Wave counting analysis: During the trading on December 13, the GBP / USD currency pair added about another 20 basis points more. Thus, the estimated wave 5, a, is considered complete at this stage. If this is indeed the case, then the instrument has moved to the construction of a correction wave b. However, a […]
Bitcoin is gradually losing ground. Now the benchmark cryptocurrency is hanging around $3,500 but it is increasingly sophisticated to stay there. On Friday morning, the benchmark cryptocurrency is trading at around $3,300, weakening support around this level could result in a new sale. And in this case, there is a high probability that the BTC […]
The Federal Reserve’s policy meeting will be the main attraction next week as speculation grows the US central bank could signal slowing down the pace of rate hikes. Policy meetings by the Bank of England and Bank of Japan are not expected to draw as much attention. Instead, economic data will be grabbing the headlines […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD currency pair lost several points. The trend segment, taking its beginning on November 28, takes a horizontal shape and still belongs to the estimated wave from the corrective trend segment. Thus, this wave takes on a very complex internal structure, but […]
Trend analysis (Fig. 1). On Friday, according to the technique, it is possible to move upwards with the first goal of 1.1394, the upper fractal. When breaking through, the continuation of the upper work. Fig. 1 (daily schedule). Comprehensive analysis: – Indicator analysis – up; – Fibonacci levels – up; – Volumes – top; – […]
Trend analysis (Fig. 1). On Friday, the uptrend with the first target of 1.2700 is the historical resistance level (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – Indicator analysis – up; – Fibonacci levels – up; – Volumes – up; – Candlestick analysis – up; – Trend analysis – up; – Bollinger lines […]
Large-scale graphics: The price of gold on the daily scale of the chart since the beginning of the year has been consistently shifted down. Some diversity was introduced by the oncoming wave of the scale H4, which became a correction in the main structure. Medium scale graphics: The price of the tool since August 16 […]
Markets maintained their usual intraday volatility last week, however, they had relatively un-dramatic closing levels compared to the previous two weeks. Wall Street was still trading over 1000 points lower than levels seen at the start of the month, with the signature German index some 670 points down from the start of December – casting […]
Silver reversed from resistance area Further losses are likely Silver today reversed down from the resistance area lying between the key resistance level 14.80 (which has been reversing the price from the start of October), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from July. The downward reversal from this […]
AUDUSD broke support level 0.7200 Further losses are likely AUDUSD continues to fall inside the medium-term ABC correction (B) – which started earlier from the resistance area lying between the key resistance level 0.7380 (which also reversed the price in August), 200-day moving average and the upper daily Bollinger Band. The pair today broke the […]
Intel’s stock fell sharply after touching an 18-year high of 57.57 in early June, before finding support around 42.30, a low last seen in February, and subsequently rebounding somewhat. However, given that the stock recently posted a higher high of 50.50, and price action is taking place above the 50-day simple moving average (SMA), the […]
The morning session is over on this Friday; let’s look back at rate FX movements and trader expectations. Euro/Dollar dropped by 83 pips to trade point 69 percent in the red at noon. Trading has been active, volume is high and neutral sentiment of the traders is 6% long. The sharp decline suggests a successful […]
Copper futures with delivery on March 2019 have been trading in a symmetrical triangle pattern over the last four months. Currently, the price is trying to slip below the 23.6% Fibonacci retracement level of the sharp downward movement from 3.3290 to 2.5485, around 2.7329 as well as below the 20- and 40-simple moving averages (SMAs) […]
NZD/USD is currently quite impulsive with the bearish pressure, breaking below the 0.6850 area. Amid the recent economic reports and fundamental events, USD has managed to gain momentum over NZD, and this gain is expected to continue further. New Zealand has been trying to improve its current banking system. RBNZ being stubborn about the interest […]
USD/CAD has been quite non-volatile with the recent bullish gains which is expected to lead the price towards 1.3450 resistance area in the coming days. Despite the softer rhetoric of the US Fed on monetary tightening and downbeat employment reports, USD managed to sustain the bullish momentum over CAD which is expected to turn a […]
Overview: The USD/CHF pair continue to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, the price is moving in a bullish channel now. There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 1.0142 or […]
Risk Warning: 69.39% 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 weak data from China is putting pressure on the world markets since Friday morning, but it is worth mentioning that even before that, on Thursday evening, the American markets has turned downward, reflecting investors uncertainty in economic prospects. Recent data from China noted the lowest growth rate of retail sales since 2003. Industrial production […]
EURCHF remains on a soft footing, trading firmly below both its 50- and 200-day simple moving averages (MAs), which keeps the broader outlook cautiously negative. That said, a decisive break below the August lows of 1.1180 is required to signal that the broader downtrend is back in force. Short-term oscillators mostly support a negative bias. […]
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1330. The resistance is seen at the level of 1.1338 and 1.1390. Moreover, the price area of 1.1390/1.1338 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD pair will move downside and the […]
Since Mid-November, the GBP/USD pair failed to establish a successful bullish breakout above the price level of 1.2880 (the upper limit of the depicted consolidation range). On the other hand, two unsuccessful bearish breakout attempts were demonstrated below 1.2720 during last week’s consolidations. During Friday’s consolidations, the GBP/USD pair failed to fixate above 1.2780 (79.6% […]
Make sure your broker’s price feed quality isn’t stopping you from performing at your best on this Friday by watching the Dukascopy Spike Controller. Euro/Dollar’s daily average spread is point 38 pips and peak separation has been 3.5 pips. Both of the sides were 2.1 pips apart during the past hour. Euro dropped against the […]
On December 14, following a fairly large sell-off from the $3,400 region, the Bitcoin price dropped to a new yearly low at $3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11 […]
Janet Yellen is worried about the next financial crisis and told a small, intimate audience at an event Wednesday night in Washington, D.C., that her biggest concerns were the potential for reversal of financial safeguards put in place after the crisis and growing corporate debt. One of the most important questions she and her colleagues […]
Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3 percent. Japan’s Nikkei, also dragged down […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
Risk Warning: 69.39% 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 […]
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Risk Warning: 69.39% 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 […]
GBPJPY has declined considerably after touching several times the 143.90 resistance level in the previous daily session. In the short-term the bias seems to be negative, while on the daily chart the pair remains in a sideways channel over the last four months with upper boundary the 149.50 resistance and lower boundary the 141.15 support. Technically, on the 4-hour chart, […]
