Trading Plan 12/11/2018 Overall picture: a new round of dollar growth. On Monday morning, the euro and the pound showed a fall against the dollar. Experts believe that the reason is due to the new problems that arose around the EU agreement – Britain on Brexit – maybe, the experts are right. It is possible […]
4h The EUR / USD currency pair, after the rebound from the correctional level of 61.8% – 1.1497, continues the process of falling in the direction of the Fibo level of 100.0% – 1.1303. The rebound of the pair on November 12 from the correction level of 100.0% will make it possible to expect a […]
Gold price has broken through all support levels and the bullish scenario for a move towards $1,260 has been canceled. Gold price was very weak and the rejection at $1,240 has cost bulls a lot. Trend is bearish for the short-term again as the sideways range trading has broken to the downside. Red rectangle – […]
The US dollar ended the week on a positive note, reaching a local maximum at the end of October on the wave of the Fed’s firm position and then following the course of normalizing monetary policy. The uncertainty associated with the general situation in world markets due to the trade wars unleashed by the United […]
Last week was an important one for the market mostly because of the US mid-term elections and the Federal Reserve. This week, the market may be relatively calm, with no major central bank expected to release its interest rates decision. This article will look at the biggest news that traders will look at this week. […]
On Friday, the United Kingdom released the GDP numbers for the second quarter. The numbers were in line with the expectations. On an annualized basis, the economy expanded by 1.5% in the third quarter. This was higher than the growth of 1.2% in the second quarter. The manufacturing data showed improvements in the sector. Manufacturing […]
The US dollar continued its rise, reaching near the 16-month high. The dollar’s rise was mostly because of the announcement by the Fed that more tightening was needed in last week’s meeting. This means that the likelihood of the Fed continuing to raise rates in December were extremely high. This will be the fourth rate […]
Gold dived to a fresh one-month low of 1203.83 today after recording six negative days in a row. The price seems to hold far away from the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, which are sloping to the downside, endorsing the negative view. The Relative Strength Index declined to the oversold zone, indicating bearish sentiment, while the […]
Here are the latest developments in global markets: FOREX: The dollar soared to fresh 16-month highs against a basket of six major currencies on Monday, building on its gains from Friday, even without any fresh catalyst or news out of the US. Instead, the greenback seems to be taking advantage of softness in the pound […]
EUR/USD is making new lows towards 1.1280 as expected from last week. The rejection at 1.15 and the break below 1.1380 were the important points of last week that showed us that the longer-term bearish trend was intact and that the short-term bounce was over. New lows were expected and no trader should be surprised. […]
GBP / USD On Friday, the British pound fell by 89 points focusing on supporting the Krusenstern trend line on the daily and H4 charts simultaneously. This morning, the opening of the market happened with a gap of 55 points. Now, the price needs to be closed and then move to target 1.2802 – support […]
Last week, the downward movement resumed, which allowed to observe the formation of a reversal pattern. Today, the pair tested the weekly short-term CP 1.1316-1.1198. This will determine the further priority for the week. Today’s trading plan should take into account the fall of last week, which indicates a downward priority. Any growth should be […]
The American dollar has been showing growth during the last four weeks, managing to return to the annual highs area. After all, it had closed the Friday session at the highest level in 16 months. Despite the drawdown at the beginning of the week, caused by the traditional pressure on the currency due to pre-election […]
EURUSD had a bearish start on Monday, with the price breaking a crucial support at 1.1300 to drop towards 1.1267, the lowest since June 2017. The pair has also increased distance below its negatively sloped moving average lines and the Ichimoku cloud, indicating that the recent downtrend might hold for longer. Momentum signals are bearish […]
To open long positions for GBP/USD, it is required: Buyers of the pound are in no hurry to return to the market, as there are no changes with Brexit, and November 20 is getting closer and closer. You can count on long positions after the return and consolidation at the resistance level of 1.2907, which […]
USD / JPY On Monday morning, the yen is near Thursday close. small Friday decline today in the Asian session is almost played. The situation continues to rise steadily with the goal of 114.90 – the trend line of the price channel. Today, Japan’s producer price index for October showed a slight decrease from 3.0% […]
Trend analysis (Fig. 1). On Monday, the price will move downwards, with the first target – a pullback level of 50.0% – 1.2935 (blue thin line). Upon reaching this level, you can move up. Rice. 1 (daily chart). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – […]
Trend analysis (Fig. 1). On Monday, the price will move down with the first target – support line of 1.1300 (blue thin line). Upon reaching this level, you can move up. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – […]
To open long positions for EURUSD, it is required: Friday’s data on the US economy led to another fall in the European currency. Today, market volatility can be extremely low, especially in the afternoon due to the Veterans Day holiday, which is celebrated in the United States today. In the first half of the day, […]
EUR / USD The Euro continues to decline. Not much remains to the target level of 1.1300. Fixing the price under it will open the next target which is 1.1200, followed by 1.1100. Today is a public holiday in the USA and Canada. The Euro is likely to remain in consolidation above 1.1300. The Marlin […]
Dear colleagues. For the currency pair Euro / Dollar, we are following the development of the downward cycle of November 7. For the Pound / Dollar currency pair, we are following the development of the downward structure from November 7 and we expect the continuation of the downward movement after the breakdown of 1.2910. For […]
On the weekly chart, the price moved up and tested the retracement level of 1.485 (blue dotted line) and went down. A significant role in this was played by fundamental analysis. In the coming week, moving down after a re-test of the support line at 1.1297 (white thin line), it is possible to move upward […]
When the European market opens, some Economic Data will be released such as Italian Industrial Production m/m. Today, the US will not release any Economic Data, so amid the reports, the EUR/USD pair will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1385. Strong Resistance:1.1378. Original Resistance: […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y and PPI y/y, and the US will not release any Economic Data today. So there is a probability that the USD/JPY pair will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 114.55. Resistance. 2: 114.32. Resistance. 1: […]
Maduro wants ‘his’ gold. London says ‘No’… SO the DASTARDLY Bank of England is refusing to give Venezuela its gold back, writes Adrian Ash at BullionVault. The government of Nicolás Maduro simply wants to take possession of what it still holds in London – some 14 tonnes of bullion bars apparently – because […]
The US dollar will soon decline against the British pound and the euro area currency. This forecast was shared by analysts Morgan Stanley and told why under such circumstances, it is more profitable to sell one European currency against another. The dollar will weaken due to the fact that the level of political uncertainty in […]
In September, negotiations on the revision of the terms of the agreement on the North American free trade area USMCA (formerly NAFTA) between the USA, Canada, and Mexico were completed. After a long period of disputes, the parties were able to resolve the main issues, and the agreement should be signed on the 30th of […]
Analysts of the French bank Natixis believe that in the future, gold will have an excellent opportunity to grow against the background of a slowdown in the rise of the American economy and a weakening dollar. “We believe that the deterioration of economic indicators in the United States and the depreciation of the US currency […]
According to a number of experts, this year, black gold can still jump in price to $ 100 per barrel. “We believe that in the rest of the year, the oil market will most likely incline to an upward trend. In November-December, as a rule, an increase in demand for raw materials from the refinery […]
Dollar bulls regained control of the market after the announcement of the results of the midterm elections in the United States. It took them only a day. The previously shaken greenback is being restored, the Fed meeting was without surprises. The rate was expectedly saved, there was no mention of the deterioration of macro statistics. […]
