EURUSD has advanced considerably over the preceding week after the rebound on the 21-month low of 1.1175, challenging again its simple moving averages (SMAs) in the daily timeframe. The price surpassed the 23.6% Fibonacci retracement level of the downleg from 1.1570 to 1.1175, near 1.1325, but it continues to trade within a downward sloping channel. Technically, the RSI indicator […]
Technical outlook: The 4H chart view presented here is depicting a bullish outcome for EUR/USD over the next several weeks. As labelled here, the single currency pair seems to be on its way to carve an impulse wave from 1.1175 through the 1.1400/20, levels respectively. A lower degree wave structure depicted here shows that waves […]
When the European market opens, some economic data will be released such as German Buba Monthly Report and Trade Balance. The US will also publish the economic data such as NAHB Housing Market Index, so amid the reports, the EUR/USD pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL […]
In Asia, Japan will release the Revised Industrial Production m/m and Trade Balance and the US will publish some economic data such as NAHB Housing Market Index. So there is a probability the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.19. Resistance. 2: […]
https://pepperstone.com/en/forex-news/market-review -GBP gains 2.0% vs USD over the last week -CHF slips back vs USD -Dollar Index is lower by -0.76% over the last week -China’s foreign minister heads to Brussels -Japan’s Industrial output fell in January -PM May’s final chance to win over the DUP -Eurozone winners and losers over two decades plus The […]
NZD/CAD is approaching our first resistance at 0.9240 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing the price down to our major support at 0.8981 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also nearing our first resistance where we might […]
USD/CHF is approaching our first support at 1.0018 (horizontal pullback support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 1.0054 (38.2% Fibonacci retracement). Stochastic (34,5,3) is also nearing support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the […]
Bitcoin has recently managed to close above the $4,000 price area with a daily close which is currently consolidating and correcting itself at the edge of the $4,000 area after a certain retrace along the way. The price is currently being held by the dynamic support area of Kumo Cloud, while also being carried by […]
EUR has recently managed to gain quite sustainable momentum after the fallback below the 1.1200 area. Despite the slowdown of the eurozone economy, such momentum-based gains over EUR are expected to lead to certain bullish pressure. The ECB has recently cut its 2019 growth forecast to their lowest levle since 2017 which is expected to […]
We know emotions can get in the way of trading. In this webinar, FX Evolution will take you through the lessons they’ve learnt throughout their trading journey. You’ll also discover the tactics they recommend to correctly identify support and resistance levels along with key risk management techniques to help you gain the confidence and insight […]
In this video, Chris looks at the key event risk for the week ahead, the implied volatility in G10 FX, and the excepted move implied over the week. The narrative should give you insight that can help with your risk management and position sizing. Related Posts:Weekly forecast based on simplified wave analysis for… April 15, […]
Fed Meeting – An Excuse to Sell Dollars? The US dollar has been in an uptrend for most of the quarter but in the past week, the greenback lost momentum and its decline has some investors wondering if the dollar will continue to fall ahead of this week’s Federal Reserve monetary policy announcement. We’ll discuss […]
Fed Meeting – An Excuse to Sell Dollars? The US dollar has been in an uptrend for most of the quarter but in the past week, the greenback lost momentum and its decline has some investors wondering if the dollar will continue to fall ahead of this week’s Federal Reserve monetary policy announcement. We’ll discuss […]
Fed Meeting – An Excuse to Sell Dollars? The US dollar has been in an uptrend for most of the quarter but in the past week, the greenback lost momentum and its decline has some investors wondering if the dollar will continue to fall ahead of this week’s Federal Reserve monetary policy announcement. We’ll discuss […]
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 – Weekly financial news – 17.03.2019 Related Posts:Weekly forecast based […]
EUR/USD has been trading sideways at 1.1315, and we found the fake breakout of the resistance at 1.1337, which was a sign of weakness. According to the H4 timeframe, we found the fake breakout of the resistance at 1.1337 and the bearish divergence on the Stochastic oscillator, which was a sign of the potential weakness. […]
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 a further bullish movement towards 1.1520. However, […]
Bitcoin has been quite indecisive at the edge of $3,880 for a few days in a row. The price sustained the bullish momentum. The price was trapped in a range between $3,800 and $4,000 for a while. Now it is expected to rebound with a higher target in the coming days. Fundamentally, there is not […]
Last week was generally positive for equity markets with the stand out performer being the S&P 500 which was back retesting the key 2820 resistance level which has not been properly breached since October 2018. Wall Street was somewhat hindered by comparison due to the 10% decline in the Boeing share price. Moving into next […]
On January 2nd, 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 was demonstrated towards 1.3350 before the current bearish pullback was demonstrated towards the uptrend again. […]
NZDUSD corrected below two-week lows after the RSI reached overbought territory, with the price launching slightly above the 50-period moving average in the four-hour chart on Thursday. On Friday the market resumed bullish momentum, but with the RSI reversing towards its 50 neutral threshold and the MACD moving under its red signal line, the recovery may probably not continue in the […]
Traders will be glued to their screens next week amid a barrage of crucial events, ranging from a highly-anticipated Fed policy meeting to even more Brexit votes in the British Parliament. At the same time, almost every major economy will see the release of data that could be decisive for their respective currencies, particularly considering […]
Overview: The pair is still trading around the daily pivot point of 0.6882. The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. 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 […]
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and 0.7168. This support has been rejected four times confirming the uptrend. Hence, the major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, […]
4h On the hourly chart, the pair rebounded several times from the retracement levels of 38.2% (1.3220) and 23.6% (1.3228). As a result, the latter rebound led to a possibility of a rally towards the retracement level of 23.6%. If the pair rebounds from this Fibo level, the US dollar will have a chance to […]
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 […]
This week, focus among traders was mostly on Boeing. This is after a major accident in Ethiopia led to the death of 157 people who were travelling to Kenya. The accident involved a relatively new model of the plane called Boeing 737-Max. The plane was delivered to Ethiopian Airlines in November last year. While plane […]
The Japanese yen strengthened slightly against the USD after the Bank of Japan (BOJ) released its interest rates decision. The stocks too rose sharply in response to the decision. As expected, the bank left rates unchanged at minus 0.1%. It also maintained its goal of keeping the ten-year government bonds (JGBs) around zero. In the […]
Cocoa is an important crop that is consumed by billions of people around the world. When processed, cocoa is mostly used as a beverage and in also in the manufacture of confectionaries. Most of the world’s cocoa comes from West African countries of Ivory Coast and Ghana, which have a tropical climate. Once harvested and […]
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 […]
