On the pair, a local accumulation zone was formed between the two control zones. The a control zone (KZ) resistance is at 1221.13-1219.58, formed from the August low, and support is a weekly short-term order of 1203.68-1200.58. The downward movement remains a priority while the pair trades below the a control zone of 1221.13-1219.58. The […]
Finally, EUR/NZD broke clear above resistance at 1.7224 to confirm that red sub-wave iii higher towards 1.7510 is developing. Resistance at 1.7510 should not be able to hold back the ongoing rally for long and once cleared the next target to look for is seen at 1.8369 on the way higher to our long-term outstanding […]
The leader of the precious metals sector, who marked its worst start in the last decade, managed to take a breather due to the strengthening of the Chinese yuan and the Japanese yen against the US dollar. The strong US currency has become the main culprit of the XAU/USD pair slumping by 7% since the […]
4-hour timeframe Technical data: Upper linear regression channel direction – down. The lower channel of linear regression: direction – down. Moving average (20, smoothed) – down. CCI: -86.4419 On August 7, the GBP/USD currency pair was trading near the Murray level “0/8” with a minimum range of movements against the background of the complete absence […]
• EURGBP broke resistance zone • Further gains are likely EURGBP continues to rise after the recent breakout of the resistance zone lying at the intersection of the primary resistance level 0.8950 (which has been reversing the price from last November) and the resistance trendline of the daily up channel from April. The breakout of […]
• Palladium falling inside minor impulse wave (iii) • Further losses are likely Palladium continues to fall inside the minor impulse wave (iii) which started recently from the resistance zone lying between the resistance level 935.00 (former support from June and July) and the 50% Fibonacci correction of the previous downward impulse from June. The […]
EURGBP has risen sharply from its lowest since around mid-July of 0.8854 touched last week. Earlier on Wednesday it posted a 10-month high of 0.9016, while it is currently trading not far below that zenith. The positively aligned Tenkan- and Kijun-sen lines are acting as a testament to the bullish momentum, though the Chikou Span […]
US 30 index has been in a flying mode in the past four consecutive days, creating a new more than a five-month high of 25691.10. The upward pattern started at the late of March, however, today, the price seems to have a red day. In addition, the technical indicators are turning slightly to the downside as […]
Let’s take a look at the potential market movers scheduled for publication on Thursday, the 9th of August. ECB Economic Bulletin issue number 5 will be available at 8 o’clock in the morning. Canadian Housing Starts for July follow a quarter past noon GMT. Starts surged by 28% month on month in June to reach […]
On 20th October, XM revisits Cairo, Egypt, with yet another brand-new forex trading seminar that features one of the most compelling topics for online investors who wish to absorb practical knowledge: candlestick chart trading. Accompanied by our XM company representatives, seminar speaker Habib Akiki, Senior Market Strategist of Tradepedia LLC, will welcome event guests at […]
Trading recommendations: According to the 15M time frame, I found that sellers are in control. I also found a potential bearish flag in creation, which is a sign of weakness. My advice is to watch for a potential breakout of the upward trendline to confirm further downward continuation. The downward target is set at the […]
Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1627. Anyway, according to the M30 time frame, I found that price rejected from the weekly pivot and daily resistance 1, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is […]
It’s time for the midday snapshot, where we assess the performance of traders until 12 PM GMT on this Wednesday. Euro/Dollar stood slightly in the red at noon after walking in a total range of 49 pips. Turnover is typical and neutral sentiment of the traders is 7% short. Both sides have had their profit […]
Here are the latest developments in global markets: FOREX: The US dollar weakened by 0.27% versus the Japanese yen on Wednesday, with dollar/yen trading near 111.00, while the US dollar index, which gauges the greenback’s strength against a basket of six major currencies, held near its opening level. Euro/dollar returned to 1.1600 (+0.03%) after reaching an intraday high of 1.1628, while euro/yen […]
4h Quotations of the GBP / USD pair on the 4-hour chart made a turn in favor of the British currency and began a weak growth process towards the corrective level of 200.0% at 1.3047. The pair exited from the Fibo level of 200.0% will allow us to count on a reversal in favor of […]
To open long positions for GBP / USD pair, you need: To open long positions on the pound I advise only after the breakdown and consolidation above the resistance of 1.2959, which will lead to the formation of an upward trend in the area of 1.2996 and 1.3041, where I recommend fixing profits. In the […]
Recently, the Gold has been trading sideways at the price of $1,211.15. According to the M30 time – frame, I found broken upward trendline, which is a sign that sellers are in control. I also found the rejection of the resistance 1 and hidden bearish divergence on the stochastic oscillator, which is a sign of […]
USD/CHF has been quite volatile and indecisive below 0.9980-1.0050 area from where it is expected to push a bit lower before starting to push higher in the coming days. USD has been the dominant currency in the pair but as of the recent Trade War tensions and Political aspects, it is struggling to maintain its […]
Overview: The daily strong resistance of the AUD/USD pair is seen at the price of 0.7474. The AUD/USD pair fell from the level of 0.7474 towards 0.7348. But, the price rebounded from the bottom of 0.7348 to trade around the spot of 0.7474 again. The resistance is seen at the levels of 0.7474, 0.7513 and […]
Overview: The GBP/USD pair continues to move downwards from the areas of 1.3036 (which coincides with a ratio of 23.6% Fibonacci on the H4 chart) and 1.2969. Yesterday, the pair dropped from the level of 1.3036 to 1.2902. Today, resistance is seen at the levels of 1.2969 and 1.3036. So, we expect the price to […]
Let’s find out if spreads have been shaken up during the past 24 hours. Euro/Dollar’s spreads have averaged at point 32 pips over the past 24 hours and peak of point 6 pips took place about an hour ago. The pair rose by a total of point 41% or 47 pips, but most of the […]
USDMXN has lost 12.0% of its value after reaching a one-and-a-half-year high of 20.9544 in mid-June. The pair is currently trading not far above the three-and-a-half-month low of 18.3993 hit on Tuesday. The RSI, which is in bearish territory below 50, is projecting a negative short-term picture for the pair. Notice though that the indicator […]
In 2001, China entered the global trading system when the United States pushed for its inclusion in the World Trade Organization (WTO). The push was meant to achieve several things. First, it was meant to help the US companies access an economy with more than 1 billion people. Second, it was aimed at helping bring […]
EURJPY has come under renew selling pressure today after it found resistance at the 129.46 obstacle. The price tumbled below the 20-simple moving average (SMA) in the 4-hour chart, indicating further losses. The technical indicators are confirming the strong bearish bias. Looking at the short-term timeframe, the Relative Strength Index (RSI) dropped aggressively below the […]
The situation in the foreign exchange market fully characterizes the general picture formed in the world markets and reflects the picture of uncertainty made by the US for an attempt to preserve its political and economic domination in the world. The desire of the States to use their dominant position in the world geopolitics to […]
Cocoa is an important agricultural commodity found in abundance in Ghana and Ivory Coast. The commodity’s main physical market is in London while the futures market is usually in the United States and Europe. It is mostly used for the confectionary and beverage industries. In the past, cocoa was mostly an important consumer goods ingredient […]
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 -August 8th 2018 Related Posts:Financial future on […]
Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.13% on Wednesday, extending the pullback that started in the previous session. The euro capitalized both on the dollar’s correction and on some weakness seen in sterling. […]
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 […]
