4-hour timeframe The amplitude of the last 5 days (high-low): 85 p-78 p-102 p-94 p-55 p. The average amplitude for the last 5 days: 83 p (83 p). The EUR/USD pair ended the third trading day of the week with another, highly expected, decline. For the last couple of days, the pair was moving like […]
On Wednesday, October 24, the US dollar index against a basket of six world currencies reached a peak in the last 9 weeks, after the euro fell amid disappointing economic data in the eurozone. As of 15:45 London time, the US dollar index rose to the level of 96.10, adding 0.40% from the beginning of […]
The European Central Bank is due to conclude its two-day monetary policy meeting on Thursday, with its decision expected at 11:45 GMT. With no change in policy or to the Bank’s forward guidance anticipated at the October meeting, all eyes will be on Mario Draghi’s press conference at 12:30 GMT to hear the ECB chief’s […]
Amazon’s earnings data for Q3 will hit the markets after Wall Street’s closing bell on Thursday, with the e-commerce colossus expected to deliver another blockbuster quarterly report. Beyond earnings, investors will scrutinize the firm’s forward guidance and expectations for operating margins, in light of rising wage costs and the prospect of higher shipping expenses. The […]
Trading Plan 10/24/2018 The overall picture: The market is preparing the autumn trend. The euro is under pressure on the euro. The EU over the Italian budget deficit and the Italian populist government violates EU rules limiting the maximum budget deficit. The EU, contrary to expectations, expressed tough disagreement with the Italian deficit. The second […]
GBP / USD On Tuesday, the British pound worked exactly the entire range of 1.2936-1.3042 is defined on a relatively calm news background. At the same time, the situation becomes more complicated. On the scale of the daily chart, the price is between the balance lines and Kruzenshtern with a declining marlin oscillator. On a […]
AUD / USD Yesterday, the Australian dollar at the moment fell by 26 points, but closed the day with a slight plus and today in the Asian session, it is growing by 15 points, which is somewhat strange after yesterday’s oil collapse by more than 4%. But, on the other hand, the market for iron […]
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 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 […]
Tech heavyweight and Google parent Alphabet is due to release its quarterly earnings report for Q3 2018 on Thursday, after US markets close. The consensus recommendation for the firm is a “buy”, in line with the average recommendation for the Online Services peer group. The California-based technology titan is projected to report earnings per share […]
Yesterday, the day began with a fairly vigorous growth for the pound and the single European currency, although no serious data came out. Despite the growth rate of producer prices in Germany accelerated from 3.1% to 3.2%, and, of course, it gives hope for further inflation in Europe, this is not enough for a significant […]
The foreign exchange market is experiencing times of hope and illusions, which, as a rule, do not justify themselves. This explains the spasmodic behavior of the EUR/USD pair and other currency pairs. The US-Chinese conflict has been smoldering for six months, Brexit has been negotiating for more than two years, and the issue of the […]
Overview: The GBP/USD pair dropped sharply from the level of 1.2979 towards 1.2902. 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 below the strong resistance at […]
4 hour timeframe Technical details: Higher linear regression channel: direction – up. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – down. CCI: -84.5302 The GBP / USD currency pair rebounded from Murray’s “4/8” level and corrected to the moving average line, which failed again to reached it. At the moment, the […]
This month, the Canadian dollar has declined in value against the US dollar. This is despite the expected rate increase by the BOC and the deal between the US, Canada, and Mexico. In the month, the USD/CAD pair has moved from 1.2780 to a monthly high of 1.3133, an almost 3% increase. Today, the Bank […]
Last month, the price of crude oil rose sharply as investors braced for low supplies after Iran’s oil is cut off. The US sanctions on Iran will come into effect in a few weeks’ time. This saw the price of Brent and WTI reach four-year highs of $86.65 and $76.78 respectively. This month however, the […]
Microsoft stock price moved higher on Tuesday after finding support near the 23.6% Fibonacci retracement level of the upleg from 71.30 to 116.16, around 105.57. Also, the price rebounded on the long-term ascending trend line, however, the technical picture supports a neutral to bullish bias in the daily timeframe. Looking at the momentum indicators, the […]
EUR / USD pair The single European currency with an amplitude of 27 points yesterday, closing the session with a symbolic increase of 5 points. The European Commission rejected the budget plan of Italy, demanding a review within three weeks. Technically, growth was halted by the MACD line on a four-hour scale with the support […]
Overview: Pivot : 0.9867. 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 0.9743 (61.8% Fibonacci retracement). According to the […]
Wave counting analysis: In the course of trading on October 23, the GBP / USD currency pair added a few dozen points. Thus, small chances that the pair will go to the construction of the proposed wave 3, 5, upward trend segments, remain. However, the breakdown of the minimum of the estimated wave 4 will […]
Wave counting analysis: In the course of trading on Tuesday, the EUR / USD currency pair gained just 10 basis points. Thus, the current wave counting has not changed. A further decline in the pair is expected as part of the proposed wave 3, c, with targets located under the 14 figure. Estimated wave 2, […]
4h After the formation of a bearish divergence in the CCI indicator, the EUR / USD currency pair completed closing below the correction level of 61.8% – 1.1497. Thus, the process of falling can be continued in the direction of the next correctional level of 76.4% – 1.1424. New emerging divergences are not observed in […]
GOLD PRICES dipped below $1230 per ounce Wednesday in London, retreating over $10 per ounce from yesterday’s new 3-month highs as European stock markets rallied but Wall Street futures pointed lower yet again. With the S&P500 now down more than 7% from mid-September’s record peak, “To me the Fed is the biggest risk, because […]
Here are the latest developments in global markets: FOREX: The British pound and the euro were among the worst performing major currencies in early European session on Wednesday, losing around 0.60% against the greenback. Pound/dollar hit a fresh 1 ½-week low at 1.2898 before the UK Prime Minister Theresa May meets with her Conservative Party lawmakers […]
4h On the 4-hour chart, the quotes of the GBP / USD currency pair reversed in favor of the British currency and began the process of returning to the correction level of 23.6% – 1.3067. Quoting the quotes on October 24 from the Fibo level of 23.6% will allow traders to expect a reversal in […]
Although the European currency yesterday was trading fairly volatile in tandem with the US dollar, the trading instrument failed to get out of the side range. Italy fights back The news that the European Commission rejected the Italian budget plan for 2019 did not hurt the European currency much, as it seems that many traders […]
At the beginning of the year, the growth of the dollar was supported by four important factors: the steady growth of inflation, economic growth, the Fed’s monetary policy, and the geopolitical activity of the Trump cabinet. By the end of the year, some of these drivers have noticeably weakened, which makes it possible to predict […]
Trading recommendations: According to the H4 time – frame, I found that BTC is still trading inside of the tranding range between the price of $6.456 (resistance) and the price of $6.319 (support). My advice is to watch for a breakout of support or resistance to confirm a further direction. If you see a breakout […]
Recently, Gold has been trading sideways at the price of $1,230.00. Anyway, according to the H1 time – frame, I have found the potential end of the downward correction (regular flat), which is a sign that selling looks risky. I also found that re-test of the support ($1,228.90) after the breakout, which is another sign […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1406. According to the H4 time – frame, I found the confirmed breakout of the head and shoulders pattern in the background, which is a sign that sellers are in control and that buying looks risky. I also found successful re-test […]
