Overview: The GBP/USD pair continues to move upwards from the level of 1.2988. Last week, the pair rose from the level of 1.2865 to a top around 1.3184 but it rebounded to set around the spot of 1.2988. Today, the first resistance level is seen at 1.3060 followed by 1.3184, while daily support 1 is […]
To open long positions on GBP/USD, you need: The bulls are working out the divergence on the MACD indicator in the area of the morning support level of 1.2980, and while the trade is conducted above this range, we can expect the end of the bearish trend. The main task of buyers for the second […]
To open long positions on EURUSD, you need: The situation has not changed in the absence of important fundamental statistics for the eurozone. In the afternoon, a number of reports on the US economy are expected, which may lead to the exit of EUR/USD from the channel. The main goal remains the range of 1.1214, […]
China is the most important economy in the world. In the past few years, the country has transformed itself from a struggling Asian country to one of the fastest-growing one. It has achieved this by educating its young population on business and manufacturing. This has made it the world’s factory. In fact, most things used […]
The Japanese markets opened on Tuesday after a ten-day break as the country celebrated the “Golden Week’. This is a week in which the country welcomes a new emperor. As the markets opened, traders found that the Japanese yen was hovering above the $110.70 level, which is where it was before the markets shut. To […]
Sweden is an important European country with a GDP of more than $520 billion, making it the 21st largest economy in the world. It has a GDP per capita of $52K. The main sectors for the economy are in agriculture, industry, and services. This year, the country’s currency is the worst-performing major currency in the […]
The US 30 stock index has declined over the last three consecutive days after it reached another all-time high of 2960.48. Currently, the price is meeting the 2860 support area, which overlaps with the 50-day simple moving average in the daily timeframe, slipping beneath the red Tenkan-sen and the blue Kijun-sen lines. The bearish correction […]
The Canadian dollar is trading near its 2019 lows against the US dollar as investors await the employment report for April on Friday at 1230 GMT. Stronger figures in employment may provide some more relief to the domestic currency, sending dollar/loonie lower. Consensus is for the unemployment rate to hold at 5.8%, which is the highest […]
EURUSD is preparing for a strong move. Perhaps, the trigger will be reports on inflation in the United States on Wednesday and Thursday at 15:30 Moscow time. Technically, the euro looks ready to break through the levels of 1.1220 and 1.1270 and the big trend to the top. We are ready to buy from the […]
The Binance hack was quickly forgotten, after which the growth of Bitcoin resumed, which helped to overcome several important levels of resistance, which I paid attention to yesterday, and get close to a new maximum in the area of 6360. Signal to buy Bitcoin (BTC): Buyers will push Bitcoin around the highs of 6360 and […]
4h As seen on the 4-hour chart, the EUR/USD pair rebounded from the retracement level of 100.0% (1.1177), which allows traders to expect some growth in the direction of the retracement level of 76.4% (1.1241). There are no emerging divergences today. The strengthening of the pair under the Fibo level of 100.0% can be interpreted […]
4h As seen on the 4-hour chart, the GBP/USD pair continues the process of falling in the direction of the retracement level of 61.8% (1.2969). The rebound of the pair on May 9 from the Fibo level of 61.8% will allow us to count on a turn in favor of the British pound and a […]
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Wave counting analysis: On Wednesday, May 8, trading ended again for EUR / USD without significant price changes. The pair continues to trade mainly between the levels of 100.0% and 76.4% Fibonacci. And the current wave counting still involves the construction of a downward trend. Since the activity of the markets is now very low, […]
Wave counting analysis: On May 8, the GBP / USD pair lost about 70 bp more. It continues to build a supposedly new downward trend with the closest targets located near the minimum of wave y. The upward trend is presumably completed and bears the status of the correction. At the same time, the apparent […]
The deputy head of the US Federal Reserve, Richard Clarida, said that the regulator sees no reason to change the rate either to one or the other. According to Clarida, the weakness of inflation, which caused some concern to the Fed earlier, was largely due to temporary factors, and we should expect its growth. The […]
Trend analysis (Fig. 1). On Thursday, technical analysis gives a rollback to the upward movement. The first upper target 1.3059 is the pullback level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – […]
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 […]
GBPJPY had a strong bounce off on the upper boundary of the descending channel around 146.50 in the previous week, dropping towards a fresh almost two-month low of 142.86 today. The price also plunged beneath the Ichimoku cloud and the 23.6% Fibonacci retracement level of the upleg from 132.50 to 148.86 around 142.60. From the […]
Markets remain in risk-off mode ahead of tariff decision tonight Risks seem tilted towards escalation, but it’s a close call Dollar eyes remarks by Fed Chair Powell and PPI data Yen extends gains as nervous markets await tariff decision Market sentiment remains fragile on Thursday as the prospect of further escalation in the US-China trade […]
For the first time, on 22nd June XM is to hold a forex trading seminar and workshop in the second-largest city of Pakistan, Lahore, to provide free education to retail investors who embrace the opportunity to improve their online investing skills with professional guidance. Due to take place at Pearl Continental Hotel Lahore, the seminar […]
To open long positions on GBP/USD you need: Buyers managed to show themselves only in the large support area of 1.2987, to which I paid attention in yesterday’s review. At the moment, the main task of the bulls is to protect this level, as well as to return and consolidate above the resistance of 1.3043, […]
To open long positions on EURUSD you need: Today, the main goal for buyers is to consolidate above the resistance of 1.1214, above which EUR/USD will return to the area of last week’s high to 1.1260 and maintain an upward potential with a test of levels 1.1282 and 1.1301, where I recommend taking profits. In […]
Trend analysis (Fig. 1). Today, before the news, there is an upward movement, with the aim of 1.1213 – 21 average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1240 resistance line (red bold line). Fig. 1 (daily schedule). Comprehensive analysis: – […]
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The escalation of the US-China trade conflict supported defensive assets. The position of the Japanese currency, which paired with the dollar for the first time since March, fell below the key level of 110, looks the most beneficial (at the moment). And although the pair is sliding down quite slowly, the downward trend is evident: […]
Crypto Industry News: According to the latest report for April 2019, the SFOX index currently reads the crypto marketplace as “moderately up.” This is indicated by volume and volatility from the eight major cryptocurrencies: BTC, BCH, ETH, LTC, BSV, and ETC. Thus, the sentiment of March this year is maintained, which at that time was […]
Morning Report: 07.00 London The British pound continues to struggle this morning, with the GBP/JPY sitting just above support at 143.00 after slumping below 144.00 yesterday. This comes as markets grow increasingly restless ahead of European elections. The GBP/USD is making small gains this morning, but this comes after three days of heaving selling. 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 […]
Crypto Industry News: Binance, one of the largest cryptocurrencies exchanges according to the daily volume of trade, experienced a serious breach of security, according to the published statement. According to Binance, hackers used various tactics, including phishing and viruses, to obtain a large number of 2FA codes and API keys in addition to other information. […]
