To open long positions on GBP/USD you need: The speech of the governor of the Bank of England can return the pressure on the British pound in the first half of the day, as it will be a question of interest rates and inflation. At present, it is best to return to long positions only […]
To open long positions on EURUSD you need: The pair’s situation is uncertain. It is best to return to long positions after updating a large support level at 1.1138, from where you can expect an upward correction to return to a high of 1.1180, above which you can reach the resistance of 1.1205, where I […]
USDJPY managed to regain certain momentum since the bounce off the 109.00 area while being in a preceding bearish trend. JPY struggled to maintain momentum after the release of weak economic data which undermined the market sentiment against USD. The US economy is slightly affected by the Trade War. Mixed economic reports showed a certain […]
https://pepperstone.com/en/forex-news/market-review -EUR and GBP largely unchanged overnight -AUD and NZD give back a chunk of yesterday’s gains -JPY slips back above 110 to the dollar -The Yuan steadies against USD -RBA minutes and statement may make a June rate cut more likely -Slowing investment in Thailand is felt in its GDP data -Another tough day […]
Technical Market Overview: After making the local low at the level of 1.1150, the EUR/USD pair has tried to bounce or even rally higher, but this attempt was capped at the technical resistance zone located between the levels of 1.1167 – 1.1173 and the price reversed. The short-term outlook remains bearish and there is no […]
Technical Market Overview: The GBP/USD pair is still trading close to the technical support at the level of 1.2705, but no breakout was made yes as the market conditions are extremely oversold. Moreover, the price is still out of the channel zone and does not look like the bulls have enough power to get back […]
Crypto Industry News: The European Central Bank (ECB) said that cryptocurrencies are not currently a threat to financial stability in the Eurozone. In his last article on the subject, the ECB said that the total value of cryptocurrencies is small compared to the financial system, and the links with the financial sector are still limited. […]
Crypto Industry News: Co-founder of Fundstrat Global Advisors, Tom Lee, claimed in a tweet that the crypto-winter came to an end. In the news, Lee said that last week’s Consensus conference in New York was the latest of 13 signs indicating that the industry is recovering after a difficult few months. Its schedule of events […]
EUR/USD On Monday, the euro slightly wavered on supporting the Fibonacci level 110.0% of the movement branch from September 24 to November 12 of the previous year. The delay made it possible for the marlin oscillators on the daily and H4 charts to discharge even more, in order to continue the decline with new forces. […]
USD / JPY pair The situation around the Chinese company Huawei has strongly affected the Japanese yen. Its price has fulfilled the target area between the lines of the ascending and descending channels this morning, as a sensation is created. It is trying to consolidate above yesterday’s maximum, which will automatically lead to anchoring above […]
GBP/USD On the first day of the week, the pound sterling did not show any activity, ending the day with conditional consolidation on a four-hour chart. The technical situation for this day has not changed, only the marlin oscillators on both considered charts have slightly increased, which is interpreted as the discharge of the indicator […]
Forecast for May 21: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1222, 1.1212, 1.1197, 1.1184, 1.1156, 1.1144 and 1.1112. Here, we continue to follow the development of the downward structure of May 13. Short-term downward movement is expected in the range of […]
Entry : 1.0123 Why it’s good : Horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension Stop Loss : 1.0158 Why it’s good : horizontal overlap resistance, 61.8% Fibonacci retracement Take Profit : 1.0008 Why it’s good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support The material has been provided by InstaForex Company […]
Price is approaching resistance area at 0.6963 where it could potentially reverse to its support at 0.6903. Entry : 0.6963 Why it’s good : horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement Stop Loss : 0.7021 Why it’s good : horizontal swing high resistance Take Profit : 0.6903 Why it’s good : 61.8% Fibonacci […]
USDJPY near key resistance, a drop to first support is possible Entry: 110.32 Why it’s good : 100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal swing high resistance Stop Loss : 111.051 Why it’s good :61.8% Fibonacci retracement,horizontal overlap resistance Take Profit : 109.05 Why it’s good: 100% Fibonacci extension, horizontal swing low support […]
Last week was much more successful for the dollar than the previous one, especially if you look at the single European currency, which seems to have tried to strengthen its position, but again started to weaken. Frankly, the reasons for dollar’s success is largely due to the fact that the UK has once again remembered […]
The British pound opened the week with a downside and remains one of the main outsiders of the foreign exchange market. Last week, the GBP/USD pair’s loss exceeded 250 points. It is expected that in the coming session the pressure on the sterling will continue. However, on Monday during European trading, the British currency managed […]
The White House believes that you can sacrifice your ideas about the benefits of a weak dollar for the country’s economy in favor of the revision of the terms of trade with Beijing. According to the presidential administration, China will sooner or later agree to a deal, since it is not in its interest to […]
Despite the fact that trade tensions in the world are increasing, and the global economy is on the verge of a recession, gold remains under pressure. Apparently, market participants still prefer other defensive assets, like the yen and the US dollar, which reduces the potential for the yellow precious metal to recover its value. Many […]
At the beginning of last week, the dollar-yen pair reached a 5-month low, recording 109.05. But then the price bounced off from the bottom of the price and returned to the 110th figure. Today, USD/JPY bears made another attempt to decline, dropping to the target of 109.80. Such fluctuations were a result of, above all, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 100p – 69p – 97p – 64p – 86p. Average amplitude for the last 5 days: 83p (77p). More than a day has passed since Theresa May’s statement that she is preparing a new “bold” proposal for the Brexit deal to Parliament, but no new […]
4-hour timeframe The amplitude of the last 5 days (high-low): 42p – 43p – 47p – 58p – 29p. Average amplitude for the last 5 days: 44p (46p). As is often the case on Mondays, especially when there are no planned macroeconomic reports in countries whose currencies converge in one pair, volatility has dropped to […]
Bitcoin has been trading upwards in past 24h but the BTC hit overbought condition. Watch for selling opportunities. According to the H4 time-frame, we found that there is the buying climax in the background followed by the up-thrust (reversal bar), which is sign that buying at this stage looks risky. Also, key swing high at […]
EURUSD remains in a bearish medium-term trend but shows signs of a possible bounce back towards 1.12. Trend remains bearish as long as price is below 1.1230-1.1260 but we find horizontal support from previous lows at the current trading area of 1.1150-1.1160. Red rectangle – horizontal support area Red line – major trend line resistance […]
Gold price has made a deep pull back from $1,302 just right on top of the major support level of $1,276 we have been talking about over the last few weeks. Gold price has stopped its decline and this gives hopes to bulls. Green line – major trend line support Blue neckline – short-term support […]
On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, 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. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection […]
EUR/USD has been trading downwards as we expected. Anyway, we expect potential rally on the EUR. According to the H1 time-frame, we found that there is the breakout of the downward supply trendline, which is sign of the potential rally. We also found a rejection of the 20EMA at 1.1161, which is signal of the […]
Gold has been trading downwards as we expected. The price tested the level of $1.273. We still expecting more downside but we expect rally first. According to the 30M time-frame, we found that there is the breakout of the downward channel and successful re-test, which is sign of the potential rally. We also found a […]
The euro remains in the channel in the absence of important fundamental statistics and before the start of the elections to the European Parliament, which further discourage potential investors and traders. The report on the reduction of the eurozone current account surplus did not allow the bulls to return to the market and begin the […]
To open long positions on GBP/USD, you need: Buyers made a false breakdown in the morning support area of 1.2723, but did not even manage to get to the resistance of 1.2766, near which the entire upward correction could have ended. In the case of a breakdown of the minimum of 1.2723 in the second […]
