EURUSD has reversed back up again after finding support at the 23-month low of 1.1110, achieved on April 26. The price is hovering within the 20- and 40-simple moving averages (SMAs) in the daily timeframe, remaining within the four-month descending channel. Momentum indicators are pointing to positive bias in the short term with the MACD […]
Direct engagement in charitable work is the main purpose of the XM Foundation. While our humanitarian missions embrace a diverse range of charity activities, we also join forces with foundations that serve the well-being of people on the fringes of society. Following our team members’ trip to Uganda in 2017 to attend the inauguration of […]
The sideways consolidation we have seen over the last couple of days, should lead to a final dip towards our target near 141.05 to complete the wave 2 and set the stage for a new impulsive rally in the wave 3 towards 151.30. Resistance remains in the 143.36 – 143.74 area which is expected to […]
A clear breakout above minor resistance at 123.62 will be a strong indication that the wave ii has completed with the test of 122.49 and the wave iii towards 129.35 is ready to take over. In order to confirm that the wave iii is now in control, we need to see a breakout above resistance […]
https://pepperstone.com/en/forex-news/market-review -Euro gains and Sterling loses vs USD -The Yen and the Yuan diverged vs USD over the last week -Dollar index starts this week on the back foot -Cryptocurrencies bounced back last week -Aussie home loans data disappoints -Saudi tankers attacked in the gulf? -UBER’s IPO bucks a recent trend- does it mean anything? […]
Price is approaching resistance where we might see a corresponding drop in price to our first support level. Entry : 1.1248 Why it’s good : horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension Stop Loss : 1.1281 Why it’s good : horizontal pullback resistance, 76.4% Fibonacci retracement Take Profit : 1.1169 Why it’s […]
Price is approaching a key support at 0.6968 where it could potentially bounce to its resistance at 0.7006. Entry : 0.6968 Why it’s good : horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 0.6934 Why it’s good : 100% Fibonacci extension Take Profit : 0.7006 Why it’s good : 76.4% […]
EURJPY near key resistance, a drop to 1st support is possible Entry:123.59 Why it’s good :100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement Stop Loss : 124.29 Why it’s good :38.2% & 61.8% fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance Take Profit : 122.52 Why it’s good: 61.8% Fibonacci retracement, 100% Fibonacci extension*2, […]
FX Risk –Trump Hikes Chinese Tariffs, Is Europe Next? The trade war is back on and despite the FX market’s muted reaction to President Trump’s Chinese tariff hike last week they pose a serious risk to currencies and equities going forward. After four months of relative peace, Trump is getting tough on trade again. Related […]
FX Risk –Trump Hikes Chinese Tariffs, Is Europe Next? The trade war is back on and despite the FX market’s muted reaction to President Trump’s Chinese tariff hike last week they pose a serious risk to currencies and equities going forward. After four months of relative peace, Trump is getting tough on trade again. Related […]
FX Risk –Trump Hikes Chinese Tariffs, Is Europe Next? The trade war is back on and despite the FX market’s muted reaction to President Trump’s Chinese tariff hike last week they pose a serious risk to currencies and equities going forward. After four months of relative peace, Trump is getting tough on trade again. Related […]
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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% […]
Growth data of American inflation could not support either the EUR/USD bulls or bears pair. Due to the lack of confident inflation growth, the market continued to get rid of the dollar by inertia, so that the price rose to the middle of the 12th figure. But the published figures can be interpreted in two […]
EURUSD is trying to break out and above the downward sloping bearish channel. Bulls are challenging the upper channel boundary around 1.1260. As long as price remains below the 1.1260 level trend will remain bearish. Red lines – bearish channel Green rectangle -short-term support Blue rectangle – horizontal resistance EURUSD is challenging previous short-term highs […]
Gold price is trading at its weekly highs and above last week’s highs. Gold price has found support at $1,266 and is now challenging important short-term resistance and previous top at $1,290 resistance area. Red rectangle – major confluence zone Blue line- important short-term resistance trend line Blue rectangle – short-term support Gold price is […]
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 as well as the backside of the depicted broken uptrend line demonstrated significant […]
Further prospects for the single currency largely depend on the outcome of the US-China trade negotiations. The EUR/USD pair reacted weakly to Donald Trump’s Sunday “tweets”, the jump of the Japanese yen turned out to be moderate. It is possible that investors continue to believe in the deal between Beijing and Washington. As for the […]
BTC has been trading upwards. The price tested the level of $6.400. Anyway, buying looks very dangerous and selling is preferable. Green lines – Rising wedge in creation (bearish pattern) Blue line – 20 Exponential moving average White diagonal line – Resistance on the test Blue horizontal line – Support 1 ($6.141) Blue horizontal line […]
Gold has been trading sideways at the price of $1.287. The intraday momentum is bullish and there is also potential for the breakout of the balance, which is positive sign for the Gold. Buying opportunities are preferable. Purple rectangle – Resistance $1.285 White horizontal line – Resistance 2 ($1.289) White diagonal line – Resistance on […]
To open long positions on EURUSD, you need: In the first half of the day, euro buyers held the pair before the release of important statistics on the US economy. Further movement of the euro will directly depend on it. While trading will be conducted above the range of 1.1215, one can count on the […]
GBP/USD is trading sideways to upwards at the price of 1.3024 in past 24 hours. We still expect upside on the GBP and further strength. Purple rectangle – Resistance 1.3024 Red horizontal line – Support 1.2991 Red horizontal line – Support 2 1.2967 We found that bullish divergence on the Stochastic oscillator on the 4H […]
Today, the pound completely ignored the published data on the growth of the British economy and the volume of industrial production. The British currency is still under the pressure of Brexit: after the last failed negotiations between Laborites and Theresa may, this issue again plunged into an atmosphere of uncertainty. In pair with the dollar, […]
The last wave relevant for the calculation of trading plans starts on March 25. The wave in its form is corrective. From April 23, the middle part of the structure (B) is formed in its structure. In the last 3 days, the quotes roll back down, preparing the ground for the final price breakthrough. Forecast: […]
The last short-term wave of the pound starts on March 13th. During this time, the structure formed the first 2 parts (A + B). The decline that began on May 3 gave rise to the final part (C). In the reversal model, rollback up is not enough. Forecast: The general flat mood is expected at […]
It will be a busy day for the markets as traders receive crucial data. They will also continue to follow up on the ongoing trade negotiations between the United States and China. The following will be the most important market events that traders will pay attention to today. Uber IPO Today, Uber will become a […]
Soybeans is one of the most important American exports. The crop, which is mostly used in the manufacture of edible oils is mostly exported to China and the European Union. 60% of all US soybeans are exported to China. As such, its price continued to decline this week after the United States implemented fresh tariffs […]
The week was a challenging one for investors as global stocks ended the momentum seen this year. In the past five days, the Shanghai Composite, S&P 500, Nikkei, FTSE, and DAX have declined by 0.76%, 0.50%, 0.80%, 0.50%, and 0.92% respectively. This article explains the key themes that investors were following through the week. US-China […]
The US 100 index retreated this week, after reaching a new all-time high in late April. However, the bears have so far been unable to push the price below the 50-day simple moving average (SMA), and as long as that remains the case, the broader outlook still seems positive. In case of further declines, a […]
In the structure of the dominant on the euro chart from March 20, the downward wave met almost all the conditions for the final breakthrough of the price down. At the end of the correctional part (B) from March 1, the conditions for the beginning of an active decline are formed. The price is in […]
