EUR / USD On Thursday, the negative news on Brexit and the fall of the British pound became the main driver of the strengthening of the dollar and, in general, investors’ withdrawal from risk. The dollar index rose by 0.34%, the S & P 500 stock index lost 1.44%, the yield on 5-year US government […]
GBP / USD Another page in the sad story about Brexit was turned over yesterday by politicians in Europe and England. It was said in it that the extraordinary November EU summit on this issue was canceled due to the lack of progress in the negotiations. Prime Minister Theresa May has officially recognized the postponement […]
USD / JPY The yen got into a difficult political and technical situation. On Thursday, British Prime Minister Theresa May reported that the official date of the country’s withdrawal from the EU could be postponed a few months later due to the lack of agreement on the deal so far. The US stock index S […]
Analytical review on 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 […]
Dear colleagues. For the Euro / Dollar currency pair, we are following the downward structure of October 16 and we expect to continue downwards after the breakdown of 1.1425. For the currency pair Pound / Dollar, we are following the descending structure from October 12 and we expect the continuation of the downward movement after […]
To open long positions on EUR / USD pair, you need: All hopes for a deal between the EU and the UK during the EU summit did not bring results, which pulled the European currency down. At present, it is best to return to long positions after the formation of a false breakdown in the […]
Various factors put pressure on the euro including the problem of the Italian budget, the slowdown of the Chinese economy and the failure of the Brexit talks. Euro weakness allows dollar bulls to the test weekly EUR/USD lows without any extra effort. The bears of the EUR/USD pair were able to overcome the mark of […]
GOLD PRICES slipped but held on track for the highest Friday finish since July for Dollar and Euro investors today, as the United States issued what one analyst reckons is a “final warning” to China over currency manipulation and Italy’s cost of borrowing rose to new 5-year highs compared to German Bund yields. Trading […]
To open long positions on GBP / USD pair, you need: The situation with Brexit puts traders in a dead end. Long positions can only return today if the support level of 1.3002 is reached with the formation of a divergence on the MACD indicator, which will lead to a sharp increase and closure of […]
Here are the latest developments in global markets: FOREX: The euro reached a new 10-day low at 1.1431 against the US dollar earlier on Friday after the European Commission sent a cautionary letter to Italy over the submitted draft of their budget plan. However, euro/dollar managed to pare its losses, rising by 0.10% to 1.1462 later in the […]
The Germany 30 index has lost considerable ground after late August’s peak of 12,460.50, eventually falling to a near two-year low of 11,395.00 on October 11. It is currently trading approximately 200 points above this nadir. The Tenkan- and Kijun-sen lines are negatively aligned, attesting to the negative short-term bias. Notice though that the former […]
Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined up, comprising the European Central Bank, the Bank of Canada, the Riksbank and the Norges Bank, only the BoC is anticipated to take action next week. The preliminary reading of third […]
EURAUD has declined considerably over the last couple of weeks after it found strong resistance obstacle on the more than three-year top of 1.6350. The price dipped below the simple moving averages (20- and 40-SMAs) which are ready to post a bearish crossover soon. It is worth mentioning that the price seems to be in a […]
The US 500 index posted considerable losses in early October, falling below its 50- and 200-day simple moving averages (MA) before finding support near a long-term uptrend line drawn from the lows of February 2016, and subsequently rebounding somewhat. The index has now crossed back above its 200-day MA, which keeps the broader outlook cautiously […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1467. According to the M30 time – frame, I have found that fake breakout of yesterday’s low at the price of 1.1448, which is sign that sellers got trapped. I also found the bullish breakout of 3H balance, which is another sign of […]
Overview: The Swissy is still calling for strong bullish outlook today. The USD/CHF pair continues to trade upwards from the level of 0.9875. The pair rose from the level of 0.9875 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support 1 is seen at […]
Bitcoin has been recently broken below $6,500 after certain correction for a few days above it, poised to move higher in the coming days. Though the price broke below $6,500 area with a daily close, the break was not quite impulsive to sustain the bearish momentum. Moreover, the price has formed Bullish Divergence which is […]
Overview: The USD/CAD pair has broken resistance at the level of 1.3000, which acts as support now. So, the pair has already formed minor support at 1.3000. The strong support is seen at the level of 1.2945 because it represents the weekly support. In the H1 time frame, the RSI and the moving average (100) […]
GBP/JPY has recently broken below the corrective range support area of 147.00 from where the price is expected to push lower in the coming days. As of the recent worse economic reports of GBP, in the meantime, JPY gained good momentum in the process which is expected to lead to further bearish pressure in the […]
USD/CHF has been quite impulsive with the bullish momentum recently which lead the price to reside at the edge of the 0.9980 area currently. Despite the recent struggles faced by USD due to worse economic results, CHF has been dominated quite well along the way. USD has been struggling with the economic results this week […]
GBPJPY has been edging higher over the last couple of sessions in the 4-hour chart, following the rebound on the one-month low of the 145.80 support level. The RSI indicator is confirming this movement as it is approaching the threshold of 50. Furthermore, the %K line of the stochastic oscillator created a bullish cross with the […]
CHI50 stock index is currently building its biggest green candle of the year in the four-hour chart and in the daily timeframe as well, reversing losses which led the price to a one-month low of 10,689 on Thursday. The technical picture though supports that the price might lack direction in the short term as the RSI approaches […]
SubMinuette (m30) Euro vs US Dollar Previous review from 10/15/2018 19:57 UTC + 03. ____________________ The development of the Euro major currency movement in the next two days, October 18-19, 2018, will be conditioned by working out of the levels of the equilibrium zone ( 1.1498 <-> 1.1513 <-> 1.1527 ) of the Micro forks. […]
Soybeans are some of the most important exports from the United States. They are grown in the middle American states like Iowa, Missouri and Nebraska. The US is endowed with good weather and flat and fertile land that is ideal for this type of agriculture. This year, soybeans and the entire agricultural sector has been […]
This was an important week for the crude oil market. As the week started, investors were focused on the ongoing tensions between the United States and Saudi Arabia. This was important because the two countries are the largest crude oil exporters in the world. The US produces more than 14 million barrels of oil per […]
Here are the latest developments in global markets: FOREX: The dollar index is a touch higher on Friday (+0.08%), adding to the gains it recorded in the prior session and looking set to end the week meaningfully higher. The pound was the worst performer on Thursday amid a lack of progress on Brexit and downbeat UK […]
Data from China were a slight disappointment, as GDP growth in the third quarter slowed to 6.5% y / y from 6.7% against the 6.6% forecast. In the commentary to the data, it was written that pressure on growth inhibition is growing in China. September retail sales increased by 9.2% y / y and industrial […]
USDCAD posted two strong green days this week to touch one-month highs at 1.3087 and is set for its third weekly gain today. Technically the pair could face further upside in the short-term as the RSI moves positively above its 50 neutral mark and the MACD strengthens above its red signal line and marginally above […]
The content of the FOMC minutes of the meeting for September 26, published on Wednesday evening, did not become a revelation for investors. Yet, the general tone was still slightly more aggressive than predicted. The markets reacted with a decrease in stock indices since they did not see signs of a likely decrease in the […]
Wave pattern of the H4 chart: The last wave of this scale is directed downward, completing the bearish wave of D1. Wave pattern of the H1 chart: On September 21, a new downward zigzag started in the direction of the dominant trend. In recent weeks, the correctional part (B) has been formed. Wave pattern of […]
