GBP/USD Yesterday, the British pound could not withstand the tension as it fell out of the consolidation zone under its lower limit of 1.3158, lost 82 points and also consolidated below the MACD four-hour scale. The marlin oscillator on H4 also moved to decline territory. On the daily chart, the signal line of the marlin […]
USD/JPY With great work, the yen managed to solve last week’s main technical problem – to overcome the resistance of the balance line of the daily scale (red indicator) in order to be able to increase to a target of 112.84 without fear of a sharp collapse. This morning the price has become open; on […]
When the European market opens, some economic data will be released such as French Trade Balance and German Industrial Production m/m.The US will also publish the economic data such as Consumer Credit m/m, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m, so amid the reports, the EUR/USD pair will move with medium to […]
In Asia, Japan will release the Leading Indicators, Household Spending y/y, and Average Cash Earnings y/y and the US will publish some economic data such as Consumer Credit m/m, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So there is a probability the USD/JPY pair will move with medium to high volatility during […]
In this video, Chris Weston looks at the key event risk for the week ahead, both for politics and economic data and how this may impact markets. Stay informed and understand which events may impact your portfolio. Related Posts:Analysis for EUR/USD pair on April 18th. Dull ending to a… April 18, 2024 The wave analysis […]
BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement , horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. […]
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 […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. This uptrend line managed to push price towards 1.3200 before the GBP/USD pair came to meet the uptrend again around 1.2775 on February 14. Another bullish wave was demonstrated towards 1.3350 (Feb. 27) before the bearish pullback brought the pair towards the uptrend […]
4-hour timeframe The amplitude of the last 5 days (high-low): 164p – 159p – 140p – 137p – 75p. Average amplitude over the last 5 days: 135p (143p). The British pound against the background of all the twists and turns with Brexit managed to rise to the upper limit of the Ichimoku cloud, but today […]
4-hour timeframe The amplitude of the last 5 days (high-low): 48p – 37p – 46p – 32p – 55p. Average amplitude over the last 5 days: 44p (41p). The European currency paired with the US dollar on the penultimate trading day of the week once again rushed down. Once again, we observe a serious decline […]
GBP/JPY is testing support at 145.90, which ideally will protect the downside for the next impulsive rally above 147.00 confirming a continuation higher to 148.50 and 151.50. Only an unexpected break below support at 144.92 will shift the bias towards the downside again for a decline closer to 143.79 and possible even closer to 141.00. […]
The euro once again began to gradually lose ground in pair with the US dollar after the release of the report, which showed a weakening of activity in the manufacturing sector of Germany. The minutes of the meeting of the European Central Bank, which were published today in the morning, also made a number of […]
BTC has been trading sideways at the price of $4. 994.The risk for the upside positions are increased. According to the H1 time-frame, we found that there is the fake breakout of the resistance at the price of $5.070. In the background we found climatic action, which is sign of the very emotional buying, which […]
EUR/JPY has been trapped in a trading range since mid-January, where the cross traded near 125.00. We are still looking for a deeper correction closer to 123.65 and ideally down to 120.95 as long as key-resistance at 126.18 is able to cap the upside. Short-term a break below 124.45 would confirm more downside pressure towards […]
GBP/USD has been trading downwards as we expected. The price tested the level of 1.3080. We are still bearish and expecting more downside. According to the H1 time-frame, we found that sellers took control from buyers and that momentum on the downside is strong. The ADX reading above the 30 is clear sign of the […]
Economic data will take a backseat in the coming week as the biggest risk events that are being anticipated are the European Central Bank’s policy meeting and an emergency summit by the European Union to discuss the Brexit crisis. But while UK and EU politics may grab most of the headlines, there will also be […]
Gold has been trading downwards as we expected. The price tested the key short-term support at the $1.281.00. Gold is in decision phase and at the key support. The Gold reached our downward target at $1.281.00 from the previous analysis and it is at decision level. ADX reading is below 20 level and this is […]
The euro against the dollar remains under pressure due to the weakness of the macroeconomic indicators of the eurozone. In addition, quotes are influenced by the overall market sentiment regarding risk and the dynamics of the USD. Traders are now optimistic about the completion of a new round of trade negotiations between Washington and Beijing. […]
The latest events around Brexit made it clear that the potential of forming a Labor government is becoming increasingly high. Early elections, which will lead the opposition to power, may contribute to the fall of the pound to the lowest levels in the last 30 years. In this situation, the ability of the Bank of […]
The yen is weakening as optimism regarding a trade deal between the US and China has raised its appetite for risk around the world, the pound is becoming more expensive after the British parliament approved a law for the transfer of Brexit. Participants in the trade talks in Beijing last week achieved “great success,” and […]
To open long positions on the GBP / USD pair, you need: The pound is gradually falling amid the lack of positive news related to Brexit. At the moment, only the formation of a false breakdown in the region of the lower boundary of the side channel at 1.3122 will be a signal to buy […]
To open long positions on EURUSD you need: Statements that the ECB could adjust its policies if necessary led to a decline in the euro in the morning. At the moment, only a breakthrough above the resistance of 1.1248 will allow to form a new upward wave with the update of the highs in the […]
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 […]
USDZAR recovered significant ground in recent months, climbing above both its 50- and 200-day simple moving averages (SMAs) to post a new five-month high of 14.74 last week. Even though the pair retreated a little afterwards, the new high at 14.74 has nullified the previous trending structure of lower peaks and lower troughs, and suggests […]
The blue chip EU50 stock index restored bullish dynamics after meeting resistance at the 200-day moving average (MA) and hit a six-month high of 3,440 on Wednesday. While the RSI and the fast stochastics are warning over an overbought market, as the former is crawling above 70 and the latter is ready for a bearish […]
Overview: The GBP/USD pair continues to move upwards from the level of 1.3087. Last week, the pair rose from the level of 1.3087 to a top around 1.3201 but it rebounded to set around the spot of 1.3140. Today, the first resistance level is seen at 1.3206 followed by 1.3268 , while daily support 1 […]
The British pound managed to keep its position in pair with the US dollar, even though the data released on the weak PMI for the services sector in the UK indicated a decrease in GDP in March of this year. According to the IHS Markit report and a survey of purchasing managers, the index of […]
4-hour timeframe Technical details: The upper linear regression channel: direction – up. The lower linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 118.5986 The currency pair GBP/USD still overcame the moving average line, so the trend in the instrument again changed to an upward one. Yesterday, late in the evening, […]
4-hour timeframe Technical details: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 92.1540 On Thursday, April 4, the currency pair EUR/USD adjusted to the moving average line, but has not yet been able to gain a foothold above it. What […]
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 […]
