The central banks of economically developed countries seem to be confident that the Fed will start lowering interest rates this year, which was clearly manifested in the decision of the Reserve Bank of Australia. They decided to lower the key interest rate by 0.25%, from 1.25% to 1.00% at today’s meeting. As it seems to […]
Negative news on the possible trade war Trump – Europe – due to claims against Airbus from Boeing (Airbus has government support that prevents equal competition) – this led to a strong decline in the euro, which is below 1.1300. The growth trend for the euro stopped, then return to the range – the boundaries […]
Facebook stock price advanced to a fresh one-month high of 195.00 yesterday before ending the day in the red. Momentum indicators signal are neutral to bullish with the RSI flattening in the positive territory and the MACD stretching to the upside above trigger and zero lines. However, the red Tenkan-sen line, which is above the blue kijun-sen line, […]
EUR / USD On Monday, July 1, trading ended for the pair EUR / USD by a decrease of 80 basis points. Such a decline so far fits into the current wave counting, which implies the construction of a downward wave 2 in the composition of wave 3. If this is true, then from the […]
The services PMI out of the UK will be in focus for pound traders on Wednesday at 0830 GMT. But if the manufacturing and construction PMIs are anything to go by, there’s unlikely to be much to cheer about from June’s services activity report. Growing risks of a disorderly Brexit and signs the UK economy […]
To open long positions on EURUSD you need: Euro buyers began to enjoy good data on unemployment in the eurozone, but after a slight correction, the bears returned to the market. At the moment, it is best to look at long positions on a false breakdown around 1.1273, with confirmation of divergence on the MACD […]
The US dollar index has gained some remarkable ground after the climb above the 23.6% Fibonacci retracement level of the upward movement from 88.10 to 98.25 near 95.84. Currently, the index is failing to surpass the 200-day simple moving average (SMA), which coincides with the 96.40 resistance, flirting with a possible drop. However, the stochastic oscillator […]
Trend analysis (Fig. 1). On Tuesday, the price may continue moving downwards with the first target – a pullback level of 61.8% – 1.2612 (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis […]
The pound against the dollar gradually returns to the boundaries of the 25th figure amid a pessimistic fundamental picture and the recovery of the American currency. However, the revaluation of the greenback is of optional importance in this case, considering the gloomy prospects of the “divorce process” of Britain and the European Union. Only three […]
Technical outlook: The EUR/USD pair dropped to 1.1275 in the early hours of trade today before bouncing back. The price is seen to be trading around 1.1290 levels at this moment. The wave structure discussed earlier has been again presented here on the hourly chart with labeling. The initial rally from 1.1180 through 1.1412 levels […]
EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair performed a fall to the correctional level of 50.0% (1.1278). The rebound of the pair from the Fibo level of 50.0% will allow traders to count on a reversal in favor of the EU currency and some growth in the direction of the […]
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 […]
WTI crude oil futures are on course to jump above the 20-simple moving average (SMA) after they found crucial support at the 50.0% Fibonacci retracement level of the downleg from 66.60 to 50.60 near 58.58 over the last sessions. Having a look at the technical indicators, the MACD oscillator is creating a bearish divergence as […]
Technical Overview: The GBP/USD pair jas broke out of the consolidation zone located between the levels of 1.2746 – 1.2652 and now is heading lower towards the next technical support seen at the level of 1.2605. Please notice the 61% Fibonacci retracement that is located at the level of 1.2611, just above the support. This […]
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 […]
RBA reduces rates again, but aussie remains unfazed Dollar recovers as July rate-cut bets are scaled back EU leaders resume talks over top jobs; Global PMIs due RBA cuts, but can’t keep the aussie down The Reserve Bank of Australia (RBA) slashed interest rates earlier today, for the second time in two meetings, indicating that […]
Bitcoin – the world’s first cryptocurrency – is eyeing highs not reached since the early parts of 2018 as it almost breaks above $14,000. But as many individuals who invested in the cryptocurrency during its heydays in late 2017 celebrate its revival, has the latest rally already started to lose steam? There are several theories […]
EUR/USD So it happened. On Monday, the euro lost 84 points, and this may indicate a withdrawal of players from speculative purchases of the 3rd decade of June. Business media explains yesterday’s growth as a market reaction to a truce between the US and China, although in reality China remains under the same duties and […]
For the first time, and with special respect to our existing and new Pakistani clients intent on getting educated about forex trading, XM hosted a seminar in the city of Lahore on 22nd June. The seminar, which took place at Pearl Continental Hotel Lahore, aimed to cater for the needs of both beginner and more […]
GBPUSD touched the upper Bollinger band around the 1.2780 resistance level in the previous week, driving the market lower, below the 40-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downfall from 1.3380 to 1.2500 near 1.2712. The pair continues the selling interest in the medium-term as it is confirmed by […]
There are signs that GBP/JPY will take off for a strong rally in the wave 3. On the other side, a possible impulsive pattern from 135.35 is not clear yet, which provides additional opportunities. It could also be a leading diagonal. If it is a leading diagonal, we may see a deeper correction closer to […]
EUR/JPY has dipped just below the 122.25 corrective target. We expect the support area between 122.13 – 122.25 will continue to protect the downside for a breakout above minor resistance at 122.42 and, more importantly, above resistance at 123.00 that confirms the next impulsive rally towards 124.14 and higher. Only an unexpected breakout below 121.62 […]
USDCHF is approaching resistance where we might be seeing a drop below this level. Entry: 0.9904 Why it’s good : Horizontal pullback resistance, 61.8% Fibonacci extension, 61.8%, 38.2% Fibonacci retracement Stop Loss : 0.9955 Why it’s good : Horizontal pullback resistance, 78.6% Fibonacci retracement Take Profit : 0.9817 Why it’s good: Horizontal overlap support The […]
Price is at support where a potential bounce to its resistance could occur. Entry : 0.6672 Why it’s good : 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support Stop Loss : 0.6606 Why it’s good : 61.8% Fibonacci extension Take Profit : 0.6721 Why it’s good : 50% Fibonacci retracement, horizontal overlap resistance The […]
Price is bouncing up 1st support at 108.118, a bounce could occur. Entry :108.118 Why it’s good : 23.6% Fibonacci retracement Horizontal pullback support 61.8% Fibonacci extension Take Profit : 108.73 Why it’s good :horizontal swing high resistance 61.8% & 50%Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis for […]
All the moves, views and event risks to focus on Related Posts:Market Comment – Stocks slide, dollar soars as rate cut bets… April 16, 2024 Surging US retail sales dampen Fed rate cut expectations Wall…EUR/USD. April 12th. ECB meeting: confidence in rate cut… April 12, 2024 On Thursday, the EUR/USD pair continued its downward trend […]
USD / JPY pair On the daily scale chart, the price rises upward after convergence along with the Marlin oscillator and the signal line moves to the growth zone. However, the price increase turned out to be excessively strong on Monday. Even a gap was formed that greatly complicates the further movement of the currency […]
According to the survey, production activity in the eurozone declined last month more than previously thought. Pessimistic data is likely to strengthen the position of those who require the ECB to ease monetary policy. In June, the total index of purchasing managers (PMI) from IHS Markit was 47.6 points, which is lower than the previously […]
Minor (Daily) operating scale Let me bring to your attention a comprehensive analysis of the movement options for the development of the EUR / USD vs USD / JPY vs EUR / JPY movement for July 2019 on the Minor (daily timeframe) operational scale. ____________________ Euro vs US Dollar For July 2019, the movement of […]
