Trend analysis (Fig. 1). On Wednesday, the price will move up with the first goal of 1.3358 on the upper fractal, but before lunch, there is a high probability of downward rollback. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis […]
It is recommended that supporters of trading on a large scale of the schedule refrain from trading until the completion of the entire wave of correction. Intraday traders can make short-term instrument purchases. Wave pattern on the H4 chart: The last wave of this TF is included in the downward trend of the pair, observed […]
To open long positions on the GBP / USD pair, you need: The pound strengthened against the US dollar after the publication of the results of elections to the US Senate, announcing that the Republicans won. In order to maintain an upward trend, buyers need a breakdown of resistance at 1.3138, which will open the […]
The results of the midterm elections to the US Congress create a situation of a divided parliament, in which Republicans retain control of the Senate and the Democrats get a majority in the House of Representatives. The new balance of power creates significant difficulties for Trump in the development of tax reform. The probability of […]
Wall Street and Asian markets lost momentum after Democrats in the United States took control of the House of Representatives, gaining the opportunity to block political and economic decisions of President Donald Trump. However, what is happening had a positive effect on European stocks. Growth is expected here and the main European indices already confirm […]
Overview: The USD/CAD pair continues to trade upwards from the level of 1.3053.The pair rose from the level of 1.3053 (the level of 1.3053 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3140. Today, the first support level is seen at 1.3053 followed by 1.3003, while daily resistance 1 is seen […]
GOLD PRICES held little changed after yesterday’s drop on Wednesday as the US mid-term election results split power in Washington and new data said China’s huge foreign exchange reserves shrank to an 18-month low in October. While the Republicans grew their majority in the Senate, the Democrats retook control of the House – a […]
Brent Crude Oil reversed from support zone Further gains are likely Brent Crude Oil recently reversed up from the support zone lying between the pivotal support level 71.40 (which has been reversing the price from June), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward price trend from February. The upward […]
NZDUSD broke resistance zone Further gains are likely NZDUSD continues to rise after the earlier breakout of the resistance zone located between the key resistance level 0.6700 (top of wave 4 from September) and the 61.8% Fibonacci correction of the previous downward impulse from July. The breakout of this resistance zone accelerated the active impulse […]
Here are the latest developments in global markets: FOREX: As was widely anticipated, Democrats took control of the House and Republicans retained the majority in the Senate in the mid-term US elections. The dollar index opened with a gap down on Wednesday, slipping to a 2-month trough of 95.67 before inching up to 95.81 (-0.52%). Dollar/yen […]
GBPAUD has steadied after dropping to an 8-week low of 1.7860 October 30. The pair rebounded to a one-week high of 1.8147 yesterday but is being capped by the long-term ascending trend line, which has been serving as both support and resistance ever since prices first dipped below it in August. A break above this […]
Since September 13, the GBP/USD pair has been demonstrating a successful bullish breakout above the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090. On September 21, the GBP/USD pair failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook turned to become bearish within the depicted H4 bearish channel to […]
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. On September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the EUR/USD bulls failed […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1500. According to the H4 time – frame, I found that price made a breakout of the supply trendline in the background, which is a sign that buyers are in control. I have also found that price rejected from the support […]
Cocoa is one of the most popular commodities in the market. It is used in the manufacture of confectionaries and beverage products. Therefore, if you have a sweet tooth, chances are that you consume cocoa-made products regularly. Unlike other agricultural products like corn, cocoa is mostly a discretionary commodity. As a discretionary commodity, the product […]
Bitcoin market dominance has fallen to a monthly low of just over 51% of the overall market capitalization while Ripple and Bitcoin Cash have both rallied multiple percentage points over the past week. Bitcoin’s overall value in the cryptocurrency market is an important barometer in the progress of the space as a whole. If Bitcoin […]
Chinese trade data for October are due on Thursday. The ongoing Sino-US trade dispute has rendered such releases somewhat more important, with the numbers likely to be scrutinized for any negative effects stemming from US tariffs. As is usually the case, the Aussie will also be attracting attention after the figures are made public due […]
EURJPY has jumped considerably following the rebound on the two-month low of 126.60, hitting a new two-week high of 129.88 earlier today. The technical indicators are confirming the recent upside movement. The RSI is ready to jump into the overbought zone, while the MACD surpassed the trigger line in the bullish zone. If prices are […]
Here are the latest developments in global markets: FOREX: The dollar is lower by 0.28% against a basket of six major currencies on Wednesday, weighed down by the results of the US midterm elections, which produced a split Congress – dampening the prospect for any further tax cuts. Meanwhile, the pound continued its Brexit-induced march higher, […]
This week, the formation of a local accumulation zone continues which does not violate the rising medium-term structure. Purchases from NKZ 1/2 1.3071-1.3061 must be kept on. Upward movement remains a priority which allows you to hold a long position. With the test of the last week maximum, it is necessary to transfer the purchases […]
In our previous analysis we explained that in the short-term prices seem to want to move higher as the technical setup favors a move towards 1.15-1.16. The longer-term trend remains bearish but in the short-term we have more signs of strength. Light blue dots – medium strength support Dark blue dots – maximum strength support […]
Gold price challenged resistance at $1,236 yesterday, it got rejected and pulled back towards the 61.8% Fibonacci retracement support. In our last analysis, I mentioned that as long as price is below $1,240, the chances of another pull back towards the 61.8% Fibonacci retracement remain high. Only a close and break above $1,240 would cancel […]
EUR / USD So this morning, the final results of the elections to the US Congress will be known. They began with the increased optimism of the Democrats as the preliminary surveys of consulting agencies predicted a victory for them. And even the dollar that weakened under this PR by 0.11%. Euro rose 18 points. […]
Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing some dollar weakening. It should be noted that market movements are very moderate. The dollar index sank by 0.2%. Futures for S&P500 has added about the same amount. The Democrats got control […]
U.S. stock futures held onto gains on Tuesday after media projections showed the Democrats winning control of the House of Representatives in U.S. midterm congressional elections. With President Donald Trump’s Republican party holding onto their majority in the Senate, according to CNN, NBC and ABC News, the results were in line with expectations on Wall […]
AUDUSD recorded a stunning rally last week, surpassing the long-term descending trend line. Earlier today, the pair reached a fresh six-week high of 0.7271 but returned quickly near its opening level. The price has almost violated the fall off 0.7314 turning somewhat neutral, with the technical indicators suggesting further upside to folllow up. Looking at the daily timeframe, the […]
As expected, the Democrats have returned the House of Representatives from the hands of the Republicans, but in the Senate, the latter has an advantage. Although not all of the votes are counted, it is already known that the Democrats received at least 23 seats in the House of Representatives, taking over the majority in […]
Burning forecast 07.11.2018 EURUSD: A signal to trend up. The EUR/USD rate has broken the daily order level to the top of 1.1455 on the results of elections to the US Congress. On Thursday at 18.00 London time, the Fed decision on rates. We keep buying from 1.1455, stop 1.1410, target 1.1730. Alternative: Selling from […]
Trading plan 07.11.2018 The overall picture: Trump lost the lower house to the Democrats. Midterm elections to Congress were held in the United States. Republicans lost a majority In the house of representatives – but retained a majority in the Senate (and even strengthened it somewhat). Trump, of course, called the election a victory – […]
The elections to the House of Representatives and to 1/3 of the Senate are held today in the USA. Markets should wait for results. Theoretically, if the Democrats win the majority in the House of Representatives (in the Senate it will almost certainly be impossible for them to do this), actions should react in declines, […]
