The US 500 stock index is edging slightly lower after finding strong resistance at the fresh six-month high of 2885 that it completed on Wednesday. The price retains bullish action as it holds above the 50- and 200-day simple moving averages (SMAs) which posted a ‘golden cross’ in the preceding sessions. Looking at momentum oscillators in the daily chart though, they suggest negative […]
The currency pair euro / dollar for the last trading day showed low volatility of 55 points, but still keeping us in the correction phase. From the point of view of technical analysis, we see that for 8 trading days in a row, we have lowered average daily volatility, even though targeted movements with fairly […]
To open long positions on GBP/USD you need: Yesterday, the British pound was in demand among traders even after a weak report on the service sector in the UK, as many expect that an agreement can be reached on Brexit and a more rigid scenario would be ruled out. It is best to return to […]
To open long positions on EURUSD you need: Yesterday, the euro remained in a narrow sideways channel after growth, which was formed against the background of good reports on service activity and retail sales in the eurozone, however, in order to continue the upward trend, it is necessary to break above the resistance of 1.1248. […]
Wave counting analysis: On Wednesday, April 3, trading ended for EUR / USD by 30 bp and the minimum of the expected wave 5 remains unchanged, which still retains the chances of building an upward wave with exactly the upward trend. If the current wave counting is correct, then from current positions, the tool will […]
Wave counting analysis: On April 3, the GBP / USD pair added about 30 bp, but the attempt to break through the top line of the tapering triangle failed. Based on this, the pair retains the chances of building a new downward wave as part of a non-standard descending part of the trend. The whole […]
For the last trading day, the pound / dollar currency pair showed a low volatility of 74 points, but at the same time, there is an ambiguous upward interest in the market. From the point of view of technical analysis, we see the first decline in volatility in six trading days. Speculators restrain their ardor? […]
Macroeconomic data released yesterday, especially in the United States, somewhat alerted market participants. The fact is that the ADP data on employment, which precedes the release of the Department of Labor’s report, showed an increase in employment by 129 thousand. They expected growth of 170 thousand, and employment increased by 197 thousand in the previous […]
Trend analysis (Fig. 1). On Thursday, technical analysis demonstrates an upward movement. The first upper target of 1.3227 is the pullback level of 61.8% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – down; – trend analysis […]
4h As seen on the 4-hour chart, the EUR / USD pair performed a reversal in favor of the European currency after the formation of the bullish divergence at the MACD indicator and a return to the retracement level of 76.4% (1.1241). The retreat of quotations from this level on April 4 will allow traders […]
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 […]
NZDUSD found strong obstacle at the short-term simple moving averages, driving the price beneath them. However, the pair is gaining some momentum, with the Stochastics returning to the upside and the MACD heading above the trigger line but still below the zero line, though less aggressively than in previous days, giving some signs of weakness. In case […]
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 […]
Pound advances as UK Parliament blocks no-deal exit; all eyes on May-Corbyn talks Equities extend winning streak as trade optimism rides high ECB minutes the highlight on today’s calendar Parliament blocks no-deal Brexit, pound advances The Brexit process continues to dominate headlines. The House of Commons voted by the narrowest of margins (313-312) to force […]
It is with great pleasure to give a brief account of the recent Latin American event destinations that the XM forex trading seminar series reached this March with the aim to provide local online investors with firsthand trading knowledge. Over a short span of just fourteen days, between 16th March and 30th March our seminar […]
Trend analysis (Fig. 1). On Thursday, the price may continue to move upwards. The first upper target of 1.1286 is the pullback level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend […]
EURUSD has bounced as expected but so far the move higher has been weak and price only managed to reach the first short-term resistance and trend change level. Medium and short-term trend remain bearish. Red line – major resistance trend line Blue lines – bullish divergence Green line – major support trend line EURUSD as […]
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 – 04.04.2019 Related Posts:Energy in Focus: […]
USDJPY bounced back above 111 this week but the 200-day moving average (MA) managed to hold the bulls under control, with the market now set to close with minimal weekly gains. The short-term bias looks positive-to-neutral under the technical perspective as the RSI is losing ground in bullish territory (above 50) and the MACD is […]
GBPJPY is looking bullish in the short-term narrow range, which has been holding since February 19, with upper boundary the 148.60 resistance and lower boundary the 143.70 support level. During yesterday’s trading session, the price successfully surpassed the 20- and 40-simple moving averages (SMAs) in the daily timeframe, improving the ascending move. The stochastics are […]
Gold’s monthly chart is worrying as long as price is below $1,350-60. Gold price has made three lower highs and three rejections in the price area of $1,350-$1,370. Bulls still have hopes for a move higher as price is also making higher lows. Blue line – major resistance trend line Red line – major support […]
Technical market overview: No major breakout occurred since the middle of the March at the GBP/USD market and the global investors are still waiting for the uptrend to continue. Nevertheless, another move down is still on the table as the consolidation zone lower boundary is still the local technical support zone located between the levels […]
Technical market overview: The EUR/USD pair has been trading below technical resistance at the level of 1.1249 for some time now and the bounce looks weak and slow so far. In order to make it more dynamic, the bulls would have to break through the resistance level and go towards the next technical resistance seen […]
Morning Report: 07.00 London This morning, the British pound is holding its ground amid growing hopes for a market friendly soft Brexit. The GBP/JPY is unchanged and holding above 146.50, the GBP/USD is also unchanged and trading below 1.3200, while the EUR/GBP is holding near the lows. The dollar index is stronger after heavy loss […]
Technical market overview: The BTC/USD pair has hit the technical resistance at the level of $5,287 and then quickly reversed towards the level of $5,060 and even broke a little below it. The local low was made at the level of $4,901 and this might be the first wave of the corrective decline in wave […]
Technical market overview: The ETH/USD pair has broken above the technical resistance zone located between the levels of 173.50 – 175.82, made a new swing high at the level of 177.15 and then quickly reversed. The top at the level of 177.15 has been labeled as the wave (3)/(c) and now the market is consolidating […]
AUD / USD pair On Wednesday, the Australian dollar grew by 41 points, it managed to get out of the accumulation zone of 1.7060-0.7100, where it met resistance from the highs of the preceding days. The MACD line of daily scale is also located here but the price failed to gain a foothold. On the […]
https://pepperstone.com/en/forex-news/market-review -Many majors are largely unchanged -USD gains vs MXN and INR but slips vs RUB -German factory orders and Fed speakers on the calendar -UK MPs try to take control of Brexit and vote for an extension -President Trump to meet with China’s vice premier today -What’s happening to US macro data and the […]
EUR/USD Yesterday, the euro increased to the price of 1.1255, but the MACD line on the four-hour chart slowed down its course and it failed to reach the price, leaving the euro with a small maneuver to test this line. In general, we are waiting for the price to move below the lower limit of […]
