The US 500 index opened higher today as it posted a positive gap, surpassing the 50- and 200-simple moving averages in the daily chart. The index is set to complete the sixth green day in a row after the rebound on the long-term ascending trend line. Short-term oscillators support the bullish move. The RSI is standing […]
Markets hate uncertainty, and Brexit has it in abundance. That is why, despite the improvement of the political landscape, the British pound closes in the red zone for the third week in a row and lost about 3% against the US dollar. This is in terms of the pigeon rhetoric of Jerome Powell and the […]
To open long positions on EUR / USD pair, you need: Over the weekend, the United States and China made progress in trade negotiations, which led to the strengthening of the euro today in the Asian session. While trading is above support at 1.1346, the demand for EUR/USD pair will continue. Formation of a false […]
The big picture: The market is preparing a move. The Big 20 Summit was held and the United States and China agreed to stop the trade war for 60 days to hold talks,which is positive for the markets. A new week with headlines from the US, highlighting the most Important of ADP Employment Report and […]
Trading recommendations: According to the H1 time – frame, I found the upward breakout of the 6-hour balance, which is sign that buyers are in control today. I also found the rejection from the demand zone (blue shape), which is another sign that selling looks risky. My advice is to watch for buying opportunities. The […]
Recently, Gold has been trading sideways at the price of $1,225.00. According to the H4 time – frame, I have found the breakout of key resistance trendline in the background and potential end of the downward correction (abc flat), which is a sign that selling looks risky. I have also found confirmed inverted head and […]
This weekend, the biggest news came from Argentina. This is after Donald Trump and his Chinese counterpart agreed to halt the trade hostilities as the two countries negotiates a deal that will be mutually beneficial to the two countries. As a result of the deal, the US will not increase tariffs it initiated in the […]
On 24th November, XM had the privilege to sponsor one more exclusive gala dedicated to the investor community, namely the Investors’ Gala in London, England. The prestigious event offered a not-to-miss evening to guests on the premises of the inspiring ambience of 8 Northumberland Avenue in Central London, where all those present could indulge in […]
GBPAUD opened the day with a significant negative gap, reaching a new eleven-month low around 1.7250. The MACD is warning that further losses could follow up as the indicator keeps losing momentum below its red signal line, however with the RSI being ready to cross below 30 into oversold area, chances for a rebound are running high. A […]
Recently, the EUR/USD pair has been trading upwards during the Asian session. The price tested the level of 1.1379. Anyway, according to the M30 time – frame, I have found that rejection from the pivot resistance 1 at the price of 1.1375, which is a sign that buying looks risky. I also found the overbought […]
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1349. 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 […]
Overview: Pivot: 1.2829. The GBP/USD pair fell from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2850. On the H1 chart, the resistance is seen at the levels of 1.2890 and 1.3001. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2829 and 1.2725 […]
The U.S. and China have declared a truce in the trade war, and have agreed not to introduce new tariffs, and try to reach to an agreement in the next 90 days. As a result, the U.S. dollar has been languishing at lower levels while the stock markets have been rapidly climbing upwards. Shanghai’s stock […]
Stocks up, dollar down as trade fears ease French President Macron under political pressure but euro heads up Brexit risks loom in the background Oil surges as Russian President backs production cuts; Qatar to withdraw OPEC membership Stocks head higher on trade relief The US President, Donald Trump, and the Chinese leader, Xi Jinping […]
Forecast for December 3: Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1477, 1.1429, 1.1414, 1.1392, 1.1364, 1.1297, 1.1266, 1.1233 and 1.1206. Here, the price is close to the cancellation of the ascending structure of November 28, for which a breakdown of the […]
The price on Friday once again tested the support line 1.2735 (red bold line), but could not break through this level and went up. Today, the market, has been moving up. It will try to reach 13 average EMA – 1.2819 (yellow thin line). Today, strong calendar news is released at 12.30 and 18.00 Moscow […]
