After the best week in years for a number of Asian stock markets — following the worst month in years for many — the region’s equities traded on a down note Monday amid profit-taking after surges late last week. Japan’s Nikkei NIK, -1.55% closed down 1.5% after its best week since mid-2016, following Friday’s declines […]
Overview: Pivot: 0.9951. The USD/CHF pair continues to move upwards from the level of 0.9951. Today, the first support level is currently seen at 0.9951, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 0.9951, which coincides with the daily pivot […]
Overview: Pivot point: 1.3053. The USD/CAD pair continues to move upwards from the level of 1.3053. Last 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, […]
Recently, the AUD/USD pair has been trading sideways at the price of 0.7195. Anyway, according to the M15 time – frame, I have found a potential end of the upward correction (regular flat abc), which is a sign that buying looks risky. The short- term trend is bearish and my advice is to watch for […]
Trading recommendations: According to the H1 time – frame, I found a potential end of the downward correction (expanded flat abc), which is a sign that selling looks risky. The level of $6.346 is the key short – term support and my advice is to watch for buying opportunities around this level. The upward target […]
Trading Plan 05/11/2018 Overall picture of The: the OTHER to Fed and by important events. Since November 5, the United States resumed sanctions against Iran. However, the Europeans and China are still holding the agreement with Iran. It will make it possible to decide whether or not to go for it. to overcome the resistance […]
Wave pattern graphics H4: On the beginning of June 19, the bearish wave forms a stretched plane on the graph. In the daytime wave, this section became a correction (B).This section has become a correction (B). Wave pattern graphics H1: Wave design from October 3 forms a downward zigzag. The wave lacks the final part […]
4h On the 4-hour chart, the Monday trading session began above the correction level of 50.0% at 1.2995. A fixation below the Fibo level of 50.0% will allow traders to rely on the reversal of the pair in favor of the US currency and a slight decline in the direction of the correctional level of […]
GBP / USD pair There are no data points for the US employment rate of 44 points. The intersection point of the correlation of the correlation of the curve with the indicator. It can be deepened to the Fibonacci level of 38.2% at 1.2910. The correction may decline to the support of the MACD line […]
Trend analysis (Fig. 1). On Monday, an upward trend is expected with the first target of 1.1449 – 21 average EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – down; – candlestick analysis – down; – trend analysis – up; – […]
AUD/USD In the past two days, the Australian dollar added more than 180 points. The price came out of the 10-month price channel that is moving down, and now it has acquired a new look: Apparently, the “aussie” decided to take part in a big financial game on the occasion of the elections to the […]
EUR/USD Last Friday, the US labor market data was excellent; 250 thousand new jobs were created in the non-agricultural sector in October, the share of the economically active population increased from 62.7% to 62.9%, the average wage increased by 0.2%. At the end of the day, the euro fell by 18 points, but without the […]
Morning Report: 07.00 London The US dollar is recovering from an opening gap lower which initially boosted dollar pairs this morning before they fell back as dollar buyers stepped in. The dollar index is now unchanged for the morning, holding Friday’s NFP gains which came in at much higher than expected. The USD/JPY is building […]
Here are the latest developments in global markets: FOREX: The dollar was down by 0.1% versus a basket of currencies on Monday after rising on Friday, when the US saw the release of a robust October jobs report. Sterling outperformed even though it gave up on part of earlier gains, being helped by positive Brexit […]
To open long positions for EURUSD, it is required: Euro buyers quickly left the market after the release of more than a good report on the US labor market, which continues to show phenomenal performance. At the moment, buyers of the EUR/USD need to return with a consolidation above the resistance of 1.1408, from which […]
To open long positions for GBP/USD, it is required: Today, all the movement of the pound will be formed by the data on the PMI index for the service sector, which will set the direction at the beginning of this week. Buyers of the GBP/USD need a breakout and consolidation above the resistance of 1.3020, […]
Dear colleagues. On the Euro / Dollar pair, the upward structure of October 31 is expected to develop after the breakdown of 1.1424. The pair Pound / Dollar is expected to continue moving up after the breakdown of 1.3020. The pair Dollar / Franc price is still in the zone of initial conditions for the […]
On Monday, the Asian stock market shines red, but the currency market is calm. The pound is the strongest on the foreign exchange market. The UK media reports that Prime Minister May has a secret plan that will ensure an agreement on Brexit and will be approved by the parliament. GBP / USD initially jumped […]
Despite the rebound of last week, which allowed key indices to bounce off the recent lows, the financial markets remain cautious. A new wave of pressure on Friday was spurred by the U.S. labour market report. The data for October showed growth of employment by 250K and acceleration of wage growth up to 3.1% yoy […]
On Friday, the US released the jobs numbers for the month of October. The numbers were way much more than traders had expected. In the month, the economy added more than 250K jobs. This was higher than the 190K that traders had expected. The wages rose by 3.1%, which was the fastest growth since 2009. […]
Last week was a crossover between the month of October and November. The month started with optimism after Trump’s call with China’s Xi Jinping. There were also reports that Trump had asked his senior officials to draft a potential trade deal that will be signed by China. The two leaders will meet in Argentina later […]
On Friday, Canada released the employment numbers for October. The numbers disappointed with the employment change being 11.2K. This was lower than the 12.7K that traders had expected. It was also lower than the September’s change of 63K. In the previous month, Canada had lost 51K jobs. At the same time, the participation rate declined […]
EURGBP opened with a gap down on Monday near one-month lows and is currently trying to restore its losses. Negative risks however remain in the background as the MACD increases momentum to the downside and below its red signal line. The RSI is also in bearish territory but is close to its 30 oversold threshold, […]
On Monday, the price will move up, with the first goal of 1.3066 – the rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis – up; – Bollinger lines […]
The Governor of the Bank of Japan had his speech overnight. Kuroda said the market situation has improved somewhat since the last monetary policy adjustment that took place in July. The central bank is aware that a very loose policy affects the stability of the financial market. Commercial banks take on more risk than usual, […]
The British newspapers report that the British Prime Minister has succeeded in negotiating with representatives of the European Union. The United Kingdom is to remain in the customs union. Information, for now, comes from an undisclosed source. Northern Ireland will not be treated in any special way. This probably solves the problem of the hard […]
In an official statement, the Ukrainian government confirmed its plans to establish a legal framework for the legalization of cryptocurrencies. As part of an initiative to recognize crypts as a promising emerging technology, the Ministry of Economic Development and Trade in Ukraine has published a new state policy to supervise various sectors related to cryptocurrencies. […]
We are still looking for a final dip closer to the 1.7010 target from where a corrective rally towards 1.7560 before the next downside pressure sets in for the next decline towards 1.6653. Short-term minor resistance is seen at 1.7175. This minor resistance will ideally be able to cap the upside for the final dip […]
EUR/JPY continues to follow the expected path higher towards 130.20 and possibly even closer to the 61.8% corrective target near 130.65. Support is now seen at 128.57, which ideally will protect the downside for a break above minor resistance at 129.33 for the next rally towards the 130.20 target. However, it will take a break […]
When the European market opens, some economic data will be released such as the Sentix Investor Confidence and the Spanish Unemployment Change. The US will also release economic reports such as Loan Officer Survey, ISM Non-Manufacturing PMI, and Final Services PMI. So, amid the reports, EUR/USD will move in a low to medium volatility during […]
