To open long positions on EURUSD, you need: The situation remained unchanged, as well as the technical picture. At the moment, it is best to return to long positions on a false breakout from the level of 1.1348, after updating the low of yesterday, or on a rebound from larger support of 1.1317. The main […]
EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair is trading along with the correction level of 76.4% (1.1367). Most of the traders either left the market or hid as much as possible on the eve of the G20 summit. On the agenda, in fact, is one question: will the leaders of […]
GBPCAD is currently trading not too far away from yesterday’s 20-month low of 1.6572, having pulled back marginally. The momentum indicators suggest that there is a potential for an upside correction. The RSI, which has been moving around its 30 level over the last month, is pointing up in the oversold area, while the stochastic oscillator is looking for a bullish cross below […]
The residing at the edge of 0.6700 area. Some economists suppose that this is a short-term trend and the pair is likely to slide a bit. The Reserve Bank of New Zealand became the first major central bank to cut its key rates in the latest global shift due to the looser policy. After the […]
GBPJPY had an uneventful trading for another week, remaining stuck between the 137.40 resistance and the 135.79 key support, which coincides with the 78.6% Fibonacci of the upleg from 132.48 to 148.86 . There is however a bullish divergence signal of a possible trend reversal , as the RSI and the MACD continue to print […]
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Markets anxiously await US-China trade talks as G20 summit gets underway Dollar and other majors steady but equities struggle Eurozone and US inflation data in focus amid rate cut talk All eyes on Trump-Xi meeting As the G20 summit gets underway in Osaka, Japan, investors’ attention is fixated on the much-anticipated meeting between US President […]
Risk Warning: 71.61% 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 […]
EURNZD lost ground this week, dropping to a new three-week low near 1.6950 today after finding strong resistance at the eight-month high slightly above the 1.7300 psychological mark. The short-term moving averages are ready to create a bearish cross, signaling more losses, while the technical indicators are losing momentum. The RSI is hovering below the […]
In Asia, Japan will release the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPI y/y. The US will also publish some economic data such as Revised UoM Inflation Expectation, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So there is […]
Technical Overview: The GBP/USD pair has been trading just above the technical support at the level of 1.2652. The local high was made at the level of 1.2706, but it is not enough for the bulls to continue the move up. Please notice, that any violation of the support level will lead to an even […]
Technical Overview: The EUR/USD pair has been trading in a narrow consolidation zone located between the levels of 1.1347 – 1.1406. There is still a chance for a move up if the support at the level of 1.1347 holds, but if it will not, then the next support is seen at the level of 1.1268. […]
GBP/JPY challenged short-term important resistance at 137.13 and failed to break clear above that keeps us in a dead-lock for now. It is more favorable that wave 2 has completed with the test of 135.35. At the moment, wave 3 now is developing for an ultimate break above the 148.87 peak. We need a clear […]
We expect that short-term support near 122.11 will protect the downside for the next push higher towards 123.18 and 124.16. As we predicted, wave II completed with the test of 120.75 and wave III higher towards at least 129.59 now is developing. At 129.59 the ongoing rally will be equal in length to the January […]
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Forecast for June 28: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. Continuation of the movement to the top is expected […]
A few hours remain before the start of the G20 summit in Osaka, Japan. The closer the meeting between Donald Trump and Xi Jinping, the stronger the unrest in the market, which is still weak in currency quotes, but it is a matter of time. After stagnation, the market usually explodes. Now, traders have taken […]
On the eve of the G-20 summit, traders are noticeably nervous when responding to conflicting rumors. The stakes are really high – according to the results of the G20, the trade war will either break out with a new force, or end with the signing of a large-scale transaction. In the first case, the superpowers […]
On May 3rd, the GBPJPY pair initiated the depicted bearish movement channel around 146.45 On March 21st, another visit towards the upper limit of the same channel (141.70) was demonstrated. Since then, the depicted downtrend/channel has been intact until June 4 when the pair failed to achieve a new low below 136.50. This was followed […]
On June 4, temporary bullish breakout above 1.2650 was demonstrated for a few trading sessions. This enhanced the bullish side of the market towards 1.2750 (consolidation range upper limit) which has been preventing further bullish advancement up till now. On June 14, recent temporary bearish decline was demonstrated below 1.2600 hindering the mentioned bullish scenario […]
Crypto Industry news: As world leaders start arriving for the G20 summit in Osaka, Japan, policymakers and crypto industry representatives are convening at another summit to discuss the implications of proposed global standards for crypto assets and service providers, as well as solutions that will minimize unintended consequences of implementing these standards. It will be […]
EURUSD has pulled back towards our short-term target area of 1.1325-1.1350. Price is mostly moving sideways as the RSI is falling from overbought levels. EURUSD has the potential for another drop lower towards 1.13-1.1280 before resuming its up trend. Red rectangle – horizontal support Green line – trend line support EURUSD is trading above 1.1350. […]
Gold has been trading sideways at the price of $1.404. Anyway, I found that there is potential for the more downside on the Gold due to the change in the order flow from bullish to bearish. Watch for selling opportunities. Red rectangle – Important resistance Blue rectangle- Support 1 Blue rectangle – Support 2 I […]
The euro is gradually strengthening, despite the weak data on sentiment in the eurozone economy. Support for risky assets provides news on the trade agreement between the US and China. I have already said that yesterday the US Treasury Secretary stated 90% of the readiness of the agreement between the United States and China. Today, […]
EUR/USD The overall wave counting of the EUR/USD pair is not completely unambiguous, but still quite rational and looks convincing. A minimum of May 23 is now considered as the end of the downward section of the trend. However, the main questions are not connected with this, whether we will see a full 5-wave upward […]
Overview: The GBP/USD pair will continue to rise from the level of 1.2676. The support is found at the level of 1.2676, which represents the 61.8% Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 1.2676, while immediate resistance is […]
The rally of bitcoin number 1 lasted for the past eight days that led to dizzying results. The leading digital currency has risen in price by a fantastic percentage of 277% since the beginning of the current year and continues to ascend. During the trading session on Wednesday, June 26, the bitcoin rate reached an […]
4-hour timeframe Technical data: The upper linear regression channel: direction – up. The lower linear regression channel:: direction – up. The moving average (20; smoothed) – up. CCI: -24.4108 Gold rose in price throughout the month of June, which forced many experts and analysts to conclude that the demand for the most famous precious metal […]
USDCNH had a bearish start on Thursday, with the price remaining below a crucial support of the 6.9000 barrier and the 40-day simple moving average (SMA). From the technical point of view, the RSI is heading down in bearish territory, while the MACD also supports a bearish picture, since it continues to hold near the zero line and below […]
This week, the focus among investors will be at the G20 summit, which will take place at Osaka, Japan. The meeting usually brings together the leaders of the 20 biggest and most powerful economies in the world. Their goal is usually to deliberate on the key challenges the world is facing such as climate change, […]
