EUR / USD: US dollar rose, as the Fed representatives expect a further increase in US rates

Yesterday, traders closely followed the minutes of the last meeting of the Federal Reserve System, the publication of which led to the strengthening of the US dollar against a number of currencies, since the main emphasis was placed on the need for further increases in interest rates. The minutes of the meeting indicated that the […]

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Wave analysis of GBP / USD for October 18. British pound remains under the working option

Wave counting analysis: During the October 17 trading session, the GBP / USD currency pair fell by 75 basis points, so the expected wave 2 takes the 3-wave form and continues its construction. If this is true, then the decline will continue with targets located near the calculated levels of 61.8% and 76.4% Fibonacci. An […]

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Wave analysis of EUR / USD for October 18. The pair is ready to build a downward wave

Wave counting analysis: During the trading on Wednesday, the EUR / USD currency pair lost about 75 basis points. Thus, taking into account these losses, the conclusion suggests itself that the construction of the proposed wave b is completed. If this is indeed the case, the decline in quotations will continue with targets located under […]

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GBP / USD. October 18th. The trading system “Regression Channels”. There is no positive news about Brexit.

4 -hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -138.9756 The GBP / USD currency pair continues its downward movement in anticipation of the announcement of the EU summit results. Meanwhile, European Parliament President Antonio Tajani […]

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EUR / USD. October 18th. The trading system “Regression Channels”. Eurocurrency falls amid negative expectations in the negotiations

4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -210.2490 The EUR / USD instrument on Thursday, October 18th, continues its downward movement, as indicated by the blue bars of the Heikin Ashi indicator. The pair did […]

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Trading Plan for 10/18/2018

As expected, the dollar strengthened yesterday. True, somewhat stronger than expected, but this was facilitated by extremely weak data on inflation in the UK, as price growth slowed from 2.7% to 2.4%, while it expected growth to 2.8%. Such pitiable results perfectly complement the content of the minutes of the Bank of England meeting, which […]

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Technical Analysis – US 100 retains within ascending channel in long term

The US 100 index continues to move within the rising titled channel over the past nine months, stretching its upward pattern to a fresh record high. Looking at the very short-term, the price rebounded on the 6885 support in the previous week, climbing above the 200-day simple moving average (SMA). According to the MACD, the positive momentum […]

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Analysis of the divergence of EUR / USD for October 18. Dollar strengthening continues

4h The bearish divergence of the MACD indicator allowed the pair to eventually fall to the correction level of 61.8% – 1.1497. Reversing the quotations from the Fibo level of 61.8% will allow traders to count on a reversal in favor of the European currency and some growth in the direction of the correction level […]

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The dollar remains strong, thanks to the Fed’s perseverance

Following on Wednesday, the US dollar, as we expected, received support against major currencies. The main reason for this is the published minutes of the September Fed meeting. The US currency appreciably added, primarily against the euro and the British pound. On the one hand, supported by the content of the minutes of the Fed’s […]

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The forecast for EUR / USD for October 18, 2018

EUR / USD Political instability in Europe and the Middle East continues to expand, which favorably affects the dollar. The European Commission rejected the draft budget of Italy for 2019, Angela Merkel said that Germany is preparing for a tough Brexit, the US is considering imposing sanctions against Saudi Arabia over the murder of a […]

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Dollar Rises As Fed Minutes Signal More Tightening Ahead

Federal Reserve is the most important central bank in the world. This is mostly because of the central role the USD plays in the global economy because it acts as the reserve currency. Therefore, any decision the Fed makes usually leads to major impacts around the world. When the Fed tightens, the supply of the […]

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Fractal analysis of Gold, Silver, and Oil for October 18

Analytical review of Gold, Silver, and Oil According to Silver, we expect further development of the upward trend from October 11 after the breakdown of 14.73. At the moment, the price is in the zone of initial conditions. According to Gold, we are following the development of the ascending structure of September 28 and we […]

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Fractal analysis of major currency pairs on October 18

Dear colleagues. For the currency pair Euro / Dollar, the price is close to the abolition of the rising structure of October 9, for which a breakdown of 1.1478 is necessary. For the currency pair Pound / Dollar, the price has issued the expressed initial conditions for the downward movement of October 12 in a […]

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Technical Analysis – PayPal stock eases slightly; maintains long-term bullish outlook

