USD/CAD is approaching our first support at 1.3241 (horizontal pullback support, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce to our major resistance level at 1.3347 (50% Fibonacci retracement) might occur. Stochastic (89,5,3) is also nearing support where we might see a bounce in price. Trading CFDs on margin carries high risk. […]
NZD/JPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 77.22 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also nearing resistance where we might see a corresponding drop in price. […]
Following the Federal Reserve’s dovish pivot in January, there is a lot of anticipation for the next FOMC meeting on March 19-20 when policymakers will publish their latest economic projections, including a revised dot plot chart. But as the Fed becomes increasingly at ease with its newly-adopted wait-and-see approach, the dovish policy move does not […]
Gold has been trading downwards. After the price reached our first target at $1.311.00, sellers came into the market and the momentum changed from bullish to bearish. Resistance at the price of $1.311.00 held successfully, which caused to sellers to start selling. We found that bearish divergence on the the Stochastic oscillator H4 time – […]
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 […]
EUR/USD has been trading lower. The price tested the level of 1.1294. After few days of the upward movement on the EUR/USD pair, buyers became overbought and the sellers started with the distribution process. According to the H4 time – frame, we found a breakout of the 4-day upward channel, which is a sign that […]
The game of chicken on Brexit continued yesterday when the members of parliament voted against having a no-deal Brexit. This vote came a day after the same members rejected a deal that was presented by Theresa May. In the deal, the premier had received a commitment from European leaders like Jean-Claude Juncker that the country […]
In November 2016, the US citizens went to elect their next president. Before the vote, polls had predicted that Hillary Clinton would win the majority vote and the electoral college. As such, the US stocks always moved up when polls of her victory came out. When the elections came, the results shocked many people and […]
The oil market is having a good year. YTD, the price of West Texas Intermediate (WTI) and Brent crude has soared by more than 25% and 28% respectively. This has happened for a number of reasons. First, the US and China have been talking with the goal of eliminating the trade tensions that have been […]
GBPAUD entered the 1.88 zone twice this week after more than 2 ½-years but the market was unable to retain gains above this mark, with the price returning to the 1.87 handle instead. The MACD has rebounded to meet its red signal line but as long as the indicator holds below that line, the pair […]
On January 2, the market initiated the depicted uptrend line around 1.2380. This uptrend line managed to push the price towards 1.3200 before the GBP/USD pair came to meet the uptrend again around 1.2775 on February 14. Another bullish wave had been demonstrated towards 1.3350 before the current bearish pullback occured towards the uptrend again. […]
Boeing saw its stock price opening with a gap down on Monday, near one-month lows, and its 20-period moving average in the four-hour chart slipping below the 50-period MA after four months. The latter could be an indication that the market may potentially extend the downtrend started from the record high of 445.08 earlier this […]
Overview: The USD/CHF pair continues to move downwards from the level of 1.0090, which represents the double top on the H1 chart. Last week, the pair dropped from the level of 1.0125 to the bottom around 1.0060. Today, the first resistance level is seen at 0.9980 followed by 1.0090, while daily support is seen at […]
Overview: The EUR/USD pair below around the weekly pivot point (1.1393). It continued to move downwards from the level of 1.1393 to the bottom around 1.1335. Today, the first resistance level is seen at 1.1393 followed by 1.1426, while daily support 1 is seen at 1.1335. Furthermore, the moving average (100) starts signaling a downward […]
Large TF: In the main downward wave of the instrument since April of last year, the oncoming wave of correction has been developing. Wave analysis indicates the formation of the middle part (B). Small TF: The bearish wave of January 4th develops as a stretched plane. The wave has a complete structure. The ascending segment […]
Large TF: By the totality of signs, the downward wave dominating all of last year ended, giving way to a new ascending phase in the weekly scale model. Small TF: The bullish wave of January 3 is developing in a pulse pattern. The first 2 parts are formed in its structure. The correction has the […]
Large TF: For the past year, the price of the Australian major has moved down. Analysis of the trend wave shows that the price growth of recent months should take the place of correction in the structure. Small TF: The bullish wave started on January 3. The wave has a reversal potential. To date, it […]
Wave analysis: On March 13, the GBP/USD pair rose by 250 pips, which resulted from two UK parliament votes. First, the parliament did not approve the agreement reached by Theresa May with the European Union. Second, the tough Brexit scenario was also rejected. Such a market reaction can hardly be called logical, but most traders […]
The dollar rebounded from a nine-day low as expected due to a sharp drop in the pound after rising against the background of a positive against Brexit. It sank when the pound jumped more than 2 percent after British lawmakers voted against withdrawing from the EU without a deal. However, later the “American” was able […]
On the eve of the deputies of the House of Commons, they voted against the UK withdrawal from the EU without an agreement. After the British parliamentarians virtually eliminated the “hard” version of Brexit, the pound sterling rate first jumped sharply against the dollar but then returned to its original positions. Apparently, market participants were […]
Wave counting analysis: On Wednesday, March 13, trading ended for EUR/USD with another 40 bp increase. Thus, the tool continues to build the estimated wave of a new uptrend. However, there was an unsuccessful attempt to break through the level of 38.2% in the older Fibonacci grid which suggests that the pair is ready for […]
EURGBP is having a volatile week, with the price spiking to a two-week high of 0.8675 on Monday and then falling sharply to a 23-month low of 0.8470 on Wednesday. The short-term risk could be currently viewed as neutral-to bearish as the RSI continues to slide sideways below 50 and the MACD is reversing south […]
For the third day in a row, the currency pair Pound / Dollar pleases speculators with mega-volatility, having 318 points of progress yesterday! From the point of view of technical analysis, it is quite difficult to explain everything that is happening, the only thing that can be noticed is that the quote has an amplitude […]
In recent days, traders of the GBP/USD currency pair begins not with coffee in the morning but with an examination of the operational situation around Brexit. The situation is changing with kaleidoscopic speed, as well as the mood of the markets. Yesterday evening, the pair grew rapidly, climbing to the 34th figure and renewing the […]
The pound, followed by the euro, experienced a period of growth on the news on Brexit. The British Parliament rejected the agreement with the EU for the last time on March 12, and on March 13 voted against Britain’s withdrawal from the EU without a deal. Today, March 14, the Parliament will vote on the […]
Trend analysis (Fig. 1). On Thursday, there is a high probability of an upward movement. The first upper target 1.3432 is the resistance line of the ascending channel (yellow thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – […]
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 […]
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 […]
To open long positions on GBP/USD you need: Yesterday, the British Parliament voted against the Brexit scenario without a deal, which led to the pound’s growth. A vote on the extension of the exit from the EU will be made today. You need to be very careful with long positions on the pound. Buyers need […]
To open long positions on EURUSD you need: Euro buyers should be careful as the uptrend slows down. It is best to return to long positions after a correction and the formation of a false breakdown in the support area of 1.1303 or to rebound from a low of 1.1278. Good inflation data in Germany […]
