The movement of last week was of a downward character, which made it possible to implement a bearish medium-term model. The priority at the beginning of this week is the fall, which allows you to hold sales. In the second half of last week, growth led to the NKZ 1/2 test 0.7270-0.7264, which made it […]
The movement of last week was a reversal which allows you to keep sales open in the second half of the week. The first goal of the decline will be the weekly short-term stop 1.1288-1.1270, wherein the test of which will allow you to close a part of a short position. Friday’s fall exceeded the […]
GBP / USD The trading volume on the British pound on Friday was the smallest in the last 3 months. Under the general pressure of the dollar (USDH 0.46%) and in anticipation of the decision of the EU emergency meeting on Brexit, the pound lost 64 points. On Sunday, the EU countries unanimously adopted the […]
When the European market opens, some economic data will be released such as German Ifo Business Climate, and ECB Financial Stability Review. The US will not publish any economic data today, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]
In Asia, Japan will release the Flash Manufacturing PMI, while the US will not publish any economic data today. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.54. Resistance. 2: 113.32. Resistance. 1: 113.09. Support. 1: 112.83. […]
In the past seven days, the crypto market has experienced a drop of more than $63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $4.300 to $3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase […]
GOLD and SILVER prices held near 2-week highs against most major currencies on Thursday but platinum slipped back, trading down to $847 per ounce as European stock markets erased yesterday’s rally to fall back towards 2-year lows. With gold prices at $1228 as US markets stayed shut for Thanksgiving, bullion in Euro terms held […]
In the last 24 hours, more than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around […]
In the past two weeks, investors have been paying close attention to the United Kingdom. This is after the UK and the EU reached a preliminary agreement on Brexit. This came after a prolonged period of negotiations between the two parties. After the deal was announced, May’s cabinet saw a number of resignations including that […]
While Americans cut a festive turkey on the occasion of Thanksgiving, events of a truly epic scale unfolded in Europe. The main news was the message that the United Kingdom and the European Union signed, in fact, an agreement of intent regarding the withdrawal of the United Kingdom from a European Union. Although the paper […]
To open long positions on the GBP / USD pair, you need: Pound buyers failed to continue yesterday’s upward trend, having not consolidated above 1.12880 in the first half of the day, which led to a decrease in the pound. Only the formation of a false breakout in the support area of 1.2835 will be […]
To open long positions on EUR / USD pair, you need: Buyers failed to cope with the resistance of 1.1424 in the first half of the day, which led to the expected downward correction of the euro and, quite likely, to the resumption of the downward trend. In the current situation, it is best to […]
Brent Crude Oil falling inside sharp impulse wave 5 Further losses are likely Brent Crude Oil continues to fall in the sharp short-term impulse wave 5 – which belongs to wave (C) of the strong extended downward ABC correction ② from the start of October. The price today broke through the key support level 61.70 […]
AUDJPY reversed from key resistance area Further losses are likely AUDJPY recently reversed down twice from the combined resistance area lying between the key resistance level 82.40 (monthly high from September and October), 200-day moving average and the upper daily Bollinger Band. The latest reversal from the aforementioned resistance area created the daily Japanese candlesticks […]
Tesla’s stock continues to trade in a relatively sideways manner, showing no clear trending structure on the daily chart. Enhancing this neutral view, the 200-day simple moving average (SMA) has flatlined, indicating the absence of a strong directional bias. Short-term oscillators, though, suggest a pullback may be looming. The RSI is pointing lower and looks […]
European and world leaders’ summits preceding and concluding the upcoming week will be the most closely watched events as the market tone will be tied to how much progress is made with Brexit arrangements and in easing Sino-US trade tensions. The Federal Reserve will also be attracting plenty of attention as several policymakers, including Chairman […]
Wave pattern on the H4 chart: The rising wave of August 16 sets the direction of price movement and has not yet been completed. Wave pattern on the H1 chart: The downward stretch of October 15 in the larger wave of H4 took the place of correction (B). The wave is fully formed. Wave pattern […]
Trading Plan 11/23/2018 On Thursday, the pound showed strong growth on the message that the EU and Britain reached an agreement on relations after Brexit and even signed a declaration. This is the great success of British Prime Minister Theresa May and now her chances of reaching an agreement on her own terms have increased […]
Trend analysis (Fig. 1). On Friday, the price will move up with the first target of 1.2910 on 21 average of EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis is neutral; – trend analysis – up; […]
The euro fell by almost half a percentage point on Friday after the publication of data that showed that economic growth in the region may slow down. Against the euro plays a decline in business activity in the eurozone. In addition, the fall accelerates the ongoing trade war. The growth of the private sector in […]
Brent oil continues its decline, resuming the “bearish” trend and losing 3.5% of its value. Commodity asset quotes fell to $ 60.30 a barrel for the first time since November 2017. In just a week, Brent fell by 9%. The cost of WTI crude oil lost 4.16%, falling to $ 52.34 a barrel. Analysts expect […]
The US 30 index is moving lower, approaching again the ascending trend line, which has been holding since February 2. Also, the index dropped below the 50- and 200-simple moving averages (SMAs) in the daily timeframe, while the momentum indicators are supportive of the bearish structure. The MACD oscillator has dived below the trigger line […]
Dear colleagues. For the currency pair Euro / Dollar, we expect the movement to the level of 1.1315. For the currency pair Pound / Dollar, the price has issued a local structure for the top of November 21. For the Dollar / Franc currency pair, the expressed initial conditions for the top, we expect to […]
On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook turned to become bearish to test the backside of the broken uptrend. 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 […]
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 movement is maintained within the depicted daily movement channel. On November 13, the EUR/USD demonstrated […]
NZDJPY retreated after touching a five-month high of 77.70 last week. Still, the pair’s remarkable recovery after coming close to more than two-year lows in early October remains largely intact. The Tenkan- and Kijun-sen lines are positively aligned in support of a bullish bias in the short term. However, notice that the two have flatlined, indicating […]
London Gas oil futures have been underperforming in the past six days, breaking below the 38.2% Fibonacci retracement level of the upleg from 352.63 to 751.00, around the 600.00 handle, recording a fresh eight-month low of 584.50. Momentum indicators are endorsing the sharp bearish movement as the MACD is strengthening its negative momentum in the […]
Traders who are not afraid of a collapse in emerging markets, unexpectedly were rewarded this month, reports Bloomberg. In November, the index, calculated by the agency and reflecting the return on the carry-trade operations with the currencies of eight developing countries against the dollar, rose by 3.2%. “Carry traders buying high-yielding currencies of developing countries […]
Oil prices declined for the second day in a row on Friday, hitting their lowest level in almost one year on the back of concerns over an increase in global supply and a slowdown in economic growth. Brent, the international benchmark, was down as much as 1.7 per cent at $61.52 in early morning trading […]
The great cryptocurrency crash of 2018 is heading for its worst week yet. Bitcoin sank toward $4,000 and most of its peers tumbled on Friday, extending the Bloomberg Galaxy Crypto Index’s decline since Nov. 16 to 23 percent. That’s the worst weekly slump since crypto-mania peaked in early January. After an epic rally last year […]
