Dear colleagues. For the currency pair Euro / Dollar, we are following the downward structure of February 28 and the downward movement is possible after the breakdown of 1.1312. 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 […]
To open long positions on GBP / USD you need: Despite a good report on the service sector, buyers failed to get above the resistance of 1.3195 today. Only a breakthrough and consolidation above this level will be a signal to buy, which will lead GBP / USD to update the highs around 1.3248 and […]
To open long positions on EUR / USD pair, you need: Buyers of the European currency managed to keep around the lows of yesterday, gradually building a good position to breakdown the resistance level of 1.1337. Good reports on the PMI indexes, which came out in the first half of the day, may contribute to […]
In the conditions of a slowdown in the eurozone economy, the ECB at its meeting on March 7 may change the rhetoric and even tell about new incentive mechanisms. Bloomberg respondents and other economists believe that the regulator will again postpone the rate hike. All the fundamental factors will force Mario Draghi to take steps […]
For this week, the attention of investors will be focused on the next meeting of the European Central Bank (ECB), which will be held on Thursday. According to a consensus forecast of analysts recently surveyed by Bloomberg, the regulator will again keep borrowing costs unchanged and may even correct interest rate signals, postponing the timeframe […]
Overview: The USD/CHF pair continues to move downwards from the level of 1.0019, which represents the double top in the H1 chart. Last week, the pair dropped from the level of 1.0019 to the bottom around 0.9945. Today, the first resistance level is seen at 0.9980 followed by 1.0019, while daily support is seen at […]
Bitcoin has been quite corrective and volatile after pushing lower towards $3,700 recently with a daily close. Today the price managed to gain certain momentum which lead to certain bullish pressure. Though the current trend is bearish, having Chikou span breaking above the price line while 20 EMA and Tenkan line breaking above the Kijun […]
Overview: The GBP/USD pair will continue rising from the level of 1.3130 in the long term. It should be noted that the support is established at the level of 1.3130 which represents the daily pivot point on the H1 chart. The price is likely to form a double bottom in the same time frame. Accordingly, […]
BTC has been trading upwards. Bullish correction is in creation. According to the M30 time – frame, we found potential bearish flag in creation, which represents that risk for going long. Key short – term resistance is set at $3.740 (recent lows now became key resistance). Support levels are seen at $3.653 and $3.636. Trading […]
Big Picture: a major news is coming. The currency market quotations are in the range on the major pairs, which is actually since the beginning of November of last year as the market still waits for a trend. On Tuesday morning, the news about reduction of the Chinese economy forecast increases the chances of a […]
China will publish monthly trade numbers on Friday with exports seen to have fallen back in February after January’s unexpected surge. But with the country’s negotiators closing in on a trade deal with the United States and the government announcing further fiscal measures to stimulate growth in the economy, the trade figures may not generate […]
Gold has been trading downwards. The price tested the level of $1.282.80. According to the H1 time – frame, we found bullish divergence on the Stochastic oscillator in creation, which is a sign that selling looks risky and that a potential corrective rally is possible. Key intraday support is seen at $1.282.80. Intraday resistance levels […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -175.9711 The EUR / USD currency pair on Tuesday, March 5, fixed below the moving average line and continues the downward movement that started earlier. Against the backdrop […]
Trend analysis (Fig. 1). On Tuesday, the price will move down with the first lower target of 1.3135, which is the recoil level of 23.6% (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis – up; – trend […]
EUR/USD has been trading sideways at the price of 1.1324. Intraday bullish divergence is in creation, be careful with selling. According to the 30M time – frame, we found that every time EUR/USD makes a new low, buyers respond immediately which is a sign that sellers don’t have enough power for larger selling. Another sign […]
The euro/dollar currency pair for the last trading day showed high volatility of 72 points. As a result, it continues to form a corrective movement. From the point of view of technical analysis, we see that the quotation closely approached the range level of 1.1300 / 1.1320, testing the upper limit for strength. The news […]
Trend analysis (Fig. 1). On Tuesday, the price may continue to move down with the first lower target of 1.1306, which is the recoiling level of 61.8% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis – up; […]
The pound against the dollar continues to be in the so-called “strong bear legs” after reaching an annual maximum of 1.3348. The factors such as lack of progress on the Brexit issue, the weak macroeconomic data of Britain and the strengthening of the US currency are pushing the pair down, despite some resistance from the […]
Wave counting analysis: On March 4, the GBP / USD pair lost about 30 bp more. It continues to be in the framework the proposed first wave construction as part of a new downward trend. Thus, I expect a continuation of the decline with the first targets, located around 31 and 30 figures. In the […]
Over the past trading day, the currency pair Pound / Dollar showed a low volatility of 88 points. As a result, it continued to form a corrective movement. From the point of view of technical analysis, we have a primary pullback from Fibo level 38.2 (1.3180), but the joy of the bulls was short. On […]
Wave counting analysis: On Monday, March 4, trading ended for EUR / USD by another 30 bp decline. Thus, the instrument continues to build a new downward wave, presumably 5 in the descending part of the trend. If this is indeed the case, the decline in quotations will continue with targets located about 12 figures […]
To open long positions on EUR / USD pair, you need: Buyers will focus on the return and consolidation above the resistance level of 1.1342, which will lead to a larger upward correction to the maximum area of 1.1369, where I recommend taking profits. In the case of a further decline against the background of […]
The loonie has lost more than 1.0% of its value since last week, however, the currency is awaiting this week’s Bank of Canada (BoC) interest rate decision, which is scheduled to be announced on Wednesday at 1500 GMT. While interest rates are not expected to change, policymakers may adopt a more dovish tone amid heightened fears of a slowing global economy. The BoC is […]
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Large TF: Established over the past 2 years, the trend moved the quotes of the cross down. By the beginning of this year, strong support of large scale was reached, which caused the beginning of the oncoming phase of the movement. Small TF: The bullish wave of January 3 in the larger wave will take […]
Large TF: The wave analysis of the daily scale of the last wave of the graph shows the ascending segment of the schedule of September 21 last year. The structure completed the first 2 parts (A + B). In the last part (C), the price forms the basis for the final push upwards. Small TF: […]
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 […]
The Australian dollar declined today after the RBA made its interest rates decision. The central bank left interest rates unchanged at 1.50% as expected. The bank has not changed rates since July 2016 when it lowered rates by 25 basis points to the current levels. This decision comes a month after the bank lowered its […]
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 […]
