Find out how the interbank compares with the technicals at 8 AM GMT. These are the Dukascopy Daily Trading Signals. Euro/Dollar has 5 neutral signals in both the 1 and 4-hour charts. The long term models are mostly pointing lower. Interbank sentiment is neutral, matching the short and mid term technical studies. Pound/Dollar has green […]
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AUDUSD started the week on the downside but the 20-day moving average (MA) seems to be keeping the pair under control as the price looks to be reversing higher today after failing to cross below the line yesterday. In the short-term, expectations are for a sideways move as long as the MACD fluctuates around its red […]
Ethereum Elliott Wave analysis for 23/01/2019: The market has tested the technical support again Technical market overview: After the triangle breakout to the downside, the price has tested the technical support at the level of 108.46 and bounced towards the level of 116.80. This market behavior indicates the bulls are defending the support yet again […]
Technical outlook: A 4-hour chart has been depicted here for a larger view of waves forming in Gold since last several months and also going forward. Gold is seen to be trading around $1,283/84 levels at this point, very close to fibonacci 0.618 resistance of the entire drop between $1,265 and $1,160 levels respectively. Please […]
GBP/JPY dipped to a low of 140.63 before moving higher again as expected. We are looking for upside acceleration towards the 145.17 and likely even closer to 147.71 as the next hurdles on the way towards 151.90 in wave iii. Support is now seen at 141.35 with key support at 140.63, which should be able […]
As long as resistance at 124.93 is able to cap the upside a more complex correction in wave ii remains possible for a second decline to 122.70. If, however resistance at 124.93 gives away the alternate count comes into play. Under this count wave ii completed already with the dip to 123.40 and wave iii […]
Technical outlook: We have presented a daily chart view for US Dollar Index to get a medium-term outlook and direction for the underlying. The US Dollar Index has been rallying from 88.30 through 97.00 levels between February and August 2018, and has produced a 5-wave impulse as depicted here. Please note that an impulse is […]
Morning Report: 07.00 London The dollar index is slipping back slightly as global risk appetite returns. The AUD/USD is performing well following yesterday’s sub-par performance, recovering half of yesterday’s losses. The EUR/USD is also on the rise, bouncing off support around 1.1350. The GBP/USD is lagging though following yesterday’s rally that saw it push towards […]
https://pepperstone.com/en/forex-news/market-review -US stocks head lower on a cocktail of concerns -AUD, NZD and CNY make gains versus the greenback -The Brazilian real is on the backfoot after Bolsonaro’s speech -The BOJ no change to rates or QE but it trims its inflation outlook -Japanese imports and exports show a slowdown -World leaders queue up to […]
In anticipation of the next meeting of the European Central Bank (ECB), which will be held this Thursday, the euro will remain under pressure. Concerns about the slowdown in the global economy, expectations of the dovish sentiment of the ECB, as well as high demand for safe-haven assets, allowed the “bears” on EUR/USD to continue […]
The EUR/GBP pair is testing its support at 0.8763 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.8866 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is nearing its support at 1.7% where a corresponding bounce is anticipated. EUR/GBP […]
The EUR/GBP pair is testing its support at 0.8763 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.8866 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is nearing its support at 1.7% where a corresponding bounce is anticipated. EUR/GBP […]
The CHF/JPY pair is testing its support at 109.53 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where the price is expected to bounce up to its resistance at 110.31 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is nearing its support at 4.4% where a corresponding bounce […]
When the European market opens, some economic data will be released such as Consumer Confidence. The US will also publish the economic data such as Richmond Manufacturing Index, and HPI m/m, so amid the reports, EUR/USD will move in a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1422. […]
In Asia, Japan will release the All Industries Activity m/m, BOJ Policy Rate, Monetary Policy Statement, and Trade Balance. The US will also publish some economic data such as Richmond Manufacturing Index, and HPI m/m. So there is a probability the USD/JPY pair will move with a low to a medium volatility during this day. […]
