Gold printed fresh losses last week after remaining mostly stable in the first half of the month, slipping near a four-month low of 1,271 on Friday. The price, however, has been flirting with the lower Bollinger band in the past three sessions, while the Stochastics have already registered a bullish cross in oversold area below 20, both justifying today’s […]
Twitter stock price has been developing within a consolidation area over the last nine months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. From the technical point of view, the market could experience some softness in the short term, as the RSI is slipping towards its 50 neutral level and the MACD […]
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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 […]
On Monday, the market will continue to move down. Monday is festive, and so as the side channel. The first lower target is 1.1218. The recoiling level is 76.4% (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis […]
By the end of the last trading week, the currency pair pound / dollar was in the same position, showing a volatility of 28 points. From the point of view of technical analysis, we have a compression of 1.2970 / 1.3000. This is the framework of the range level where the quote came earlier. Informational […]
Trend analysis (Fig. 1). In the coming week, the price will move down with the first target of 1.2908 – a pullback level of 50.0% (blue dotted line). Fig. 2 (weekly schedule). Comprehensive analysis: – Indicator analysis – down; – Fibonacci levels – down; – Volumes – down; – Candlestick analysis is neutral; – Trend […]
4h As seen on the 4-hour chart, the GBP/USD pair completed a fall to the retracement level of 61.8% (1.2969), but neither the end of time nor the close occurred below. As a result, traders need to wait for either the first or the second to start trading on Monday, April 22. The strengthening of […]
Trend analysis (Fig. 1). In the coming week, the price will move down with the first target of 1.1198 – support line (blue thick line). Fig. 2 (weekly schedule). Comprehensive analysis: – Indicator analysis – up; – Fibonacci levels – neutral; – Volumes – up; – Candlestick analysis is neutral; – Trend analysis – down; […]
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 […]
Oil soars as US prepares to impose full sanctions on Iran Currencies enter holiday lull Loonie eyes BoC policy meeting on Wednesday Oil jumps as US ‘tightens the screws’ on Iran Energy markets came back to the forefront on Monday, following reports that Washington is set to announce that all Iranian oil exports will soon […]
EURUSD has broken out of the short-term bullish channel and has retraced 61.8% of the last leg up. So far bulls still have hopes but they will need to recapture 1.13 soon. Otherwise there is big danger of breaking below 1.12 and falling as low as 1.11. Black lines – bullish wedge pattern Red lines […]
Gold price despite having broken below the major support area of $1,280, it remains resilient and has not accelerated the decline towards $1,250-60. The oversold short-term conditions justify a bounce towards $1,300 as we mentioned in a previous post and we remain bearish as long as price is below that area. Green rectangle – major […]
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 […]
The euro-dollar pair started the trading week quietly and inconspicuously. In fact, the level closed on Friday. Such phlegmatism is quite justified, because the weekend is relatively quiet (in the context of the foreign exchange market). Many trading floors of the world will still be closed for today. Thus, in most countries of Europe, as […]
Bitcoin is currently consolidating above $5,250 following a period of higher volatility and spikes. The bulls are still quite strong. Rejecting off the trend line indicates further upward momentum upon its break higher. Bitcoin has following a clear path to $5,500 but first it needs to hold firmly above $5,300 which will also clear the […]
To open long positions on GBP/USD, you need: Today, it is Easter Monday in many countries in the eurozone, and the markets will be closed again. At the moment, the buyers’ task is to return to the resistance level of 1.3009, which will lead to an upward correction in the maximum area of 1.3036, where […]
To open long positions on EURUSD, you need: Today, it is Easter Monday in many countries in the eurozone, and the markets will be closed again. Buyers of the euro are best to wait for the support update in the area of 1.1227, where the formation of a false breakdown will allow you to count […]
EUR / USD pair On Friday, the markets were trading in small volumes. The volatility was reduced due to the beginning of the Catholic Easter weekend. Today, European markets are also closed but the US marketplaces will operate. The price is kept below the MACD line at 1.1252 on the daily chart while the price […]
GBP / USD pair Since Friday, the pound sterling is trading on a narrow range of 1.2978-1.3012 (minimum of April 2). Given the holiday In the UK and Europe, more active trading can begin with the opening of the American session. On the daily chart of the instrument, the downward trend remains. There are no […]
EURUSD is looking bearish in the short term after creating a descending channel over the last three months. Also, the price declined beneath the moving averages on Thursday and the technical indicators are all pointing to further negative momentum. The stochastics are heading south with the %K line entering the oversold zone, suggesting plenty of […]
The downward movement is a medium-term impulse, which indicates the need to consider any growth as a correction. Strengthening of the US dollar against the New Zealand currency continues for the second consecutive month. To breakthrough of this area will require the appearance of large demand. Yet, this does not happen, which makes any growth […]
AUD / USD With the release of the price under the MACD line (blue indicator) and the balance (red indicator) on the four-hour chart, the downward trend strengthened so much that on Friday, the Australian added only three points to the general corrective weakening of the US dollar, and today in the Asian session, it […]
The upward movement of the current month is a strong bullish momentum, however, at the end of last week, the pair reached the monthly short. This increases the likelihood of a halt in growth and the emergence of a large supply. Do not forget that the closing of last week occurred outside the middle course, […]
Today’s movement in the Asian session confirms the continuation of the formation of an accumulation zone, which is decisive in the current month. Appearance of the offer occurred after the CZ 1/2 1.3386-1.3375 test. This gives you the opportunity to look for sales, the purpose of which will be the lower CCP 1/2 1.3297-1.3287. Working […]
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 – 21.04.2019 Related Posts:Weekly forecast based […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. A weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved on March 11. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]
India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing.”. Price action still confirms indecision. Technical picture: According to the H4 time-frame nothing changed since our […]
On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel’s lower limit) where significant bullish recovery was demonstrated. On March 18, a significant bullish attempt was […]
USD/CAD has been trading upwards in past few sessions. The price tested the level of 1.3400. We are expecting more upside on this currency pair. According to the H4 time-frame, we found defined trading range between the price of 1.3400 (resistance) and 1.3285 (support). There is potential end of the downward correction (abc), which is […]
