has been hurt by recent economic reports. On the other hand, USD finds suport from the strong likelihood of a rate hike by the Federal Reserve. As a result, the pair has gain impulsive bearish momentum. Yesterday […]
Large scale graphics: Since February of this year, the wave of the main trend is moving down. However, the recoil less potential of the movement has been exhausted. From powerful support towards the opposite structure is formed, there’s at least a correction. Medium scale graphics: A month ago, the bear wave started actively. The high […]
Experts of Bank of America (BofA) believe that next year the dollar may become noticeably cheaper against the euro and the yen. “After the interest rate of the Fed reaches 3.5%, cash will become a more profitable asset than securities,” representatives of the financial institute said. “It is expected that by the end of 2019, […]
NZDUSD has been underperforming in the past days, drifting lower from the five-month high of 0.6968 and below the 20- and 40-simple moving averages in the 4-hour chart. In the short term, technical indicarors point to more weakness, with the RSI dropping to bearish territory below 50 and the MACD losing further ground below the […]
Yesterday can be described as a meaningless fuss, because against the background of throwing the pound and the euro from side to side, in the end, all remained with their own. In part, this result is caused by the mourning day in the United States on the occasion of the funeral of George Bush Sr., […]
On Wednesday, panic sales in global stock markets continued. Despite the fact that in the US markets were closed due to mourning, S & P500 futures fell by more than 2%, while the European stock indices lost an average of 1 to 2%. Therefore, the decline in government bond yields intensified. The negative was reinforced […]
Trend analysis (Fig. 1). On Thursday, the downward movement with the first goal of 1.2658 is the lower fractal. However, much will depend on the news. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – up; – trend analysis – […]
On Thursday, the 6th of December, the macro calendar is rich in important data releases, so the global investors should keep an eye on German Factory Orders data, ADP Non-Farm Employment Change data form the US, Housing Starts and Trade Balance data from Canada and ISM Non-Manufacturing data form the US. There are speeches scheduled […]
Chinese markets and futures for S&P500 has started trading on Thursday with a falling by about 2% after reports that Canada arrested CFO of Huawei, Chinese IT giant, with intention of extraditing her in the United States. This news sparked fears of a new spiral of tightening rhetoric between the world’s largest economies, returning the […]
Risk appetite crumbles as US arrests Huawei CFO, generating worries of re-escalation in the trade conflict Today, all eyes are on OPEC’s meeting (1200 GMT); expectations for a production cut are elevated Loonie nosedives to a 1½-year low as BoC shifts to a more cautious stance Risk appetite falters on fears of “trade war” re-escalation […]
Trend analysis (Fig. 1). On Thursday, a downward movement is possible with the first goal which is channel 1.1301 (lower fractal) – 1.1301 historical support level (blue dashed line). Moreover, breaking this channel down is unlikely. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – […]
To open long positions on GBP/USD you need: The sharp rise in the pound is replaced by a fall. It has long been a familiar scenario for us. At present, a breakthrough of resistance at 1.2732 will be a signal to buy the pound with a close to yesterday’s high of 1.2795, where I recommend […]
To open long positions on EURUSD you need: Volatility is gradually decreasing, and investor uncertainty is growing due to concerns about trade policy, budget deficits, and rising US interest rates. The eurozone economy also does not show decent results, which pushes investors away from euro purchases. Buyers of the European currency today can only rely […]
USDJPY seems to be moving within a symmetrical triangle in the daily chart, creating lower highs and higher lows. In the short term, momentum indicators suggest that the bias is neutral to bearish as the RSI hovers marginally below its neutral threshold of 50, while the MACD has already crossed below its red signal line […]
