The European currency continues to attempt to strengthen in tandem with the US dollar. Yesterday’s data on inflation in the United States did not lead to significant changes in the market, as they coincided with the forecasts of economists. According to a report by the US Department of Labor, CPI in October of this year […]
Something unbelievable happened to the pound yesterday, and the reason lies solely in the statements regarding Brexit. At first, the pound continued to grow amid expectations of signing an agreement between the UK and the European Union, which the cabinet did. Then it rushed down as due to inflation data, which showed its invariance instead […]
Burning forecast 15.11.2018 EUR USD: Preparing to move. The us inflation report on Wednesday did not support the dollar. A large package of data on the US will be released on Thursday at 12.30 – possible increase in volatility The downward movement of the euro is broken – but the upward trend is not yet […]
Wave pattern graphics H 4: On the cross-country graph, the rising wave of August 15 is nearing completion. In the structure of the larger D1 wave, this section does not go beyond the correction. Wave pattern graphics H1: Since October 26, the rising wave develops. It became the final model of the H4. The structure […]
The optimistic statements by the Prime Minister of Great Britain T. May, that an agreement could be reached on the country’s withdrawal from the EU, once again inspired the markets and pushed up the rates of sterling and the single currency, which in recent days have significantly sagged against the US dollar. The Brexit theme […]
AUD/JPY has been quite impressive with the recent non-volatile and impulsive bullish pressure which led the price higher toward 82.00 with a daily close. The positive reports on Australia’s labor market helped the currency to gain momentum over JPY which has been struggling due to lackluster economic data. AUD has showing predictable dynamic amid better-than-expected […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – sideways. CCI: 53.0811 The currency pair GBP / USD on Thursday, November 15, resumed its upward movement after a “storm” environment. During the past day, the pair was thrown from […]
Exchange index in Shanghai gains 1.2% with a sentiment based on Reuters reports that China sent a response to US demands for trade reform, but did not provide further details, hopes that both sides would be able to resume negotiations to end a trade war. Trade in Japan was less optimistic and Nikkei fell 0.2%. […]
The Germany 30 index looks to have stabilized after recovering somewhat from its lowest since December 2016 of 11,047.80 hit in late October. The RSI is in bearish territory below 50, though it’s been largely moving sideways in recent days, pointing to a mostly neutral short-term picture for the benchmark. Index gains may meet initial […]
There was a positive sentiment on Thursday, at the start of the trading day. However, as we saw in the past five trading days, the positive morning vibe was gone by the midst of the American session. Markets retain the pressure against the stocks of high-tech companies, which in turn pushes indices down. It can […]
The price of Bitcoin has dropped by 10 percent over the last 24 hours following a severe sell-off. Yet, several low market cap crypto and tokens have plunged by twice that amount, posting losses in the range of 20 percent. ERC20 tokens launched on top of the Ethereum blockchain network have performed especially poorly against […]
Bitcoin price finally broke through $6,000 support, falling as low as $5,500 with the price still volatile at press time. As Bitcoin (BTC) price has flatlined as of late, one could say that it was a welcome sight to have some action and volume. The bad news, however, for those long BTC price was that […]
GBPAUD is currently printing fresh 2 ½-month lows, extending the downtrend off 1.8724 below the Ichimoku cloud and the 200-day (simple) moving average (MA). The short-term bias is still negative as the MACD continues to fluctuate in bearish territory and below its red signal line, with the red Tenkan-sen line adding further bearish signals as […]
4h On the 4-hour chart, the GBP / USD currency pair rebounded from the correction level of 38.2% – 1.2925, and then from the level of 61.8% – 1.3066. However, on November 15, the growth process continues towards the correctional level of 61.8%. There are no emerging divergences today. Another rebound from the Fibo level […]
To open long positions for GBP/USD, it is required: Pound purchases continued after the British Cabinet approved the Brexit agreement yesterday, which will now be passed to Parliament for final approval. A break in the resistance at 1.3040 will lead to a larger upward wave on the pound, with the test of the highs at […]