Gold has advanced considerably, jumping to a fresh one-month high of 1232 earlier today. The price successfully surpassed the moving averages, which are ready to post a bullish crossover in the 4-hour chart. Furthermore, the RSI indicator is approaching overbought territory, while the MACD oscillator climbed above the trigger line, both suggesting more gains. More […]
Trend analysis (Fig. 1). On Monday, it is possible to move up with the first goal 1.1370 – 21 average EMA (black thin line) and then 1.1403 – the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – […]
To open long positions on GBP / USD, you need: To open long positions on GBP / USD , you need: Buyers once again coped with the task of keeping the pair above 1.2730. At the moment, bulls need a breakthrough and consolidation above resistance 1.2804, which will lead to a larger upward correction and […]
EUR/USD got rejected at the upper trend line resistance of 1.14 on Friday and pulled back towards 1.13. Price is now bouncing back up again but so far we have no break out. Longer-term trend remains bearish. Short-term trend is neutral. Red line – major resistance Green line – major support EUR/USD is challenging Ichimoku […]
On Monday, the 3rd of December, the event calendar is quite rich in important data releases. During the London session, Switzerland will post Retail Sales data, the UK, Germany, France, Spain and the Eurozone will present PMI Manufacturing data. During the NY session, the US and Canada will present the manufacturing data as well. Moreover, […]
Morning Report: 07.00 London This morning, markets have woken up with a focus on the apparent dovish bias for the Fed for 2019, with the dollar index dropping lower from the open. These early moves are even more apparent on dollar pairs which have gapped lower at the open. The most impressive of these moves […]
EURUSD continues the negative tendency over the last eight months and has been stuck below the 20- and 40-day simple moving averages (SMAs). Looking at momentum indicators, the RSI is pointing slightly up but is below its neutral threshold of 50, while the MACD also remains in negative territory while moving above its red signal line. Should the pair experience more negative pressure, the market could meet […]
Gold price has made a pull back last week towards $1,217 but respected the recent low at $1,211 and is now challenging once again the recent highs and important short-term resistance at $1,230. Red rectangle – important short-term resistance Blue rectangle – major resistance Green line – trend line support As we repeated in our […]
According to an official statement, the University of Basel awarded an honorary doctorate to the co-founder of Ethereum, Vitalik Buterin. The Business and Economics Department of the oldest university in Switzerland awarded Buterin for “outstanding achievements in the field of cryptocurrencies, intelligent contracts, and institution design,” as the university noted in a recent tweet. The […]
XAU/USD is approaching its resistance at 1228.7 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1218.4 (61.8% Fibonacci retracement, horizontal swing high support). Stochastic (55, 5, 3) is approaching its resistance at 92% where a corresponding reversal is expected. XAU/USD is approaching […]
Morning Report: 07.00 London The dollar index is recovering its poise after a volatile week that saw mixed news around the FOMC. Comments from Powell implied a Dovish stance, while the latest FOMC minutes showed that a rate hike remains imminent. The AUD/USD is pulling back from the highs, with the pair peaking at just […]
On November 28, the price of Bitcoin (BTC) spiked from $3,771 to $4,355, by more than 15.4 percent. In less than 48 hours, the dominant cryptocurrency has fallen back down to $3,861, dropping below the $4,000 mark. Bitcoin recorded a 7-month high daily spike in value on Wednesday, leading traders to be optimistic about the […]
Wave pattern on the H4 chart: From mid-August, the gold price movement vector has changed to ascending. The rise of the course is expected at least to the calculated resistance. Wave pattern on the H1 chart: The last wave construction was the downward stretch of October 15. By mid-November, the wave was fully completed. Wave […]
The Federal Reserve led by chairman Jerome Powell does not please traders and investors at all at the end of this year. Either the recent statements by the US President Donald Trump influenced the Fed or the committee actually thought about the future growth prospects of the American economy, but the fact remains a fact. […]
