USD/CAD is approaching its resistance at 1.3162 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.3053 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. USD/CAD is […]
When the European market opens, there will be no Economic Data released, but the US will release the Economic Data such as Mortgage Delinquencies, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1451. Strong Resistance:1.1444. Original Resistance: 1.1433. Inner Sell Area: […]
In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Mortgage Delinquencies. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 110.91. Resistance. 2: 110.69. Resistance. 1: 110.47. Support. 1: 110.21. […]
https://pepperstone.com/en/forex-news/market-review -Majors gave ground vs the dollar in Europe and Asia last week. -Dollar index moves towards 96.50. -The yen strengthens on safe haven flows. -The lira’s -20% slump risks turning into a crisis in Turkey & beyond. -COT data shines a light on traders sentiment. -Will the USA be energy independent sooner rather than […]
It’s a bit disappointing that the correction from 1.7487 has been as deep as it has. That said, only a break below support at 1.7117 will invalidate our bullish count. Short-term, we do expect a little more downside pressure towards 1.7230 from where we expect the next bullish rally to take place to above 1.7487 […]
The decline in wave c of ii has exceeded the expected target of 126.01 and it looks like more downside pressure will be needed after a correction towards 127.30. We do not expect this final decline to move much below 125.20 and it must stay above the start of wave i at 124.59. If this […]
The Dollar index has broken out of the consolidation range it has been in for the last month at least. The price is breaking higher. The RSI is also breaking above resistance. This implies that a new leg higher has started. Looking for 97-98 in August. Magenta line – RSI resistance Green rectangle – consolidation […]
The Gold price remains in a bearish trend. Price has been recently consolidating between $1,205 and $1,217. Gold price remains below the tenkan-sen implying that short-term trend remains bearish. Gold price next lower target area is at $1,180 although we prefer to be neutral waiting for a bullish signal rather than chase the bearish scenario. […]
The meltdown in the forex market on Friday is a reminder of why you shouldn’t be sleeping at the wheel in the month of August – either stay away or be prepared for big moves in the financial markets. Summer vacations in Europe and the U.S. means lower liquidity that can compound movements in currencies. […]
The meltdown in the forex market on Friday is a reminder of why you shouldn’t be sleeping at the wheel in the month of August – either stay away or be prepared for big moves in the financial markets. Summer vacations in Europe and the U.S. means lower liquidity that can compound movements in currencies. […]
The meltdown in the forex market on Friday is a reminder of why you shouldn’t be sleeping at the wheel in the month of August – either stay away or be prepared for big moves in the financial markets. Summer vacations in Europe and the U.S. means lower liquidity that can compound movements in currencies. […]
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- Weekly financial new -August 12th 2018 Related Posts:Weekly forecast based […]
4-hour timeframe Amplitude of the last 5 days (high-low): 68p – 93p – 50p – 106p – 92p. The average amplitude for the last 5 days is 82n (86p). If the European currency at the beginning of the week slightly adjusted, the pound sterling fell down the whole trading week. The chance for the pound […]
No publications have set release time on Monday, but there are some events on Tuesday morning, so let’s take a closer look. Australian NAB Business Confidence for July opens this agenda at 1:30 on Tuesday morning. The business confidence index edged down by 1 point to plus 6 index points in June, continuing an around-average […]
GBP / USD Bears are close to the breakdown of the next support zone. What’s next? Overcoming the current support and secure securing below reveals fairly long horizons before the players to descend, a downward target for the breakdown of the weekly cloud (1.2302 – 1.2027) and an update of the January-March minimum (1.1986). There […]
GBP / USD The British pound fulfilled our forecast yesterday with a version of the triple convergence with the oscillator Marlin. The price declined, and Marlin’s signal line showed growth. The support for the trend line at 1.2785 has not yet been worked out, formally the price tends to it, but much will depend on […]
So, the bears of the pair EUR / USD did not wait for the release of data on the growth of American inflation and pushed the price under an important support level of 1.1510, thus renewing the annual minimum. And it happened during the Asian session against the backdrop of an empty economic calendar. The […]
Economic releases will heat up in the coming week with monthly data on inflation, employment and retail sales certain to keep some traders busy as many head off for their summer holidays. Central bank meetings will take a backseat, though the week will not be totally absent of policy announcements as the Norges Bank meets […]
Minute (h4) Great Britain Pound vs US Dollar Previous review of 08/06/2018 19:31 UTC + 3. ____________________ The trend of the GBP / USD movement on August 10-24, 2018 will be determined by the direction of the breakdown of the range: -> resistance level 1.2910 (warning line LWL61.8 forks operating scale Minute); -> Support level […]
H4 On the 4-hour chart, the EUR / USD pair is the corrected retreat from the correction level of 61.8% to 1.1617 and a reversal in favor of the US currency. As a result, the pair made a drop to the correction level of 100.0% at 1,1508. At the time of writing, the fall in […]
There have been some significant rate shifts so far on this Friday, so let’s see if traders have managed to work them out. Euro/Dollar moved South of the 1 15 level as it declined by more than 100 pips. Turnover is high and sentiment of the traders is neutral, but short positions are up by […]
Gold prices continue to hover just above their 17-month lows, as a strong US currency is casting a long shadow on the dollar-denominated metal. The safe-haven now rests at a crucial technical crossroads, with a break in either side of its latest range likely to provide short-term direction. More broadly, bearish sentiment on gold appears […]
Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against a basket of six major currencies, headed higher by 0.55% on Friday, while dollar/yen fell by 0.08% below the 111.00 handle as demand for safe havens and upbeat Japanese flash Q2 GDP growth figures provided support to […]
This week, with little economic data coming through, the biggest news was on trade. Trade has continued to dominate the financial markets as the two biggest economies flex their muscles. On Wednesday, the Chinese government announced fresh tariffs on US imports such as cars and crude oil. The total tariffs announced were worth more than […]
Turkey is an important country in Europe and Asia with a GDP of more than $850 billion. The country has in the past applied to join the European Union in a bid to become more Western. The country is known for its vehicle, machinery, and refined petroleum products. It is also known for its large […]
Earlier today, the Japanese statistics office released the preliminary numbers for the second quarter GDP. The numbers showed that the economy rose by an annualized rate of 1.9% in the second quarter. This was higher than the expected 1.4% annualized rate and the Q1 contraction of 0.9%. The growth in the GDP in the quarter […]
The wave pattern of the H4 graph: The descending wave of January 25 is not complete. Its wave level has already exceeded the scale of the chart under consideration of the pair. The wave pattern of the H1 graph: In a higher wave model, the descending wave of April 17 forms the final part (C). […]
Minute (h4) Euro vs US Dollar ____________________ Further development of traffic in the EUR / USD pair on 10th to 24th of August 2018 will be determined by the direction of the breakdown of the boundaries of the channel at the a Median Line (1.1585 <-> 1.1605 <-> 1.1630). Fork operational scale Minuette, recalling that […]
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 […]
Past 24 hours have been volatile on the FX markets, so let’s see if this reflects in any way on the interbank spread stats. Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 2.2 pips. The pair has plummeted by a massive 1.52% or 176 pips to fall below the […]
