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 […]
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 […]
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 […]
The Swiss National Bank (SNB) is expected to keep its policy rates unchanged at the lowest level globally when it announces its decision on Thursday, at 0830 GMT. Domestic data are lackluster, Switzerland’s main export markets are slowing, and most importantly, the ECB turned dovish lately. Combined, these imply the SNB will probably retain an […]
On February 27, some technical analysts were expecting a pause in the US market. It took place and may have ended already on March 8 as the ratio of Cyclicals versus Defensive sectors in the US is turning up again. Indeed the Discretionary Sector is at a higher high and is re-accelerating up. During the […]
Facebook stock price pulled back from the seven-month high of 174.29, registered on March 11, resting slightly above the 50-day simple moving average (SMA) and the 38.2% Fibonacci retracement level of the downleg from 218.44 to 123.30, around 160.00. The price has been developing within a narrow range after the jump above the 38.2% Fibonacci […]
GBPCAD is losing momentum after finding a strong resistance obstacle around the nine-month high of 1.7795 in the preceding week. The technical indicators are slowing down, mirroring the market’s behavior over the last days as the RSI is flattening in positive territory. The MACD is also holding in the bullish area, however, it slipped below the trigger line, […]
The Federal Open Market Committee (FOMC) has two main things to clarify at the end of its two-day policy meeting on Wednesday at 1800 GMT. First is the course of rate hikes that the central bank hinted it will pause until later this year. Then is the size of the balance sheet and particularly policymakers’ willingness to continue winding […]
Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705. The pair is still moving around the daily pivot point of 0.6882. The level of 0.6705 coincides with a golden ratio, which is expected to act as major support today. The RSI is considered to be overbought, because […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. Today, the first support level is currently seen at 1.3228. The price is moving in a bullish channel now. Furthermore, the price has set above the strong support at the level of 1.3228, which coincides with the 61.8% Fibonacci retracement level. This […]
In the past one year, European stocks have underperformed their American peers. The chart below compares the performance of France CAC, Germany’s DAX, and European Stoxx with that of the S&P 500. The same trend has been true with the euro, which has fallen against major currency peers. The chart below shows its performance against […]
The Australian dollar declined after the country’s bank released the minutes of the past monetary policy meeting. In the meeting, the officials left interest rates unchanged and talked about the global and local economy. According to the minutes, the officials started their discussions talking about the global economy. They said that the growth has been […]
As we wrote in the previous reviews, Brexit would be postponed for a long time. On Tuesday morning, the UK British Parliament’s speaker announced that the House of Commons would not vote on the agreement with the EU once again. Looking back, the House has defeated this deal twice already with a significant majority of […]
