Good morning we are halfway through the working week and it’s time for the daily trading signals. As always we begin with the Euro-Dollar, which has 5 sell signals in both the 1 and 4-hour charts. Outlook is neutral in the daily range. Interbank sentiment is bearish, just like the short and mid term signals. […]
In April, bearish breakdown of 0.7220-0.7170 (lower limit of the consolidation range) allowed a quick decline towards 0.6700-0.6800 where narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum made the bulls fail to maintain enough bullish momentum above 0.6700. On […]
The price zone of 1.1520-1.1420 stands as a prominent demand zone to be watched for bullish rejection and possible bullish pullbacks.The EUR/USD pair is currently trapped between the depicted technical levels (1.1750 – 1.1500). Breakout movement should be anticipated.Bearish breakdown of 1.1520 will probably allow further bearish decline towards 1.1420. Next bearish target would be […]
Morning Report: 07.00 London The US dollar index remains dominant this morning, as emerging market stress continues to generate Greenback interest. The dollar pairs are mixed this morning, with the USD/CAD of particular interest as the Canadian dollar continues to suffer as trade negotiations drag on. The USD/CAD has now risen for five straight days. […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand howCFDs work and 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 […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Daily financial new -September 5th 2018 Related Posts:Technical Analysis of […]
Here are the latest developments in global markets: FOREX: The US dollar is little changed against a basket of six major currencies on Wednesday, holding onto the gains it recorded in the previous session. Staying in North America, the Canadian dollar was a major underperformer yesterday, touching a one-and-a-half-month low against the greenback ahead of the Bank […]
Overview: The EUR/USD pair will continue to rise from the spot of 1.1612/1.1546. The support is found at the levels of 1.1612 and 1.1546, which represents the 50% and 23.6%Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 1.1612/1.1546, while […]
The market sentiment is not doing well, and weaker data from China and fears of trade wars only intensify pessimism. Solid GDP from Australia only served as an opportunity to sell AUD at a better price: AUD jumped after a solid GDP reading from Australia. In the second quarter, the increase was 3.4% (vs. 2.9 […]
During his yesterday’s speech, Mark Carney signaled that he was ready to extend his term of office as the Governor of the Bank of England to guarantee a peaceful Brexit. He announced that he and the chancellor had discussed the issue and that the final decision would be made in due time. He assured, however, […]
The Australian Reserve Bank (RBA), in line with expectations, maintained the cash rate at 1.50%, but this did not hinder the positive reaction of AUD. The most important element of the meeting was the message, where there were few changes compared to the previous month. If they have already taken place, they were positive with […]
Colombia is going to become another country that, like Malta, is a strong leader in Blockchain and virtual currencies. With the development of the cryptocurrency and Blockchain industry, an increasing number of nations began to put emphasis on both sectors. The most important of these is the small island state, Malta, which quickly emerged in […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and 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 […]
The crises process is intensifying in emerging economies, which also affects their markets and supports the demand for the dollar. S&P 500 lost 0.2% on Tuesday and returned under 2900 level, despite the Amazon’s growth of capitalization over $1 trillion. Asian markets are declining after the data on business slowdown in China. The published Services […]
AUDUSD is losing its positive momentum that started the day, while it posted a fresh 25-month low of 0.7156 on Tuesday. The bearish trend could stay in place given that prices continue to fluctuate below the 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, some of the technical indicators are indicating that the pair is […]
It is our pleasure to invite our clients to attend the upcoming forex trading seminar of XM in Thailand, due to be held in three different locations between 6th October and 3rd November 2018. The seminar titled Harnessing Volatility – Bollinger Bands, presented by acclaimed professional instructor Sompop Jittrakul, will reach Chiang Mai on 6th […]
We would like to inform our clients that the upcoming Swedish General Election, which takes place on 9th September 2018, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally. In light of the elections and in order to protect our clients […]
4-hour timeframe Technical data: Higher channel of linear regression: direction – down The lower channel of linear regression. Moving average (20, smoothed) – down. CCI: -96.1615 The GBP/USD currency pair resumed the downward movement after a bit of unexpected growth in the area of 1.30. As of this writing, as the news published about Brussels’ […]
EUR/NZD has broken nicely above the base-channel resistance line. Both confirm that red wave iii is developing and the cross is accelerating higher towards the next target at 1.7820.In the longer-term, we continue to look for much higher levels with the next larger target seen at 1.8369. Support is now seen at 1.7606, which ideally […]
There was no time for a bounce back to 129.85 before the final decline towards the 38.2% corrective target at 128.22. EUR/JPY retested short-term important resistance at 129.14 and then dropped off towards the 38.2% corrective target. It did not quite make it to the low of 128.22, but bottomed at 128.30, which is sufficient […]
When the European market opens, some Economic Data will be released such as Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the Economic Data too such as Trade Balance, so amid the reports, EUR/USD will move in a […]
In Asia, Japan will release the 10-y Bond Auction and the US will release some Economic Data such as Trade Balance. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.22. Resistance. 2: 112.00. Resistance. 1: 111.78. Support. 1: 111.51. Support. […]
https://pepperstone.com/en/forex-news/market-review -GBP, CAD, MXN give ground vs the USD. -ZAR falls hard on Q2 GDP news. -Caixin Services PMI misses and heads in a different direction. -Aussie Q2 GDP shows a clean pair of heels to forecasts. -Eurozone PMI & Bank of Canada on tap. -Then and now – the OECD looks at unemployment. The […]
View more trading resources here: https://pepperstone.com/en/client-resources/webinars Join FX Evolution as they discuss how to trade intraday using fundamental strategies such as EMAs and price action. Related Posts:Trading plan for GBP/USD on April 17. Simple tips for… April 17, 2024 Analyzing Tuesday’s trades:GBP/USD on 1H chart The GBP/USD pair generally…Trading plan for EUR/USD on April 17. […]
AUD / USD On Monday, the Australian dollar technically rebounded from the support of the trend line of the price channel and closed the day with an increase of 20 points. This morning, Australia’s balance of payments for the second quarter was published. The negative balance increased from -11.7 billion dollars, and revised downwards from […]
The Canadian dollar continues to lose its position throughout the market amid disappointing news. The deal announced last week between the US and Canada did not take place, although both the US president and the Canadian prime minister expected the conclusion of a new agreement “from day to day”. Now, the estimated time frame stretched […]
While investors are pondering whether OPEC and Russia will be able to compensate for the decline in Iranian exports, the approach of hurricane Gordon to the coast of the Gulf of Mexico allowed the “bulls” of Brent at arm’s length to approach the psychologically important mark of $80 per barrel. The share of this territory […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 There’s much more to knowing the trend than seeing whether stocks closed in positive or negative territory on any given day. It usually pays to “look under the hood” of the stock market a little deeper. Here’s one of the more important factors to examine. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your […]
• USD/CAD broke resistance level 1.3170 • Further gains are likely USD/CAD continues to rise inside the sharp medium-term impulse wave (3) – which previously broke through the resistance level 1.3170 (which stopped the previous B-wave of the ABC correction (2) from June, as can be seen below). The breakout of the resistance level 1.3170 […]
• Platinum broke daily up channel • Further losses are likely Platinum continues to fall inside the accelerated short-term impulse wave 3 – which recently broke the support trendline of the short-term up channel from August. The breakout of this up channel strengthened the bearish pressure on Platinum and accelerated the active impulse waves 3 […]
