Wave pattern on the H4 chart: The main trend of the franc major pair is given by the rising wave since the beginning of the year. The scale of which is close to the daily one. The wave sections formed the first 2 parts (A-B) on the H4 chart. Wave pattern on the H1 chart: […]
On Tuesday, the price moves up, testing the rolling level of 61.8% at 1.3042 (blue dashed line). On Wednesday, a strong calendar news is expected at 8.30 and 12.30 London time. There will most likely be a downward lateral movement. Trend analysis (Fig. 1). On Wednesday, the price will move downwards with the first goal […]
On Tuesday, the price moved upwards into a pullback, showing that the support line 1.1270 (blue thick line) was pierced down by inertia. The market closed above the support line, pointing to a false breakdown. Today, the price will once again try to break through the support line. Today, a strong news is expected at […]
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 […]
USDCHF is trading close to Tuesday’s high of 1.0128, the pair’s firmest since March 2017. The short-term bias is clearly bullish, with the pair having recorded a remarkable rally from late September when it touched a multi-month low of 0.9541. Also attesting to the bullish momentum are the positively aligned Tenkan- and Kijun-sen lines. The […]
Of course, the dollar rebound suggested itself but what a pound did yesterday was very surprising. At the same time, there were no macroeconomic reasons for such a substantial increase in the pound. As expected, the growth rate of average wages with premiums, accelerated from 2.8% to 3.0% and in addition to this, the growth […]
On Thursday, November 15, the Fed will once again redeem the bonds from its balance sheet without subsequent refinancing, which will lead to another sharp reduction in the balance sheet and, as a result, liquidity reduction. Usually, on such days, the dollar is adjusted higher, most often against commodity currencies, a little less pronounced, against […]
Wave counting analysis: During the November 13 trading session, the GBP / USD currency pair gained about 120 basis points. Thus, the likelihood that the descending wave b within the 3-wave upward structure is completed increases. If this is true, then the increase in quotations will continue with targets located near the 100.0% of the […]
Wave counting analysis: In the course of trading on Tuesday, the EUR / USD currency pair gained about 80 basis points. Thus, there are reasons to assume the completion of the construction of the expected wave 5 of the downward trend section. It should be clarified that wave 5 can take the 5th wave view […]
Overview: Pivot: 0.6779. The NZD/USD pair continues to move upwards from the level of 0.6696. The pair rose from the level of 0.6696 to a top around 0.6779. Today, the first resistance level is seen at 0.6823 followed by 0.6867, while the daily support 1 is seen at 0.6696 (last bearish wave). According to the […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1269. Anyway, according to the H1 time – frame, I found a breakout of the intraday bearish flag in the background, which is a sign that sellers are in control. The short – term trend is bearish and my advice is to go […]
Recently, Gold has been trading downwards. The price tested the level of $1,195.90. According to the H1 time – frame, I found end of the upward correction (irregular type 2), which is a sign that buying looks risky. I have also found the breakout of the intraday upward trendline, which is another sign that sellers […]
Overview: The USD/CAD pair continues to rise from the levels of 1.3219 and 1.3184 in the long term. It should be noted that the support is established at the level of 1.3184 which represents the 61.8% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom in the same […]
Trading recommendations: According to the H4 time – frame, I found that price did a successful breakout of the upward trendline in the background, which is a sign that sellers are in control. I have also found a buying climax in the background, which is another big sign of weakness. My advice is to watch […]
USD/CAD has been quite impulsive with the bullish gains recently. The price is expected to climb bit higher before a bearish counter-move off the 1.3300-50 area with a daily close. USD gained good momentum over CAD because of strong employment reports published recently. Thus, CAD is still struggling. US employment reports were quite positive but […]
4 hour timeframe Technical details: Senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -46.5670 The currency pair EUR / USD on Wednesday , November 14, continues to be adjusted for the purpose of a moving average line. Today, in terms of […]
