Technical Overview: The EUR/USD pair has made another higher high as it hit the technical resistance at the level of 1.1406. Despite the overbought conditions, the momentum is still strong and positive, so the bounce is getting extended. In the case of a local pull-back, the nearest technical support is seen at the level of […]
EUR/USD On Monday, the euro increased by 28 points – growth slowed, and the leading Marlin oscillator on the daily and four-hour charts began to discharge, relieve tension. This can be both an early signal for a trend reversal, and the indicator itself is discharged before further growth of the instrument. Visually, the Marlin is […]
When the European market opens, no economic data will be published. The US will release such economic data as New Home Sales, Richmond Manufacturing Index, CB ConsumerConfidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So, amid the reports,EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: […]
Japan will release the Monetary Policy Meeting Minutes, SPPIy/y, and BOJ Core CPI y/y. The US will release such economic data as New Home Sales, Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So, there is a probability the USD/JPY pair will move with low to medium volatility during this […]
The rally in GBP/JPY from 135.35 is still not certain and we need a clear break above minor resistance at 137.18 to confirm that wave 2 has completed and wave 3 is developing. The short-term minor support in the 135.91 – 136.03 area will be able to protect the downside for a new challenge of […]
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The G-20 summit, which will take place this weekend and is anticipated by market participants, will be crucial for US-China relations. It should show how the parties are interested in resolving the trade conflict. So far, traders hopes to achieve at least some agreements between the United States and China support high-yielding and risky assets. […]
Now, when the Fed and the ECB have given an open signal to the market to ease monetary policy, the question arises, who has the largest arsenal of ammunition? There is no need to look for an answer for a long time, since the European Central Bank clearly looks weaker: interest on deposits is already […]
On Monday, June 24, the price of gold istood at a previously reached mark, exceeding $1,400 per ounce. Last Friday, the precious metal’s price soared to $1,411 per ounce and is currently seeking to hold its positions. According to analysts, the current price is the highest since September 2013. Experts believe that the rising cost […]
The pound-dollar pair within the 27th figure had increased by over 200 points during the week. The British currency has moved away from the price lows of the year and is now trying to show character using the greenback’s weakness. However, not only is the dollar devaluation pulling up the GBP/USD: for the first time […]
4-hour timeframe The amplitude of the last 5 days (high-low): 76p – 59p – 131p – 96p – 104p. Average amplitude for the last 5 days: 93p (93p). The British pound sterling was slightly adjusted on Monday, June 24. As we remember from the EUR/USD review, there was no correction. Accordingly, this is what we […]
4-hour timeframe The amplitude of the last 5 days (high-low): 43p – 62p – 67p – 92p – 95p. Average amplitude for the last 5 days: 72p (70p). While the euro continues to grow steadily against the US currency, traders have completely turned their attention away from meetings of EU and US regulators to the […]
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 period between May 17th and June 5th, a bearish breakdown below 1.1175 was temporarily achieved. […]
The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond… April 19, 2024 Eurozone appears to be on the mend but ECB still…Overview of the EUR/USD pair. April 16th. In plain text: The… April 16, 2024 The EUR/USD currency pair traded again on […]
The highlight among US releases this week will be Friday’s PCE inflation numbers, but ahead of that, readings on consumer confidence and durable goods orders will be watched by investors for signs of a possible slowdown in the US economy. The consumer confidence index is out on Tuesday at 14:00 GMT, while durable goods orders […]
The dollar opened a new week with a pullback after its biggest weekly fall in the last four months, traders became cautious again about the prospects of trade negotiations between the US and China at the G20 summit. The reason for the large-scale sale in the main markets was the “dovish” forecasts of the world […]
Gold price has broken through the important resistance of $1,350-60 and is now trading above $1,400. Trend remains bullish and although the short-term oscillators are in overbought territory, we could see this upward move continue higher towards $1,440 before a meaningful pull back. Blue line – major resistance Red line – major support Red rectangle […]
EURUSD has made new higher highs at 1.1398 thus far with price reaching the equality target with respect to the first upward leg from 1.1107 to 1.1347. The RSI is at short-term overbought levels so a pull back is justified. Red lines – wedge pattern broken Blue lines – comparing two bullish moves EURUSD has […]
AUDJPY touched a 6-month low of 73.90 last week, with price action taking place below both the 50- and 200-day simple moving averages (SMAs). Additionally, the price structure consists of lower highs and lower lows, confirming that the broader downtrend remains intact – even if oscillators like the RSI suggest that the latest rebound may […]
The position in the US dollar index futures is on the back foot for the fourth consecutive day and near a three-month low of 95.47 following the rejection from the 20- and the 50-day simple moving averages (SMA). The price has so far fallen below the 200-day SMA, the previous low of 96 and the 50% Fibonacci […]
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Over the weekend, all the major cryptocurrencies rallied to YTD highs. Bitcoin crossed the important psychological level of $10,000. Year-to-date, Bitcoin has rallied by more than 150%, making it the biggest gainers. It has reinforced the fact that Bitcoin should not be ignored. The recent rally is mostly because of the current entry by Facebook […]
Stocks and gold ended the week at record highs while the US dollar and US bonds fell to multi-week lows. This followed the dovish statements from the Federal Reserve, who indicated that they might cut rates in the coming meetings as the US economy faced significant challenges. Crude oil prices rose as tensions in the […]
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/CAD pair continues to move downwards from the level of 1.3258. Last week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]
After the Fed lifted investors’ optimism last week, attention will turn to Japan this week. The leaders of the 20 most powerful economies will meet this week for the annual G20 summit. The most important things in the summit will be the meeting between Donald Trump and his Chinese counterpart, Xi Jinping. This will be […]
The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 02:00 GMT. No action is expected, so markets will be looking for signals that a rate cut is on the table at the August meeting. While the kiwi could tumble in case of a dovish statement, any losses may […]
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 […]
Gold bulls got extra energy on Friday, driving the price towards an almost six-year high of 1,411. Downside corrections are likely in the very short term as the stochastics are set for a bearish cross above 80 overbought mark. The MACD however, has yet to show any sign of weakness, an indication that any slowdown in […]
