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- […]
Last weekend, on the margins of the G-20 summit, the leaders of the United States and Celestial Empire agreed to pause a trade war, at least until the end of the first quarter of next year. It is assumed that the parties use a 90-day truce to form and conclude a trade agreement. According to […]
The British pound today recovered from its monthly lows, where it was due to the risks associated with Brexit. The pound rose after the representative of the European Court stated that the UK could cancel the decision on Brexit without the consent of other EU countries. The conclusion of the European Court will be given […]
To open long positions on GBP / USD pair, you need: News that the UK may cancel the decision on Brexit without the consent of other EU countries, led to an increase in the pound in the morning. However, as we can see on the graph, it is not yet possible to cope with the […]
The worst monthly dynamics over the past decade has changed for oil, the best two-day increase since June, thanks to friendship. Warm meeting of Mohammed bin Salman and Vladimir Putin, as well as a joint dinner of Donald Trump and Xi Jinping at the G20 summit in Buenos Aires, inspire hope for solving several problems […]
Bitcoin is hanging around the $4,000 level, not daring to choose any particular direction. It seems that investors feel that the benchmark cryptocurrency has not really reached the bottom yet and they are still waiting for the appearance of a strong impulse. However, BTC/USD has been able to avoid re-testing the level of $3,500, what […]
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil rose $1.55 or 2.5 percent to a high of $63.24. U.S. light crude was $1.25 higher at $54.20. Both benchmarks climbed around 4 percent on […]
Google (Alphabet) stock price has fallen sharply from the one-month high of 1122, reached earlier on Monday, after the bullish gap. However, the technical indicators are still endorsing the positive view. The MACD oscillator is strengthening its momentum above the trigger line but is below the zero line, while the RSI indicator is heading north above […]
For the third time now, XM was proud to attend the annual financial exhibition World of Trading in Frankfurt, Germany, organized on 23rd and 24th this November. The two-day event series, which took place at Forum Messe Frankfurt with the participation of numerous financial and banking institutions from Europe and overseas, attracted many hundreds of […]
On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations are maintained within the depicted daily movement channel. On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the lower limit of the channel as well as the depicted demand zone came to meet the […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2839. According to the M30 time – frame, I found that GBP/USD is trading above the pivot resistance 1, which is a sign that the pair is gaining momentum. My advice is to watch for buying opportunities. The upward target is […]
EUR/USD has been quite volatile and corrective while residing inside the corrective range of 1.1200 to 1.1500 area for a few days in a row. Despite the strong likelihood of a rate hike by the Federal Reserve and persistent standoff between Italy and the EU, EUR managed to gain and sustain certain momentum, leading to […]
Italian Prime Minister Giuseppe Conte said that the authorities will submit to the European Union a new draft state budget for 2019 to replace the draft previously rejected twice by the European Commission. The main goal of the Italian government J. Conte called the prevention of sanctions against Italy, which will inevitably harm not only […]
EURGBP has had a strong bearish rally this morning after the bounce off the 0.8940 resistance level. Neutral to negative risks remain in the background as the RSI decreases momentum to the downside in the positive region, while the %K line of the stochastic oscillator turned lower and is ready to create a bearish cross […]
Gasoline futures (for December delivery) managed to violate to the upside the 50-period simple moving average (SMA) on the four-hour chart yesterday, for the first time since early November, recovering some of its longer-term losses following the fall from 751.50. Today the pair jumped well into the Ichimoku cloud to touch two-week highs at 599.38, a sign that buying interest might continue to […]
We would like to inform you that the United States will observe a National Day of Mourning to honor the former US president George H.W. Bush on Wednesday 5th December. The trading hours of various instruments will be affected on that day. Please view the tables below to see which instruments will be affected and […]
Trading recommendations: According to the H1 time – frame, BTC has been trading sideways at the price of $3.900. Anyway, I found that BTC is still in the short – term downward trend. The price is trading below the Ichimoku and below the supply trendline in the background, which is another sign of the short-term […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1418. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and that price did breakout of the resistance cluster in the background, which is a sign that buyers are in control. I also […]
