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 […]
To open long positions on the GBP / USD pair, you need: The situation has not changed compared with the morning forecast. The upside potential of the pound is still limited by the resistance of 1.2831, hence, it is best to open long positions after breaking through and fixing on this range in order to […]
The coming week will be an unusually quiet one for economic releases but political developments in Britain and Italy will likely provide plenty of volatility for traders. As the UK prime minister, Theresa May, scrambles to save her Brexit deal and the European Commission ponders disciplinary action against Italy, it’s looking like another choppy week […]
CADJPY is back in bullish mode in the daily timeframe over the last eight months that helped the market to head higher and peak at 89.25 on October 3. While the MACD suggests that the market could maintain the neutral movement near the zero line and the RSI moves slightly below the 50 level, as […]
Here are the latest developments in global markets: FOREX: The dollar was slightly up versus a basket of currencies, with the closely watched British currency being broadly higher. Still, the pound mostly consolidated Thursday’s sharp losses on the back of the Brexit drama that unfolded, and which still appears to have room to run. One […]
To open long positions on EUR / USD pair, you need: Eurozone inflation data, which came out in the first half of the day, could not support buyers of the European currency as they completely coincided with economists’ forecasts, which led to the closure of long positions and a decline in the euro. At the […]
Wave pattern on the H4 chart: The dominant gold price movement from mid-August is given by the rising wave. Despite its corrective nature for a longer-term trend segment, the current wave is not completed. Wave pattern on the H1 chart: The descending wave of October 15 in a larger structure took the place of a […]
Wave pattern on the H4 chart: The general direction of the cross on the short-term trend is set by the rising wave of May 29. The structure of the wave lacks the final part (C). Wave pattern on the H1 chart: The bearish wave of September 21 corrected the trend section in a larger wave […]
Theresa May ruled out a second Brexit referendum. The growth potential of the euro is limited. A good US retail sales will support economic growth in the 4th quarter of this year. The US dollar continued to decline yesterday against the euro, despite the good macroeconomic indicators for the US economy, as well as the […]
The code for Bitcoin cash’s hard fork has been activated. With neither side of the contentious debate leading up to the hard fork willing to come to a compromise, two competing implementations of the protocol have now been activated. However, it’s unclear at this juncture which of the two will become the dominant software of […]
Amazon’s stock price rebounded after touching a seven-month low on October 30, but continues to trade below its 200-day simple moving average (SMA). Additionally, the price structure on the daily chart consists of lower highs and lower lows. Combined, these imply the outlook remains bearish in both the short- and medium-terms. Momentum oscillators are hovering […]
Trading recommendations: According to the H1 time – frame, I found that BTC is in consolidation phase after the strong drop in the background, which is normal activity after such a strong drop1. I dont see any signs of reversal yet and my advice is to watch for selling opportunities. I have also found potential […]
Recently, Gold has been trading upwards. The price tested the level of $1,217.89. Anyway, according to the H1 time – frame, I found a potential bearish flag pattern in creation, which is a sign that buying looks risky. A pace of delcine is slow and my advice is to watch for a potential breakout of […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1325. Anyway, according to the H1 time – frame, I found a fake breakout of the yesterday’s high at the price of 1.1363, which is a sign that buyers got trapped. I also found a breakout of the support trendline and a hidden […]
Platinum futures delivered on January 2019 are moving higher over the last three months, following the bounce off the 753 support level. The price seems to be in a bullish correction mode as it surpassed the first significant level of Fibonacci barriers, the 23.6% level, taken from the downleg from 1030 to 753, near 818. […]
GBPNZD crossed below a medium-term uptrend line taken from the lows of June in recent sessions, and also below its 200-day simple moving average (SMA), recording a ten-month low yesterday. These suggest the medium-term outlook has turned firmly negative. Short-term oscillators support this concept. The MACD lies both in negative territory and beneath its red […]
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 […]
Overview: Pivot point: 1.3072. The GBP/USD pair broke resistance, which turned into strong support at 1.2925. Right now, the pair is trading above this level. It is likely to trade in a higher range as long as it remains above the support (1.2925), which is expected to act as a major support today. Therefore, there […]
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. Recently, Temporary bullish recovery was demonstrated around 1.1300. Hence, another bullish pullback was executed towards 1.1499 (the upper limit of the supply zone) where another descending high was established. As for […]
The British pound lost about 2% on Thursday, as Brexit talks provoked a number of ministerial resignations. Meanwhile, stocks of British banks were under threat, as the declared parameters of the deal would negatively affect their influence in Continental Europe. The GBPUSD pair has returned to the bottom, trading near this year’s lows. The focus […]
The global economy took another blow this week, with Germany and Japan – the world’s third- and fourth-largest economies – both showing contractions in the third quarter and renewing fears of a synchronized slowdown. Trade wars are dragging on, the falling oil price opened a new front of concern and Asian leaders are worried that […]
GBPJPY has declined considerably over yesterday’s trading session, diving to a two-week low near the 144.20 level. In the very short-term the price seems to be strongly negative, while in the daily chart the pair remains in a consolidation area over the last two months. The RSI indicator is flattening in the negative territory while […]
Overview: The EUR/USD pair dropped 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 […]
Trading Plan 11/16/2018 The big picture: Brexit confuses cards over and over again. The endless English saga around the Brexit agreement continues, and there is no end to this disgrace. Resignations in the government, possible vote of a vote of confidence, possible resignation of May, and so on and so forth. It is necessary to […]
Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. “We manage risks. If prices fall, we will work on increasing our market share,” Sechin said, adding that if prices continued their current slide, Rosneft would focus on maintaining and expanding its […]
Here are the latest developments in global markets: FOREX: The British pound plunged on Thursday after the UK Brexit Secretary quit in protest of the Brexit deal, and amid growing speculation PM May could soon face a leadership challenge. Meanwhile, the commodity-linked currencies – aussie, kiwi, and loonie – all gained ground on the back of […]
Burning forecast 16.11.2018 EURUSD: We trade for a breakthrough. And again there is a level to enter the top of the breakthrough. The euro is moving up over and over again, despite the resistance of sellers We are ready to buy from 1.1365, stop 1.1320, the purpose of 1.1700. Alternative: Sell from 1.1214. The material […]
GBP / USD climbed over 1.28 from Thursday’s lows at 1.2720 after dropping by 3 figures. Opponents of Prime Minister May and her draft Brexit agreement have not yet collected 48 votes for the motion of censure. The rest of the currency market remains calm without a specific tone. The weakest is USD, and the […]
