To open long positions for GBP/USD, it is required: The growth potential of the pound will be limited by the resistance of 1.2831, so it is best to open long positions today in the first half of the day after a breakthrough and consolidation on this range in order to update the highs of 1.2890 […]
Fundstrat Global Advisors analyst Rob Sluymerin a note send to his clients yesterday’s, said, that Bitcoin breakdown pushed crypto markets into a “deeply sold” area where long-term technical indicators are no longer as beneficial. Sluymer commented on the situation: “The break-up this week has caused serious technical damage that will probably take weeks, if not […]
Yesterday, a priority ascending model was implemented which made it possible to partially fix purchases. The rest can be transferred to break even since repeat purchases will require a better price. It was also yesterday that there was a test weekly CP 0.7301-0.7288. This led to the emergence of a proposal. The decline in the […]
Morning Report: 07.00 London This morning, the pound is stable after suffering its biggest single day loss since Brexit yesterday. The GBP/USD plunged dramatically, but still remains above the November and August lows, with small gains this morning. The GBP/JPY suffered significant losses on the day, but the November and indeed August lows remain some […]
USDCAD has been underperforming since yesterday, remaining below the four-month high of 1.3265. Currently, the price holds above the very short-term rising trend line, but in case of a penetration it would move even lower in the near term. Also, when looking at the bigger picture the pair has a clear upside trend after its rebound on […]
To open long positions for EURUSD, it is required: Buyers of the European currency need a breakthrough of a large resistance of 1.1352, and it failed to get out of it for a few days. Good data on inflation in the euro area, which are expected in the morning, can support the euro, and the […]
EUR/NZD has now entered the target-zone between 1.6468 – 1.6563. We expect a low to be found within the area for a corrective rally towards at least 1.6915 and likely even closer to 1.7023 before renewed downside pressure should be expected. We have reviewed our count from the 1.7929 peak and finds the current count […]
We did see a break below short-term support at 128.16 for a dip to 127.74, from where EUR/JPY again found its footing for a new rally to 129.06. We are still looking for more downside pressure in wave C closer to 123.66 before wave (E) of the huge triangle finally completes and a new impulsive […]
GBP / USD The tragedy of the British pound on Thursday broke out rapidly. Brexit Minister Dominic Raab and Northern Ireland Affairs Sheiles Vara, resigned due to disagreement with the Prime Minister’s position on the EU deal. In turn, Teresa May confirmed her intention to leave the EU no later than March 29, 2019. The […]
USD / JPY On the Thursday, despite the growth of the American stock market by 1.06%, the yen made an attempt to strengthen (decrease on the chart) because of investors’ concerns about the government crisis in England. Large Japanese companies have expressed concerns about their further investments in UK, which is also a generator of […]
The turmoil with Brexit overshadowed the dynamics of the US currency, which, by chance, continues to increase its positions on the sly. The dollar index continues to be around one and a half year highs, reflecting the steady demand for the greenback. However, not all pairs are dominated by the dollar – for example, in […]
4-hour timeframe The amplitude of the last 5 days (high-low): 105 p-111 p-120 p-212 p-191 p. The average amplitude for the last 5 days: 148 p (130 p). The British pound collapsed during November 15 due to a new resignation in the British Parliament. This time, the Minister of Brexit Dominic Raab resigned voluntarily. And, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 95 p-53 p-116 p-78 p-85 p. The average amplitude for the last 5 days: 85 p (89 p). The European currency with grief in half, but still continues to adjust against the US dollar. However, it can be seen with the naked eye that the […]
It seems that the problems in the pound are just beginning, and after all, quite recently, the prospect of further growth with the updating of important resistance levels was really feasible. Today’s pound collapse of more than 1.5% at one moment was triggered by news that two ministers headed by Theresa May, the British government […]
Bitcoin pushed impulsively lower recently that lead the price to break below $6,000 area amid strong bearish pressure. Currently the price is residing below $5,500. The price is expected to retrace back towards $6,000 area before proceeding towards $6,000 support area in the coming days. The price is currently residing below 11-month low, from where […]
