Current dynamic On 4-hour chart, USD/CAD bounced off the 1.3297 horizontal-support but is yet to cross the 1.3336 (Murray [5/8]) resistance, that impedes growth to 1.3366 (Murray [6/8]) resistance-line. Additionally, the pair has been trading steadily beyond the 1.3366 could set 1.3397 and the 1.3427 as new buyers targets. If USD/CAD cannot consolidate above the […]
Brexit is developing in the worst case scenario and continues to put pressure on markets and the European currency. But it seems the decisive day has come: Theresa May will hold 5 hours of Cabinet meeting on Tuesday — on how to get a long delay (up to a year) so that Parliament can calmly […]
Gold plummeted below 1300 over the previous week, while today the price is moving around the fresh one-month low around 1285. The March 7 support line seems to be acting as support near 1280.63, though, the risk remains neutral to slightly positive as the MACD is flattening around the trigger line, while the stochastic oscillator […]
The ISM business activity index in the US manufacturing sector rose to 55.3 p in March against 54.2 p, which came as a surprise for experts who expected much more modest growth. The growth of ISM contributed to the continuation of the rally in the markets. The S & P 500 index rose to 2,869 […]
Over the past trading day, the currency pair pound / dollar showed a consistently high volatility of 140 points, as a result of having a fairly wide amplitude of fluctuations. From the point of view of technical analysis, we see that after the quotation reached a psychological level of 1.3000. The bears slowed down and […]
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 […]
Wave counting analysis: On Monday, April 1, trading ended for EUR / USD with a loss of another 15 bp. The previous price low has been updated, so there is every reason to assume the continuation of the construction of the downward wave, which continues to be identified as b. However, a successful attempt to […]
To open long positions on GBP/USD you need: While there is no news on Brexit, the volatility of the pound will continue to remain at a high level. At the moment, buyers need to stay above the support of 1.3061, and the formation of a false breakdown on it will be a signal to open […]
EUR has been affected by a slowdown in the eurozone’s economy. On the other hand, JPY has been losing momentum recently. The pair is expected to make a correctional climb and afterwards the price could move lower. Citing ECB President Draghi, the eurozone’s economy is facing an economic slowdown that needs significant monetary stimulus. Such […]
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 […]
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 […]
Rebound in Chinese PMIs fuels rally in global stocks, dollar advances Pound outperforms as ‘soft’ Brexit outcomes or long extension seem likely Aussie drops after RBA recalibrates language Stocks and dollar cruise higher as China-induced rally lingers Global equity markets started the second quarter on the front foot, after a decent set of PMI data […]
To open long positions on EURUSD you need: Yesterday’s weak US data did not prevent the US dollar from further strengthening, which led to an update of monthly lows. At the moment, euro buyers need to return to the resistance level of 1.1212, where a new upward trend may start with a test of the […]
Trend analysis (Fig. 1). On Tuesday, technical analysis displays a downward movement. The first lower target 1.2993 is the support line for the ascending channel (yellow thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – up; – trend […]
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 – Daily financial news – 02.04.2019 Related Posts:Analysis of EUR/USD. […]
Trend analysis (Fig. 1). On Tuesday, the price may continue to move down. The first lower target of 1.1176 is a lower fractal and a support line. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – up; – trend analysis […]
EURUSD is showing bullish divergence signs in the 4 hour chart. This is a warning for EURUSD bears but we still have no reversal confirmation yet. Medium-term trend remains bearish. Red line – major trend line resistance Blue lines – bullish divergence EURUSD is trading just above 1.12, The new lows were not followed by […]
GBPUSD returned to the downside on Tuesday after Monday’s closing above 1.31. The RSI is suggesting neutral trading in the short term as the index is curving up to reach its 50 neutral mark. Yet with the MACD stepping into the negative territory, the risk could be skewed to the downside. The 200-day moving average currently […]
EURUSD lost ground in the previous couple of weeks but is still holding above the 21-month low of 1.1175. The world’s most traded pair has been developing within a downward aligned channel over the last three months and recorded a new one-month low of 1.1195. The sharp bearish rally drove the pair well beneath the Ichimoku […]
Gold price has made zero progress over the first quarter and has ended where it started. Price managed to reach $1,346 area but got rejected at the major long-term resistance. Weekly trend is in danger of turning bearish again. Blue line – long-term resistance trend line Gold weekly chart as shown above shows us how […]
The pound is forced to follow Brexit, although this topic has already become boring enough – both for GBP/USD traders and the other participants in the foreign exchange market. The destructive position of the British Parliament has already become the talk of the town, so yesterday’s disastrous vote on the “indicative votes” procedure was hardly […]
Technical market overview: The ETH/USD pair has broken above the technical resistance at the level of 145.09 and quickly went towards the level of 152.02, which was the next technical resistance. This is typical market behavior during the wave (3) development, so if the level of 152.02 is violated again, more upside moves should be […]
Technical market overview: The BTC/USD pair is unfolding the wave (3) of the overall impulsive development and now the highest level noticed was $5,060, which is way above the weekly pivot WR3 that was at $4,530. After such a dynamic move up the market will start a correction in the wave (4), but not today. […]
Morning Report: 07.00 London This morning, the US dollar index is on the rise, despite below par ISM Manufacturing yesterday. Dollar pairs are mixed, with the AUD/USD closing Monday’s opening gap lower and trading below 0.7100. This comes after the RBA opted to keep rates on hold at 1.50%. The EUR/USD is unchanged, after falling […]
Technical market overview: The GBP/USD pair, after hitting the level of 1.2977 bounced back towards the nearest technical resistance at the level of 1.1334. The pair broke this level and went even higher towards the next technical resistance at the level of 1.3154 when the Pin Bar candle was made indicating a possible change of […]
Technical market overview: The EUR/USD pair has been capped during the pull-back at the level of 1.1249, which is a technical resistance for the bulls. Then the price reversed quickly and went down towards the level of support at 1.1210 and broke below it. The new low was made at the level of 1.1195, but […]
EUR/USD With the opening of the new week, the euro once again tested the benchmark level of 1.1234, but the attempt was uncertain, and the day closed just below the opening price. On the four-hour chart, the signal line of the oscillator marlin has moved to the decline trend zone, now there is not a […]
GBP/USD The British pound rose by 119 points yesterday since there were rumors that England would not leave the EU at all. Formally, it was a speculative growth, but, nevertheless, the price continues to stay above the MACD line of the daily scale. On the four-hour chart, the price growth was stopped by the MACD […]
https://pepperstone.com/en/forex-news/market-review -GBP slips back vs USD -AUD&NZD give up yesterdays gains -BRL on top vs the USD -Aussie rates are unchanged for the 29th month in a row -Korean inflation slows down -UK MPs find no common ground, what now for Brexit? -EU PPI and US durable goods orders on the calendar -The rising volume […]
AUD / USD pair On Monday, the Australian dollar took advantage of the uncertain market buildup and closed the gap provocatively for a long time, which continues until this morning. Partly “Australian” helped the commodity markets as a number of tools indicated good growth. However, the “provocation” naturally turned into a noticeable drop in the […]
