EURAUD lost more than 500 pips after touching a more than three-year high on October 11. Earlier on Thursday, it hit a two-month low of 1.5821. The Tenkan- and Kijun-sen lines are negatively aligned in support of a bearish short-term bias; it should be kept in mind though that the Chikou Span may be signaling […]
Bitcoin has been quite impressive with recent bullish gains under overall extreme bearish pressure since it broke below $6,500. The price rebounded higher amid intense impulsive pressure which engulfed previous corrections and bearish momentum with ease. The price is currently residing above the dynamic levels like 20 EMA, Tenkan, and Kijun line while being inside […]
USD/CHF has been quite impressive with recent bullish gains. As a result, the price is holding above 1.00 area but currently moving lower with impulsive momentum. USD has been holding the upper hand over CHF. USD is picking up steam ahead of NFP. However, today’s CHF gains indicates volatility and counter trend momentum for the […]
The Apple stock price turned lower after the pullback on the all-time high of 233.50 and has been developing below the 50-day simple moving average (SMA) since the middle of the preceding week, painting a bearish picture in the short-term. The RSI is flattening near the neutral threshold of 50, while the MACD oscillator is […]
EURGBP has moved considerably lower after touching a one-month high of 0.8939 on Tuesday. The pair is currently trading not far above a nine-day low of 0.8804 touched earlier on Thursday. The RSI turned lower over the past couple of days, entering bearish territory below 50; this is a sign of short-term momentum shifting to […]
GOLD PRICES rallied back near last week’s closing level for US and Euro investors on Thursday, as major stock markets struggled to extend their 2-day bounce and the UK central bank said business investment is slowing because of Brexit uncertainty. The MSCI World Index hasn’t risen for 3 days running since mid-September. With […]
Here are the latest developments in global markets: FOREX: Pound pairs were trading notably higher early in the European session, benefiting on reports the EU and the UK have reached a tentative agreement to allow British financial services companies to have a continued access to European markets after Brexit. It should be kept in mind though that the UK’s Brexit negotiator said that […]
USDCHF topped at 1.009 on Wednesday, at the highest since March 2017, but with the RSI in the four-hour chart fluctuating near its 70 overbought threshold in the past couple of days, chances for a downside reversal were high and thus the price pulled back today. The indicator is currently a shy above its 50-neutral […]
NZDUSD recorded a stunning rally over the last three sessions in the 4-hour chart, creating a new one-month high of 0.6615. Currently, though, the pair is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The RSI is moving marginally south after the bounce off […]
Trading recommendations: According to the H1 time – frame, I found that BTC reached my downward taget at the price of $6.174. Anyway, the price rejected strongly after the test of support but we got another potential buying climax, which is a sign that buying around $6.270 looks risky. My advice is to watch for […]
On September 13, the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090 failed to offer enough bearish pressure on the pair. Since then, the GBP/USD pair has been demonstrating a successful bullish breakout so far. On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook […]
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 October 10, a recent decline below 1.1520 found its way towards the price level of 1.1420. However, temporary bullish recovery around 1.1430 pushed the EUR/USD pair above 1.1520 until a […]
Bitcoin prices and trading volume might keep plummeting, and the current bear market could last another 18 months. That’s the sobering assessment of Arthur Hayes, the CEO of the Bitcoin Mercantile Exchange (BitMEX), the world’s largest bitcoin derivatives trading platform. Hayes started trading crypto full-time in 2013 after losing his job as an equities trader […]
Recently, the GBP/USD pair has been upwards. As I expected, the price tested the level of 1.2919. According to the H1 time – frame, I have found a breakout of the 5-day downward channel, which is a sign that buyers are in control and that selling looks risky. I have also found a rising trendline […]
Recently, Gold has been trading sideways at the price of $1,224.20. Anyway, according to the H4 time – frame, I have found that price made a successful breakout of the well-defined resistance trendline (diagonal), which is a sign that buyers took control from the sellers. I also found the end of the downward correction (abc […]
There is a downward channel from January 2008 on the market. Having been tested the line, the price since February 2018 is moving down. In October, thanks to the line of 1.1303 (white thin line). In November, the upper recoil performance is high. Trend analysis (Fig. 1). After testing the support line, the price in […]
The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia, but analysts warned the worst was yet to come. In a sign conditions for exporters and factories were deteriorating, manufacturing surveys showed marginal growth in China, a slowdown in […]
Yesterday, sterling rose sharply against the USD after the Brexit minister said that a deal with the EU will likely be ready by November 21st. This was a broad pledge that he was forced to take back. This is because of the complexity of the ongoing Brexit negotiations. In October, the hope was that the […]
In November, the following will be the main factors that will likely move the market. USA Mid-Term Elections Next week, United States will go through the mid-term elections. This will be an election to elect the congressmen and senators. Presently, the republicans hold the senate and the house. Investors will watch the race closely because […]
The current week will wrap up with the most important monthly release out of the US, namely the country’s jobs report due at 1230 GMT. Wage growth is anticipated to again attract the lion’s share of attention out of October’s report. A beat on this front will theoretically more conclusively put on the table a […]
Employment numbers will be watched out of Canada on Friday at 12:30 GMT as investors are on the lookout for fresh rate clues after the Bank of Canada said it could move quicker in removing monetary stimulus. The BoC’s increased confidence on the rate outlook hasn’t transpired to a stronger Canadian dollar, however, as market […]
Overview: The GBP/USD pair fell from the level of 1.2979 towards 1.2902 then it set around 1.2829. Right now, the price is set at 1.2913. It should be noted that volatility is very high for that the GBP/USD pair is still moving between 1.2979 and 1.2902 in coming hours. Furthermore, the price has been set […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3053. This week, 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 […]
Good data on the US labor market was supported on Wednesday by the US dollar, which strengthened against a number of world currencies. Signs of continued employment growth raise the likelihood of further increases in interest rates by the Federal Reserve next year. According to ADP, the number of jobs in the US private sector […]
To open long positions on the GBP / USD pair, you need: Regular rumors on Brexit supported the pound today in the Asian session. Now, it is expected that an agreement will be reached by November 21. As for purchases, it is best to wait for the decision of the Bank of England on interest […]
Here are the latest developments in global markets: FOREX: The dollar index is down by a little more than 0.4% on Thursday, looking set to post its first daily decline in four sessions. The British pound, and to a lesser extent the euro, benefited from reports that UK financial services firms will continue to have access […]
To open long positions on EUR / USD pair, you need: The European currency recovered slightly after the update of the next monthly lows after the publication of yesterday’s statistics for the eurozone. While the trade is conducted above the intermediate support of 1.1330, the demand for the euro will remain and both the breakthrough […]
American markets added on Wednesday, finishing the last trading session of October by a growth of 1.1% on S&P500 and 1.0% of DJI. However, October became the worst in the last 10 years, causing a decline of major U.S. indices by more than 7%. On Thursday morning, the markets show mixed dynamics. Futures on S&P500 […]
USDJPY is losing some ground after the sharp jump in the previous days towards a three-week high of 113.40, reached on Wednesday. It’s noteworthy that the price successfully surpassed the 20- and 40-simple moving averages (SMAs) but created a bearish crossover in the daily timeframe, indicating a possible negative retracement. Zooming into the technical indicators, the RSI indicator […]
On Thursday, the 1st of November, the event of the day is the Bank of England interest rate decision, but the global investors should keep an eye on the other data, like CPI data from Switzerland, PMI Manufacturing data from the UK, Unemployment Claims, Continuing Claims and ISM Manufacturing data from the US. There is […]
