GBP / USD On Tuesday, the Conservative Party’s vote on the vote of confidence to Theresa May did not take place due to the refusal of several functionaries to present official letters of no confidence. The step is quite understandable in the run-up to a key EU summit. As we expected, the pound got off […]
The market is seen to ignore the parliamentary hearings on inflation, which were held on Tuesday in the British House of Representatives. The focus of traders is still on the topic of Brexit, and all other factors remain in the shadows. Of course, if Britain leaves the EU without any deal, the current inflation forecasts […]
4-hour timeframe The amplitude of the last 5 days (high-low): 78 p-85 p-91 p-98 p-71 p. The average amplitude for the last 5 days: 85 p (94 p). On the second trading day of the week, the EUR/USD currency pair finally completed the upward movement or at least started to adjust. “Finally”, because there were […]
It looks like the crypto markets may not get a December boost from Wall Street after all. Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), on Tuesday announced that it would delay the launch of its much-anticipated bitcoin futures product until at least Jan. 24, 2019. That product, the Bakkt Bitcoin […]
WTI broke support area Further losses are likely WTI today broke through the support area lying between the key support levels 55.00 (monthly low from November of 2017) and 56.00 (which stopped the price earlier this month). The breakout of this support area continues the active short-term impulse wave C – which belongs to the […]
AUDUSD reversed from resistance area Further losses are likely AUDUSD continues to after the earlier downward reversal from the resistance area lying between the strong resistance level 0.7300 (which stopped the previous correction (4)), 30-week moving average and the 61.8% Fibonacci correction of the previous downward impulse from August. The downward reversal from this resistance […]
To open long positions on GBP / USD you need: The bears did not allow the pound buyers to break through the resistance level of 1.2877, which I talked about in more detail in my morning review. At the moment, the challenge is still the breakthrough of 1.2877, which will open a direct road to […]
To open long positions on EUR / USD pair, you need: It was not possible to break above resistance 1.1456, which led to the expected decline of the euro in the area of support 1.1426. I indicated this in detail in my morning review . However, as we can see, the demand at 1.1426 is […]
Inflation numbers are due out of Japan on Thursday (Wednesday, 23:30 GMT), with the core CPI rate anticipated to have held steady in October. But as the annual rate of inflation creeps up towards the Bank of Japan’s 2% target at a snail’s pace, the central bank is growing increasingly uneasy about the impact of […]
Analysts of the Swiss financial holding UBS Group recommend investors who will find the strength to survive the months of the volatility of the British currency, catch it in the fall in the process of Brexit.”When quotes reach extreme levels, buyers, as a rule, return to the game,” the company representatives said.”Over the past week, […]
Sales on European stock markets and unrest relative to Italian banks overturned the single currency from the recently reached maximum. Earlier, cautious comments by Fed officials about the growth of the global economy, weak data from the US, and the sale on Wall Street supported the euro.However, support was not strong enough, the euro retreated […]
Last week’s sell-off seemed to be a turning point for the crypto market. During this week only, the price of Bitcoin (BTC) has fallen by 20%, trading below $4,400 at one point. It is worth noting that this was not a single sharp collapse as last week, but rather a systematic sell-off throughout the day. […]
Bitcoin’s price continues to slide despite the oversold conditions signaled on the technical charts for the last six days. The leading cryptocurrency by market capitalization fell to $4,200 soon before press time – a price low not seen since Oct. 5, 2017 – and was last seen trading at $4,484, according to CoinDesk’s Bitcoin Price […]
Over the past 24 hours, another $25 billion has been wiped out of the crypto market as major digital assets fell sharply in value. Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Stellar (XLM) recorded a loss of 14 percent, 14.5 percent, 45 percent, and 10 percent respectively, demonstrating a large decline in both volume […]