AUD/USD has been quite impressive with the recent bullish gains after the bounce off the 0.7150-0.7200 support area with a daily close. Despite recent positive economic reports from the US, AUD gained more momentum in the market due to upbeat employment data today. Today AUD Employment Change report was published with a significant increase to […]
NZDUSD recorded a fresh four-and-a-half month high of 0.6821 on Thursday and is set to create the third bullish day in a row. The price surpassed the 61.8% Fibonacci retracement level of the downleg from 0.7060 to 0.6423, around 0.6818, suggesting that the bullish movement is strengthening in the near term. The RSI indicator entered the overbought […]
Here are the latest developments in global markets: FOREX: The dollar index is little changed on Thursday (+0.07%), after posting some modest losses in the previous session. The British pound traded in a particularly volatile manner amid Brexit headlines, with the UK Cabinet giving its endorsement to the Brexit deal. Meanwhile, the aussie is the best […]
As a result of a wider sale in the cryptocurrency market, Bitcoin fell to the lowest price level in over 12 months. The lowest point of the Bitcoin price today was $5,669 – the lowest price recorded since November 11 last year. Wednesday was started at $6,997.96. Since then, the price of Bitcoin has slightly […]
Gold price as expected has finally bounced towards $1,210-15 area. I expect prices to get rejected at current levels or from slightly higher. Major resistance and stop for bears is at $1,243.50. Support at $1,196. Red rectangle – major resistance Blue rectangle – major support Magenta rectangle – resistance Green lines expected path Gold has […]
EUR/USD despite the initial rejection at the 38% Fibonacci retracement, made a higher low and is now making a higher high. Medium- and longer-term trend remain bearish as price remains inside a bearish channel and below 1.15. Green lines – expected path Blue dots – medium strength support Dark blue dots – maximum strength support […]
Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up. From stocks and bonds to currencies, assets worldwide are gripped by a crude awakening. Monday saw oil’s largest one-day drop in three years, securing its longest losing streak on record. […]
USDJPY got rejected from the 114 area after touching the 114.20 mark early this week, with the pair reversing part of its recent rebound in the following days. The red Tenkan-sen line, however, is still above the blue Kijun-sen line and has started to point to the upside again, while the RSI looks to be changing direction north […]
To open long positions for EURUSD, it is required: Buyers of the European currency would need a breakthrough of the major resistance of 1.1344, as it did not go beyond and failed yesterday. Good news on Brexit can also support the euro, and the breakdown of 1.1344 will open new highs for traders in the […]
Yesterday, a reversal upward pattern was formed , so the update of the weekly maximum is highly likely. The basis of today’s trading is keeping open purchases from yesterday. Also yesterday, the pair tested the defining zone of support for NKZ 1/2 1.2915-1.2901. This led to an increase in demand and an update of the […]
AUD / USD This morning, the Australian dollar has reached the upper limit of the price channel. The increase was due to the release of good employment data for October. In particular, the unemployment rate was kept at 5.0% against the pessimistic forecast of increase to 5.1%. In contrast with the 19.9 thousand total job […]
GBP / USD Yesterday’s trading range for the British pound with almost 190 points was due to the current strong news in relation to the views between Prime Minister Theresa May and the Cabinet of Ministers under the Brexit agreement. But in the end, the ministers approved the deal and the pound sterling closed the […]
Morning Report: 07.00 London The British pound is making tentative gains in line with other dollar pairs. Yesterday’s market reaction to Theresa May’s historic and fractious cabinet agreement on her Brexit proposal is best summarised as ‘meh’. After much volatility throughout the day, the pound finished slightly lower, with those losses being erased this morning. […]
EUR / USD The focus of investors on Wednesday was drawn to the process of accepting Brexit conditions by the British Cabinet. It’s successful completion has strengthened the euro by 20 points. EU negotiator M. Barnier further mitigated the situation with assurances about the possibility of extending the transitional period after Brexit. Eurozone GDP for […]
Yesterday, an important resistance zone was tested, which allows us to consider the formation of a reversal pattern. A downward movement will be considered complete if the close of today’s trading is higher than the opening. Yesterday, the pair tested the defining zone of resistance of NKZ 1/2 1.1316-1.1307. Today, there is an attempt to […]
