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 […]
EUR/USD is inside the major resistance area and at the important Fibonacci 61.8% retracement level. Besides, the pair is now at a possible reversal area. As long as it holds above 1.13, then chances for a move towards 1.1390 are high. Red line – major resistance trend line Green line – support trend line Orange […]
Trend analysis (Fig. 1). On Thursday, the price may roll back down (the last three white candles on the falling volumes are very strong signals down the candlestick analysis). The first lower target of 1.1301 is the pullback level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; […]
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Gold price has reached as high as $1,311 and is now pulling back towards $1,300. Short-term trend remains bullish as long as price is above $1,300 and inside the bullish short-term channel. Gold price is likely to move downwards to $1,250-60, and a break below $1,300 would increase the chances of this scenario coming true. […]
Pound continues rollercoaster ride amid more Brexit twists and turns at Westminster; MPs look set to vote in favour of delaying Brexit Chinese industrial production falls to 17-year low, dampening market sentiment President Trump says he is “in no rush” to complete trade talks with China, raising doubts about a March deal Pound leaps to […]
Technical Market Overview: The BTC/USD pair is at a very interesting place right now. The price will either bounce back up from the trendline support around the level of $3,901 or the price will break through the trendline and will move lower. The next target for this wave is seen at the level of $3,813, […]
Producer prices in the US rose by 0.1% in February against the forecast of 0.2%. On an annualized basis, the growth also turned out to be slightly weaker and amounted to 2.5% instead of the predicted 2.6%. Some slowdown in the growth of inflation does not worry investors, who are in high consumer demand, since […]
Ethereum Elliott Wave analysis for 14/03/2019 One more leg down needed to complete the wave X Technical Market Overview: The Elliott wave scenario has been updated and the wave X at the ETH/USD market might be still unfolding into a more complex and time-consuming pattern because bulls were not able to break through the technical […]
Technical Market Overview: The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was made at the level of 1.1338. The market has broken above the technical resistance zone located between the levels of 1.1316- 1.1325 and is still trading above the orange trendline, so […]
USDJPY has been softly rising this week within the 111 area, stretching the three-month long ascending channel even higher. The price is also above its shorter-term moving averages (20- and 50-day Mas) and is set to cross above the 200-day MA as well, giving additional positive trend signals. In momentum indicators, the RSI continues to […]
On 13th April our company representatives, accompanied by Senior Market Strategist of Tradepedia, Habib Akiki, will once again return to the capital of Jordan, Amman, with a free forex trading seminar for online investors interested in developing their trading skills with the help of the XM educational program. For all our existing and new clients, […]
Technical Market Overview: The GBP/USD pair is being emotional driven by the Brexit news, so it makes a wild swing up on down based on hope or fear. Just two days ago the shoot up was impressive as it touched 1.3258 – 1.3304 zone, but then suddenly the price dropped down again to test the […]
Yesterday, British MPs went through a vote and declared that they would not want to leave the EU without a deal, although the decision was made only with a 4 vote advantage. The pound grew by 240 points, but trading volumes were even less than on Monday. Indeed, this decision (or rather the opinion) is […]
The Australian dollar with difficulty and reluctance has increased in the consolidation range of 0.7060-0.7100, which was formed on March 4-6. Today, in the Asian session, it began to actively decline, as the further intention of the British MPs, namely, to vote for the postponement of the launch of article 50 of the Lisbon Treaty, […]
Morning Report: 07.00 London The British pound is sitting just below the 1.3300 level after rallying sharply on the passing on the non-biding ‘no deal’ vote yesterday. The GBP/USD has slipped just below this level through the morning, but there’s no denying that the pound’s current volatility has a positive edge. The GBP/JPY continues to […]
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https://pepperstone.com/en/forex-news/market-review -GBP trades back to $1.325 on Brexit volatility -CAD, MXN and ZAR all give ground vs USD -Oil trades up to 4-month highs -UK Parliament to vote on an article 50 extension -Chinese industrial production slips to multi-year lows -How much debt do countries have after a decade of low rates? The overnight changes […]
Dear colleagues. For the currency pair Euro / Dollar, the main upward movement is expected after the breakdown of 1.1360. For the currency pair Pound / Dollar, we should continue the development of the upward structure of March 11 after the breakdown of 1.3387. For the currency pair Dollar / Franc, we are following the […]
Technical outlook: The 4H chart for EUR/USD has been again presented here for a larger picture. Please note that the single currency has approached 1.1325 levels as discussed and expected. An intraday high has been print at 1.1340 levels before reversing lower again. Also make note that prices have reached resistance at fibonacci 0.618 levels […]
GBP/JPY has rallied nicely and is currently testing resistance at 148.49. This resistance should ultimately be broken as GBP/JPY continues higher to 151.50 and above. On the way higher solid resistance will be seen at 149.49 but this should be broken too, as GBP/JPY pushes higher. Support is now seen 147.41 and again at 146.79 […]
EUR/JPY is now testing the channel-top and we expect it will break through the channel-top and accelerate higher towards 127.50 on its way to the 161.8% extension target at 133.54. On the way higher solid resistance will be found near 129.25 but this should ultimately be overcome too. Support is now seen in the 125.42 […]
When the European market opens, some economic data will be released such as French Final CPI m/m and German Final CPI m/m. The US will also publish the economic data such as Natural Gas Storage, New Home Sales, Unemployment Claims, and Import Prices m/m, so amid the reports, the EUR/USD pair will move with a […]
New orders for major capital goods produced in the United States, increased in January to a maximum over the past six months. While supply volumes increased, it indicates a significant increase in business spending on equipment at the beginning of the year. A stronger than expected US Department of Commerce report led economists to update […]
Euro fans returned currency quotes within the range of $1,125-1.15, but they managed to do this only due to the weakness of the dollar. Slow inflation in February in the United States made it possible for the derivatives market to increase the likelihood of the Fed’s monetary policy easing to more than 20% this year. […]
In this video, Chris Weston looks at macro issues impacting markets and eyes the ASX 200 valuation and what could be the trigger to cause a move into 6500 Related Posts:Geopolitical developments and stronger US data push… April 16, 2024 Volatility remains extremely high across the FX spectrum Commodities volatility…
The pound continues to be the most dynamic asset of the foreign exchange market. Moreover, now traders are preparing for the growth of currency fluctuations before the next stages of Brexit. So, it is unlikely that anyone expected the British MPs to support Theresa May’s deal on Tuesday. Today, few expect that the Parliament will […]
4-hour timeframe The amplitude of the last 5 days (high-low): 57p – 117p – 118p – 228p – 284p. Average amplitude for the last 5 days: 161p (124p). The British Parliament blocked Theresa May’s second attempt to push her plan for Brexit. Everyone knows that. But the most interesting is yet to come. Today, with […]
After a small improvement in December, China’s retail sales and industrial production figures are forecast to arrive softer on Thursday at 0200 GMT. Investors would probably read the data with caution as the Lunar New Year holidays may have disrupted business activities during that period. Still, the months-long US-Sino trade war will more likely receive some blames as well, […]
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 current bearish pullback was demonstrated towards the uptrend again. A […]
