The Australian dollar updated its annual low against the US currency last week, dropping to the 68th figure. However, the pair turned and moved up. After several days of growth, the aussie has come to the key resistance level of 0.7000. For many months, bears of the pair tried to push this level through, and […]
Passions around Iran and the US are heating up. This morning it became known that yesterday the US president signed a decree on sanctions against the leader of the Islamic Republic, Ayatollah Ali Khamenei, which is also directed against other leaders of the country associated with the supreme leader. It is also expected that sanctions […]
BTC has been trading upwards and there is the breakout of the horizontal trading range. My advice is to watch for buying opportunities. The projected upward target is set at the price of $12.000 Purple rectangle – important support Gray rectangle – projected target Red line – Upward most recent trend line I found breakout […]
On April 26, another bullish pullback was initiated towards the price zone of 1.3130-1.3170 (the upper limit of the movement channel) where the depicted bearish Head and Shoulders reversal pattern was demonstrated on the H4 chart with neckline located around 1.2980-1.3020. Bearish breakdown below 1.2980 allowed the recent significant bearish movement to occur towards the […]
Gold has tested and rejected from our major parallel resistance at the price of $1.436. In my opinion gold is in big extended run and downward correction is very likely to happen in next period. Watch for selling opportunities. Blue lines – Pitchfork upward channel Purple rectangle – Support 1 Red line – Upward most […]
Gold price has moved closer to our $1,440-50 target area of 161.8% Fibonacci extension. Price reached $1,439 but we now observe some warning signs in the RSI. This is not the time to be opening long positions. This is the time to take profits, raise stops or remain neutral. Blue lines – bearish divergence In […]
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: 114.7640 Gold from May 30 rises in price continuously. For almost a month, the most famous drag metal managed to rise from $1,280 to $1,425. And the […]
4-hour timeframe In the last two weeks, oil of all sorts has increased in price. As usual, there are plenty of factors influencing oil pricing. The main factor, in our view, is the weakening of the US dollar on all fronts, caused by weak macroeconomic statistics in recent weeks, as well as the “dovish” attitude […]
To open long positions on GBP/USD, you need: Buyers of the pound were unable to hold the resistance of 1.2762, which was expected to lead to a correction. At the moment, the task will be to hold the pair above the support of 1.2720, and the formation of a false breakout there will be a […]
To open long positions on EUR/USD pair, you need: Euro buyers are gradually withdrawing from the market before an important speech by the Fed Chairman and their main task at the moment is to return and consolidate above the resistance 1.1401, which was formed in the morning. Only after such, it will be possible to […]
The report about the American drone shot down by Iran and Donald Trump’s intention to launch a military strike on Tehran allowed the oil to mark the best day rally in 2019. The market immediately recalled the situation of the end of the last century when armed conflicts in the Middle East led to an […]
BTCUSD is testing a new 15-month peak of 11,427, creating a strong bullish rally over the last three weeks. While the slowdown in the red Tenkan-sen and the blue Kijun-sen lines could be a warning sign that the bullish action may soon fade, the market could chart another rally if the MACD continues to trend higher and rises above its red signal line. The RSI […]
WTI oil futures for August delivery are moving sideways below the 50.0% Fibonacci mark of the 66.60 – 50.60 downleg near 58.58 but hover above the 20-period simple moving average (SMA) in the 4-hour chart. The RSI and the MACD are losing steam as both are falling in the positive area. If the market proves […]
The dollar fell to a three-month low against the euro and to the weakest value since the beginning of January against the Japanese yen due to the prospect of the Fed’s monetary policy easing to reduce the demand for the US currency. Euro added 2 percent and reached a three-month high of 1.1412 dollars. The […]
With participation in over 40 international financial exhibitions over a span of just a few years, XM has already reached several important event milestones in its corporate history this year. Soon after attending as many as four trading-related expos since this March, our XM representatives continued their way to the Spanish capital, Madrid, to take […]
According to analysts, multidirectional dynamics of oil prices in the world market can lead to a reduction in black gold reserves. The reduction may be 2.8 million barrels, according to the US Department of Energy. A week earlier, another department, the American Petroleum Institute (API), published statistics, according to which the reduction in oil reserves […]
Markets are stable in anticipation of the G20, however, the rapid growth of gold is a prerequisite for the upcoming shocks. The US economy is losing momentum. Changes are becoming visible primarily at the regional level. While the model of GDP from the Federal Reserve Bank of Atlanta suggests a steady growth in GDP in […]
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 […]
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 […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1371. Yesterday, the pair rose from the level of 1.1324 to a top around 1.1420. Today, the first resistance level is seen at 1.1441 followed by 1.1484, while daily support 1 is seen at 1.1324 (61.8.% Fibonacci retracement). According to the previous events, […]
The Bitcoin rate is easily fixed above the mark of 10,000 USD and is now trading at a price of 11,300. At the same time, data from Google Trends search analytics show that the number of search queries for the word “bitcoin” has increased again to its maximum value in the last month, which indicates […]
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 […]
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 […]
USDJPY is tumbling to a new five-month low near 106.77 today, struggling within the downward sloping channel. The RSI is trending south in the oversold zone, while the MACD is heading down below 0, posting a bearish cross with its trigger line. Both are signaling more losses in the daily timeframe. If the price continues […]
Worries of no progress at Trump-Xi talks at G20 summit gives rise to risk aversion Iranian tensions also weigh on markets after US imposes new sanctions Dollar extends slide, while euro hits 3-month high above $1.14 level Fed in focus as Powell and others due to speak later in today Trade concerns hit sentiment ahead […]
EUR / USD Monday, June 24, ended with an increase of 30 basis points for the EUR / USD pair. Thus, the conclusion suggests the continuation of the construction of the proposed wave 3 with targets that are near the levels of 127.2% and 161.8% in Fibonacci and higher. An unsuccessful attempt to break through […]
GBPUSD has been advancing over the last five days, following the rebound on the six-month low of 1.2500. Currently, the price is finding strong resistance near the 40-day simple moving average (SMA), which overlaps with the 1.2770 barrier. Looking at the technical indicators the stochastic seems to be overstretched as it is turning lower above the 80 […]
Crypto Industry News: Joseph Muscat, Prime Minister of Malta, announced on Sunday that every tenancy agreement in Malta will be registered in Blockchain. The announcement took place during an interview at the local radio. The Prime Minister said that the reformed lease provisions were approved by the government after a long consultation period. This initiative […]
Crypto Industry News: A representative of the Russian Ministry of Finance claims that the Ministry is considering permission to trade cryptocurrencies, according to the Russian information service. According to the publication, deputy finance minister Alexei Moiseyev told reporters that although the Ministry did not make a final decision, cryptocurrency trading could be allowed in the […]
Technical Overview: Despite the strong momentum, the GBP/USD pair rally has been capped at the technical resistance zone located between the levels of 1.2746 – 12761. There was a minimal breakout above the zone, but the price quickly reversed and made a Bearish Engulfing candlestick pattern. Please notice the market conditions are now overbought, so […]
