Trading Plan 11/19/2018 The overall picture: except Brexit, everything is calm. Last week, the negative for Brexit collapsed a pound. Note, however, that the pound did not show new long-term lows, which may indicate fatigue sellers. New Week – Short for USA: November 22 – Thanksgiving. Lb: We are ready to sell from 1.2720. We […]
EURUSD had a bearish start on Monday, with the price developing near the crucial psychological level of 1.1400, after creating four consecutive green days in the previous week. The pair has also significantly increased its distance above its 20-day simple moving average (SMA) for the first time over the last two months, while the technical indicators seem to be neutral […]
Wave pattern graphics H 4: In the downward wave of the daytime scale dominating from the beginning of the year, the last wave design H4 from the middle of August forms an upward correction. Wave pattern graphics H1: From September 24, a bearish wave is formed. Its structure at the time of analysis looks complete. […]
Short-term bullish trend in EUR/USD remains. Price has bounced from 1.1250 as expected towards the upper channel boundary and towards the 61.8% Fibonacci retracement. The 1.15 resistance area could be challenged but I continue to believe that our main focus should remain to the downside. Black rectangle – resistance area Green rectangle -short-term support Blue […]
Gold price has reached the 61.8% Fibonacci retracement and the $1,222-23 resistance area as expected, after breaking above the $1,213 short-term resistance. Gold could continue a bit higher but I do not see it breaking above $1,243.50. I expect Gold price to soon reverse to the downside. Green line – trend line support Blue rectangle […]
GBP calmly starts the week, although the political turmoil around the Brexit agreement project does not guarantee this peace for a long time. Prime Minister May still faces the risk of a vote of no confidence on the part of his party. On Sunday, May recalled that overthrowing her governments posed a risk of Brexit […]
Since the beginning of Bitcoin, banks have denied its use or the possibility of changing the global financial system. Central banking also negates the position of cryptocurrencies, and recent reports from the European Central Bank (ECB) only confirm the negative attitude of financial institutions to digital currencies. On its Twitter profile, the ECB added an […]
Morning Report: 07.00 London The US Dollar index is slightly firmer after heavy selling last week on trade tensions and a return to risk appetite across Europe. The AUD/USD has gapped lower after popping above 0.73100 on Friday. Traders will be eyeing this line to see if former resistance will be come support. The EUR/USD […]
EUR / USD On Friday, the euro rose to the target level of 1.1424 despite the discrepancies in macro statistics in the euro area and the US and despite political tensions in Italy and the prospects for reaching agreements on trade between the US and China. Italy’s trade balance for September worsened from 2.49 billion […]
On Friday, the priority ascending model was implemented which was formed after the American session consolidated above the NKZ 1/2 1.1316-1.1307. The first goal of growth is achieved, and further upward movement will depend on the availability of demand above the level of 1.1417. Last week, it was allowed to consider long deals as priority […]
The price on Friday rally down worked out the top. Bears were fixing profits, and the market broke off the support line 1.1248 (red thick line). On Monday, there is no strong calendar news. Most likely, the bears once again try to resume movement down. Trend analysis (Fig. 1). On Monday, the price will move […]
Trend analysis (Fig. 1). This week, the price will move up with the first goal of 1.2996 – the rolling level of 50.0% (blue dashed line). Fig. 2 (weekly schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis – […]
When the European market opens, some economic data will be released such as ECB Financial Stability Review, and Current Account. The US will also publish the economic data such as NAHB Housing Market Index, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. TODAY’S TECHNICAL […]
In Asia, Japan will release the Trade Balance, and the US will publish some economic data such as NAHB Housing Market Index. 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: 113.25. Resistance. 2: 113.03. Resistance. 1: 112.80. […]
After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation. The Bitcoin (BTC) price is approaching a resistance level at $5,600, a minor resistance level BTC will have to surpass to potentially eye a rally to $5,800 and potentially […]
The past week has been stigmatized by three major falls on oil, bitcoin and the pound. However, this trio seems to have managed to return back to stability. Oil collapsed on Tuesday. WTI fell by more than 7% on that day, which was the 12th consecutive steady decline, making it the longest series in modern […]
Yesterday, sterling had the worst day since the day the UK voted to leave the United Kingdom. It dropped by more than 2% after the resignation of the Brexit minister, Dominic Raaab. His resignation was followed by that of two other members of cabinet. In his letter of resignation, he said that he would not […]
According to expert estimates, palladium quotes increased to record levels amid growing industrial demand for this metal.The December palladium futures on the New York Mercantile Exchange reached $ 1137.40 per troy ounce by the close of trading on Thursday, November 15. According to the calculations of FactSet, this figure for this precious metal is the […]
According to some analysts, the rise in the price of the standard grade of Brent oil over $ 65 per barrel creates favorable conditions for the bulls of the stock market.On Thursday, November 15, by the end of trading, the US stock exchanges showed a boom. This was facilitated by the statements of the sales […]
Silver reversed from combined support area Further gains are likely Silver recently reversed up from combined support area located between the key support level 13.90 (which also previously stopped the sharp downtrend in September) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning […]
EURNZD reversed from key support area Further gains are likely EURNZD recently reversed up from the key support area lying between the major, long-term support level 1.6570 (which reversed the pair sharply in January and in June, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support area […]
This week, volatility in equities continued. This was accelerated by news that Apple’s suppliers had started to lower guidance. The first company to do that was Lumentum, which supplies Apple with facial identification technologies. It was followed by Qorvo, which provides network products to the company. This was a major news in the financial market […]
Switzerland is one of the most prosperous country in the world. Its prosperity comes because of a number of reasons. Historically, the country has taken a neutral approach to global issues. In fact, it did not participate in the Second World War. As a result, the country continued to develop its economy as the other […]
GOLD PRICES rose against a falling US Dollar on Friday, halving last week’s 1.9% drop to trade back above $1220 per ounce as Western stock markets fell and crude oil rallied from this month’s 17% plunge so far. Gold priced in the British Pound meantime re-touched £950 for a second day running, adding 2.0% […]
USDZAR has been printing lower highs and lower lows on the daily chart, below a downtrend line drawn from the highs of September 6. The pair has also recently fallen below its 50-day simple moving average (SMA), which has turned the near-term outlook cautiously negative. Short-term oscillators are hovering in bearish territory, albeit not decisively […]
According to the Central Bank of Italy, the national debt of the country reached a record value of 2.331 trillion euros in September, an increase of 4.7 billion euros compared with August.The growth of government debt was a result of an increase in expenses of the central state administration and a decrease in the mass […]
Today, many investors admit that working with the pound has become similar to playing in a casino, all or nothing. According to them, the situation around Brexit is far from complete and to a large extent, depends on the will of the British Parliament.”In the event of a second referendum on the UK’s withdrawal from […]
The price on Thursday, after the UK government approved a plan to leave the EU, made a rally down by testing the support line of 1.2749 (red bold line). There is no strong calendar news on Friday. Most likely, the bulls will once again try to resume the upward movement.Trend analysis (Fig. 1).On Friday, the […]
Trend analysis (Fig. 1).On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% – 1.1360 (blue dotted line). The second upper target is 1.1388 – 21 average EMA (black thin line). Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis – up;- Fibonacci levels – up;- Volumes […]
What does not kill, it makes us stronger. Neither the mass resignation of ministers in Britain, the threat of insurrection in parliament and the vote of no confidence in Theresa May, nor Italy’s refusal to rewrite the draft budget submitted to Brussels did not drown the euro ship. But the increased political risks in the […]
