The dollar was crushed by weak economic data from the United States, and it just happened during the growth of the so-called commodity currencies, as a result, it may seem that the dollar has critically subsided. Commodity-related currencies, such as New Zealand, Canadian and Australian dollars, were supported by rising oil prices. What is happening […]
4-hour timeframe The amplitude of the last 5 days (high-low): 137p – 75p – 131p – 135p – 49p. Average amplitude for the last 5 days: 105p (124p). On Tuesday, April 9, the British pound sterling rushed up, but on its way it met an insurmountable obstacle in the form of Kijun-sen and Senkou span […]
4-hour timeframe The amplitude of the last 5 days (high-low): 32p – 55p – 42p – 38p – 62p. Average amplitude for the last 5 days: 46p (42p). Ahead of the announcement of the ECB results, the EUR/USD currency pair slightly rose against the US dollar. However, it continues to remain inside the Ichimoku cloud […]
The euro/dollar pair continued a correctional growth today, but the upward impulse shows signs of slowing down. This is eloquently shown by the fact that throughout the day, the price could not overcome the resistance level of 1.1280 (the middle line of the Bollinger Bands indicator on the daily chart), but has so far failed […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. This uptrend managed to initiate two successive bullish waves towards 1.3200 (Jan. 25) then 1.3350 (Feb. 27) before the bearish pullback brought the GBPUSD pair towards the uptrend on March 8th. A weekly bearish gap pushed the pair below the uptrend line (almost […]
On January 10th, the market initiated the depicted bearish channel around 1.1570. The bearish channel’s upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel’s upper limit around 1.1420. Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel’s lower limit) where significant […]
GBPAUD extended the last four days’ losses and is currently trading not far above a six-week low around the 38.2% Fibonacci retracement level of the upward movement from 1.7220 to 1.8860. The RSI turned lower after entering the 50 level and it continues to head lower in support of a negative short-term picture. The bias in the very-short-term […]
Overview: The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.6765. On the H1 chart, the level of 0.6765 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is above the 23.6% Fibonacci level, the market is still in an […]
To open long positions on GBP/USD, you need: Buyers of the pound will be interested in the support level of 1.3036 in the afternoon, but it is best to open long positions when a false breakdown is formed. In a different scenario, purchases will be relevant to the rebound from the monthly low around 1.2988. […]
To open long positions on EURUSD, you need: Trading continues above the support at 1.1248, and demand for the euro remains but the main goal for the second half of the day will be a breakthrough and consolidation above the resistance of 1.1284, which will lead to an update of the maximum in the area […]
The aggravation of the military conflict in Libya has become a catalyst for the rise in oil prices to 5-month highs. The volume of production in this country is about 1.1 million b/s, which is equivalent to about 1% of the global figure, so concerns about supply disruptions naturally played into the hands of the […]
The European Central Bank will announce its latest policy decision on Wednesday at 11:45 GMT, to be followed by a press conference by President Mario Draghi at 12:30 GMT. Unlike the March gathering when the Bank made significant adjustments to its policy and forward guidance, the April meeting is looking like it will be a […]
BTC has been trading continues to trade sideways at the price of $5.192 and with very slow momentum. BTC is in indecision zone and we would need further confirmation before the next direction. According to the H1 time-frame, we found that ADX reading is below 30 and, which is sign that short-term trend is weak […]
Overview: The EUR/USD pair continues to move downwards from the level of 1.1280. Yesterday, the pair dropped from the level of 1.1280 to the bottom around 1.1225. Today, the first resistance level is seen at 1.1280 followed by 1.1310, while daily support 1 is seen at 1.1179. According to the previous events, the EUR/USD pair […]
Gold has been trading upwards as we expected. The price tested the level of $1.304.50. We expect further bullish movement and our upward targets to be met. According to the H4 time-frame, we found that ADX reading at 49 and rising, which is sign of the strong short-term bullish trend and strong upside momentum. Also, […]
EUR/USD has been trading upwards. The price tested the level of 1.1280. We are expecting more upside movement during the day. According to the H1 time-frame, we found that ADX reading above the 30 level, which is sign of the strong trend and the momentum. You have much greater odds for profit with trading together […]
Bitcoin is undergoing correction at near $5,250 since it reached there amid the impulsive bullish momentum. Though the price is corrective and volatile currently, BTC is trading firmly above $5,000 that showcases the strength of bulls. The price recently showed certain rejection off the Kumo Cloud support area which successfully managed to push the price […]
General Electric stock opened with a gap down and within the oversold zone on Tuesday according to the RSI in the four-hour chart but the 200-period simple moving average (SMA) capped bearish action immediately. While the rebound in the RSI subdues chances for another negative turn, it is worth noting that the low on March 6 (9.02)has […]
USDCHF is heading upwards after it posted a strong rebound on the 23.6% Fibonacci retracement level of the upleg from 0.9185 to 1.0130 around the 0.9900 psychological level. Technically, the red Tenkan-sen line is pointing north, indicating a bullish action, however, the RSI is moving near the neutral threshold of 50. Immediate resistance is coming from the 40-simple moving averages (SMA) currently […]
4-hour timeframe Technical details: The upper linear regression channel: direction – up. The lower linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -18.7027 The currency pair GBP/USD has again adjusted to the moving average line and can easily overcome it, considering the “swings” that we have seen in recent weeks. […]
4-hour timeframe Technical details: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 144.6904 On Tuesday, April 9, the currency pair EUR/USD overcame the moving average line and thus began an uptrend. It would be possible to link this event with […]
Wave counting analysis: On April 8, the GBP/USD pair gained about 25 bp but remains within the narrowing triangle. In the near future, the tool may leave this triangle and mark the direction of movement for several days. Based on the current wave marking and the news background, it is more preferable to build a […]
Wave counting analysis: On Monday, April 8, trading ended with an increase of 40 bp for the pair EUR/USD. Thus, it is possible that the pair has finally moved to the construction of the expected wave from the upward segment of the trend, which begins on March 7. If this assumption is true, then the […]
4h As seen on the 4-hour chart, the EUR/USD pair completed closing above the retracement level of 76.4% (1.1241) on the third attempt. As a result, on April 9, the growth of the pair continues in the direction of the next Fibo level of 61.8% (1.1281). Today, emerging divergence is not observed in any indicator. […]
4h As seen on the 4-hour chart, the GBP/USD continues the growth process in the direction of the retracement level of 76.4% (1.3094), after the formation of the bullish divergence of the MACD indicator. The rebound of the pair on April 9 from the Fibo level of 76.4% will allow counting on a turn in […]
The euro strengthened slightly against the US dollar and went out of the trading range, breaking the level of 1.1250. However, in order to maintain further growth, new good fundamental data are required, indicating a revival of the European economy, or similar statements from the European Central Bank at tomorrow’s meeting. Yesterday, a report was […]
To open long positions on GBP/USD, you need: Buyers of the pound managed to gain a foothold above the resistance of 1.3070, but good news on Brexit is needed to continue the upward trend. Only this will update the highs at 1.3112 and 1.3160, where I recommend fixing the profit. In case of GBP/USD decline […]
To open long positions on EURUSD, you need: As expected, the breakthrough of the former resistance in the area of 1.1245 led to the growth of the euro and beyond the limits of the side channel. While trading above this range, the demand for the euro will remain, which will lead to an update of […]
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