When Cyril Ramaphosa was sworn in as the South African president, investors around the world were hopeful of the country. Money started to flow. They were impressed with the role of Ramaphosa to the liberation of the country. They were also impressed with his resume in business, which included the founding of one of the […]
CHFJPY has lost its positive momentum after the bounce off the six-month high of 115.30 on August 30. According to the RSI, the market could maintain negative momentum in the short-term as the indicator is negatively sloped above its neutral threshold of 50, though the fast Stochastics suggest that the market is moving towards the […]
GOLD PRICES fell further on Monday morning in London against a firm Dollar amid new China-US trade wrangling while anti-immigration nationalists gained votes in Sweden’s general election but lagged well behind the main parties, writes Steffen Grosshauser at BullionVault. The Krona rallied further from late August’s 9-year low versus the Euro and Stockholm’s OMX […]
Recently, the USD/JPY has been trading sideways at the price of 111.10. Anyway, according to the M30 time frame, I found that price is trading near the resistance level (Friday’s high) at the price of 111.24, which is a sign that buying looks risky. I also found strong supply in the background and overbought condition […]
Trading recommendations: According to the H1 time frame, I found a potential end of the upward correction (running flat ABC), which is a sign that buying looks risky. I also found a strong downward trend in the background and my advice is to watch for selling opportunities. The breakout of intraday support line will confirm […]
The recent bullish movement of the EUR/USD ceased to be dominant since August 28. Lack of enough bullish momentum is demonstrated on the chart so that recent movement has turned into sideways consolidations. Earlier Today, obvious bullish rejection was demonstrated around 1.1530. This was manifested in the bullish engulfing H1 candlestick as depicted on the […]
Recently, the GBP/USD has been trading sideways at the price of 1.2930. Anyway, according to the M30 time frame, I found a fake breakout of the Friday’s low at the price of 1.2907 in the background, which is a sign that selling looks risky. I also found that price broke the macd predicator line, which […]
• Cotton reversed from support area • Further gains are likely Cotton recently reversed up sharply from the support area lying between the pivotal support level 81.10 (which has been reversing the price from April), lower daily Bollinger Band and the 50% Fibonacci correction of the previous long-term upward impulse from last October. The upward […]
• EURNZD rising inside impulse wave 3 • Further gains are likely EURNZD continues to rise inside the accelerated impulse wave 3, which previously broke the resistance level 1.7475 (which reversed the previous sharp upward impulse waves (A) and (i), as can be seen below). The breakout of the resistance level 81.10 accelerated the active […]
Here are the latest developments in global markets: FOREX: Sterling crossed marginally below 1.2900 per dollar before better than expected GDP growth figures out of the UK drove the pair up to an intra-day high of 1.2954 amid speculation that British economy could have a good start in the third quarter despite Brexit uncertainties looming in […]
In April, a bearish breakdown of 0.7220-0.7170 (lower limit of the consolidation range) allowed quick bearish decline towards 0.6700-0.6800 where narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum made the bulls fail to maintain enough bullish momentum above 0.6700. […]
However, the EUR/USD pair is currently trapped between the depicted technical levels (1.1750 – 1.1500). Breakout movement should be anticipated. The price zone of 1.1520-1.1420 stands as a prominent demand zone to be watched for bullish rejection and possible bullish pullbacks. Bearish breakdown of 1.1520 is needed to allow further bearish decline towards 1.1420. Next […]
Gold holds below the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, signaling further losses. In the short-term though, the market appears to be in a largely neutral mode after the fall below the 1207 hurdle. The RSI is largely moving sideways below the 50 level. Notice though that the MACD has dropped below its trigger and zero lines; the decline below the trigger line may […]
Overview: The AUD/USD pair dropped sharply from the level of 0.7186 towards 0.7100. Now, the price is set at 0.7123. On the H4 chart, the resistance is seen at the levels of 0.7186 and 0.7239. Volatility is very high for that the AUD/USD pair is still expected to be moving between 0.7143 and 0.7045 in […]
Overview: The USD/CAD pair is moving above strong support at the level of 1.3135, which coincides with the 61.8% Fibonacci retracement level. This support has been rejected for four times confirming uptrend veracity. Hence, major support is seen at the level of 1.3135 because the trend is still showing strength above it. Accordingly, the pair […]
