The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800 The GBP/USD pair was recently testing the depicted downtrend line which came to meet the pair around 1.3025-1.3090. This week, the pair has been demonstrating a successful bullish breakout so far. This […]
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. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. On […]
Trump’s administration announced the introduction of 10%-tariffs for Chinese imports to $200 billion. The news had a moderate negative impact on the markets. The dynamics is limited, as the information about these measures appeared on Monday, which took from MSCI about 1% on Monday. We see something like the traditional reaction of the market “buy […]
Here are the latest developments in global markets: FOREX: The dollar index is down fractionally on Tuesday (-0.08%), extending the notable losses it posted in the previous session, unable to attract safe-haven inflows even despite a fresh escalation in the US-China trade standoff. The pound gained ground on Monday alongside the euro as investors positioned […]
Morning Report: 07.00 London The US dollar is weaker as markets stage a muted response to Trump’s China tariffs. Safe haven demand in the US dollar and Japanese yen is on the wane as investors express relief that tariffs aren’t as extreme as feared. The dollar index is lower, with the dollar pairs on the […]
GBPUSD recorded a stunning rally after it jumped above the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2660, around 1.3066, posting a fresh seven-week high of 1.3169. The buying interest following the rebound on the 1.2660 support level has shifted the bearish outlook to a neutral one. However, the 20-day simple moving average […]
EUR/USD has managed to push above 1.17 as expected. We have been calling this pull back to 1.1620 as a back test of the break out and the bounce back to 1.17 confirms this bullish view. Now EUR/USD faces big medium-term resistance ahead, critical for an extended rise to 1.19-1.20 or a full-scale reversal to […]
Gold price tried to push move higher but price only managed to make a lower high at $1,206. A break above this level will be a bullish signal that will most probably bring price to the short-term resistance of $1,210-11. A break above this level will push Gold towards $1,220. Green upward sloping trend line […]
The euro and the pound rose on Monday against the US dollar, offsetting a significant portion of the losses that were made in risky assets on Friday last week in the afternoon. Brexit and the next hearing One of the news, or rather rumors that could support the pound and the euro today, were new […]
On Tuesday, the 18th of September, the event calendar is light in important events, so today’s session promises to be not very exciting. Apart from Mario Draghi’s speech at 08:15 am GMT, not much will happen. But the night was interesting as Donald Trump announced a 10% duty on Chinese goods with a total value […]
According to the local IT Web magazine, the new finance minister Zimbabwe said that the country should adopt Bitcoin at the state level in a similar way to Switzerland. Referring to the “investment and understanding” of Bitcoin by the Swiss central bank, Mthuli Ncube said he would call the Reserve Bank of Zimbabwe (RBZ) to […]
The information picture of Monday is quite diverse. On the one hand, Trump, who threatens to introduce new tariffs on Chinese imports, and on the other hand, the ECB, whose representatives continue to demonstrate an optimistic attitude. Despite the inconsistency of the fundamental background of the EUR/USD, traders still prefer the European currency, which allowed […]
USD / JPY pair In the past two trading days, the yen added more than 80 points and almost reached the MACD trend line on the daily chart. Today is a holiday in Japan and investors completed the week on an optimistic note. But the situation on the stock market and the overall political situation […]
The wave pattern of the H4 chart: The price of the pair since June 21 moves according to the algorithm of the rising wave. In the daily chart, it formed an incorrect correction type. The wave pattern of the H1 chart: The last hour wave from August 15 completes a larger upward construction. The price […]
The wave pattern of the H4 chart: The last section of this scale from May 29 enters the structure of the dominant trend wave. The price is at the bottom edge of a wide zone of resistance. The wave pattern of the H1 chart: Since July 19, a bearish wave zigzag is forming downward. In […]
Trading plan 17.09.2018 The overall picture: The market turned to the US. Last week, European currencies tried to organize growth against the dollar, but the decisions of the ECB and the Bank of England did not provide fuel for growth – there were no hints of tightening monetary policy. The US authorities once again promised […]
The Germany 30 index lost considerable ground after touching 12,597.80 in late August, this being its highest since August 10. Specifically, it is currently trading roughly 500 points below that peak. The Tenkan- and Kijun-sen lines are negatively aligned, projecting a bearish short-term picture for the index. Immediate support to losses may come around the […]
GOLD PRICES peeped above $1200 per ounce yet again in London trade on Monday, rising above what was an 18-month low when reached in mid-August for the 9th time in 5 weeks. Silver and platinum also rose as Western stock markets cut their earlier gains, rallying to $14.20 and $805 respectively Base metals […]
Amazon’s stock price recorded a stunning rally over the last year without a significant bearish correction. The price continues the bullish tendency as it is still trading above the ascending trend line and the moving averages in the daily timeframe. However, looking at the momentum indicators, the RSI is moving lower in the positive territory, while the MACD oscillator […]
The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800 The GBP/USD pair is currently testing the depicted downtrend line which comes to meet the pair around 1.3025-1.3090. This price zone (1.3025-1.3090) corresponds to 50% and 61.8% Fibonacci levels where evident bearish […]
On the weekly chart, the EUR/USD pair is demonstrating a Head and Shoulders pattern where the right shoulder is currently in progress. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. On the daily […]
Trading recommendations: According to the H1 time – frame, I found that BTC price rejected from the lower Keltner band at the price of $6.377, which is a sign that selling looks risky. I also found that price is trading inside of the trading range between the $6.312 (support) and the price of $6.457 (resistance). […]
Recently, Gold has been trading upwards. The price tested the level of $1,198.20 (daily pivot). According to the M30 time – frame, I found a hidden bullish divergence on the the 3/10 oscillator in the background, which is a sign that selling looks risky. I also found that price rejecting from the upward trendline, which […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3117. According to the M30 time – frame, I found series of the higher highs and higher lows, which is sign that buyers are in control. I also found the breakout of the Keltner upper band at 1.3100 in the background […]
Trend analysis (Figure 1).On the weekly chart, the price closed above the recession level of 23.6% (blue dotted line). This week, the market can continue to move up, with the nearest target of 1.1735, the upper fractal. Fig. 2 (weekly chart).Complex analysis:- Indicator analysis – up;- Fibonacci levels – up (blue dotted line);- Volumes – […]
Gold still trades below the 20- and 40-period simple moving averages (SMAs) on the 4-hour chart, however, it was moving higher during the last couple of candles. The market appears to be largely in a neutral mode after the fall below the 1214.15 hurdle. Notice that the RSI is mostly moving sideways below the 50 level, while the %K line of the stochastic oscillator posted a bullish crossover with the %D line […]
Here are the latest developments in global markets: FOREX: During the early European session, the US dollar was slightly weaker against the yen near 112.00 (-0.04%), with investors trading cautiously as the US President Donald Trump is said to announce new levies on China later today. The Eurozone Harmonized Consumer Price Index (HCPI) for the […]
24-hour timeframe Approximately the same picture we see in the pair GBP / USD, although the main currency pairs moved recently is not identical. The price has reached the upper boundary of the cloud Ichimoku and has not yet been able to gain a foothold above. Therefore, in this case, the chances of resuming the […]
24-hour timeframe The beginning of the week promises to be very interesting in terms of macroeconomic data, although there will not be too many of them. On Monday, the consumer price index will be published in the euro area. On Wednesday, Mario Draghi, the chairman of the ECB, will make a speech, which recently rarely […]
Investors continue to receive contradictory signals, which makes them continue to be cautious. On the one hand, this is the uncertainty of the prospects for resolving the trade crisis between the US and China, and on the other, contradictory data from economic statistics that do not allow the US dollar to continue its notable growth, […]
