BTCUSD is extending its losses and is currently trading not far above the 14-month low of 3490 hit on November 26. The price fell below the bearish cross between the 20- and 40-simple moving averages in the 4-hour chart. The stochastic oscillator is heading lower towards the oversold territory; however, the RSI indicator is turning slightly higher […]
Trading recommendations: According to the H1 time – frame, BTC has been trading downwards. As I expected, the price tested the level of $3.738. Most recently, I have found the rejection from the Ichimoku cloud (resistance), which is a sign that sellers are in control. I also found that BTC is trading below the resistance […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2736. According to the M15 time – frame, I found out that price is trading above the Ichimoku cloud and above Kijun- sen and Tenkan-sen, which is a sign that buyers are in control. I also found on the point and figure chart […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1318. Anyway, according to the H1 time – frame, I found rejection of the yesterday’s low at the price of 1.1318, which is a sign that sellers don’t have power for further downward continuation. I also found a hidden bullish divergence […]
The Chinese oil giant Unipec plans to resume deliveries of American oil to China by March, after the leaders of the two powers, the United States and China, were able to reach preliminary agreements at the G20 summit, according to three sources. Sources said that Unipec – a commercial unit of the state-owned refinery Sinopec […]
Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori. The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he […]
EURJPY has been developing within a sideways channel over the last month, with upper boundary the 129.28 resistance barrier, and lower boundary the 127.60 support level. Currently, the price bounced off the 23.6% Fibonacci retracement level of the downleg from 133.10 to 126.60, around 128.15. Technically, in the 4-hour chart, the RSI indicator is moving slightly higher below […]
Japan 225 stock index peaked at 22,778 on Monday, the highest since mid-October but on Tuesday the market faced severe pressure, dropping straight down to an almost two-week low of 21,568 and back below the 200-period simple moving average (SMA) on the four-hour chart. Today the index is in recovery as the recent sell-off appeared overstretched according […]
GBP/USD has been quite volatile and corrective while pushing lower gradually towards 1.2700 area with a daily close. GBP has been weighed down by the Brexit nerves. Despite upbeat economic reports from the UK, GBP is struggling to gain momentum over USD ahead of NFP and the highly probable rate hike in the coming days. […]
Waves, a token platform with the web developer generation in mind, has seen its base token rise nearly 50 percent over the last 24 hours amid a generally-stagnant crypto market, making analysts scratch their heads – what could be driving this? Aside from the normal hustle and flow of cryptocurrencies gaining wider adoption, we think […]
The United States delivered Russia a 60-day ultimatum on Tuesday to come clean about what Washington says is a violation of a arms control treaty that keeps missiles out of Europe, saying only Moscow could save the pact. NATO allies led by Germany pressed U.S. Secretary of State Mike Pompeo at a meeting in Brussels […]
Trump’s trade posturing sinks stock markets Bank of Canada to stand pat (1500 GMT), but may appear a touch more cautious Dollar rebounds after Fed’s Williams reiterates “gradual hikes” Sterling remains turbulent as Parliamentary debate kicks off Equities sink on Trump’s trade posturing Wall Street plunged, with the S&P 500 falling by a whopping 3.24% […]
Wave counting analysis: During the trading session on December 4, the GBP / USD pair lost only about 10 bp, but broke through the minima of the two previous downward waves, thereby indicating readiness to continue the decline. Thus, the current wave pattern has undergone certain changes and has acquired a rather complicated look. The […]
Morning Report: 07.00 London The US dollar is recovering after US stock markets retreated last night. The US dollar index is higher this morning, forcing dollar pairs on the back foot. The biggest loser is the AUD/USD which has closed Monday’s opening gap with heavy selling this morning following a big GDP miss. The AUD/JPY […]
AUDUSD reached overbought levels according to the RSI and reversed lower just before touching the 200-day simple moving average (SMA) on the daily chart, creating a new peak at 0.7392, a four-month high. While the aforementioned technical indicator continues to slow down, mirroring the market’s bearish behavior over the past three days, the indicator is still moving in […]
