As expected, the market was extremely quiet and calm and even the news on home sales in the secondary market of the United States fell by 4.9% instead of declining by 2.3%. As predicted, it left everyone behind indifferent due to continued celebration of Easter in Europe and no one worked. So to say, everyone […]
Wave counting analysis: On April 22, the GBP / USD currency pair continued a slow decline to the Fibonacci level of 0.0%. Yesterday, the amount of loss for the pair was only 15 basic points. Based on this, there is no need to make any changes to the current wave marking. Although for the trend […]
Wave counting analysis: On Monday, April 22, trading ended on EUR / USD with a minimum increase of just 12 bp. Thus, the estimated wave 2 is now considered complete. At the same time, the news background, which is missing in recent days, may cause new sales of the euro in the future. That is, […]
For the last trading day, euro / dollar currency pair showed a low volatility of 27 points, but that was enough to draw a rollback on the market in general terms. From the point of view of technical analysis, we have two phases. The first reflects the pulse of the end of the past weeks […]
The cryptocurrency market enters a new wave of growth, and if in 2017 this wave was largely provoked by the exit of Bitcoin on the Stock Exchange and the beginning of futures trading, which was regarded by the markets as the green light of the expansion of cryptocurrencies into the financial instruments sector, the reason […]
Trend analysis (Fig. 1). On Tuesday, technical analysis demonstrates a downward movement. The first lower target of 1.2911 is the pullback level of 50.0% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – up; – trend analysis […]
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The US 100 index surged to a fresh all-time high of 7728 earlier today, confirming the recent significant bullish tendency in the medium- and long-terms and remaining inside the ascending channel following the rebound on the 14-month low of 5845 on December 2016. However, the technical indicators seem to be overstretched, suggesting a possible downward […]
Trend analysis (Fig. 1). On Tuesday, the market will continue to move downwards. The first lower target is 1.1238, while the pullback level is 61.8% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend […]
Markets come out of sleep after a long weekend and the first data is generally neutral. Stock indices opened near the end of the week levels. Gold declines in response to lower panic while oil responded with an increase in US new pressure initiatives on Iran. At the same time, long-term trends look frankly weak […]
For the last trading day, the currency pair pound / dollar showed a low volatility of 22 points again, continuing to stagnate in the same place. From the point of view of technical analysis, nothing has changed. The quotation continues to develop in the narrow framework of 1.2970 / 1.3000, forming an accumulation as a […]
Crypto Industry News: The central bank of Russia reviewed the potential benefits and disadvantages of central bank digital currencies (CBDC), as we read in the published report. In the document entitled “Is there a future of central bank digital currency”, the Central Bank of the Russian Federation presented a number of potential benefits from CBDC, […]
Crypto Industry News: Donald Tapscott, chairman of the board of the Blockchain Research Institute, said in an interview, that the official Chinese currency, Renminbi (RMB), will become cryptocurrency. Tapscott revealed that he had recently met with the vice-president of the Communist Party in China. He reminded that President Xi Jinping believes that Blockchain is one […]
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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 […]
WTI oil futures extended their bullish momentum above the 66 level and towards fresh six-month highs on Tuesday. While the RSI has re-entered the overbought territory, the Stochastics have yet to post a bearish cross above 80, indicating that there is still some room for improvement in the short term. Trend signals are also positive as the market action is currently taking place above […]
Nasdaq 100 at record highs ahead of key earnings Aussie pulls back ahead of inflation data early on Wednesday Sterling retreats as PM May prepares to stave off another ‘Tory rebellion’ Nasdaq 100 cruises to record highs as earnings season fires up Markets remained quiet on Monday, with moves in both currencies and equities being […]
EURUSD is trading inside a short-term bullish channel. Medium-term trend remains bearish as long as price is below 1.14-1.450. Bulls must hold above 1.1230 otherwise they will be in danger of seeing price move below 1.12 or even below 1.1170. Red line – major resistance trend line Blue lines – bullish channel Red rectangle – […]
Technical outlook: The EUR/USD 4H chart displayed today is focused on the drop between 1.1448 and 1.1183 levels respectively. In the past few days, we have been discussing on the potential counter trend rally that began from 1.1183 last week. This counter trend rally might still be having some steam left towards 1.1350 levels, before […]
Gold price after making a low at $1,271 has bounced towards the previous support now resistance area of $1,280-90 for a back test. I expected the bounce to be bigger maybe towards $1,295-$1,300 but it seems that price got rejected at the lower boundary of the resistance area. Black line – major resistance trend line […]
Yesterday, the reversal model for Bitcoin, which was almost formed, put buyers of the cryptocurrency in a rather nervous position, but they successfully got out of the current situation. Not letting Bitcoin below the support of 5220, which was responsible for the entire model, the major players continued the upward trend, which led to the […]
Technical Market Overview: The GBP/USD pair has been moving down recently ant the technical support at the levels of 1.3012, 1.2996 and 1.2977 all had been tested and broken. The momentum is still weak and negative despite the oversold market conditions, which suggest further down move towards the level of 1.2960 – 1.2938. As long […]
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 […]
Morning Report: 07.00 London After a long weekend for many parts of the world (especially Europe, markets will return to normal trading volumes this morning. The US dollar index is making gains again after two days of small losses in thin trading. Oil prices continue to hold their recent rally but this isn’t helping commodity […]
GBPUSD tumbled over the previous four consecutive days, plunging below the medium-term ascending trend line and creating a short-term descending line after the pullback on the nine-month high of 1.3380 in the daily timeframe. Also, the pair declined beneath the key level of the 38.2% Fibonacci retracement level of the upleg from 1.2390 to 1.3380, […]
Australia will report inflation numbers for the first quarter on Wednesday at 0130 GMT, providing investors with a vital piece of information ahead of the Reserve Bank of Australia’s policy meeting on May 7. With rate cut odds easing slightly following some upbeat economic indicators out of China recently, a weaker-than-expected price reading on Wednesday […]
To open long positions on GBPUSD, you need: 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 I recommend taking profits. In the scenario of the pair’s decline in the first half of the day, […]
To open long positions on EURUSD, you need: Yesterday, the buyers coped with the task of consolidating above the resistance of 1.1247, and while trading is conducted over this range, we can expect continued growth in the area of the maximum of 1.1269 with an update of the level of 1.1301, where I recommend fixing […]
Technical Market Overview: The EUR/USD pair has fallen down from the level of 1.1323 after the Double Top formation was made. The price has broken below the technical support at the level of 1.1273 and is currently consolidation in a narrow range between the levels of 1.1226 – 1.1262. Any breakout below the short-term trend […]
USD / JPY pair Yesterday, the Japanese yen was practically standing still in the range of consolidation in the last six sessions. The price with fresh forces broke the range downward this morning but met with strong support near the October 15 minimum of 111.64. It also briskly returned to increase and the bottom line […]