PayPal stock has reversed back down after it failed to hit the 81.20 resistance level, achieved on July 31. The price rebounded on the five-month low of 74.40 but the technical indicators are signaling weak upside movement. The RSI indicator was moving upwards but it now appears to be turning slightly to the downside, while the MACD […]

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US Open Preview – Pound regains ground despite retail sales weakness; yuan at 2-month lows ahead of China’s GDP growth

Here are the latest developments in global markets: FOREX: The US dollar ran to a new 1-week high against the Japanese yen earlier on Thursday after FOMC minutes from the September 24-25 policy meeting affirmed the prospect of additional rate hikes until the end of 2019. However, the pair eased by 0.18% soon after to trade at 112.47. The US […]

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Fundamental Analysis of EUR/AUD for October 18, 2018

EUR/AUD has been quite impulsive, making bearish price swings. This dynamic is currently leading the price towards support area between 1.5900 and 1.6050. The eurozone has already provided a lot of downbeat economic reports recently that allowed AUD to gain momentum over EUR. As a result, this might continue to push the price much lower […]

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Technical Analysis – USDCHF touches 2-month high; bullish momentum may be easing

USDCHF’s remarkable recovery after touching its lowest since April of 0.9541 on September 21 has brought the pair to a two-month high of 0.9958 earlier on Thursday. The pair has eased a bit from that peak, though it remains roughly 400 pips above late September’s low. The Tenkan and Kijun-sen lines are positively aligned in […]

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Bitcoin analysis for October 18, 2018

Trading recommendations: According to the H4 time – frame, I found that Bitcoin is balancing at the price of $6.405. Anyway, I found that a potential ascending triangle (bullish pattern) is being in progress, which is a sign that buying is a preferable strategy. My advice is to watch for a potential breakout of resistance […]

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Analysis of Gold for October 18, 2018

Recently, Gold has been trading sideways at the price of $1,222.90. According to the H1 time – frame, I have found that Gold is in consolidation phase and that consolidation phase may end near the level of $1,218.00. I found potential end of the running flat downward correction, which is a sign that selling looks […]

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Canadian inflation & retail sales on tap; BoC rate outlook eyed – Forex News Preview

Canadian inflation and retail sales figures for September and August correspondingly will be hitting the markets on Friday at 1230 GMT. Barring a dramatic deviation from expectations, the data are unlikely to deter the Bank of Canada from hiking rates during its policy meeting next week. They can, however, affect the market’s perception on the […]

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EUR/USD analysis for October 18, 2018

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1490. Anyway, according to the H1 time – frame, I have found a potential end of the downward correction (expanded flat abc), which is a sign that selling looks risky. The price rejected from the Fibonacci expansion 161.8% at the price […]

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Technical analysis of AUD/USD for October 18, 2018

Overview: The AUD/USD pair faced resistance at the level of 0.7146, while minor resistance is seen at 0.7107. Support is found at the levels of 0.7043 and 0.6980. Also, it should be noted that a daily pivot point has already set at the level of 0.7107. Equally important, the AUD/USD pair is still moving around […]

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The immortal dollar: a new wave of strengthening on the horizon

No matter what prospects analysts promise the US currency, no matter how much noise and negatives accumulate around the dollar, it will break through, as always. What is the secret? According to JP Morgan, behind the current strengthening of the dollar and the potential for its further growth, there is mainly a factor such as […]

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Technical analysis of Gold for October 18, 2018

Gold price as explained in yesterday’s analysis has most probable made a short-term top. Prices today are lower reaching even below $1,220. This pull back is considered to be a buying opportunity for a move towards $1,250-60. However I see this pull back bottoming in lower levels and not here. Green lines – bearish long-term […]

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Technical analysis of EUR/USD for October 18, 2018

EUR/USD has broken through support levels and is now in danger of falling even lower towards 1.1430. If prices do not reverse above 1.15 today or latest tomorrow, EUR/USD bulls will be in danger of more losses. Blue lines – pitchfork Black lines – Fibonacci levels EUR/USD has reached the 61.8% Fibonacci retracement after breaking […]

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October 18th 2018: Dollar Rallies on Fed Minutes

Morning Report: 07.00 London The US dollar is holding on to yesterday’s gains as markets continued to bet on higher rate levels for the US dollar. Yesterday’s Federal reserve meeting keep up the rate hike momentum, with the FOMC apparently prepared to defy Trump. The EUR/USD reversed heavily yesterday and is slipping below 1.1500 thi […]

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