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 […]
Tesla’s stock price has been trading within a downward sloping channel over the last five months. Looking at the short-term momentum indicators, they paint a cautiously negative picture. The RSI seems headed for a test of its 30 zone, while the stochastic is heading south in the daily timeframe. The ‘death cross’ within the 50- […]
Chinese stocks fell in price, and the yuan strengthened, as investors believe that Beijing and Washington will be able to save a bargain, despite rising tariffs in the United States, which sharply aggravated relations. Traders also expect Beijing to announce tighter monetary policies and support measures if the US decision adds pressure to the Chinese […]
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 […]
The unexpected increase in tariffs on Chinese imports has radically changed the near future of the euro. The currency is preparing to grow for the second week in a row amid concerns that any escalation of the trade conflict between the United States and China will force the Fed to lower interest rates. D. Trump […]
Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6648. On the H1 chart, the level of 0.6648 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is below the 23.6% Fibonacci level, the market is still in a […]
Bitcoin managed to sustain the bullish non-volatile momentum along the way which allowed the price to reside above the $6300 area recently. Bitcoin has not dropped below $6k since breaching the psychological barrier in early trading. Bitcoin has pushed on a further 3 percent today. Due to the big move, BTC volume surged up to […]
Wave counting analysis: On May 9, the GBP / USD pair did not lose a single base point, and the wave marking did not suffer any changes. If the assumption about the full completeness of the ascending set of waves is true, then the pair will continue to decline with targets located near the Fibonacci […]
Wave counting analysis: On Thursday, May 9, trading ended for EUR / USD by 20 bp. However, the peak of May 1 was not updated respectively. The current wave marking remains unchanged and continues to suggest the construction of a downward trend. As before, I draw attention to the fact that the markets are now […]
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 […]
GBPAUD has declined considerably since it reached an almost three-year high of 1.8880 on Monday, sending the price until the 1.8530 support. The RSI is turning slightly lower approaching the 50 level, while the stochastic oscillator seems to be strongly bearish, as it is heading towards the oversold territory. However, the 20- and 40-simple moving averages […]
Trend analysis (Fig. 1). Today, there is an upward movement, with the target of 1.1236 – the resistance line (red bold line), and it is possible to continue the upward movement with the target of 1.1252 – the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – […]
Trend analysis (Fig. 1). On Friday, technical analysis demonstrates a downward movement. The first lower target of 1.2942 is the support line (blue bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis – down; […]
Work outside the zone of the average course of the week involves finding favorable prices for the purchase of an instrument. The upward movement will be corrective, but the probability of closing today’s trading within the range of more than 70%, so buying through the pattern of a “false breakout” will be profitable at a […]
The trade war between the United States and China nevertheless entered the active phase. This morning the tariff rate of 200 billion Chinese imports was raised from 10% to 25%. After several months of negotiations, both sides consistently reported progress. And the step taken by the US government looks unexpected and illogical. Trump put the […]
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 […]
Markets barely react after US raises tariffs, may be too complacent US inflation data coming up, may weigh on the dollar a little UK GDP and Canadian jobs figures also due Trump hikes tariffs, but complacent markets still see it as posturing As threatened, the US raised its tariffs on $200bn of Chinese goods to […]
As long as the pair is trading above the WCZ 1/2 1.0129-1.0119, the upward movement will remain a priority from the mid-term point of view. The formation of a three-week accumulation zone is now visible, so the long position will aim for the upper limit of the flat, which is located at the high of […]
To open long positions on GBP / USD you need: Yesterday, buyers managed to stop the pound’s downward movement after the divergence on the MACD indicator, which I talked about in more detail in my reviews. At the moment, the task of the bulls is the resistance of 1.3020, the breakthrough of which will form […]
To open long positions on EURUSD you need: In the first half of the day, euro buyers need to protect the support level of 1.1215, which they managed to overcome yesterday. While trading will be conducted above this range, you can count on EUR/USD growth in the area of last week’s high to 1.1260, which […]
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 […]
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USDCAD rebounded on the 20-day simple moving average (SMA) several times in the preceding sessions, but it still remains below the four-month high of 1.3520. The risk is currently viewed as bullish-to-neutral as on the one hand the RSI seems to be changing direction southward to meet its 50 neutral mark, but the red Tenkan-sen is on a sideways move above the blue Kijun-sen and […]
Friday’s main event – Trump has introduced new increased duties on goods worth $200 billion from China. Former tariffs on these goods have been raised from 10% to 25%. Despite expectations, China did not rush to make concessions to the United States. The reason for the introduction of duties, according to the United States is […]
The EURUSD rate has broken through the daily level of 1.1220 to the top and gave a signal to start the beginning of an upward trend. However, the upward movement has not yet developed. We keep buying from 1.1220 Possible purchases at the breakthrough of 1.1270 up. In case of a full turn downwards, we […]
While the pair is trading below the WCZ 1/2 1.3490-1.3479 the downward movement remains a priority. The absorption pattern should form on the daily timeframe in order for the fall to continue. The formation of a local accumulation zone will take place, where buyers and sellers agree to work within the framework of a flat. […]
Crypto Industry News: The Liechtenstein government announced in a press release that it adopted new regulations on tokenization, virtual asset service providers and Blockchain. According to the publication, the new Token and VT Service Providers Act, adopted on May 7, aims to improve investor protection, combat money laundering and ensure clarity. The announcement also cites […]
Crypto Industry News: The social media giant, Facebook, said it would change its position regarding ads for cryptocurrencies and solutions based on Blockchain technology, less than a year and a half after successfully closing the door to cryptographic ads. The unambiguous ban on Facebook, imposed in January 2018, did not last long. In June 2018, […]
The WCZ 1/2 test 0.6599-0.6592 led to a proposal. This opens up opportunities for selling the tool. The first goal of the fall will be yesterday’s low. Partial consolidation and transferring the remaining part to breakeven is the optimal strategy. The downward trend is a strong structure, so it will require a major seller to […]
Technical Market Overview: The EUR/USD pair has broken through all the important Fibonacci retracements and tested the technical resistance at the level of 1.1249. There is an interesting candle at this level with a long upper shadow that indicates the bearish activity at this market prices. Moreover, the market returned to the range very quickly […]