H4 On the 4-hour chart, the GBP / USD pair reversed in favor of the US currency after the formation of the bearish divergence of the CCI indicator and began the decline in the direction of the correction level of 261.8% at 1.2637. On September 10, there are no new brewing divergences in any indicator. […]
The British pound is preparing for a medium-term decline, but these are only plans. In the first half of the Friday, the pound sterling grew by 100 points, but with the release of the excellent data on the US labor market. GBP / USD pair In the first half of Friday, the pound grew 100 […]
Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Monday (+0.04%), holding onto the gains it recorded in the previous session, after a surprising acceleration in US wage growth fueled demand for the greenback. The pound also soared higher on Friday as some appeasing remarks from EU chief negotiator Barnier enhanced […]
At the end of June, we published a forecast for gold called “is it worth investing in gold?” (See). After 8 weeks, when the price fell to the first target of 1200, the forecast was fulfilled in its first part. Now it is time to consider further prospects. To begin with, a small but important […]
AUD / USD pair On Friday, the Australian dollar successfully broke the support of the domestic trend line in the price channel, which could not be overcome by 2 months. Now, the decline continues. The nearest target is 0.7067 and then 0.6970. On the H4 chart, there was a danger. the convergence of prices with […]
4-hour timeframe Technical data: Higher channel of linear regression: direction – down. The lower channel of linear regression. Moving average (20; flattened) – sideways. CCI: 35.0518 On Friday, September 7, the GBP/USD currency pair continued to grow quite unexpectedly because of the strong US macroeconomic statistics supported by the dollar, but not paired with the […]
Trend analysis (Figure 1). Volumes give the probability of upper work. According to technical analysis, the price for this week may move upwards with the first upper target of 1.3065 – the retracement level of 23.6% (blue dotted line). What is the level of probability that this scenario will be shown in the comprehensive analysis. […]
The weekly chart showed a purely fundamental development of the bottom last week, although technical analysis gave a calculated upper hand. The euro turned out to be black on Friday. Most likely, we can expect for the second move up this week. The next control point is 1.1735 – the upper fractal. Trend analysis (Figure […]
EUR/USD At the end of Friday, the euro lost 70 points, thanks to strong performance in the US labor market in August. The number of jobs outside the agricultural sector added 201 thousand against the expectation of 191 thousand, the July figure was revised down by 10 thousand, to 147 thousand. No less optimism caused […]
USD/JPY is still quite corrective and volatile while residing above 110.50 area with a daily close. Despite the recent positive economic reports of USD employment statistics, USD could not manage to engulf the previous bearish momentum in the pair which does indicate the strength of JPY in the process. JPY has been meeting the economic […]
Morning Report: 07.00 London The US dollar remains dominant following Friday’s better than expected Non Farm Payrolls which saw headline payrolls increase to 201k, with average hourly earnings also increasing. The unemployment rate increased unexpectedly though. The dollar pairs remain on the back foot, with the AUD/USD set to challenge the 0.7100 level again following […]
The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows. The U.S. stock markets had been declining the fifth day in a row on Friday, and had increased the losses during week to 1.2% on S&P500. The […]
EURUSD closed below the 1.1600 key level after a negative session on Friday, though the pair remains neutral since the end of August, trading between 1.1529- 1.1732. In the short-term, consolidation is likely to stay in place as the RSI continues to move around its 50 neutral mark and the MACD holds around zero and […]
We would like to inform our clients that considering our recent notification about the Swedish General Election, the margin requirements have been automatically readjusted on all instruments in accordance with the previous leverage settings on financial instruments on each of our clients’ trading accounts as of today, Monday 10th September 2018. All temporary measures taken […]
EUR/USD has been quite impulsive with the recent bearish momentum which leads the price to reside below the trend line resistance with daily close. The positive high impact economic reports of USD published recently provided the required push for the currency to gain sustainable momentum over EUR in the process which is expected to push […]
