Technical analysis of Ethereum for 20.05.2019 The wave 4 cycle is still in progress. Crypto Industry News: The largest Russian bank, Sberbank, demanded from customers to provide information about their revenues from cryptocurrencies, according to the financial media. Co-founder of the cryptocurrency trading platform Toxenbox.io, Vladimir Smerkis, told media that a client had received a […]
Crypto Industry News: Judge Joel Cohen of the Supreme Court in New York approved the request of the Bitfinex cryptocurrency exchange to change the order of the New York Attorney General. As announced, the court order will allow the Bitfinex stock exchange and the related stable coin Tether operator to continue its normal operations. The […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com – Daily financial news – 20.05.2019 Related Posts:EUR/USD. Analysis for […]
In the months to follow, XM will continue the long series of forex seminars throughout Thailand to accommodate the needs and interest of retails traders eager to acquire in-depth knowledge about online trading practices. The next upcoming seminar locations that our team members, along with professional instructor and event presenter Sompop Jittrakul, will reach on […]
Since its deep fall towards a two-week low in early May, EURUSD slipped beneath the 20- and 40-simple moving averages (SMAs) in the daily timeframe, remaining in a descending channel of its drop from 1.1570. The technical picture supports that the 1.1260 resistance is likely to continue to hold in the short-term. Looking at momentum indicators, the […]
Despite the abundance of macroeconomic reports and planned speeches by representatives of the ECB and the Fed, the euro-dollar pair will focus on political fundamental factors this week. The focus will be on Italy, China and the European Parliament elections. Factors such as the intentions of Italian politicians, the prospects for the US-China trade negotiations […]
AUD / USD pair On Thursday and Friday last week, the Australian dollar was actively declining, but did not reach the support of the embedded line of the price channel and opened a new week from an increasing gap of 46 points this morning. Thus, convergence with the marlin oscillator was formed on the four-hour […]
Today, Bitcoin is trading at the upper limit of the flat. If this zone is broken, and the close of the trading will occur above the level of 8085.79, then further growth will become a priority again. It is important to understand that the upward impulse is a strong medium-term structure. Working towards an increase […]
GOLD has lost ground against USD recently. Hence, the price resided at the edge of 1276 support area with an impulsive bearish pressure. GOLD hit two-week lows on Friday as the US dollar surged up following the release of the data that showed US consumer sentiment was at a 15-year high. The US dollar was […]
Technical Market Overview: The GBP/USD pair continues to move lower after the technical support at the level of 1.2772 was violated. The new local low was made at the level of 1.2709, just above the technical support at the level of 1.2705. Despite the oversold market conditins, there is no sign of any trend reversal […]
Technical Market Overview: The EUR/USD pair has broken below the technical support located between the levels of 1.1167 – 1.1173 and made a new local low at the level of 1.1153. Despite the oversold market conditions, the bears are pushing the price lower towards the next technical support located at the level of 1.1111. The […]
GBP/JPY dipped to a low of 139.53 and tested the 50% corrective target. We are looking for confirmation that the wave 2 has completed with the test of 139.53 and a new rally higher. A breakout above resistance at 140.69 will be a strong indication that the wave 3 higher to 151.50 is developing. Short-term […]
Today’s growth in the Asian session indicates the absence of a large cluster of limit orders above the a WCZ of 109.98-109.89. The probability of further growth is 70% with the first goal at the weekly CZ of 110.94-110.77. It is important to understand that purchases from current rate will be less profitable than those […]
EUR/JPY is currently testing important resistance near 123.25 and a clear break above this resistance will confirm that the wave ii has completed with the test of 122.06 and a new impulsive rally higher to 129.35 is developing. That said, we also need to recognize that the downtrend from 126.83 remains intact as long as […]
Morning Report: 07.00 London This morning, markets have started the week with positive intent, with demand for safe havens diminishing. The US dollar index has gapped lower at the open, while the Japanese yen continues to back off. The USD/JPY in particular has gapped higher, as the pair puts more distance away from last week’s […]
https://pepperstone.com/en/forex-news/market-review -GBP post overnight gains -AUD rebounds strongly on the election results -CNY finds its feet vs USD -CAD & MXN are still slipping against the dollar -BTC & ETH are both up again. -Aussie PM defies the polls -Japan’s economy is performing positively once more -A warning on Italy and a possible euro crisis […]
GBP/USD On Friday, the pound sterling fell by 80 points, moving away from the support of the embedded line of the price channel, which has now become a resistance. The signal line of the marlin oscillator on the daily and four-hour charts slightly bent up, but the opening of Monday occurred with an increasing gap, […]
EUR/USD Last Friday, the euro continued to fall on expectations of an increase in opposition forces in the European Parliament after the elections of May 23-26. The price reached the first target of 1.1155 – the Fibonacci level 110.0%, and this morning it already overcame it with the intention to reach the second target of […]
Forecast for May 20: 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 […]
The pair’s downward movement is still a medium-term impulse. As long as the pair is trading below the WCZ 1/2 1.0154-1.0145, any upward movement will fit into the correction frame. The higher the price growth, the more favorable prices can be obtained for selling the tool. The first goal of the fall is the weekly […]
The formation of a medium-term flat continued last week. The upper limit formed by the WCZ 1/2 1.3490-1.3479 again acted as resistance and trade closed below it. While the pair is trading within the accumulation zone, the main deals should be made after the test of the range limits. The targets are the opposite border. […]
The downward movement is a medium-term impulse, so selling is still a priority. It is not profitable to sell on Monday from current grades, since the target of the fall is the weekly CZ of 0.6470-0.6456. Any growth should be used as an opportunity to sell the pair. The first resistance will be WCZ 1/4 […]
The pound paired with the dollar ended the trading week at five-month lows, that is, at around 1.2713. Taking into account the dynamics of the downward movement, the bears could easily renew the annual low, but they were forced to suspend their triumphal two-week procession due to the onset of the weekend. However, on Monday, […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com – Weekly financial news – 19.05.2019 Related Posts:EUR/USD. Analysis for […]
EURUSD is ending the week below 1.1170. Despite reaching 1.1260 resistance area price could not break out and above the long-term bearish channel. The rejection was a bearish sign and as we warned the inability to break above 1.1230 combined with a double rejection at 1.1230 has led us to expect a move towards 1.11 […]
Gold price started this week on a strong foot breaking above $1,290 and reaching $1,302. However this strength was short-lived and it now looks more like a fake break out and a bull trap. Gold price ends the week below $1,280. The weekly candle cautions for more downside to come. Blue line – major trend […]
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 was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]
The currency market continues to be dominated by anti-risk sentiment. The news background is getting darker every day, putting pressure on both the euro and other high-yield currencies. The fundamental picture really leaves much to be desired: only in the last day, it became known that the Brexit talks finally failed, China is ready to […]
Theresa May will sooner or later leave her Prime Minister’s chair, and this is already perceived as a fact. The interest now is something else: when will this happen and who will replace May. As is known, the current British Prime Minister has extended her time until the beginning of June. Another parliamentary vote on […]
4-hour timeframe The amplitude of the last 5 days (high-low): 41p – 42p – 43p – 47p – 58p. The average amplitude over the last 5 days: 46p (50p). The main indicator of the consumer price index in the eurozone for April was fully consistent with the forecasts of experts and amounted to +1.7% in […]
