We are looking for upside acceleration as red wave iii/ is developing towards 1.8345. Short-term we would like to see a break above minor resistance at 1.7557 as confirmation that red wave ii/ has completed and red wave iii/ is developing. Only an unexpected break below support at 1.7355 will revive the correction in red […]
We expect that support at 128.72 will be able to protect the downside for a new impulsive rally in blue wave (3) towards 136.84. Only an unexpected break below 128.30 will revive the correction in blue wave (2) and call for a dip closer to, but not below important support at 126.86. Short-term a break […]
When the European market opens, some economic data will be released such as Consumer Confidence and German PPI m/m. On the US dollar’s front, the US will present Richmond Manufacturing Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1521 Strong Resistance:1.1514 […]
In Asia, Japan will release the BOJ Core CPI y/y. On the US dollar’s front, the US will present Richmond Manufacturing Index. So, there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance 3: 113.30 Resistance 2: 113.08 Resistance 1: 112.86 Support 1: 112.58 […]
GBPUSD has reversed back down after the pullback on the 1.3255 resistance level, while it dipped sharply on Monday below the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2660, near 1.3066. Also, cable is holding well below the 20- and 40-simple moving averages (SMAs) which are ready to create a bearish crossover. The short-term bias […]
Of course, there was a lot of talk that the dollar is strengthening and the like, but if you look at the weekly charts, it appears that the turbulence was fun, but again it all came down to trampling on the spot. Indeed, the dollar looked very good for almost the entire week, but at […]
The pound paired with the dollar after a slight recovery has once again collapsed into the area of the 29th figure, reacting to the negative news background around Brexit. The immediate reason for the decline in the GBP/USD was the news that the deputies from the Democratic Unionist Party (DUP) together with the conservatives (or […]
The euro resumed its decline paired with the US dollar, as well as the British pound, which continues to remain under pressure amid uncertainty over Brexit. Italy responded with a clear “no” Today’s statements by the Italian government on the increase in public debt and budget deficit led to selling thee European currency, which rose […]
Against the background of an almost empty economic calendar, traders of the euro-dollar pair focused on Italy, whose authorities can not find a compromise with Brussels on the issue of the national budget. The information hype around this problem is somewhat contradictory, so the EUR/USD pair managed to reach the middle of the 15th figure […]
The British pound can not find solid ground in the political swamp. Brussels is ready to extend the transition period after March 2019, but the Conservative party resists. Theresa May is considering waiving her claims on the Irish border, but may therefore receive a vote of no confidence. Internal contradictions are so strong that the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 98 p-95 p-93 p-116 p-93 p. The average amplitude for the last 5 days: 99 p (103 p). If the European currency fell on the first trading day of the week, the British pound also fell. And it’s not about the Italian budget. A whole […]
4-hour timeframe The amplitude of the last 5 days (high-low): 67 p-55 p-85 p-78 p-102 p. The average amplitude for the last 5 days: 77 p (72 p). The first trading day of the new working week ended with a new fall for the EUR/USD pair, not too strong, but still. The price perfectly worked […]
Morning Report: 07.00 London The dollar index is recovering somewhat this morning after moderate selling on Friday. Markets are generally quiet despite the potential risk factor of Trump removing the US from the nuclear treaty with Russia. The AUD/USD is making small losses after a positive session on Friday, that saw support around 0.7100 hold. […]
Prospects for global growth in 2019 for the first time in a long time do not look the best. Experts believe that the trade conflict between the US and China, as well as the tightening of financial conditions, may cause a decline. In early 2018, optimism about the steady growth of the global economy was […]
David Lennox, an analyst at investment firm Fat Prophets, believes that in the future, the value of gold will receive support from accelerating inflation in the United States and weakening the US national currency. “Recently, the dollar has been showing high volatility. In addition, many investors leave the stock market. Under these conditions, gold is […]