The October data from China had a mixed overtone. Retail sales failed (8.6% YoY vs. 9.2%), but industrial output went well (5.9% vs. 5.8%), and municipal investments were slightly better (5.7%) vs 5.5%). USD / CNY today is 0.1% down to 6.9480. AUD erased the initial increases after good data from Australia and AUD / […]
To open long positions for GBP/USD, it is required: The issue of Ireland’s border seems to have been resolved, and consensus has been reached. This became known yesterday, which allows us to count on the solution of other, smaller issues in the Brexit agreement. It also retains hope for the continued growth of the pound. […]
October’s employment report for Australia is likely to attract investors’ attention on Thursday at 0030 GMT as the Australian dollar gained some ground in the previous couple of weeks. Stronger figures in employment may provide some further relief to the currency, while seasonally adjusted wage price index rose 2.3% year-on-year in the third quarter, above the […]
UK100 stock index (FTSE 100) has rebounded somewhat after falling to an 8-month low of 6,850 on October 26 but momentum indicators now suggest that the market sentiment might get worse before getting better as the RSI is reversing back to the downside after failing to break decisively above its 50-neutral threshold. The MACD also looks to be changing […]
Brent Crude Oil fell by 5.7% on Tuesday, sinking below $65 per barrel. American WTI is close to $55.50, the lowest value seen in the last year. Investors have shifted their focus away from the fears of decreasing oil shipments due to sanctions against Iran, as there are many countries on the horizon who want […]
Over the last 24 hours, the crypto market has seen a drop of $3 billion from $212 billion to $209 billion, as major cryptocurrencies including Stellar (XLM) and Cardano (ADA) have fallen by 3 to 6 percent. Peculiarly, Stellar and Cardano are amongst three cryptocurrencies alongside Zcash that are expected to be integrated into Coinbase, […]
Here are the latest developments in global markets: FOREX: The dollar index is lower by 0.2% on Wednesday, extending its losses from the previous session, which came mostly due to a recovery in the pound and euro. Sterling in particular soared after the EU and UK were reported to have reached a Brexit deal. Elsewhere, the […]
To open long positions for EURUSD, it is required: The euro rose slightly, but at the expense of reaching a preliminary agreement on Brexit, while Italy did not make changes to its budget deficit, thereby violating EU rules. It is possible to return to buying on a breakdown of the resistance of 1.1306, above which […]
Burning forecast 14.11.2018 EURUSD: the downward trend stopped. The signal for a downtrend is canceled. The euro returned to the range – only the lower limit has changed. We are ready to sell from 1.1213, stop 1.1258, target 1.100. Alternative: buy from 1.1325 and then buy from 1.1500. The material has been provided by InstaForex […]
Gold remains weak. Despite the Dollar weakness seen yesterday Gold could not move close to the $1,210-15 resistance area for a bounce. Price made a low at $1,196 and is now trading at $1,203.70. Trend remains bearish. Gold could bounce higher but overall I expect new short-term lows. Red rectangle – resistance Magenta rectangle – […]
EUR/USD has bounced as expected from 1.1230 area towards 1.13 as we expected in our previous analysis. Here at 1.13 we have short-term confluence of resistance. Previous lows that was once support is here. 38% Fibonacci retracement is here. And our own proprietary indicator resistance is here as well. Red dots – short-term maximum resistance […]
USD/JPY is currently quite indecisive and volatile after having an impulsive run above 113.00 area recently. USD has been holding the upper hand over JPY for a few days, but it is currently struggling to maintain momentum over JPY due to the US budget report which revealed deficit. In light of recent reports, US Employment […]
An intensive forex trading seminar series started by XM in Latin America two months ago reached its last two event destinations: Buenos Aires, Argentina, on 3 November and Santiago, Chile, on 10 November. Though not for the first time in Latin America with professional forex seminars, we were once again extremely pleased to host educational […]
EURGBP continues to underperform for the third week in a row, touching a 7-month low at 0.8655 on Tuesday, a mark well below the Ichimoku cloud and its moving averages. In the short-term the pair could lose more as the red Tenkan-sen line points steeply to the downside beneath the blue Kijun-sen line, while the […]
