USDJPY printed its second day of gains, touching the 109.20 resistance. However, currently, the pair is paring some of these gains, failing to exit the narrow range within the 107.80 support and the 109.20 resistance in the very short-term. Chances for an upside reversal are increasing as the MACD oscillator recorded a bullish cross with its trigger […]
GBP/USD The political situation in the UK surrounding Brexit quickly subsided. Yesterday, the Parliament even managed to vote against the vote of no confidence in the May government, which removed the risk of reassigning the entire Cabinet of the government and, as the most, new re-elections. Now Theresa May is working to agree on a […]
4h The currency pair EUR / USD continues the process of falling in the direction of the correctional level of 23.6% – 1.1358. Rebounding the quotations of the pair on January 17 from the Fibo level of 23.6% will allow traders to expect a reversal in favor of the euro currency and some growth in […]
4h The currency pair GBP / USD on the 4-hour chart completed a return to the correction level of 50.0% – 1.2869. Resetting the pair from this level will allow traders to expect a reversal in favor of the American currency and a new drop in the direction of the correctional level of 38.2% – […]
Gold price remains trapped inside the triangle pattern. The price has tested the upper triangle boundary several times and it got rejected each time. Despite the dollar strength, the Gold price did not break below the lower triangle pattern boundary either. If the dollar starts to weaken, we may see the final leg higher in […]
AUD/USD The Australian dollar stopped the market-leading correction, having received a strong resistance to the balance line of the daily timeframe. Currently, the price is already below the Krusenstern line. This line shows the trend direction and the price trend. The daily horizontal line is a side trend, but the price is below the line, […]
The EUR/USD pair remains below 1.14, but still holds around the 61.8% Fibonacci retracement level of the rise from 1.13 to 1.1570. There are some indications that we may at least see a bounce from the current levels if not a new move higher above 1.1570. Green line – major trend line support Light blue […]
The general state of the economy: Growth “moderate” and “very moderate” in 9 Federal Districts out of 13. Total sales are growing but auto sales have not increased. Most counties report slower growth, especially in the automotive and energy sectors. Labor market: Most districts mark a strong demand for labor and difficulty finding workers of […]
On Wednesday, news from Europe was positive: there has been a reversal in the crisis of Britain. Despite the crushing failure of the Parliament agreement with the EU. Signed earlier by Prime Minister May, – on Wednesday, the Parliament expressed confidence in Prime Minister Theresa May – albeit with a very small majority (326 to […]
According to the Energy Information Administration of the Ministry of Energy, commercial oil reserves in the US (excluding strategic reserves) declined by 2.7 million barrels, or 0.6%, to 437.1 million barrels. Analysts predicted a decline in stocks of only 1.32 million barrels, to 438.38 million barrels. Oil production in the United States increased by 200 […]
When the European market opens, some economic data will be released such as Spanish 10-y Bond Auction, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US will also publish the economic data such as Natural Gas Storage, Unemployment Claims, and Philly Fed Manufacturing Index, so amid the reports, the EUR/USD pair […]
In Asia, Japan will not release any economic Data today, while the US will publish some economic data such as Natural Gas Storage, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. […]
The EUR/NZD pair is approaching its resistance at 1.6886 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.6770 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated. EUR/NZD […]
The EUR/AUD pair is approaching its resistance at 1.5981 (100% Fibonacci extension, 23.6% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.5877 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated. EUR/AUD […]
4-hour timeframe The amplitude of the last 5 days (high-low): 94p – 73p – 156p – 112p – 246p. Average amplitude for the last 5 days: 136p (106p). The British pound sterling on Wednesday, January 16th, is not moving. Traders, with such a feeling, do not know what to do next. On the one hand, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 121p – 85p – 83p – 31p – 108p. Average amplitude for the last 5 days: 86p (76p). On Wednesday, January 16, the EUR/USD currency pair plummeted to the support level of 1.1386 and, by and large, stood all day in one place. Despite the […]
For the second week, the pair is trading outside the monthly short-term of January. This allows you to use any reduction to search for favorable purchase prices, since the probability of returning to the zone is 90%. Today, the pair has once again returned to the monthly short-term of January. On the path of growth, […]
The pair has been trading for the second week within the monthly CP of January. This increases the likelihood of a downward correction or reversal movement. The first signs of the proposal are already visible. The test of the monthly CP of January led to the appearance of a major offer. Today, a model is […]
Recently, the GBP/USD pair has been extremely volatile in the last 24 hours due to the Brexit news. However, I found that buyers and sellers agreed to operate in a range within 1.2895 (resistance) and 1.2835 (support), which is a sign that market is in the balance regime. My advice is to watch for a […]
Recently, Gold has been trading sideways at the price of $1,292.00. Gold is in a big consolidation phase and the best thing to do is to wait for the confirmation and for a breakout. The overall trend is still bullish and I would advice you to watch for a bullish breakout. The key resistance level […]
There is a possibility that British Prime Minister Theresa May will resign within a few days after a devastating vote. Still, Nomura does not believe in tough Brexit, waiting for the stabilization of the political situation in the country and the growth rate of sterling. Thus, currency strategists explained the opening of a short position […]
Netflix will release its earnings report for Q4 on Thursday, after Wall Street’s closing bell. Beyond the actual earnings numbers, markets will also dissect the firm’s subscriber growth to gauge its future prospects. The management’s guidance on that subject, as well as their expectations around revenues following the latest hike in monthly subscription charges, will […]
Bitcoin has been struggling at the edge of $3,500-600 area for a few days in a row. The price is expected climb higher if it can breach above the dynamic resistance of 200 EMA. The price has managed to create higher lows while consolidating at the edge of $3,500-600 area. The price is being held […]
Let’s take a look at the potential FX market movers scheduled for publication on this Thursday. The Bank of England Credit Condition Survey for the final quarter of last year opens this agenda at 9:30 in the morning. The final Euro Zone Consumer Price Index for December is up next at 10 AM. According to […]
GBPAUD is advancing above the 20-simple moving average (SMA) today in the daily timeframe, approaching the 23.6% Fibonacci retracement level of the upleg from 1.5725 to 1.8730, around 1.8015. The technical structure is not looking very positive at the moment with the MACD trying to post a bullish cross with its trigger line, while the RSI is […]
After reaching the maximum values recorded for the first time since mid-June, the course of the yellow precious metal is stuck in a limited range. The gold rally stalled on the outskirts of the mark at $ 1,300. “The longer the bulls remain idle, the more active the talk that the XAU / USD pair […]
Since Mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel (The Blue one). Shortly after, a quick bearish decline was demonstrated towards the price level of 1.2500 where bullish recovery (Bullish Head & Shoulders pattern) could take place on December 12. […]
To open long positions on the GBP / USD pair, you need: As I think you all already know, the British Parliament voted against the Brexit agreement, which was quite expected. Today’s inflation data in the UK, which coincided with the forecasts of economists, also did not allow to determine the future direction of the […]
China will report GDP growth figures for the fourth quarter of 2018 early on Thursday at 0200 GMT, potentially injecting further volatility to the markets as investors search for more convincing clues on how bad the US-Sino trade war can hurt. Forecasts are for a slightly smaller annual expansion of 6.4%, the lowest rate achieved […]
EURJPY has been moving within a sideways channel over the last couple of weeks with upper boundary the 125.05 resistance and lower boundary the 123.40 support. Currently, the price is consolidating below the simple moving averages as well as below the 38.2% Fibonacci retracement level of the downward movement from 133.10 to 118.57. According to the technical […]