To open long positions on GBP / USD, you need: The pound is declining against the background of big problems with the leader of the CDU and British Prime Minister Theresa May. The conservatives gave her 72 hours to resolve Brexit-related issues, otherwise, May would lose her post. The purchases should be counted only after […]
To open long positions on EUR / USD, you need: Buyers failed to cling to the resistance level of 1.1535, which led to the sale of the euro. The level of 1.1510 was also missed. Now, the task for the second half of the day is to return and consolidate above the resistance of 1.1515, […]
The movement of the euro and the British pound is becoming increasingly sensitive to geopolitical factors, such as Italian budget issues and Brexit negotiations, they have a more noticeable effect every day. The euro began a week of growth against the backdrop of a statement by the Italian Prime Minister that the government is ready […]
Boeing’s earnings report for Q3 2018 is due before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Aerospace & Defense peer group. The plane maker’s outlook may well depend on how it performs in China, with the ongoing Sino-US […]
On Monday, October 22, global oil prices are moderately rising due to the high likelihood of reduced supply in the market. Such sentiments are due to the introduction of US sanctions against Iran’s energy sector, experts say. The cost of futures for North Sea Brent crude oil for December delivery rose to 0.3% to $ […]
According to some analysts, the price of a white metal, despite some decline, has a good chance of increasing. Experts remind that in the current year, silver has perfectly proved itself, successfully competing with gold. Experts believe that the active struggle was not in vain for the value of the metal with a white-silver tint. […]
Trading Plan 10/22/2018 The overall picture: The market is preparing the autumn trend. The currency pair EUR / USD showed a reversal upward, the pound returned to the range. The issue of the EU-Britain agreement, the main issue of the past week, is not resolved but postponed. In Britain, there is a softening of the […]
Trend analysis (Fig. 1). On the weekly price chart, it will move up with the target of 1.3258, the upper fractal. Fig. 2 (weekly schedule). Comprehensive analysis: – Indicator analysis – down; – Fibonacci levels – neutral; – Volumes – up; – Candlestick analysis – up; – Trend analysis – up; – Bollinger lines – […]
The Canadian economy has done well this year, receiving support from the improving crude oil market. The announcement of a US, Mexico, and Canadian trade deal has also provided support for the Canadian economy. This is mostly because of the central role the United States plays in the Canadian economy. Every year, the country exports […]
Last week was a big one for the financial market in multiple fronts. In Europe, the European Union fumed about Italy’s budget proposal while the anticipated Brexit deal failed to yield any results. In the Middle East, Saudi Arabia continued to think about its response to the accusation about the killing of a journalist. In […]
On Friday, Canada’s statistics office showed that the country’s inflation numbers were lower in September compared to the estimates. In the month, the CPI numbers were at 2.2%, which was lower than the expected 2.8%. The retail sales as well fell. This happened ahead of the important interest rates decision by the Bank of Canada. […]
Euro buyers need a correction for a new wave of growth and a reversal of the trend. Eurozone current account balance has grown while sales in the secondary housing market of the United States declined again. The euro managed to rectify its position, which at the close of the day allowed the bears to capture […]
GOLD PRICES slipped Monday morning, dropping $12 per ounce below last week’s 2.5-month high as China’s stock market rallied at its fastest since 2015 on a raft of ‘support’ promised by Beijing, writes Atsuko Whitehouse at BullionVault. Europe and other Asian equity markets rose less steeply, while gold prices traded down to $1221.50 per […]
EURGBP has advanced considerably today and is set to complete the third consecutive green day, recording a new two-week high near the 0.8850 resistance level. Short-term momentum indicators are supporting this bullish mood. The RSI is already above its neutral 50 line and is pointing higher, detecting accelerating upside speed. Moreover, the MACD is within negative […]
Wave pattern of the H4 chart: As part of a larger daily wave on the graph since July 19, a downward correction is formed. In its appearance, the wave structure is more like a stretched plane. The first 2 parts (A-B) are completely formed. Wave pattern of the H1 chart: In the structure of the […]
