The growth momentum of the euro, received last week, ran out of fuel, and did not end with a strong movement. The euro has returned to the range – again. There was not enough positive news – but the market is full of pessimism. Nevertheless, we are waiting for the beginning of the movement after […]
Wave counting analysis: On February 5, the GBP / USD pair lost 85 bp, so the wave pattern suffered certain changes due to the fact that according to the previous markup, wave 4 went beyond the maximum of wave 1. The entire upward trend segment, taking its beginning on January 3, was transformed in the […]
On Wednesday, the price will continue to move down. The first lower target of 1.1377 is the recoiling level of 61.8% (blue dashed line). Then the top is possible. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis – up; – […]
Aussie plummets as RBA Governor changes tune, puts rate cut on table Pound dives after weak services PMI reinforces speculation for dovish BoE US stock markets cruise to fresh two-month highs RBA Governor reacquaints aussie with gravity The Australian dollar is in freefall early on Wednesday, losing more than a cent against its US counterpart, […]
Wave counting analysis: On Tuesday, February 5, trading ended for EUR / USD by another 35 bp decline. Thus, the current wave counting retains its integrity and implies the continuation of the construction of the downward wave 3 with targets located near the level of 0.0% Fibonacci and below. Even with the fulfillment of the […]
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AUDJPY came under strong pressure on Wednesday, with the price reversing all the gains made earlier this month. The pair is currently testing the 200-period moving average (MA) in the four-hour chart and the bottom of the Ichimoku cloud but the RSI and the Stochastics warn that the downfall is overstretched, as the former is […]
Trend analysis (Fig. 1). On Wednesday, the price will continue to move down. The first lower target 1.2920 is the recoiling level of 38.2.% (Blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis – up; – trend analysis […]
Trading plan for 06/02/2019: The message of US President Trump was without major surprises and the rest of the market went through the night in peace. The declines in USD appeared after Trump’s words suggesting that the investigations carried out against him pose a threat to economic development. On the theme of the wall on […]
Bitcoin Elliott Wave analysis for 06/02/2019: The market is trading just above the support, breakout lower is expected Market technical overview: The BTC/USD pair might have just completed the wave B corrective cycle and might be ready to drop lower, first towards the level of $3,385 and then towards the level of $3,223. This wave […]
Morning Report: 07.00 London The dollar index is surging higher on the back of Trump’s early morning State of the Union address which revealed a new summit with North Korea’s Kim. Dollar pairs are firmly on the back foot, with the selling led by the Australian dollar. The AUD/USD is seeing its biggest fall outside […]
GBPAUD is advancing considerably today following the bounce off the 1.7860 support level and successfully surpassed above the 20- and 40-simple moving averages (SMAs) in the daily timeframe. Momentum indicators suggest that the market sentiment might get even better as the RSI is reversing back to the upside entering in positive territory. The stochastic also looks […]
To open long positions on EURUSD you need: The previous day’s statistics for the eurozone did not immensely delight buyers of the euro. At present, the first signal for opening long positions may be a false breakdown in the support area of 1.1395-1.1390, however, larger euro buyers will emerge at a new low in the […]
To open long positions on GBP/USD you need: Buyers of the British pound are not yet in the market. Only an update of yesterday’s low in the support area of 1.2915-1.2910, with the formation of divergence on the MACD indicator, will lead to the formation of an upward correction with a large resistance test of […]
GBP/USD The British pound is rapidly approaching the important support of the Krusenstern line on a daily scale (1.2880), the overcoming of which will open the target of 1.2625. But now the downward trend has intensified by the transition of the signal line of the Marlin oscillator to the zone of negative numbers (daily). We […]
https://pepperstone.com/en/forex-news/market-review -EURUSD lower by stealth over the last week -AUD slips 1.28% and drags NZD lower vs USD -Dollar Index is back above 96 -RBA governor Lowe spooks the market with rate cut talk -Trump and Kim to hold a second summit -Trends in the industrial demand for Gold The overnight changes and price moves […]
EUR/USD On Tuesday, the euro lost 32 points and did the main thing on this day to form the conditions for further movement – it was fixed under the balance lines and Krusenstern on the daily scale chart. The situation is similar on the four-hour chart. The signal line of the Marlin oscillator on a […]
When the European market opens, some Economic Data will be When the European market opens, some economic data will be released such as German Factory Orders m/m. The US will also publish the economic data such as 10-y Bond Auction, Crude Oil Inventories, Trade Balance, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, so […]
In Asia, Japan will not release any economic data today, but the US will publish some economic data such as 10-y Bond Auction, Crude Oil Inventories, Trade Balance, Prelim Unit Labor Costs q/q, and Prelim Nonfarm Productivity q/q. So there is a probability the USD/JPY pair will move with a low to a medium volatility […]
For yesterday’s trading day, the currency pair Pound / Dollar showed a low volatility of 73 points, while maintaining a downward interest. From the point of view of technical analysis, we see how the quotation has gone into the boundaries of the range level of 1.3000 / 1.3050, which forms sluggishly. Information news background continues […]
The growth impulse for EURUSD, received last week, was not enough to start a movement. The picture looks like a return to the range on Tuesday morning. There are no important news that can give the market a strong push – opportunities, such news will appear in the coming days. We keep buying from 1.1395 […]
The euro has once again dropped against the background of data in which stagnation is noted in the economies of Italy and France. Only the prospect of growth in the German economy keeps the EURUSD from a larger downward movement. According to today’s report, the Purchasing Managers Index (PMI) for the eurozone services sector remained […]
4-hour timeframe The amplitude of the last 5 days (high-low): 144p – 90p – 62p – 72p – 74p. Average amplitude for the last 5 days: 88p (88p). After several days of deliberation, the British pound sterling went down, as we had expected. At the moment, the second support level of 1.2942 has been developed. […]
4-hour timeframe The amplitude of the last 5 days (high-low): 39p – 96p – 78p – 54p – 37p. Average amplitude for the last 5 days: 61p (64p). The European currency paired with the US dollar, slowly but surely, continues to move down. During the day, business activity indices in the services and production sectors […]
Employment data out of New Zealand will be watched on Thursday (Wednesday, 21:45 GMT) as investors try to gauge the Reserve Bank of New Zealand’s next move ahead of the central bank’s policy meeting the following week. Recent economic indicators from the country have been showing an improving trend, lessening the need for a rate […]
Key indicators out of Germany will be in focus this week as investors assess the health of the Eurozone’s industrial powerhouse for the month of December. Industrial orders will be watched first on Wednesday, followed by industrial production numbers on Thursday and trade figures on Friday, all due at 0700 GMT. After a dismal second […]
According to experts of the investment bank Morgan Stanley, despite the fact that the position of the US currency is still strong, its prospects in the medium and long term look far from optimistic. “Markets today underestimate the potential for weakening the greenback, taking into account shifts in the course of the US Federal Reserve […]
Rumors of problems with global positions make it possible for the “bulls” on the North Sea oil to feel comfortable near the maximum levels for the last two months. The factor of US sanctions against Venezuela is, to a large extent, taken into account in futures quotes, but the fact that the European Union has […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. Bullish fixation above 1.1420 was needed to […]
The upward movement remains an impulse, therefore the important level of support is the a CZ 1.1422-1.1413. The test of the specified zone should be considered for the appearance of demand and the pattern for purchases. If this happens, the first goal will be the maximum of last week. Further targets will be measured from […]
