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With numerous XM seminars being held across Thailand this year, we are pleased to invite our existing and new clients to yet another free educational event due to take place in Bangkok on 11th May. Our seminar titled Introduction to Candlestick Chart Trading and held on the premises of The Athenee Hotel, a Luxury Collection […]
EURJPY has jumped aggressively over the last three straight days, approaching the 40-period simple moving average (SMA) on the 4-hour chart, which is acting as immediate resistance for the bulls. However, the short-term technical indicators are bearish and point to more weakness in the market even though the price remains above the red Tenkan-sen and the […]
GBPJPY paused Tuesday’s sell-off near the 20-day moving average (MA) on Wednesday and bounced back into the 146 area. The cautious sentiment, though, has not fully faded as the RSI has yet to show clear positive direction above 50, while the MACD continues to lose strength below its red signal line but with slower speed, both […]
Gold price has moved above $1,300 after pulling back towards $1,290 as expected. Our next target was at $1,310 and as long as price remains inside the bullish short-term channel, we could see a move higher towards $1,313 or even $1,322. Red line – RSI support Blue lines – short-term bullish channel Short-term trend is […]
Trend analysis (Fig. 1). On Wednesday, there is a high probability of an upward movement. The first upper target of 1.3155 is the pullback level of 50.0% (yellow dotted line), with an attempt to break this level. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes […]
Trend analysis (Fig. 1). On Wednesday, the price can roll back down (the last three candles are white and fit into the body of the last black candle – a very strong signal down the candlestick analysis). The first lower target 1.1267 is a pullback level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). […]
Technical Market Overview: The local technical support at the level of 127.85 at the ETH/USD pair has been broken and the new low was made at 127.06. It does not look like the end of the down move as the next target is seen at the level of 125.20 and then at the wave X […]
Pound edges up, recovering from earlier sharp losses, as UK Parliament expected to vote against no-deal Brexit May’s yet another historic defeat leads equities into risk-off mood; global growth concerns and Boeing slump also weigh Aussie slips on weak consumer confidence Sterling likely to remain volatile as British MPs to vote on no-deal and delaying […]
The horizontal correction continues. Technical Market Overview: At the BTC/USD market, another leg down was made towards the level of $3,813, but the price has bounced from the trendline support around the level of $3,859 after the Hammer candlestick pattern was made. Nevertheless, the bounce is shallow and the market should resume its 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 […]
Yesterday, the euro worked with a rising scenario – it grew to the price level of 1.1309 (a low of January 3), where, having met with the MACD line on the four-hour scale and with the balance line of the daily scale, stopped in anticipation of further actions of investors. No reversal signals yet. The […]
On Tuesday, as expected, the British Parliament voted against the “improved” Brexit agreement. The pound sterling fell by 117 points and today, the market is completely calm in the Asian session. A possible panic was nipped in the bud – trading volumes were at its greatest since the beginning of the year, which indicates full […]
The Brexit mish-mash once again had a short-term impact on the Market. Uncertainty is never a good thing except for volatility trades. GBP/JPY should continue to trade above key support at 143.72 for a rally back to and above resistance at 147.79 for a continuation towards the channel resistance-line near 150.30. Only an unexpected break […]
Dear colleagues. For the currency pair Euro / Dollar, we follow the upward cycle of March 7 and the development of which is expected after the breakdown of 1.1317. For the currency pair Pound / Dollar, the situation is in equilibrium; the level of 1.3008 is the key resistance for the bottom and the level […]
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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 […]
EUR/JPY seems to have reeached the bottom and it is moving higher again towards the channel-top near 127.75 and a break above this channel-top is ultimately expected for upside acceleration closer to the 161.8% extension target at 133.54. Key support is seen at 124.25 and only an unexpected break below here will invalidate our bullish […]
Technical Market Overview: The GBP/USD pair has bounced and rebounded from the technical support located at the level of 1.2959, hit the technical resistance zone located between the levels of 1.3258 – 1.3304 and made a widespread Pin Bar candle with a long upper shadow. In the result, the price reversed back towards the broken […]
Data on the growth of US inflation could not restore the dollar’s recent confidence. The release was rather weak, especially against the background of quite unimpressive forecasts. The market did not see an inflation spurt, and this fact again reminded traders of the Federal Reserve’s wait-and-see position. On the other hand, investors have already considered […]
Technical Market Overview: The EUR/USD pair has made another leg up and made local high at the level of 1.1304 which is just below the technical resistance zone located between the levels of 1.1316 – 1.1325. The move up has ended with a Shooting Star candlestick pattern, so the first indication of a possible trend […]
Morning Report: 07.00 London The pound is steady this morning after a volatile 24 hours that saw a strong rally on hopes for May’s deal then a sudden plunge as parliament rejected the deal. There are small gains this morning ahead of a ‘no deal’ vote which is widely expected to be a formality as […]
AUDUSD stretched slightly to the downside today, falling back below the 23.6% Fibonacci retracement level of the downleg from 0.8135 to 0.6746, around 0.7070 and the Ichimoku cloud. The technical picture remains to the upside as the MACD is trying to post a bullish crossover with the trigger line, while the stochastic is approaching the […]
EUR/GBP has been impulsive and volatile in the range of 0.8500 to 0.8650. Trading flat reflects market indecision at the moment. The positive economic report on the UK GDP did not quite help GBP to gain momentum over EUR immediately. But in the coming days, the pair is going to trade under certain bearish pressure. […]
Technical outlook: We have presented the 4H chart view for EUR/USD with an alternate probability. Please note that a major/critical point of the trend change would be the breakout of the price above the 1.1420 levels, which is immediate resistance as depicted here. Yesterday, we were looking for opportunities to go long on a dip, […]
https://pepperstone.com/en/forex-news/market-review -GBP falls from highs on Brexit vote -AUD and NZD pull back on weak Aussie data -The dollar gains vs the yuan and the won -UK MPs to debate the no deal Brexit option -China-US trade talks could still run into trouble -More bad news from Japenese industry -Do we pay too much attention […]
The EUR/USD pair has moved slightly higher this week. Yesterday, the pair rose from a low of 1.1170 and reached a high of 1.1270. This happened as investors have ignored the tensions rising between the US and European Union. This article summarizes the key contentious issues. Trade For years, European Union and United States have […]
Germany is the biggest economy in Europe. It is also one of the closest American allies. It is also a member of the North Atlantic Treaty Organization (NATO), which was formed after the second world war to provide security against the soviets. NATO is headquartered in Brussels, Belgium and is made up of the biggest […]
The European Central Bank has been quite active for regaining momentum for the Eurozone economy while facing the slowdown crisis. The euro is currently observed to be regaining momentum over the yen and this trend is expected to extend further. The European Central Bank policy makers want to reduce the dependency of eurozone banks on […]
For the last trading day, the currency pair Euro / Dollar showed extremely low volatility of 37 points. Isn’t it preparing for something interesting? From the point of view of technical analysis, we have a corrective movement from the value of 1.1176, where the quotation successfully returned above the range level of 1.1214 and went […]
