To open long positions for GBP/USD, it is required: Buyers of the pound can only hope for the formation of a false breakdown in the support area of 1.2684, which will be the first signal for a possible upward correction, the main purpose of which is to break through and consolidate above the resistance of […]
The specter of a large-scale economic crisis still frightens traders, many of whom use the US dollar as the currency of the “quiet harbor.” The American currency now acts as a safe haven, where investors prefer to wait out the troubled times of uncertainty. Unfortunately, rumors about the beginning of a constructive dialogue between the […]
• Copper broke pivotal support level 268.00 • Further losses are likely Copper today broke sharply below the pivotal support level 268.00, which stopped the previous sharp impulse wave 1 in July, as can be seen from the daily Copper chart below. The breakout of the support level 1.2750 strengthened the bearish pressure on this […]
• GBP/CHF broke support level 1.2750 • Further losses are likely GBP/CHF continues to fall after the recent breakout of the key support level 1.2750, which previously reversed the price in last October, as can be seen from the daily GBP/CHF chart below. The breakout of the support level 1.2750 accelerated the active short-term impulse […]
Analysis of wave counting: During the trades on Tuesday, the currency pair EUR / USD lost another 65 percentage points. Thus, wave 3, 5, continues its construction and can turn out to be very long. If that assumption is true, then the entire wave 5 can also take a very complex and extended form. The […]
Dear colleagues. For the EUR / USD pair, we have expanded the potential for the downward movement towards the level of 1.1245. For the GBP / USD pair, we follow the development of the local downward cycle from August 7. For the of USD / CHF pair, we follow the formation of the upward structure […]
Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). Quick bearish decline took place 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 […]
Daily Outlook In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200). 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 […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,184.20. According to the M30 time – frame, I found a broken bearish flag in the background, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities on the rallies. The downward […]
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1315. According to the M30 time – frame, I found that price is trading below the daily pivot (1.1366), which is a sign that sellers are in control. I also found that price is below macd predictor, which […]
Ethereum, the second largest cryptocurrency in terms of market capitalization, recorded the lowest price of the year, falling to $246. The price dropped by as much as 17%, including the lowest level since September 2017. In addition, Ethereum’s profitability decreased to historically low levels, 0.0243 a dollar of profit per day for 1 M Hash/ […]
Moscow is still interested in trading with Ankara using the Russian ruble and Turkish lira. Both currencies fell compared to the US dollar, and TRY sets new records every day. “The issue of using national currencies in interstate commerce is a topic which the Russian side has been dealing with for a long time and […]
Overview: The daily pivot point is seen at the price of 0.2780. The GBP/USD pair hit the weekly support levels of 0.2780 and 0.2722 last week. Thus, it dropped down in order to bottom at the point of 1.2780. Today, the pair is trading below its pivot point (1.2780). It is likely to trade in […]
Both European and American stock market investors ended yesterday in minor moods. Today the situation looks a bit different. In Europe, we watched the mixed closing of the trading session. The growth was made by companies from Belgium, Poland and Hungary, while declines were recorded on the French, Italian and Spanish stock exchanges. The situation […]
Overview: The AUD/USD pair opened below the weekly pivot point (0.7234). It continued to move downwards from the level of 0.7234 to the bottom around 0.7202. But the pair rebounded towards the daily pivot point again. Today, the first resistance level is seen at 0.7263 followed by 0.7299, while daily support 1 is seen at […]
The Communist Party of China aims to make knowledge about Blockchain technology the norm in public offices, thanks to the publication of a guide for officials and members. The publication, published by the People’s Daily publishing house, is titled “Blockchain – A Guide for Officials.” Starting from the explanation of the origin and characteristics of […]
The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a China’s claim to the WTO about US tariffs on renewable energy imports and subsidies to their own producers; Turkey has put obstruction duties on a number of goods from the United States, including […]
Bitcoin has rejected off the $6,000 area with a daily close yesterday that is expected to lead to further bullish momentum in the coming days. Though impulsive bullish pressure is not ruled out, a daily close above $6,500 is required to have further impulsive momentum which might lead the price towards the target of $8,000 […]
EUR/JPY has been impulsive amid bearish pressure which earlier led the price from 129.50 area to the present 125.50 support area. EUR has been struggling due to the ongoing trade war tensions and the Brexit situation, whereas positive economic reports from Japan provided the required push for the currency to gain momentum. This week on […]
The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a China’s claim to the WTO about US tariffs on renewable energy imports and subsidies to their own producers; Turkey has put obstruction duties on a number of goods from the United States, including […]
GBP / JPY Players on the increase took advantage of the monthly Kijun (140.69) and currently forms an upward correction. The nearest support of this recovery for today is the daily short-term trend (143.43). In this situation, we can combine efforts to passed the minimum extremum level (143.17). As a result, the zones 143.20-40 can […]
When the European market opens, some Economic Data will be released such as German 30-y Bond Auction. The US will release the EconomicData too such as TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, Empire […]
In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Prelim UnitLabor Costs q/q, Prelim Nonfarm Productivity q/q, Empire State Manufacturing Index, Retail Sales m/m, and […]
Morning Report: 07.00 London Markets are skittish this morning, with traders fretting over the potential for contagion from the turmoil afflicting emerging market currencies. The Turkish Lira is at the epicentre of the trouble, but the Indian Rupee and Honk Kong dollar are under severe pressure. Money is flowing into the perceived safety of the […]
After a dip to 1.7220 all requirements for the correction in red wave i has been fulfilled. Therefore we are looking for a break above resistance at 1.7355 to confirm that red wave iii is developing for a break above the peak at 1.7484 as EUR/NZD moves higher towards 1.7924 and 1.8369. Short-term support is […]
The corrective rally we were looking for from the 125.12 low is unfolding nicely. The minimum target has already been fulfilled, but a final pop to 127.30 remains possible before the final push lower into the 124.59 – 125.12 zone. Ideally, this final push lower will complete just below 125.12, but under no circumstance can […]
The European currency continued to trade in a narrow price range, as well as other risky assets despite the lack of important fundamental statistics. Many traders and investors were focused on the trade struggle between Turkey and the United States, as well as on the political problems in Italy, where the new government prepares for […]
Oil prices are challenging long-term support trend line and bullish channel. Oil prices are very likely to break the channel and start a move lower towards 60$. Key short-term resistance is at 68.70-69$. As long as the price is below this area we remain bearish. Yellow line -long-term support Green line – horizontal support The […]
The Gold price is in a bearish trend and has reached our $1,193 short-term target after breaking below $1,205. Now the price is consolidating before its next leg lower to $1,180. Black lines – wedge pattern Blue line – short-term support The Gold price remains inside the downward sloping wedge pattern. Resistance is at $1,211. […]
Elon Musk revealed a bit more details about the plan to buy Tesla from the stock exchange. Changing the company’s status from a public company to a private company is to be realized without using a loan, and the promised 420 dollars. No investor will be entitled to the campaign – it results from the […]