In this video, Chris Weston looks at how liquidity is driving markets, and how markets are impacting the thought process of central banks. Chris looks at the the key themes and debates that should drive markets in 2019 Website: https://pepperstone.com/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Subscribe: https://bit.ly/2NlF6rI Related Posts:USD/JPY: Simple trading tips for novice traders […]
Tomorrow, the Bank of Japan will hold its first meeting this year. Traditionally, investors do not expect the Japanese regulator to take any action on the parameters of monetary policy: the central bank will continue to purchase bonds for 80 trillion yen a year, the interest rate on deposits will remain at the level of […]
British Prime Minister Theresa may could not inspire traders yesterday: the presented “plan B” was more like a declaration of intent than a strategy for further action. By and large, the prime minister again tried to convince the deputies of the absence of any alternative to the agreement reached. At the same time, at the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 246p – 72p – 169p – 136p – 80p. Average amplitude for the last 5 days: 140p (147p). The British pound sterling on the second trading day of the week, January 22, completed the correction, rebounding from the critical Kijun-sen line. Thus, despite the complete […]
4-hour timeframe The amplitude of the last 5 days (high-low): 108p – 47p – 36p – 58p – 34p. Average amplitude for the last 5 days: 57p (56p). The EUR/USD currency pair on Tuesday, January 22, continues the weakest movement downwards. The volatility of the pair in the last 4 days is low, and today […]
Theresa May presented to a new plan to Parliament for secession from the European Union, but no reaction followed. The fact is that while nothing is known about its content, and parliamentary discussions are scheduled only for January 29th. Considering that the Parliament was able to see this very “Plan B” only in the evening, […]
GBP/USD is testing major trend line support and we look to buy at 1.2835 (ascending trend line support, horizontal swing low support) for a bounce to at least 1.2911 profit target (horizontal swing high resistance) The material has been provided by InstaForex Company – www.instaforex.com Related Posts:XM’s Heartfelt Ramadan Iftar Support April 15, 2024 In […]
CAD/CHF is testing major trend line support and we look to buy at 0.7492 (ascending trend line support) for a bounce to at least 0.7518 profit target (horizontal swing high resistance) The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD. Correction or trend reversal? April 18, 2024 The GBP/USD pair shows that […]
AEX is testing the major channel resistance and we look to sell at 510.6 (descending channel resistance, horizontal overlap resistance) for a drop to at least 501.1 profit target (horizontal pullback support). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 19-22, 2024:… April 19, 2024 […]
Bitcoin has been correcting itself between the corrective price range between $3,500 and $3,600 which recently rejected off the $3,500 support area with strong bullish momentum. The price is currently moving higher towards the Kumo resistance area where the 200 EMA is also holding as dynamic resistance. After the bearish rejection below $3,500, BTC is […]
Fundamental data released on the UK economy in the first half of the day helped the buyers of the British pound, but a more powerful upward momentum was not formed due to the lack of a clear guideline with a further agreement on Brexit. Yesterday, British Prime Minister Theresa May said that Brexit talks would […]
Trading recommendations: BTC failed to reach the Pitchfork median line, which is a sign that sellers are loosing power and the demand may increase. There is also a breakout of the Pitchfork diagonal (resistance) which is another confirmation of strength. The key support at the price of $3,420 held successfully and I expect further bullish […]
EURAUD retreated back to the 1.57 region after it found strong resistance on the almost 10-year high of 1.6658 but is currently challenging again the 23.6% Fibonacci level of the upward move from 1.3625 to 1.6658, which is around 1.5940. The bullish correction is confirmed by the technical indicators. The stochastic oscillator has steeply bounced back above its 20 oversold level, while the […]
Gold is expected to move higher towards $1,294.00 (resistance cluster) as long as the support at $1,276.00 is holding. Gold failed to test the Pitchfork median line, which is a sign that selling power decreased. Stochastic is in the oversold zone together with hidden bullish divergence, which adds more potential strength on Gold. Only a […]
