To open long positions on GBP/USD, you need: Buyers will try to keep the support level at 1.2896 in the first half of the day, and the formation of divergence on the MACD indicator will be an additional signal for opening long positions. The main goal of the bulls will be a breakthrough and consolidation […]
Gold price continues to trade below short-term resistance and has potential for a short-term bounce, justified by the bullish divergence warning by the RSI. Red line – major resistance trend line Blue lines – bullish divergence Green rectangle – major resistance area (previous support) Gold price broke below the important $1,290-80 support area. A back […]
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Morning Report: 07.00 London The US dollar is nipping back slightly this morning after cementing its position as the power currency of the moment. The Greenback is stretching to test the highest levels seen since December. Dollar pairs sunk heavily yesterday, led by the AUD/USD which plunged to just above the 0.7000 level, with small […]
USDJPY had a successful jump above the 112.00 handle on Wednesday, flirting with a fresh four-month high of 112.40. The price rebounded on the mid-level of the Bollinger Band (20-SMA) and hit the upper Boundary, which seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term […]
To open long positions on EURUSD, you need: Buyers again failed to cope with the task and failed to reverse the downtrend. At the moment, the entire calculation of the divergence, which is formed on the MACD indicator. It will be possible to observe it after the update of yesterday’s minimum, which will be a […]
Crypto Industry News: Chainalysis, based in New York, has extended its real-time transaction monitoring tools to cover a total of 10 cryptocurrencies. Chainalysis is one of the most well-known players in the Blockchain industry, providing technology – such as the KYT (Know Your Transaction) tool – that allows companies, governments and law enforcement authorities to […]
USD/JPY The USD/JPY managed to get out of the 111.64-112.14 range upwards yesterday by an effort of will. At the same time, the price also overcame the resistance of the MACD line on a four-hour scale. The signal line of the Marlin oscillator on H4 crossed the border with the territory of the “bulls” and […]
Crypto Industry News: Samsung, the South Korean giant in the electronics industry, may soon complete work on public-private Blockchain with its own cryptocurrency, according to an anonymous source: ” We are currently thinking about private Blockchain, although this is not yet confirmed. In the future, it may also be a public Blockchain, but I think […]
Technical Market Overview: The GBP/USD pair has broken the technical support zone located between the levels of 1.2960 – 1.2938 and after a failed attempt to rally higher made a new local low at the level of 1.2888, just above the technical support at the level of 1.2895.The main resistance for bulls is currently located […]
Technical Market Overview: After a failure to break through the technical resistance, the EUR/USD pair has broken through the key technical support at the level of 1.1176 and made a new local low at the level of 1.1141. The downtrend resumed as anticipated despite the oversold market conditions. The momentum is weak and negative, so […]
We are looking for a final dip into the support area between 143.80 – 144.00 to complete the complex correction in wave ii and set the stage for renewed upside pressure through 145.63 confirming renewed strength towards 148.50 on the way higher to 151.50. Only a direct break above minor resistance at 145.63 will confirm […]
EUR/JPY continues to push lower indicating that a more complex wave ii correction is developing. This suggests the more downside pressure towards the support area between 123.85 – 124.05 before the wave ii completes and the wave iii goes up towards at least 132.49. Only a direct breakout above minor resistance at 125.58 will indicate […]
When the European market opens, some economic data will be released such as Spanish Unemployment Rate. The US will also publish the economic data such as Treasury Currency Report, Natural Gas Storage, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders m/m, so amid the reports, the EUR/USD pair will move with low […]
In Asia, Japan will release the BOJ Policy Rate, Monetary Policy Statement, and BOJ Outlook Report, while the US will publish some economic data such as Treasury Currency Report, Natural Gas Storage, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So there is a probability the USD/JPY pair will move with […]
https://pepperstone.com/en/forex-news/market-review -Aud holds above 0.70 -USD hits pause vs CHF and weakens vs JPY -The rand makes modest gains -BOJ to continue with QE through 2020 -South Korean Q1 GDP surprises to the downside -Yellow vest reforms to be announced in France today -UK finances are improving despite Brexit uncertainty The overnight changes and price […]
GBP/USD The pound sterling continues to decline under the pressure of the general strengthening of the US dollar. Yesterday, the pound lost 34 points. On the technical side, the situation remains the same – the price is decreasing smoothly below the balance lines and the MACD on the daily and H4 charts. The marlin oscillators, […]
EUR/USD Yesterday, the euro fell by 74 points, reaching the initial goal of 1.1155 – the Fibonacci level of 110.0%. The convergence of prices with the marlin oscillator on the H4 chart is currently not pronounced, indicating a possible continuation of the downward movement. The next target is the Fibonacci level of 123.6% at a […]
Entry : 1.3267 Why it’s good : horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1.3430 Why it’s good : horizontal swing high resistance Take Profit : 1.2955 Why it’s good : horizontal swing low support, 61.8% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:ECB […]
Entry : 0.6584 Why it’s good : horizontal swing low support, long term 76.4% fibonacci retracement, long & short term 100% fibonacci extension Stop Loss : 0.6506 Why it’s good : horizontal swing high resistance Take Profit : 0.6671 Why it’s good : horizontal pullback resistance, 23.6% fibonacci retracement The material has been provided by […]
Entry : 124.88 Why it’s good : horizontal overlap support, 61.8% fibonacci retracement, descending channel’s support, 61.8% fibonacci extension Stop Loss : 124.70 Why it’s good : 61.8% fibonacci extension Take Profit : 125.58 Why it’s good : horizontal overlap resistance, 38.2% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related […]
The euro can not stand on its feet and continues to fall against the dollar. The single European currency still cannot get support. Neither the current position of the ECB, nor the incoming economic data contribute to the growth rate. The dollar, on the contrary, is growing on good news. Market participants had recently hoped […]
Very soon, the Japanese markets will go on a long vacation, known as the Golden Week, which will be longer than usual this year and will last from April 27 to May 6. The memories of the January flash crash of crosses with the yen are still fresh in the memory of investors. This causes […]
After a long Easter weekend, traders resumed their activity, which led to a rather firm strengthening of the US currency. The latter rose on the eve against all major currencies, except for the Japanese yen, which found support from local government bonds and resistance near the 112 mark. The dollar index reached its highest level […]
4-hour timeframe The amplitude of the last 5 days (high-low): 38p – 74p – 29p – 23p – 91p. Average amplitude for the last 5 days: 51p (44p). On Wednesday, April 24, the British pound sterling began the weakest round of an upward correction and has almost completed the critical line. New important data on […]
4-hour timeframe The amplitude of the last 5 days (high-low): 45p – 78p – 19p – 27p – 69p. Average amplitude for the last 5 days: 48p (41p). The third trading day of the week for the EUR/USD pair ends with the resumption of a downward movement and an update of yesterday’s low. Today, traders […]
Two weeks ago, the dollar/yen pair occupied a price level of 111.70-112.10, after which the daily price chart started to resemble a flat line. Despite the phlegmatic price fluctuations, the USD/JPY actually stands still in anticipation of a powerful information. Traders even ignored the general strengthening of the dollar in the market, although in the […]
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 […]
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 […]
The world’s biggest online retailer will announce its earnings for Q1 after the US market close on Thursday. Revenue is expected to slow, but profit growth is seen picking up, something that reflects the company’s recent approach of focusing on operating margins. Guidance by management for Q2 will be crucial for the stock’s reaction in […]
