Looking at how the US stock market in May first collapsed and then began to recover under the influence of Donald Trump’s tweets, you make sure that it becomes a toy in the hands of the US President. A statement on the introduction of duties on all Chinese imports sent the S&P 500 to a […]
BTC has been trading downwards as we expected. The price tested the level of $6.955. We still expect downside. Both of your yesterday’s targets at $7.607 and $7.418 were met. We found strong reaction from sellers and strong drop on BTC. Most recently, there is the potential bearish flag in creation, which is sign that […]
On March 29, the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) demonstrated significant bullish rejection. This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted bearish channel was located. Since then, Short-term outlook has turned into bearish with intermediate-term bearish […]
Gold has been trading downwards as we expected. The price tested the level of $1.275. We still expecting more downside. According to the 4H time-frame, we found that there is the breakout of the upward trendline (green line), which is sign that sellers are in control. We also found potential completion of the ABC upward […]
USD/JPY has been trading upside as we expected. The price tested the level of 110.02. The breakout of 3-balance is present. Watch for buying opportunities. According to the 4H time-frame, we found that there is strong bullish divergence on the Stochastic oscillator and MACD indicator, which are strong signs that buyers took from control from […]
Hello, dear colleagues. For the currency pair Euro/Dollar, the continuation of the main downward trend is expected after the breakdown of 1.144. For the currency pair Pound/Dollar, the continuation of the downward movement is expected after the breakdown of the level of 1.2733 and the movement to the top is considered as a correction. 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 […]
While lacking in central bank meetings, the coming week is still a busy one. A poor showing by the UK Conservatives in the European Parliament elections could make it even more likely that Theresa May is replaced with someone that wants to deliver Brexit ‘no matter what’, keeping the pound on the back foot. Meanwhile, […]
There is no breaking news on the market. In the question of the US trade war, China is frozen. Trump’s expectations for China’s activity after the increase in duties in May did not materialize. In Britain, Prime May seems to be retiring in June – finally realizing that her efforts to force Britain out of […]
According to the data on economic statistics, the number of building permits issued in the United States increased by 0.6% in April against a 0.2% decrease in March and a forecast of a 0.5% increase. In quantitative terms, it rose to 1.296 million versus 1.288 million. At the same time, the volume of construction of […]
This week, investors continued to focus on trade issues. This is after Donald Trump decided to add tariffs to Chinese goods worth more than $200 billion. This week, the Chinese retaliated against the US and announced that they would add tariffs on goods worth more than $60 billion. While the size of these goods is […]
The price of crude oil is set for the largest weekly gains since early April as troubles in the Middle East continued. Late last week, Saudi Arabia and the United Arab Emirates (UAE) reported that a number of their oil tankers had been attacked. This attack was blamed to Iran supported Yemeni rebels. Yesterday, Saudi […]
GBPAUD is edging slightly higher after the pullback on the 23.6% Fibonacci retracement level of the upleg from 1.7220 to 1.8880 near 1.8485. The RSI is flattening around the neutral threshold of 50, while the stochastic oscillator is moving near the oversold territory. However, the 20- and 40-simple moving averages (SMAs) in the daily chart posted […]
Fear and greed are the most important factors in the market. When the markets are going up, traders tend to be greedy and buy more with the hopes that the upward trend will continue. When the price of an asset is moving lower, traders tend to short, with the hopes that the price will continue […]
In general, everything went exactly as planned. Unlike the previous day, the American statistics did not disappoint investors and allowed the dollar to continue its confident strengthening. Thus, the number of new construction projects increased from 1,268 thousand to 1,235 thousand, and building permits issued from 1,288 thousand to 1,296 thousand. Growth was expected but […]
Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6571. On the H1 chart, the level of 0.6571 coincides with 38.2% of Fibonacci, which is expected to act as minor resistance today. Since the trend is below the 38.2% Fibonacci level, the market is still in a […]
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 […]
Thursday was marked by the strengthening of the greenback to all major currencies. Yesterday, the dollar reached its highest value since May 3 – 97.8 points. Today, the USD index continues to trade near the 2-week high. The American currency was supported by the April release of the real estate market and the weekly report […]
EUR / USD On Thursday, May 16, trading ended for EUR / USD by 30 bp lower. New sales of the tool are fully consistent with the current wave marking, involving the construction of a downward wave of 3, 3, 3 with targets under the 11 figure. The US dollar grew yesterday on all fronts […]
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 […]
WTI crude oil futures found strong support at the 23.6% Fibonacci retracement level from the one-and-a-half-year low of 42.50 to the recent peak of 66.60 over the last two weeks, remaining also above of the ‘golden cross’ within the 50- and 200-day simple moving averages (SMAs). The stochastic oscillator is approaching the overbought levels, giving signals […]
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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 […]
Pound continues to slide as cross-party Brexit talks set to end and countdown begins to PM May’s exit Euro also on the backfoot as Italian political worries re-emerge US dollar climbs to 2-week high following strong corporate earnings and solid US data Pound extends losing streak as Brexit risks rise Sterling is on track to […]
Selling interest is continuing in the AUDJPY market, pushing the price towards a new four-month low of 75.37. The price is also holding beneath the red Tenkan-sen and the blue Kijun-sen lines, while the MACD is strengthening its bearish momentum below zero. The RSI is bearish as well, though under its 30 oversold mark. Another signal for more sell-off […]
Trend analysis (Fig. 1). Today, the price can continue to move down with the goal of 1.1148 – the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes […]
To open long positions on GBP/USD you need: While there are still differences within the British parties regarding Brexit, buyers of the pound will remain on the sidelines without taking any active steps. The best scenario for stopping the bearish trend today will be the test of the support level of 1.2769 with confirmation of […]
Trade disputes between the United States and China are beginning to acquire more and more features of open confrontation. On Thursday, a spokesman for the Ministry of Commerce of China said that the United States was abusing defensive control measures, which made the negotiation process more difficult, while the United States was preparing to tax […]
USDCAD has been range-bound for another week within the 1.3520-1.3375 area, while candles keep closing above the lower line of the symmetrical triangle. The sideway move in the RSI and the flattening Ichimoku indicators (Tenkan-sen, Kijun-sen) signal that the pair may extend its neutral performance in the short term. On the upside, the price would have to finish a session comfortably […]
