To open long positions on GBP/USD you need: The pound rose sharply yesterday after Theresa May’s unplanned meeting with Juncker was announced. At this meeting, a number of new conditions were reached in the Brexit agreement, which will be represented today in Parliament at the vote, which is also expected by many to help reach […]
To open long positions on EURUSD you need: Good US data was ignored by the market. At the moment, euro buyers ran into a new resistance level of 1.1264, a breakthrough of which will maintain an upward momentum, which will lead to a test of new highs in the area of 1.1290 and 1.1317, where […]
Trend analysis (Fig. 1). On Tuesday, the upward movement will continue. The first upper target 1.3283 is the pullback level of 76.4% (yellow dotted line), with an attempt to break through this level. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – down; – candlestick […]
USD remained the strongest currency in the pair while dominating CAD in the process. USD was positive amid the recent economic reports while the Fed was hawkish as the upcoming development plans indicate further gains on the USD side in the coming days. Recently, the US Retail Sales report was published showing an increase to […]
Trend analysis (Fig. 1). On Tuesday, the price may continue its upward movement. The first upper target 1.1270 is the pullback level of 38.2% (blue dotted line) and further up to the pullback level of 50% – 1.1299 (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels […]
Technical Market Overview: The ETH/USD pair has just made another lower low on its way down just as anticipated. The local technical support at the level of 127.85 has been broken and the new low was made at 127.06. Nevertheless, this is not the end of the down move as the next target is seen […]
Technical Market Overview: At the BTC/USD pair, another wave down is being made and it is in line with the expectations of one more wave down, in that circumstances the wave (c) of the wave 2. The first indication of this wave to unfold was the Shooting Star candlestick pattern around the 50% Fibonacci retracement, […]
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 […]
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EURUSD has been outperforming in the past three days, after the strong rebound on the 21-month low of 1.1175 on March 7. Currently, the price has been developing within a downward sloping channel in the short-term following the penetration of the medium-term sideways channel. Technically, the RSI indicator is confirming the recent upside movement, while the […]
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 […]
Pound extends yesterday’s surge as May secures ‘legally binding’ changes to Brexit deal All eyes now on British Parliament amid doubts whether EU’s legal assurances will be enough Equities rally and yen retreats as risk appetite improves and on hopes of more stimulus in China Sterling back above $1.32 on hopes May can win MPs […]
Today, the pair is testing the NKZ 1/2 1.1277-1.1267. While this zone acts as resistance, it is necessary to consider the pattern for selling as the main one. The first goal of the decline, in the event of an offer, will be the low of March. This will allow you to take 100 points of […]
GBPUSD posted a sharp bullish rally earlier today almost challenging the 1.3300 handle, however, the price quickly erased those gains and returned back around 1.3200. In the previous day, cable added 230 pips gains, driving the price above the 23.6% Fibonacci retracement level of the upleg from 1.2390 to 1.3350, around 1.3120. Technically, the RSI continues to flatten around […]
Technical Analysis of GBP/USD for 12/03/2019 The sudden rebound was driven on the news, how long will it last? Technical Market Overview: The GBP/USD pair has bounced and rebounded from the technical support located at the level of 1.2959, broken the trendline and very quickly moved towards the level of 1.3258. The zone between the […]
Today, the test of NKZ 1/2 0.7078-0.7071 takes place, which is the defining resistance. Holding the price below the specified zone will provide an opportunity to enter a short position. It is worth noting that a false breakdown pattern has been formed on the higher D1 timeframe, which increases the likelihood of continuing an upward […]
The correction is getting higher Technical Market Overview: The EUR/USD market has bounced towards the technical resistance zone located between the levels of 1.1275 – 1.1284 but did not manage to break through it despite the fact, that candlestick formation called Three Green Soldiers has been made earlier. The market is testing the level of […]
Morning Report: 07.00 London The pound is soaring on news that Theresa May has secured an ‘improved deal’ with the EU. These improvements leave a whole world of grey area though, with the changes being more language adjustments that wholesale changes. It remains to be seen if this will be enough to push the deal […]
Dear colleagues. For the currency pair Euro / Dollar, we follow the formation of the initial conditions for the top of March 7 and the development of this structure is expected after the breakdown of 1.1270. For the currency pair Pound / Dollar, we are following the development of the upward structure of March 11 […]
Technical outlook: The 4H chart of US Dollar Index is presented for a medium-term outlook for price action and wave counts. It is clearly visible that the US Dollar Index has broken below its immediate line of support and has hit new lows below the 97.00 mark. A pullback can be expected towards the 97.40/50 […]
https://pepperstone.com/en/forex-news/market-review -GBP bounces on the Brexit news -MXN, NZD and ZAR are other gainers on the day -Dollar index falls back -Theresa May wins legally binding changes to her Brexit plan -The UK parliament to debate and vote on the revised deal today -Brazil’s Auto industry is firing on all cylinders -The trillion dollar interest […]
Technical outlook: The 4H chart presented here might start indicating a potential trend reversal for EUR/USD. It is too early to confirm the same, but aggressive traders should get prepared to go on the long side. Counting shorter time frame waves (1 hour), you can find out that a 5 waves rally could be completed […]
When the European market opens, some economic data will be released such as French Final Private Payrolls q/q. The US will also publish the economic data such as 10-y Bond Auction, Core CPI m/m, CPI m/m, and NFIB Small Business Index, so amid the reports, the EUR/USD pair will move with a low to a […]
In Asia, Japan will release the BSI Manufacturing Index and the US will publish some economic data such as 10-y Bond Auction, Core CPI m/m, CPI m/m, and NFIB Small Business 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: […]
By the end of the week, the Euro / Dollar currency pair showed moderate volatility of 60 points, concentrating on the corrective course. From the point of view of technical analysis, we see that after Thursday’s rally, the pair dropped to 1.1176, overcoming the strongest coordinates in the face of the range support level of […]
This week, the dollar started, almost came close to a three-month high, as investors continued to give preference to the greenback amid fears of global growth. The dollar index against a basket of six major currencies grew by 0.1 percent, to 97.412 points, just this year the figure rose 1.3 percent. There is no good […]
The British pound promises to be the most volatile currency this week. On Tuesday, March 12, there will be another vote on the Brexit agreement in England, the conditions under which the UK will leave the EU group will be announced. Some excitement around this vote has its foundation, because it will be the last […]
Traders got enough food for thought from the recent ECB meeting and the US labor market report. It seems that Mario Draghi endowed bears of the euro with trumps with which they can send the EURUSD pair to $1.1, but at the same time, bulls should not surrender ahead of time for the main pair. […]
4-hour timeframe The amplitude of the last 5 days (high-low): 88p – 101p – 57p – 117p – 118p. Average amplitude for the last 5 days: 96p (95p). The British pound sterling quite unexpectedly rose against the US currency on the first trading day of the week. However, we have repeatedly mentioned the fact that […]
