EURUSD is trading increasingly bearish over the past five days, heading towards one-month lows, with the technical indicators pointing to further declines in the short-term period. Yet a rebound could be around the corner. Technically, the price may extend negative momentum in the near term according to the RSI which continues to weaken below its 50 neutral-mark. […]
Earlier this autumn, XM started a charity initiative in the Philippines to proactively contribute to the wellbeing of people struggling with disabilities. By joining forces with KAISAKA, a community-based rehabilitation program for the alleviation of disadvantages of people with disabilities, on 21st September XM visited the urban poor community of Makati in the Metro Manila […]
We have seen a second test of important support at 1.7484 and again this support has proven its strength and protected the downside. We continue for the the underlying uptrend to reassert itself, by a break above minor resistance at 1.7594 and more importantly by a break above 1.7637 confirming that the correction from the […]
We have seen a nice rally in EUR/JPY of the corrective low at 131.18. However, we still need a break above minor resistance at 132.52 to confirm that blue wave (4) has completed and blue wave (5) to 134.04 is developing. Short-term support is seen at 131.70 and if broken then just below at 131.57. […]
Morning Report: 07.00 London The euro remains weak as markets fret over Italy’s budget expansion. The EUR/USD continues to slip lower after yesterday’s failure of the 1.1600 level. The EUR/GBP is unchanged so far, but generally the momentum remains with the pound on Brexit hopes and against the euro on Italy concerns. The EUR/JPY is […]
Trump won an important victory – concluded a new trade agreement with Canada and Mexico At the last moment, one day before the expiration of the NAFTA agreement, the representatives of the USA and Canada managed to reach an agreement. A new trade agreement between the US, Mexico, and Canada was formed – the USMCA […]
https://pepperstone.com/en/forex-news/market-review -EUR and GBP give ground. -Dollar index at 95.40. -The RBA remains cautious on the economy. -Indonesia’s currency hits multi-decade lows. -EZ PPI and Powell speech are calendar highlights. -The EU votes on emissions. -Trade/growth slow down likely winners and losers. The overnight changes and price moves to be aware of by Pepperstone’s Market […]
The wave pattern of the H4 graph: Since the end of March, a rising wave is formed. In the daytime wave, the plot forms the final part (C) of the ascending zigzag which has a pronounced pulse form. The wave pattern of the H1 graph: The July 19th wave formed in the larger model has […]
Trading plan 10/01/2018 Overview: A week of important news in the USA. As always, the beginning of the month is the time of a bundle of important data for the United States: 1 and 3 October – reports on the ISM index in industry and services; 3 and 5 October – employment reports – from […]
To open long positions for GBP/USD, it is required: Buyers managed to keep the support level at 1.3021 and build a small upward correction from it, which led to an update of the resistance at 1.3057, which I paid attention to in my morning forecast. A retest of this level in the second half of […]
September’s PMI index for the British industrial sector pointed to an increase to 53.8 from 53 in August after correction, while it was expected to fall to 52.5. The data is primarily in contrast to the gloomy readings from Euroland, however, the GBP does not find any impulse for growth in the report. First of […]
On September 13, the GBP/USD pair was testing the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090. Since then, the pair has been demonstrating a successful bullish breakout so far. This price zone (1.3025-1.3090) also corresponds to 50% and 61.8% Fibonacci levels. Currently, this price zone turned to become a prominent […]
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 (recent bearish engulfing weekly candlestick). Recently, the price level of 1.1500 offered temporary bullish recovery. Another bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the […]
Markets differ on the outlook for the US economy, which also affects the inconsistency of forecasts for the dollar. On the one hand, the outcome of the Fed meeting was perceived positively by the markets, as the forecasts remained stable, and the unanimity of the FOMC members at the rate did not allow doubting the […]
To open long positions for GBP / USD, you need: Today, the buyers of the pound need a portion of good fundamental statistics that will help to keep the pair above the support level of 1.3021, and the formation at this level of false breakdown will be the first signal to open long positions in […]
4-hour timeframe Technical data: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -131.7658 The British pound sterling also began to fall in price against the US currency. If at least one purple bar was formed in the EUR / USD […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -119.4921 The currency pair EUR / USD on Monday, October 1, continues its downward movement without any signs of an upward correction. After the Fed decided to […]
To open long positions on EUR / USD you need: The Friday’s inflation data led to a further decline in the euro, but in the second half of the day, there was a fixation of profits. At the moment, buyers need to stay above the level of 1.1587 or create a false breakdown on it, […]
4h The EUR / USD currency pair fixed under the correction level of 38.2% – 1.1620. As a result, the process of falling quotations can be continued on October 1 in the direction of the next correction level of 50.0% – 1.1558. The Fibonacci grid was rebuilt. Above the level of Fibo 38.2% of quotes […]
4h The GBP / USD currency pair reversed in favor of the American currency and consolidation below the Fibo level of 23.6% – 1.3067. As a result, the fall in quotations continues today in the direction of the next correction level of 0.0% – 1.2662. The ripening divergence on October 1 is not observed. Fixing […]
It’s time for the Dukascopy Economic Calendar, where we take a look at the potential market movers scheduled for publication on Tuesday the 2nd of October. A relatively short calendar today, starting off with UK CIPS Markit Construction PMI for September and this comes at 8-30AM. Previous report showed a mild improvement at 52.9, but […]
Wave pattern graphics H4: The main trend of the euro this year looks at the “south” of the chart. A large-scale support zone has been reached. Wave pattern graphics H1: Since mid-August, an ascending wave structure is being formed. The wave level of motion allows you to wait for the continuation of the wave at […]
Published on Sunday, economic statistics from China indicate a negative impact of the trade war between the US and China, which is already affecting the economy of the latter. Presented September values of the index of business activity in the manufacturing sector (PMI) showed a decline greater than expected, to 50.8 points against 51.3 points […]
Dear colleagues. For the Euro / Dollar currency pair, we expect further downward movement after the breakdown of 1.1570. The currency pair Pound / Dollar is following the descending structure of September 20 and we consider the movement upwards as a correction. The currency pair Dollar / Franc is following the development of the upward […]
Trend analysis (Figure 1). On the weekly chart this week, the price, according to technical analysis, will once again try to move up with the first goal of 1.3148, 21 average EMA (black thin line). The second scenario is unlikely, but this movement is down with reaching the support line of 1.2940 (white thin line) […]
Trend analysis (Figure 1). The price in October will try again to break through the sliding line of 38.2% – 1.1780 (blue dashed line), which means that the closest target when moving up will be at this level. Fig. 2 (monthly schedule). Comprehensive analysis: – Indicator analysis – up; – Fibonacci levels – up; – […]
GOLD PRICES slipped Monday morning, writes Atsuko Whitehouse at BullionVault, dropping to $1185 per ounce as China’s gold market shut for the week-long National Day holidays and the United States reached a “last minute” trade deal with Canada overnight. Tokyo’s Nikkei 225 Stock Average rose to its highest close since 1991, but other Asian […]
Trading recommendations: According to the H1 time – frame, I found that price is trading inside of the potential bearish flag, which is a sign that buying looks risky. In my opinion, the potential upward correction (abc flat) may end hear the price of $6,600. My advice is to watch for a potential breakout of […]
Recently, Gold has been trading sideways at the price of $1,185.00. According to the H1 time – frame, I found the hidden bullish divergence on the MACD oscillator in the background, which is a sign that selling looks risky. I also found the intraday supply trendline and my advice is to watch for potential breakout […]
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1569. Anyway, most recently, I have found that breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found the breakout of the downward channel, which is another sign […]