In the investment world, confidence is one of the most important aspects. It is confidence that makes people invest in small unprofitable companies with the hopes that they will improve. It is also confidence that makes investors like Warren Buffet buy and hold stocks for years. They believe in the company’s products and the management. […]
GOLD PRICES rose to 2-week highs for Dollar and Euro investors on Tuesday and reached new November highs in terms of the British Pound as global stock markets fell sharply, extending yesterday’s 1.7% loss on Wall Street. Reaching near $1229 per ounce, gold then eased back $5 as the Dollar rallied, keeping the Euro […]
GBPAUD rebounded after hitting a three-month low of 1.7473 on Friday. It is currently trading around 200 pips above the aforementioned trough. Despite recovering somewhat, the pair continues to look mostly bearish in the short term, something which is also supported by the negatively aligned Tenkan- and Kijun-sen lines. Notice though that the %K and […]
EURCAD broke to the upside of the falling trend line, however, it remains confined near the 23.6% Fibonacci retracement level of the downleg from 1.6150 to 1.4745, around 1.5075. The pair seems to be in a bullish correction mode as it jumped above 1.5100 and the technical indicators hold in positive territory. The stochastic oscillator is running into overbought zone, while the MACD […]
After seven weeks of active sales of black gold, which was the longest series since 2011, speculators decided to pause. During this period, they got rid of futures contracts by 553 million barrels in equivalent, reducing net longs to 547 million barrels. In late September, the figure reached 1.1 million in January with a record […]
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 […]
Dear colleagues. For the Euro / Dollar currency pair, we expect the upward movement to continue after the breakdown of 1.1470. For the currency pair Pound / Dollar, the potential for the top of November 15 is still relevant as the initial structure. For the currency pair Dollar / Franc, the maximum value for the […]
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 […]
Trading recommendations: According to the H4 time – frame, I found that BTC reached my yesterday’s target at $4.866. Anyway, I still see strong downward presure on BTC, which is a sign that buying looks very risky. I have placed Fibonacci expansion to find the next downward target and I got Fibonacci expansion 161.8% at […]
Oil prices edged down on Tuesday morning in Asia as major oil producer Russia adopted a wait-and-see attitude towards OPEC’s potential decision to cut crude output. Crude Oil WTI Futures for January delivery slipped 0.14% to $57.12 a barrel at 10:59PM ET (02:59 GMT) on the New York Mercantile Exchange, while in London’s Intercontinental Exchange […]
The highlight on the US economic calendar this week will be durable goods orders for October, due out on Wednesday at 1330 GMT. Forecasts point to a decline in monthly terms. While that is not surprising considering how volatile these data are, such prints would still be a bad omen for Q4 GDP, and may […]
According to experts, US stock indices remain under pressure due to investors’ concerns about the trade conflict between the US and China. Mostly large IT companies are hit, analysts say.At the close of trading on Monday, November 19, the Dow Jones index fell by 1.6% to 25,017.44 points, the S & P 500 fell by […]
AUDJPY has reversed back down again after reaching resistance at the 83.00 handle, which coincides with the 50-week simple moving average (SMA). Momentum indicators are pointing to a neutral to bearish bias in the short-term. The MACD oscillator has slipped below the trigger line, indicating further losses and the RSI indicator is pointing down near the 50 region. Further […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1471. Anyway, according to the H4 time – frame, I found the potential reversal zone around the level of 1.1465. I found the up-thrust (reversal bar) and price failed to test the resistance at 1.1500, which is a sign of weakness. […]
Recently, the AUD/USD pair has been trading sideways at the price of 0.7258. According to the H4 time – frame, I have found a fake breakout of the resistance at the price of 0.7300, which is a sign of weakness. I also found the breakout of the support trendline in the background and hidden bearish […]
Overview: The EUR/USD pair fell from the level of 1.1467 to the bottom around 1.1215. But the pair rebounded from the bottom of 1.1215 to close at 1.1347. Probably; historic will repeats itself again. Today, the first support level is seen at 1.1215, and the price is moving in a bearish channel now. Furthermore, the […]
