To open long positions on EUR / USD pair, you need: In the afternoon, the entire calculation will be on the inflation data in the United States. They will only be able to lead a change in the situation on the market, which is lateral in nature. Buyers are required to return to the resistance […]
The big picture: Shutdown in the United States and the Brexit agreement in the British Parliament. In the British Parliament, the debate began on an agreement with the EU. According to the mood in the parliament, Theresa May can not get a majority. Voting is next Tuesday on January 15. The second topic is the […]
It’s midpoint of this week’s last trading, so let’s look back at the performance of the market players. Euro/Dollar rose slowly by a total of 35 pips and a gain of point 21 percent has been posted. Traded volume is average and neutral sentiment of the traders is leaning towards the short side by 12 […]
GBPCAD slipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the five-month high of 1.7495 resistance level reached on 1.7495. The pair has been trading within an ascending sloping channel over the last five months, despite the upside spike towards 1.7495. The RSI indicator keeps moving slightly […]
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Global equity markets staged a comeback last week after Chinese and US teams ended trade talks in Beijing, with officials saying further details will be released soon. This raised hopes that an all-out trade war that could badly disrupt the global economy can be avoided. Indices rebounded to hit near four-week highs, taking the lead […]
Overview: The USD/CAD pair has dropped sharply from the level of 1.3419 towards 1.3181. Now, the price is set at 1.3297 and acts as a daily pivot point. It should be noted that volatility is very high, so the USD/CAD pair will continue to move between 1.3297 and 1.3181 in the coming hours. Furthermore, the […]
Bitcoin has been quite impulsive and non-volatile with the recent bearish momentum after breaking below $4,000 area with a daily close. The price is currently correcting itself near $3,500-600 support area from where certain pullbacks towards the dynamic level have been observed. The price is expected to push lower towards $3,000 support area in the […]
We are heading towards weekend, but don’t let that be a reason to take the pressure off your broker. Euro/Dollar’s long term average and maximum spreads are point 35 and 3.5 pips respectively. The trend has been shifting for this pair and the biggest move is a decline of point 53 percent or 61 pips. […]
GBPJPY has been in a neutral mode after the price jump above the more than two-year low around 132.48. The technical indicators are turning lower as the price is losing momentum. The RSI indicator is sloping down, failing to surpass the 50 level, while the MACD oscillator is flattening near the zero line in the […]
Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is […]
On Friday, the price will move up. The first upper target 1.1571 is the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – up; – Bollinger lines – up; – weekly schedule – […]
Wave counting analysis: On January 10, the GBP / USD pair lost about 45 bp. Thus, wave 2, 3 or s takes a more complex form and does not go beyond the maximum of December 31, thus maintaining the integrity of the current wave marking and the instrument’s chances of a new decline within the […]
The American dollar regained some of its positions after yesterday’s publication of the European Central Bank’s minutes from the monetary policy meeting, as well as against the background of good data on the US labor market. Speech by Fed Chairman Jerome Powell also reassured traders and investors. Yesterday, US President Donald Trump said that if […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 24.5871 The currency pair GBP / USD on Friday, January 11, corrected to the area of the moving average line, but, unlike the Euro currency, there are no […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 22.4301 The EUR / USD currency pair on Friday, January 11, after a rather small correction, resumed an upward movement, as indicated by the indicator Heikin Ashi. Thus, […]
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 […]
Japan’s 225 stock index (Nikkei 225) gained some ground after dropping to a 15-month low of 19,239 in the first week of the year and is now looking for a cross above the 20-day simple moving average. In the short term the index could consolidate as the RSI is ready to touch its 50-neutral mark, […]
Dollar briefly inches up after Powell; US CPI data today will be crucial Swiss franc drops, with SNB likely behind the move US-China trade optimism boosts aussie and kiwi Brexit uncertainty lingers ahead of next week’s Parliamentary vote Powell helps dollar to rebound briefly, but mind the upcoming inflation data Fed Chair Powell mostly “stuck […]
Gold price has not made a new high yet. Price seems to be moving sideways as we are currently in a very short-term correction/consolidation phase before the next upward wave. Price remains inside the bullish channel and above short-term support so trend remains bullish. Green rectangles – support areas Purple lines – bullish channel Black […]
EUR/USD as expected by our last analysis is pulling back towards 1.15-1.1470 area. I consider this to be a back test of the breakout area and I expect prices to bounce higher towards 1.17 at least from current levels. Red line – major trend line resistance Green line – trend line support As we saw […]
Fed Chairman J. Powell, speaking as part of the discussion at the energy club forum, said that the growth rate of the national debt and the budget deficit are of serious concern and one way or another, they require a solution in the long term. The normalization policy led, among other things, to an increase […]
On Friday, the 11th of January, the eye of all traders should be focused on UK data such as GDP, Industrial Production, and Manufacturing Production. The other important data are from the US in form of Consumer Price Index, UoM Consumer Sentiment, UoM Inflation Expectations and Federal Budget Balance. No speeches are scheduled for today. […]
4h The EUR / USD currency pair fell below the correction level of 50.0% – 1.1517, but after the formation of a bullish divergence at the CCI indicator, it made a U-turn in favor of the EU currency and closed above the level of 50.0%. As a result, on January 11, the growth process can […]
4h The currency pair GBP / USD on a 4-hour chart made a new turn in favor of the American currency after the formation of the second bearish divergence at the MACD indicator. As a result, the process of falling quotations can be continued on January 11 in the direction of the correction level of […]
Here’s how the technical studies line up with the interbank stance at 8 AM GMT on this Friday. Euro/Dollar has mixed signals in the hourly chart. The mid term has 4 neutrals and 4 studies are green in the daily range. Interbank sentiment is strongly bullish, matching the daily signals. Pound/Dollar has neutral signals in […]
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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 […]
USDCAD erased half of its October-December rally, dropping to a one-month low of 1.3179 on Wednesday before turning neutral. According to the RSI the pair is not far away from oversold territory at the moment, as the indicator lies slightly above 30, a sign that a rebound could possibly emerge in the short term. Yet, with the […]
Recently global investors have seen an interesting situation on the market, when the price of Bitcoin, the largest cryptocurrency, fell from 4,050 to 3,800 dollars in a few minutes. Correction with every hour is getting worse. The whole move down erase the profits from January 7, when the BTC / USD, make the same move, […]
