The Gold didn’t have enough power to break the swing high at $1.438 and high was missed by few ticks, which is sign for me that buyers got very exhausted there. Since there is the fail test of high in the background, my focus is on downside. Short-term resistance-fib confluence level is set at $1.420 […]
Since February 28, the EURUSD pair has been moving within the depicted downside channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the highlighted period between (May 17th and June 5th), temporary bearish breakdown below 1.1175 was […]
Gold price got rejected at $1,439 and has pulled back towards previous resistance now support at $1,400. Gold is in a trading range and it is better to be neutral until we see a clear break of resistance or support. Red rectangle – support Green line – trend line support Yellow rectangle – resistance Gold […]
USDZAR has recorded significant losses in recent weeks, moving back below its 50- and 200-day simple moving averages (SMAs) to record a lower low on the daily chart. The picture therefore seems to be shifting to negative, though a clear break below the 13.86 – 13.79 zone is needed to confirm that. Looking at momentum […]
Google stock price has found a strong resistance level around the 38.2% Fibonacci retracement level of the downleg from 1,288.47 to 1,023.50 near 1,125 as it tries to extend its gains after the rebound on 1,023.50. Momentum indicators now suggest that the market sentiment might increase even higher as the stochastic lies in overbought area and the MACD is rising above its trigger line. […]
AUDJPY remains confined in a relatively narrow sideways range, between 73.90 and 76.30, since early May. The near-term outlook is therefore neutral, with a break on either side needed to provide the directional bias. Momentum oscillators also paint a flat picture, with the RSI flattening near its neutral 50 line, and the MACD being close […]
EUR / USD On Wednesday, July 3, trading ended for the EUR / USD pair with a decrease of several base points. The bulls of the last forces oppose the bears, who continue to put pressure on the tool. Wave counting, which provides for the construction of the upward trend section, thus remains in force, […]
NZDUSD has been consolidating since June 26 within a narrow range of 0.6655 – 0.6718 and is currently hovering beneath the bearish crossover within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The near-term bias is looking neutral-to-bearish as the RSI is flatlining near the 50-neutral level, while the MACD is moving slightly lower below […]
BTCUSD has come off its recent highs, with prices diving to test the 9,600 area, before finding fresh buy orders and rebounding. Yet, the price structure on the 4-hour chart now consists of lower peaks and lower troughs, while the 20-period simple moving average (SMA) has also crossed below the 40-period one, so the outlook […]
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US 500 index showed a notable advance yesterday, completing a fresh all-time high around 3,000, but it ended the day in red. The advance of the trigger line above the MACD and the bullish momentum in the indicator suggests there is some more room for improvement, while the RSI indicator seems to be flat near […]
Risk Warning: 71.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk Warning: 71.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
American equities soar to record highs, as ‘bad news is good news’ again Loonie advances to best levels this year on Fed-BoC policy divergence Trump calls for weaker dollar, but dollar yawns US stocks hit new records American equity markets sailed into uncharted waters yesterday, with all the major indices – the S&P 500 (+0.77%), […]
USDJPY held in losses over the previous couple of days, dropping back below the 23.6% Fibonacci retracement level of the downfall from 112.40 to 106.77 near 108.10 and the 20-day simple moving average (SMA). The negative bias in the near term is supported by the deterioration in the stochastic oscillator. The %K line of the […]
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Since February 28, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the highlighted period between (May 17th and June 5th), temporary bearish breakdown below 1.1175 was demonstrated […]
Industry news: CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups. More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from […]
EURUSD is trading right below 1.13 making lower lows and lower highs in the short-term. A break above 1.1310 and most importantly above 1.1322 will give us a short-term bullish signal. We keep a close eye on the RSI as a break above the black downward sloping resistance trend line is what we look for […]
Gold price not only bounced towards $1,400 as initially expected, price reached the 2019 highs but got rejected. Gold price has made a double top and under certain circumstances we could see this decline to continue towards $1,335. Blue rectangle – double top Green line – major support trend line Yellow rectangle – target if […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
Overview: The USD/CHF pair fell sharply from the level of 0.9854 towards 0.9694. Now, the price is set at 0.9748. The resistance is seen at the level of 0.9854 and 0.9928. Moreover, the price area of 0.9854 and 0.9928 remains a significant resistance zone. Therefore, there is a possibility that the USD/CHF pair will move […]
To open long positions on EURUSD, you need: In the morning, I drew attention to the support level of 1.1275, on which the further movement of the euro is directly depended. The formation of a false breakout on it, along with a good report on the eurozone service sector, allowed buyers to return to the […]
The latest jobs report out of the United States is expected to hit the headlines on Friday at 1230 GMT. Following last month’s disappointing report, which fuelled expectations that the Federal Reserve will begin cutting rates soon, an anticipated bounce back in the number of jobs added in June could relieve some of the pressure […]
The Canadian employment data for June will hit the markets on Friday at 12:30 GMT. Forecasts point to a relatively soft report, which if confirmed, could take some shine off the loonie. In the big picture though, the outlook for the currency remains bright, as the Bank of Canada (BoC) may be the only major […]
Brent crude oil futures have gained a bit in the last 4-hour session, paring some losses of yesterday’s move. The technical indicators are currently feeding prospects for a possible positive short-term trading as the RSI is pointing up in the negative area and the %K line of the stochastic oscillator is creating a bullish cross with the %D line in the […]
According to Nationwide, the growth rate of real estate prices in the UK slowed down from 0.6% to 0.5%. Also, the index of business activity in the construction sector of the same United Kingdom fell from 48.6 to 43.1. All indicators relate exclusively to the real estate market and the state of which is one […]
EUR / USD On Tuesday, July 2, trading ended with a pair of EUR / USD without any change in the course. However, Wednesday began with a new decline. Eurocurrency again came under pressure from the market, and without any reason. Yesterday, there was practically no news on the tool, but the business activity today […]
On Wednesday morning, the EURUSD rate showed new lows of the current week at 1.1270 – however, the price is approaching strong support at 1.1250 and a turn upward is possible. From a technical point of view, purchases are possible from the zone of 1.1250 – 1.1270, as well as buying at a breakdown of […]
Trend analysis (Fig. 1). On Wednesday, the price may continue to move down, with the first target which is the support line – 1.2511 (blue bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis […]
