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AUDUSD stretched sharply on the downside on Wednesday to unlock a two-month low of 0.7027 after sliding sideways the past three days. The technical picture has also turned more bearish as the MACD deepened further in negative territory and below its red signal line, while the RSI has increased its speed southwards. The latter however is not […]
EURGBP returned slightly to the upside after the strong downfall on the new 21-month low of 0.8530 on February 27, violating to the downside the sideways range it had been trading in since late 2017, with an upper bound at 0.9100 and a lower bound near 0.8615. However, the red Tenkan-sen and the blue Kijun-sen […]
For the sixth time now, XM will participate at yet another international financial exhibition in Germany, this time at Invest Trade Fair and Congress for Finance and Investment, on 5-6 April 2019. This will have been XM’s third time at Invest, a large-scale event organized with the participation of numerous corporate exhibitors who reach out […]
Since the beginning of the week, the Australian dollar has not shown any noticeable activity, probably looking back at European currencies, but today in the Asian session it decided to catch up – the decline is already more than 50 points, and the first target of 0.6986 is already close. Today, on the four-hour chart, […]
Technical market overview: The EUR/USD pair is moving lower as it passed the 61% Fibonacci retracement at the level of 1.1305 and now the local low was made at the level of 1.1289. The market conditions are now oversold, but the momentum is still weak and negative and there is no price or candlestick formation […]
Dear colleagues. For the currency pair Euro / Dollar, the downward movement is possible after the breakdown of 1.1290 and the level of 1.1325 is the key support. For the currency pair Pound / Dollar, we are following the downward structure of February 27 and the development of which is expected after the passage of […]
Technical market overview: The BTC/USD pair has bounced from the level of $3,730 after a Hammer candlestick was made and the pair shoot up quickly towards the level of $3,929. Another Pin Bar candle was made at the end of the rally and currently, the market is in a local pull-back cycle. The nearest intraday […]
Technical market overview: The ETH/USD pair has bounced from the level of 121.70 after a Hammer candlestick was made and rallied towards the technical resistance zone located between the levels of 139.63 – 141.22. The bulls were too weak to break through this zone and a Pin bar candle was made with a top at […]
Support is now seen at 146.58 with back-up support at 146.21. R3: 148.57 R2: 147.83 R1: 147.44 Pivot: 147.10 S1: 146.58 S2: 146.21 S3: 145.79 Trading recommendation: We remain long GBP from 143.15 with our stop placed at 146.00. If you are not long GBP yet, then buy a break above 147.44 and use the […]
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Technical outlook: A 4H chart view has been presented here for the US Dollar Index to have a medium-term outlook into its wave structure. The US Dollar has managed to reach almost 97.00 levels as prices nearly complete its 3-wave corrective rally that began from 95.90 levels earlier. Also note that the US Dollar Index […]
Technical outlook: A 4H chart view has been presented here for the US Dollar Index to have a medium-term outlook into its wave structure. The US Dollar has managed to reach almost 97.00 levels as prices nearly complete its 3-wave corrective rally that began from 95.90 levels earlier. Also note that the US Dollar Index […]
Technical outlook: A 4H chart view has been presented for EUR/USD today, to have a medium-term wave structure that could run up to several weeks. As expected in the past few trading sessions, the EUR/USD pair has dropped lower towards 1.1300/1.1290 levels as a counter trend A-B-C as depicted here. Prices are finding support at […]
Only a break below key-support at 125.98 will invalidate our bullish outlook. R3: 126.92 R2: 126.75 R1: 126.55 Pivot: 126.35 S1. 126.15 S2: 125.98 S3: 125.68 Trading recommendation: We remain long EUR from 124.65 with our stop placed at 125.75. If you are not long EUR yet, then buy a break above minor resistance at […]
The GBP/CHF pair is approaching our first support at 1.3125 (horizontal overlap support, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing the price up to our major resistance at 1.3281 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also nearing support where we might see a corresponding bounce […]
https://pepperstone.com/en/forex-news/market-review -GBP slips vs USD -AUD and NZD fall back sharply -The Dollar gains vs the yuan and Swiss franc -Australian Q4 2018 GDP undershoots forecasts -EU and US trade teams will meet to discuss auto’s and tariffs -North Korea may be rebuilding missile sites -The zero carbon emissions ‘school report’ The overnight changes and […]
Morning Report: 07.00 London The US dollar index is hitting its stride, posting gains for the sixth straight day. The February highs are in sight, forcing the dollar pairs lower. The AUD/USD is hardest hit, plunging below 0.7050 this morning. The EUR/USD is also struggling, falling for its sixth straight day and looking to test […]
The EUR/CHF pair is approaching our first support at 1.1306 (horizontal swing low support, 100%, Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1339 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also nearing our support where we might see a bounce […]
No economic data from the euro area will be released today, but the US will publish some economic data such as Beige Book, Crude Oil Inventories, Trade Balance, and ADP Non-Farm Employment Change, so amid the reports, EUR/USD will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]
In Asia, Japan will not release any economic data today, while the US will publish some economic data such as Beige Book, Crude Oil Inventories, Trade Balance, and ADP Non-Farm Employment Change. 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: […]
The world’s biggest analysts see the prerequisites for a large rally of the British currency. According to their calculations, this year sterling will overtake all competitors as concerns about Brexit without a deal decrease. The probability that Britain will leave the European Union at the end of March without a deal is 9%, Bloomberg estimated […]
The March meeting of the Reserve Bank of Australia was quiet and almost imperceptible. The regulator retained the parameters of monetary policy in its previous form and did not frighten the market with arguments about the interest rate reduction in the foreseeable future. The Australian dollar, in turn, reacted accordingly: paired with the US currency, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 195p – 116p – 66p – 114p – 88p. Average amplitude for the last 5 days: 116p (111p). On Tuesday, March 5, the British pound also continues the downward movement that began a few days ago. First of all, traders have clearly exhausted their desire […]
4-hour timeframe The amplitude of the last 5 days (high-low): 58p – 42p – 61p – 56p – 73p. Average amplitude for the last 5 days: 58p (52p). On Tuesday, March 5, the EUR/USD currency pair resumed its downward movement after a short pause. The instrument stood in one place for most of the trading […]
After a long winter rally, oil decided to take a breath, which resulted in the consolidation of Brent in the trading range of $ 64.3-67.8 per barrel. Investors evaluate the prospects for black gold in the context of a set of multidirectional drivers, including the volume of OPEC and US production, changes in global demand […]
Today, a number of reports came out that testified, albeit indirectly, that the European economy could easily survive the recession than previously expected. In January, the indices in a number of countries in the service sector moved below 50 points, which indicated a drop in growth, then the February data was more optimistic. Thus, the […]
GBPAUD is set to complete the third straight negative day following the pullback on the 1.8730 resistance level. A crucial battle is currently taking place around the 1.8520 support, as any decisive step lower could activate a bearish correction mode. From the technical view, though, chances for a negative retracement seem to be increasing as the RSI […]
The European Central Bank (ECB) will conclude its policy meeting on Thursday at 12:45 GMT, with a press conference by President Draghi to follow at 13:30 GMT. The Eurozone economy is struggling, and market attention will thus be on whether the ECB will take steps to cushion the slowdown, for example by hinting at another […]
Last Saturday, US President Donald Trump once again stated that the dollar is too strong and lashed out at the Federal Reserve Jerome Powell, calling him a man who likes to raise interest rates. The US currency initially reacted with a fall on the statement of the head of the White House but then continued […]