Burning forecast 05.12.2018 EURUSD: a turn in the direction of the dollar. On Tuesday, the market made a sharp turn in the direction of the dollar: in the morning, the breakout to the top of the important level of 1.1405 – but then a sharp turn and a strong fall to 1.1320 At the moment, […]
Trading plan 05.12.2018 The overall picture: a Strong drop in the US market puzzled investors. On Tuesday, the US stock indices showed a sharp decline – -3% on the Dow and S&P 500 – this is a lot for a daily fall for the US market. There were no serious reasons for the fall – […]
4-hour timeframe The amplitude of the last 5 days (high-low): 67p – 121p – 53p – 94p – 61p. Average amplitude for the last 5 days: 79p (79p). The EUR/USD currency pair on Tuesday, November 4, shows an upward movement. There is only one reason for this. The representative of the European Court of Justice, […]
One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest-rate hikes continuing next year since the U.S. economy is “in really good shape,” reinforcing the Fed’s upbeat tone in the face of growing doubts in financial markets. Even as New York Fed President John Williams told reporters he expects the […]
After both the manufacturing and construction PMIs beat expectations in November, the services PMI, due out of the UK on Wednesday at 09:30 GMT, will be eyed to complete the hat-trick. However, even if the more dominant services PMI does not disappoint and points to stronger economic activity in November, traders are unlikely to cut […]
Bitcoin has been quite impulsive amid the recent bullish momentum after a decline towards $3,700. The price is currently residing above $4,000 and inside the Kumo Cloud resistance below 200 EMA, whereas the dynamic levels such as 20 EMA, Tenkan, and Kijun line are supporting the price for a further climb. The Chikou Span has […]
USD/JPY has been quite impressive amid the impulsive bearish pressure today which pushed the price below 113.00 area. Despite mixed economic reports from Japan, JPY managed to gain momentum over USD ahead of high impact events like NFP and Rate Hike in the coming days. USD started the week with severe weakness against JPY. Thus, […]
The EUR / USD trend movement Minor (Daily) Euro vs US Dollar Previous review from 11/16/2018 16:18 UTC + 3. ____________________ The trend for the development of the single European currency pair in December 2018 will depend on the direction of the range breakdown : -> resistance level 1.1405 (upper limit of 1/2 Median Line […]
On September 21, the GBP/USD pair failed to demonstrate sufficient bullish momentum above 1.3296. Since then, the short-term outlook turned to become bearish under the depicted daily downtrend. On H4 chart, the GBP/USD pair looked oversold around the price levels of 1.2700 where profitable BUY entries were suggested. A quick bullish movement was demonstrated towards […]
AUDJPY reversed from resistance area Further losses are likely AUDJPY recently reversed down from the resistance area lying between the key resistance level 83.8 (lower boundary of the resistance area which has been reversing the price from March) and the upper weekly Bollinger Band. The downward reversal form this resistance area stopped the earlier short–term […]
Silver reversed from key support area Further gains are likely Silver recently reversed up from the key support area lying at the intersection of the long-term support level 13.90 (which has been reversing the price from the end of 2015) and the lower weekly Bollinger Band. The upward reversal form this support area stopped the […]
USD/CAD has broken the major trend line support and we look to sell at 1.3246 (break out of ascending trend line support and horizontal overlap support) for a reversal to at least 1.3068 profit target (horizontal swing low support, 50% Fibonacci retracement). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals […]
GOLD PRICES rose to $1240 per ounce in London trade Tuesday, challenging 4-month highs even as the US Dollar rose amid a retreat in ‘risk’ assets led by equities. Silver rose to 4-week highs above $14.60 and palladium jumped to $1232 per ounce – a new record high in Dollar terms and nearing parity […]
Earlier this year, with the bitcoin price trading around $7,000, Santa Clara University Professor of Finance Atulya Sarin published an opinion piece arguing that the rising cost of crypto mining, coupled with the ability for bearish investors to short bitcoin in the futures markets, could spell doom for the flagship cryptocurrency. Now, following a further […]
USDTRY strengthened sharply today, climbing to a new two-week high, around 5.3653, extending its run from the pullback on 5.1330. The bullish picture in the very short-term is further supported by the RSI, which is rising above the 50 level and the stochastic oscillator hovers in the overbought territory. Also, the price advances above the 20- […]
