In Asia, Japan today will not release any economic data. However, the US will release a macroeconomic report, Empire State 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: 112.64 Resistance. 2: 112.44 Resistance. 1: 112.24 Support. 1: 111.90 […]
There is not much news to bring in front here. The sideways consolidation continues to use up time rather than points. We could still see a dip closer to 1.7594 as long as minor resistance at 1.7804 caps the upside. From support at 1.7594 or upon a break above minor resistance at 1.7804 a new […]
The rally from 128.92 stalled at 131.17 and a minor correction is unfolding. A final dip closer to 130.02 can not be excluded, but it should just be a matter of time before the underlying uptrend from 127,86 is resumed for a continuation higher towards 131.99 as the next sub-target on the way higher to […]
NZD/USD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is bounced off its support at 3.6% where a corresponding rise could occur. NZD/USD bounced nicely off its support where we expect to see […]
XAU/USD bounced nicely off its support at 1,193(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1,204 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is bounced off its support at 5.6% where a corresponding rise could occur. XAU/USD bounced nicely off its support where we […]
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 […]
Why did people buy gold amid the Lehman’s crash? “I HEARD your advert on the radio. I want to buy some gold,” recalls Adrian Ash at BullionVault. So said one of hundreds of callers to BullionVault in the crisp, clear autumn of 2008…back when the failure of US investment bank Lehman Brothers tipped […]
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 […]
When enemies strike from all sides, you do not know where to go. “Bulls” in the EUR / USD went into a rapid counterattack after the statistics on US inflation came out, and Mario Draghi downplayed the importance of panic in the markets of developing countries and political risks in Italy at the press conference […]
Is the dollar cheaper or is the euro still growing? This issue is key for traders of the EUR / USD currency pair to understand the general outlook for further price movement. The task is not simple, because we need to unravel a fairly complex tangle of fundamental factors that affect the behavior of both […]
To open long positions for GBP / USD, you need: Weak inflation data in the United States once again helped the pound, which led to the breakthrough of the resistance level of 1.3086 and the further formation of an upward trend. However, the absence of specifics on Brexit limits the growth of the pound. Buyers […]
To open long positions for GBP / USD, you need: Speech of the Bank of England Governor Mark Carney supported GBP / USD. Pound buyers managed to gain a foothold above 1.3119 in the first half of the day, and while the trade is being conducted over this range, demand for the pound will remain, […]
To open long positions for EUR / USD, you need: Euro buyers made another attempt at a growth in the European session, using yesterday’s market support, but to consolidate above the resistance level of 1.1708 in the first half of the day did not succeed, as large players rushed to fix profit at the end […]
The upward movement of the current week allowed to reach the weekly control zone of 1.1728-1.1710. The test zone allows you to close part of the purchases, and the rest is transferred to a breakeven, as the continued growth remains a priority. Yesterday’s growth made it possible to realize an upward model within the medium-term […]
The dollar received several sensitive blows on Thursday, losing some of the advantages against European currencies. Consumer prices rose in August by 0.2%, which was below the forecast, year-on-year growth of 2.7% against 2.9% a month earlier, the root inflation of 2.2% against 2.4% a month earlier. Experts did not expect a slowdown in inflation. […]
Wave picture of the chart H4: The direction of the trend is set by the upward wave of May 29. A distinct zigzag (A-B-C) can be traced in the structure. The wave pattern of the graph H1: The bullish wave of August 13 is approaching a powerful potential reversal zone. The structure of the movement […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – down. The younger channel of linear regression: the direction is up. The moving average (20; flattened) is up. СCI: 161.8011 The currency pair EUR / USD on September 14 continues the growth that began on the previous day, not connected with the results […]
GOLD PRICES edged back Friday lunchtime in London, cutting this week’s gain to 0.5% as world stock markets rose and crude oil rallied but held below this week’s approach of May’s 3.5-year highs. Russia joined Turkey in raising its key interest rate, making the first such move since 2014 and helping the Ruble recover […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – down. The younger channel of linear regression: the direction is up. The moving average (20; flattened) is up. CCI: 142.0156 The currency pair GBP / USD on Friday, September 14, continues the upward movement and fulfilled the level of Murray “7/8”. In general, […]
• USDCHF broke key support level 0.9650 • Further losses are likely USDCHF today broke below the key support level 0.9650 (which stopped the sharp downward impulse wave 3 in August and also earlier this month, as can be seen below). The breakout of the support level 0.9650 should accelerate the active impulse wave 5 […]
• Platinum broke resistance area • Further gains are likely Platinum recently above the resistance area lying between the key round resistance level 800.00 (which has been reversing the price from last month) and the 38.2% Fibonacci correction of the previous downward impulse from July. The breakout of this resistance area accelerated the active medium-term […]
Economic data will move to the fore next week with several countries reporting inflation, retail sales and flash PMIs. Canada and the United Kingdom will publish CPI and retail sales figures, while in the Eurozone, the focus will be on the flash PMI releases by IHS Markit. Second quarter GDP figures out of New Zealand […]
Gold has been moving within a relatively narrow range between 1,187.58 and 1,214.15 from late August onwards. The RSI is hovering around the 50 neutral-perceived level, pointing to the absence of momentum in either direction in the short-term. On the upside, immediate resistance to gains may come around the 23.6% Fibonacci retracement level of the downleg […]
Here are the latest developments in global markets: FOREX: Hopes for China and the US to restart trade dialogues soon, higher growth projections by the Bank of England and the ECB’s optimism for wages and inflation in the EU reduced the demand for safe-havens such as the yen, sending dollar/yen to 112.07 early on Friday for the first time since […]
The US 30 index continued to advance in recent weeks, posting higher highs and higher lows on the daily chart while remaining above both its 50- and 200-day simple moving averages, which are positively aligned in support of a bullish outlook. The index is also trading above a medium-term uptrend line drawn from the lows […]
Overview: The NZD/USD pair continues to move downwards from the level of 0.6580. Yesterday, the pair dropped from the level of 0.6580 to the bottom around 0.6498. But the pair has rebounded from the bottom of 0.6498 to close at 0.6520. Today, the first support level is seen at 0.6452, the price is moving in […]
EURAUD recorded a stunning rally over the last five weeks, while on Tuesday it completed a fresh three-year high of 1.6350. This week, though, the pair is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The MACD is currently increasing negative momentum as it falls towards […]
Overview: The GBP/USD pair is showing signs of strength following a breakout of the highest level of 1.3095. On the H1 chart, the level of 1.3095 coincides with the daily pivot point, which is expected to act as minor support today. Since the trend is above the pivot, the market is still in an uptrend. […]
Bitcoin has gained quite impulsively yesterday which led the price above $6,500 but with a weak momentum. The bullish pressure is still quite weak in comparison to the recent bearish pressure. However, a daily close above the dynamic level of 20 EMA, holding BTC price as resistance, is expected to provide the required pressure for […]
EUR/GBP has been quite volatile and corrective at the edge of support area of 0.8880 from where further bullish momentum is expected in this pair. EUR has been dominating GBP for a few weeks, whereas GBP has still been weighed down by the BREXIT impact and economic reports with mixed readings. GBP has been quite […]