The US 500 index fell sharply in recent sessions, crossing decisively back below its 200-day simple moving average (SMA) on November 12, which has turned the near-term bias to negative. Short-term oscillators support the notion. The RSI is below 50 and pointing lower, detecting accelerating negative momentum. The MACD, already below zero, is currently testing […]
USD/CHF has been quite corrective and volatile at the edge of 0.9980-1.0050 area from where the price is expected to move deeper. USD has been the dominant currency in the pair while CHF is struggling for gains amid disappointing economic data. Despite the positive economic reports today, USD failed to sustain the bullish momentum that […]
Today, the dollar is losing against the pound and the euro, which rose immediately after British Prime Minister Theresa May received Cabinet approval for the implementation of her Brexit project. However, the growth of European currencies was limited by concerns about whether this project will receive parliamentary approval. If the parliamentarians refuse to accept the […]
To open long positions on the GBP / USD pair, you need: Pound buyers quickly left the market after a bad report on UK retail sales was released, and then the Brexit secretary, Dominic Raab, added fuel to the fire when he said he was retiring. The volatility of the pound will continue to remain […]
To open long positions on EUR / USD pair, you need: Buyers failed to get above the resistance of 1.1344, which was combined with the weak balance data and caused the euro to fall, which I paid attention to it in the morning forecast. As a result of the decline, the bulls returned only to […]
On Wednesday, the price moves in the side channel retested the rollback level of 61.8% at 1.3042 (blue dashed line) but again could not stay above. On Thursday, strong calendar news comes out at 8.30, 12.30 and 3.30 London time. Most likely, the bulls will once again try to resume the upward movement. Trend analysis […]
GBPNZD broke strong support area Further losses are likely GBPNZD recently broke through the strong support area lying between the key support level 1.9080 (which reversed the price in August) and 1.8920 (which has been reversing the price from February). The breakout of this support area accelerated the active impulse wave (c) which is a […]
Palladium approached resistance area Downward correction is likely Palladium is currently trading close to the strong resistance area lying between the major, long-term resistance level 0.6750 (which stopped the previous sharp up trends in January and October) and the upper daily Bollinger Band. The active impulse wave 3 belongs to the medium-term impulse wave (3) […]
CHFJPY lost significant ground after the spectacular rally towards the pair’s highest since February of 118.05, falling as low as 111.54. Even though it attempted to recoup losses early this month, the pair somewhat reentered bearish mode this week, with the RSI flagging further weakness ahead; the indicator is currently heading south in bearish territory below 50 -notice though that it does not maintain a steep […]
Trend analysis (Fig. 1). On Thursday it is possible to continue the upward movement with the first goal of the recoil level of 23.6% at 1.1360 (blue dashed line). The second upper target is 1.1388 at the 21 average EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – […]
According to CNBC, experts recorded a drop in the pound sterling by more than 1%. The reason was the announcement of the resignation of Dominic Raab, the British Minister for Brexit. In a letter addressed to Theresa May, the country’s prime minister, the official expressed his disagreement with the terms of the Brexit agreement she […]
According to Bank of America Merrill Lynch (BofAML) experts, the Japanese yen and the Swiss franc may be preferable to the dollar if next year the United States gets involved in a trade war with Europe. According to experts, in the current year, the dollar has proved itself better than other currencies in the face […]
On Thursday, November 15, oil prices were able to break the downtrend in the market. According to experts, it was the longest collapse in the history of trading. The cost of a barrel of WTI oil blend increased for the first time in 12 sessions. During yesterday’s trading, market participants tried to play a sharp […]
According to some experts, the meeting of the OPEC countries, scheduled for December 6, 2018, may be held ahead of schedule. In any case, analysts are confident that this day will be the most important for all participants in the oil market. Early next month, cartel members planned to get together to discuss the issue […]
NZDJPY is trading not far below Wednesday’s five-month high of 77.44. The pair has staged a remarkable recovery from early October’s low of 72.25, this being only marginally above September’s more than two-year nadir of 72.24. The Tenkan- and Kijun-sen lines are positively aligned, attesting to the bullish short-term bias that is in place. However, […]
