Trend analysis (Fig. 1). On Wednesday, the price may start moving down. The first lower target of 1.1336 is the pullback level of 14.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis […]
On the regular meeting of the Bank of Japan last week, the meeting of the members of the regulator was quiet and inconspicuous, especially against the background of loud Nonfarm and political battles regarding prospects on Brexit. The yen also ignored the March meeting of the Central Bank as the USD/JPY pair showed only a […]
EUR/USD has reached our target area but there is still no sign of a reversal. Our medium-term view remains bearish as long as price is below 1.14, but bulls could still hope for a longer-term reversal as long as price holds above 1.13. Blue line – bearish divergence Red line -major resistance trend line Green […]
Gold price tried to break above short-term resistance yesterday but instead it got rejected. Not only were the bulls unable to break resistance, price has broken through the short-term support together with the RSI. It seems that new selling pressure could start again for the next leg down to $1,250. Red rectangle – short-term resistance […]
For the last trading day, the currency pair Pound / Dollar showed a low volatility of 69 points. As a result, it remained within the previously formed range. From the point of view of technical analysis, nothing has changed. The quotation continues to move in the range of 1,3200 / 1,3300, consistently working out the […]
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Fed decision at 18:00 GMT today; new rate projections to dictate market reaction Stocks pause rally as trade uncertainty reigns in Sterling inches down amid reports May will ask for short Brexit extension Fed ‘dots’ to steal the show The main event today will be the Fed policy decision at 18:00 GMT, which will be […]
TOM FOMC will present updated macroeconomic forecasts for the markets tonight and is expected to leave the target rate in the range of 2.25% -2.50% unchanged. The Fed has no reason to change the tone of the accompanying comment for a more hawkish one. Moreover, there are well-founded concerns in which the Fed plans to […]
EUR/USD On Tuesday, the euro slightly grew, but the upper limit of the resistance of the price channel failed to reach several points. But this does not prevent the price from turning around from its current values, following the example of the February 28 reversal (red arrow), when the euro turned into a 240-point decline. […]
GBP/USD Yesterday, the British pound failed to reach a Fibonacci correction level of 110.0% at a price of 1.3321, the situation remained unchanged at the end of the day – the price still lies on the MACD four-hour chart, the double divergence with the Marlin oscillator did not change on a daily scale. On the […]
AUD/USD The Australian dollar quickly returned to the accumulation range of 0.7060-0.7100 after leaving it upwards on March 18. The signal line of the daily marlin oscillator moved down from the boundary with the growth area, and the same indicator consolidated in the decline zone on the four-hour chart. All of this suggests the falsity […]
Technical market overview: The ETH/USD pair keeps trading below the orange trendline as it makes another lower low on its way down and so far there is no sign of downtrend reversal. The nearest technical support at the level of 134.68 has already been tested, but this is not the end of the down move […]
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Morning Report: 07.00 London The US dollar index is on the rise ahead of this evenings FOMC meeting where the Fed are widely expected to keep rates on hold, but signal future intentions. Dollar pairs have a negative bias as dollar strength makes an impact. The AUD/USD is lower for the second straight day, but […]
Risk Warning: 69.75% 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 […]
GBPJPY slid sideways after it found strong resistance just shy of the 149 handle for the second time this month. In the short term, the consolidation phase may continue as the RSI has yet to show clear direction, while the MACD is easing towards its red signal line, backing this view as well. Nevertheless, as long as […]
AUDUSD has rebounded somewhat after falling to the 0.7000 psychological level on March 8 but is still moving with weak momentum within the Ichimoku cloud in the daily timeframe. The price is currently developing around the 23.6% Fibonacci retracement level of the downleg from the 32-month high of 0.8135 to the 10-year low of 0.6746, […]
Technical market overview: The BTC/USD pair has been trading in a horizontal zone between the levels of $4,000 – $4,080 for some time now, but the bias remains to the downside due to the fact, that the level of $4,080 is still too strong for the bulls and every time the price gets close to […]
Technical market overview: Despite the lower low made at the level of 1.3183 not much has happened at the GBP/USD market as the pair is still moving inside of the narrow zone located between the levels of 1.3207 – 1.3304 as the horizontal correction continues after a wide swings we witnessed last week. There is […]
Technical market overview: Not much has changed since yesterday when the EUR/USD pair has hit the technical resistance at the level of 1.1353. There is still no clear sign of a reversal, but the market is not going upwards in an entirely impulsive fashion either. The market conditions are now overbought and there is a […]
Bitcoin is trading above $4,000 with a daily close despite the recent false breakout below that level. This price move indicates that the bulls are still quite in control. Further bullish momentum with a target towards $4,250 and later towards $4,500 is expected in the coming days. According to recent analysis of BTC retail traders, […]
EUR managed to sustain bullish momentum since the break above 125.00-50 resistance area with a daily close. The price volatility resulted in certain corrections and indecision between the range of 126.00-50. The price recently broke above with an indication of further bullish pressure. The eurozone is struggling with the economic slowdown ahead of BREXIT. Nevertheless, […]
https://pepperstone.com/en/forex-news/market-review -GBP drifts lower on Brexit confusion -NZD and AUD slide on data and trade fears -Dollar index marks time ahead of the Fed -China pushes back in trade talks with the USA -Theresa May to ask for a Brexit delay – Market’s await tonight’s FOMC meeting – Is Germany’s economy recovering? The overnight changes […]
When the European market opens, some economic data will be released such as German PPI m/m. The US will also publish the economic data such as Federal Funds Rate and Crude Oil Inventories, so amid the reports, the EUR/USD pair will move with medium to high volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]
In Asia, Japan will release the Monetary Policy Meeting Minutes and the US will publish some economic data such as Federal Funds Rate and Crude Oil Inventories. So there is a probability the USD/JPY pair will move with medium to high volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.19. Resistance. 2: 111.97. Resistance. […]
AUD/CAD is approaching our first support at 0.9388 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level, pushing the price up to our major resistance at 0.9441 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding […]
AUD/USD is approaching our first support at 0.7048 (horizontal overlap support, 61.8% Fibonacci retracement) where we might see a bounce to our major resistance at 0.7075 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also nearing support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses […]
Technical outlook: The 4H chart view has been presented here with immediate trendline resistance through the recent highs. It is seen that the EUR/USD pair is testing the resistance trend line just below the 1.1365 mark, which is also the Fibonacci 0.786 resistance of the recent drop between the levels of 1.1420 and 1.1175. The […]
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. Bullish fixation above 1.1430 was needed to enhance further bullish movement towards 1.1520. However, the […]
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 before the bearish pullback brought the pair towards the uptrend again on […]
