GBP / USD pair Under pressure from the general weakening of the dollar (-0.53%), the sterling pound on Monday added 34 points. Convergence on the daily chart is developing, the price has risen above the resistance level of 1.2660 at least last August. The goal of growth is the line of resistance at 1.2756 on […]
USD/JPY pair Amid the fears that hit the markets on Friday and Monday, the USD/JPY pair lost more than 160 points these days and almost reached our target at least to January 10 level at 107.78. At the moment, there are signs of the formation of price convergence with the Marlin oscillator simultaneously on two […]
Further growth of the pair is an excellent opportunity to hold a long position, open after the WCZ 1/2 test 1.2562-1.2543. Some purchases can be closed, the rest of the transfer to breakeven. It is important to note that the next growth target will be WCZ 1/2 1.2769-1.2750 in case the pair can consolidate above […]
The closing of yesterday’s US session occurred above the WCZ 1/2 0.6555-0.6548, which means that priority has been changed to ascending. To continue growth, you may need a corrective decline than you need to use to enter purchases. It is important to note that the target weekly control zone 0.6632-0.6618 is within the daily average […]
Technical Market Overview: The GBP/USD pair has bounced after the Bullish Engulfing candlestick pattern was made, which might indicate a stronger bounce this time. The momentum is now positive and quite strong and the market conditions are not yet overbought. Nevertheless, to move higher, the bulls will have to break through the technical resistance located […]
Crypto Industry News: The Japan House of Representatives officially approved a new bill to amend national laws regulating the cryptographic industry. The draft law – prepared by the Japanese Financial Services Agency (FSA) and approved by the House in mid-March this year – was adopted by a majority of votes at the plenary session of […]
We are still awaiting a final dip closer to the 135.94 target where wave 2 will have corrected 70.7% of wave 1. The decline from 148.87 is followed by positive divergence indicating that a bottom soon may be in place. From near 135.94 or upon a direct break above minor resistance at 137.48 we expect […]
In this video, Head of Research Chris Weston, looks at the RBA statement and the market’s reaction given such dovish pricing across the rates curve. For more detailed thoughts on markets and views sign up to The Daily Fix – https://cloud.go.pepperstone.com/join-daily-fix Related Posts:Market continues to price in a plethora of rate cuts for… April 17, […]
Crypto Industry News: Chainalysis, an American intelligence company, claims that 64% of ransomware attack strategies are money laundering through cryptocurrency exchanges. The data was revealed during the Chainalysis webinar. The ransomware attack includes a malware infection target and a ransom demand – often referred to in cryptocurrencies. Payment is required in exchange for allegedly providing […]
Forecast for June 4: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1310, 1.1282, 1.1266, 1.1238, 1.1225, 1.1204 and 1.1182. Here, we are following the development of the ascending cycle of May 30. Short-term upward movement is expected in the corridor 1.1266 – […]
The Swiss franc rose to its highest level in the last two years against the euro. The position of US President Donald Trump with respect to China prompted investors to switch to safe currencies, while the Swiss Central Bank may not yield to pressure and will not start selling francs for the euro. Trading tensions […]
The US currency is under strong pressure from a negative fundamental background. The dollar index tested an annual maximum in the region of 98 points on Friday. But today, it is just as confidently heading towards the base of the 97th figure. To some extent, the weakness of the greenback is reflected in the dynamics […]
Gold price has broken above the critical resistance area of $1,290-$1,300 and has not looked back. Anyone standing in its way has been hit hard. Gold price is rising vertically. The signs were there and the confirmation also. Red rectangle – short-term resistance Blue rectangle – bounce target and resistance area Black line – major […]
Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200 allowing further bullish advancement to occur towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. For Intraday traders, the price […]
The heightened fear that the aggressive US trade policy will lead to a sharp slowdown in the growth of the global economy has a negative effect on investor sentiment around the world. “The likelihood that the United States will introduce new duties or take regular measures to restrict trade with other countries. The trading practices […]
Overview: The USD/CHF pair continues moving in a bullish trend from the support levels of 1.0123 and 1.0177. Currently, the price is in an upward channel. This is confirmed by the RSI indicator signaling that the pair is still in a bullish trend. As the price is still above the moving average (100), immediate support […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3457. The pair rose from the level of 1.3457 (the level of 1.3457 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3505. But it rebounded from the top pf 1.3505 to 1.3477. Today, the first support level is seen […]
To open long positions on GBP/USD, you need: Despite the rebound in the first half of the day from the support level of 1.2623, which I paid attention to in my review, there was no larger upward correction of the pound. At the moment, the bears managed to push the support of 1.2623, and to […]
To open long positions on EURUSD, you need: Buyers managed to form a false breakdown in the support area of 1.1163 and continued the growth of the euro, which I drew attention to in my morning review. At the moment, the task for the second half of the day is to consolidate above the resistance […]
The fall in the US yield curve to its lowest point since 2007, as well as the increased likelihood of a weakening of the Fed’s monetary policy in 2019 to 95%, have become catalysts for the demand for safe-haven assets. The rates on 10-year US Treasury bonds were confidently moving down, and investors are almost […]
To some extent, the continuing strengthening of the dollar looks somewhat illogical and strange. After all, the second estimate of United States GDP in the first quarter was slightly worse than the first. Yes, the American economy continues to accelerate to 3.1% instead from 3.0% to 3.2%. The fact is that investors have already laid […]
EURNZD is declining below the 20-day simple moving average (SMA) today, confirming the recent bearish structure in the near term. The RSI is moving towards the 50 level, while the MACD is holding below the trigger line but is still hovering above the zero line, increasing speculation for more downside pressure. In case the pair maintains its short-term direction to the […]
The US 30 index futures opened with negative gap today below the 38.2% Fibonacci retracement level of the upward movement from the 16-month low of 21,596 to the 6-month high of 26,712 near 24,754. The index is on the back foot, recording more than four-month low (24,606), and the technical indicators suggest that the market […]
Gold has been trading with the strong up momentum. Anyway, we still expect more upside on the Gold with light pullbacks. You should watch for buying opportunities on the downward correction. Yellow rectangle Daily swing high $1.323 Blue rectangle – Daily swing high 2 $1.345 White line – Upward sloping trendlinge (support) According to the […]
GBP/USD did nice up break on Friday and today we see potential end of the downward correction after the breakout, which is sign that further bullish movement is expected. Green rectangle – Intraday resistance 1.2658 Yellow rectangle – Swing high resistance 1.2698 White lines – Downward channel (broken) According to the H1 time-frame, we that […]
BTC has been trading downwards in past 10 hours as we expected. The price tested the level of $8.332. Anyway, we found that sellers didn’t lost down momentum and we still expect more downside to come. Yellow rectangle – Intraday resistance $8.570 Green rectangle – Short-term support and down target $7.990 White lines – Rising […]
At the end of last week, the US dollar rose against major currencies but the market is experiencing a clear slowdown in its growth rate, which is due to two reasons. One of which is playing all the factors related to the weakness of the main competing currencies, meaning, there are no prospects for higher […]
Bitcoin managed to regain certain momentum after the strong drop towards $8,000 area after rejecting off the $9,000 area with a daily close. Currently, BTC is pushing strongly lower again for a probable double bottom formation according to the analysis of the price action. The bearish divergences between Bitcoin’s price have been spotted. Besides, there […]
By the end of the last trading week, the pound / dollar currency pair showed volatility of 10 points lower than the average daily indicator. The fluctuation was 85 points. From the point of view of technical analysis, we see a very interesting amplitude oscillation, where the quotation for the time flew in the direction […]
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