• Wheat rising inside sharp impulse wave 3 • Further gains are likely Wheat continues to rise inside the sharp impulse wave 3 – which started recently from the support area lying between the round support level 500.00, lower daily Bollinger Band and the support trendline of the wide daily up channel from March. The […]
Dear colleagues. For the currency pair Euro / Dollar, we continue to monitor the upward structure from August 23 and the upward movement is expected after the passage at the price of the noise range of 1.1719 – 1.1746. For a Pound / Dollar currency pair, the continuation of the upward movement is possible after […]
Silver turned increasingly bearish after it dropped below the 16.00 key-level, the bottom of its range-bound trading recorded between early February and mid-June, printing lower lows and lower highs until it reached one-year lows at 14.31 on August 16. Since then, the market has been moving sideways, with the RSI and the MACD supporting that […]
In the international currency market, the lack of positive is not a cause for frustration. To grow yourself without any internal drivers, you need to make the opponent feel bad. The dynamics of core inflation in the euro area still leaves much to be desired, consumers are worried about the possible loss of jobs, and […]
Analysis of wave counting: During the trades on Thursday, the currency pair EUR / USD lost about 40 percentage points. Thus, there are still grounds for assuming the completion of the construction of wave 1, a. If this is indeed the case, then from the current position, the pair will continue to decline in the […]
GBP / USD After an upbeat pound on Wednesday, the British currency slid by 18 points yesterday, both due to the overall strengthening of the dollar, and due to the absence of any specifics on some “outstanding” terms from the EU in the proposed trade agreement. Also, the net volume of new loans granted to […]
In April, bearish breakdown of 0.7220-0.7170 (lower limit of the consolidation range) allowed quick bearish 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 […]
As US stock indices break fresh highs, the question on everyone’s mind is how much longer the current bull market can continue. The remarkable resilience of US equities to trade tensions and rising interest rates, combined with a robust US economy, suggest the late-cycle party is unlikely to end over the coming months. Looking further […]
The Australian dollar will fall under the spotlight next week as a raft of data is due to be published out of Australia and the Reserve Bank of Australia holds a policy meeting. However, central bank meetings in Canada and Sweden, where near-term policy changes are on the cards, pose bigger risks for traders than […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.3000. According to the Daily time – frame, I found a bearish harami candlestick pattern in the background, which is a sign that buying looks risky and that selling might be the right play. The price is trading below the cloud, which is […]
Analysis of wave counting: During the trading session on August 30, the GBP / USD pair lost several points and fulfilled the level of 200.0% on the higher Fibonacci grid. An unsuccessful attempt to break this mark signals the readiness of the instrument to build a new downward wave and according to the current wave […]
Support/Resistance Tenkan-sen (yellow line) – $6.679- Downward target – support Kijun – sen (purple line) – $7.072 – Resistance With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of GBP/USD. April 15th. Retail sales in […]
Despite the good data on the economic growth of Canada, as well as the strengthening of oil quotations, the Canadian dollar fell against the US dollar on the back of a lack of results on trade negotiations between the US and Canada. Today, NAFTA should be signed, which will establish trade relations between the countries. […]
First of September is a market holiday in both the US and Canada, but it’s the PMI day on the other side of the Atlantic, so let’s take a closer look. Swiss retail sales stats for July open this agenda at a quarter past 7 in the morning. Sales were just point 3% up from […]
It’s midpoint of this month’s last trading, so let’s look back at the performance of the market players. Euro/Dollar rose slightly early on, but a following slide has wiped out all of the gains. Traded volume is average and neutral sentiment of the traders is almost at an even balance. Bulls had their chances early […]
On Wednesday, the US labour department released the second reading of the GDP growth. The data showed that the economy rose by 4.2% in the quarter, which was better than the expected 4.0%. It was also better than the 4.1% released a month ago. This was a positive data for the American economy, which has […]
The Emerging Markets (EM) are going through a tough period. As an evidence for this, the Argentinian peso is currently near an all-time low despite the decision by the central bank to raise interest rates. The Turkish lira is also near an all-time low against the dollar and the South African rand is at the […]
Sweden is one of the most developed countries in the European Union. The country has a population of 9 million people, a GDP of $511 billion and a GDP per capita of $52,000. In January 2017, the country recorded an annualized GDP growth rate of 1.8%. Since then, this has been growing and is currently […]
GOLD BULLION prices held above $1200 per ounce for US Dollar investors in London trade Friday but neared the end of August lower for the fifth month running. Matching the worst runs of gold’s 1990s’ bear market, that stretch has only been beaten once – back in 1989 – since benchmark London bullion prices […]
Here are the latest developments in global markets: FOREX: Trump’s stubborn stance the previous day aiming to enhance US’s trade protective measures against China and keep the pressure on the EU, shifted funds away from riskier assets, pushing dollar/yen down to 110.78 (-0.16%) and dollar/franc to 0.9666 (-0.23%). The dollar index, which is set to close in the red for the third […]
The markets have been under pressure on Thursday and at the start of trading on Friday, the cautiousness is growing. S&P500 dropped by 0.4% on Thursday, while Dow lost 0.5%. On Friday morning, MSCI for Asia-Pacific region is declining by 0.8%, same as the Japanese Nikkei 225. The events around the Argentine currency were in […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1660. According to the M15 time – frame, I found the breakout of the bearish flag pattern (bearish pattern), which is a sign that sellers are in control and that buying looks risky. I also found a hidden bearish divergence on the stochastic […]
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 […]
Check the fairness of your broker on this week’s last trading day by watching the Dukascopy Spike Controller. Euro/Dollar’s daily average spread is point 33 pips and maximum separation has been 2.3 pips. The pair dropped yesterday by a total of point 57% or 67 pips, before rising from the low of 1 1642. Spreads […]
Overview: The market opened below the weekly pivot point (0.9689). It continued to move downwards from the level of 0.9689 to the bottom around 0.9651. Today, the first resistance level is seen at 0.9728 followed by 0.9776, while daily support 1 is seen at 0.9651. The USD/CHF pair broke support which turned to strong resistance […]
Overview: On the one-hour chart, the GBP/USD pair bullish trend from the support levels of 1.2826 and 1.2929. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]
Productive trade talks between the United States and Mexico last week helped push equity markets northwards, with notable performers being the tech-heavy NASDAQ and the S&P 500 breaking all-time record highs. Unlike we’ve seen in recent weeks, there was little movement to report in the currency markets. However, this is not likely to be the […]
Overview: The AUD/USD pair continued to move upwards from the level of 0.7263. Since yesterday, the pair has risen from the level of 0.7263 (the level of 0.7263 coincides with the ratio of 23.6% Fibonacci Expansion). In consequence, the AUD/USD pair broke resistance at 0.7263, which turned into strong support at the level of 0.7329. […]
Overview: The USD/CAD pair continues to move downwards from the levels of 1.3094 and 1.3048. The pair dropped from the level of 1.3094 to the bottom around 1.2893 then set around the spot of 1.3011. Today, the first resistance level is seen at 1.3094 followed by 1.3132, while daily support 1 is seen at 1.2974. […]
EUR/USD broke out of the bullish channel and pulled back towards short-term support of 1.1650. Price moved below support but did not stay there and reversed to the upside. Price is now below 1.17 and bulls need to break above 1.1715 in order to see new highs towards 1.1750-1.1770. Green lines – bullish channel EUR/USD […]
