Daily Outlook In April 2018, the short-term outlook turned to become bearish when the EUR/USD pair maintained trading below the broken uptrend as well as the lower limit of the depicted consolidation range. The price zone (1.1850-1.1750) offered temporary bullish rejection towards 1.1990 where a descending high was established. However, the EUR/USD bulls failed to […]
This week begins the second half and the third quarter of the year. Over the weekend, the biggest news came from Donald Trump’s Twitter feed. In a tweet, the president said that he had asked the king of Saudi Arabia to increase crude supply by about two million barrels and he agreed. Trump argued that […]
Unlike other recent weekends, the last weekend of the first half of the year was quite eventful. Some major news that could play an important role in the final half of the year were released. On Friday, a US news site called Axios released a new report about Donald Trump’s frustrations with the World Trade […]
The EUR/USD pair is the most liquid currency pairs in the world. Every day deals worth billions of dollars are made between the United States and the European Union. This year, the pair has lost more than 2% as demand for the dollar increases. This has happened as companies bring billions of dollars from overseas. […]
The first half of the year ended during the weekend. Year-to-date, things have not been rosy in the markets. In the cryptocurrencies scene, all currencies ended the first half of the year in bear territory. Bitcoin has dropped by more than 50%. Other cryptocurrencies projects have fallen further as well. Global stocks have had their […]
PLATINUM PRICES measured in Euros fell to a near-10 year low on the first trading day of H2 2018, while gold stayed close to this year’s low as the US Dollar strengthened again, writes Steffen Grosshauser at BullionVault. For US investors, gold fell $3 from last week’s close at $1252 per ounce, moving closer […]
Panoro Minerals holds 10.5 Bio. Pounds of copper equivalent resources and is valued at only 1 Cent per pound. Through the streaming arrangement with Wheaton Precious Metals, the company receives around 420 Mio. $ pre-financings, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Technical Analysis – ETHUSD finds support at 50-day SMA April 11, 2024 ETHUSD slides after recording 1-month peak But the 50-day SMA curbs…Analysis and trading tips for USD/JPY on April 11 (US… April 11, 2024 […]
Find out how successful traders have been on the FX markets so far this Monday by watching the Dukascopy Midday Snapshot. Euro/Dollar has been trending lower by a total of 53 pips to trade point 41% in the red at noon. Turnover is low and neutral sentiment of the traders is almost at an even […]
Bitcoin is currently struggling to push below $6,500 after the recent retest from the level while the bias is currently quite bearish in nature. After the recent bounce off the $5,500 area, the price is currently correcting itself just at the edge below $6,500 area. After the recent hack attacks, the bearish momentum increased quite […]
The USD/CAD pair continues to move downwards from the level of 1.3257, which represents the double top on the H1 chart. Last week, the pair dropped from the level of 1.3257 to the bottom around 1.3130. Today, the first resistance level is seen at 1.3227 followed by 1.3257, while daily support is seen at the […]
Overview: The GBP/USD pair opened below the daily major resistance (1.3276). It continued to move downwards from the level of 1.3196 to the bottom around 1.3131. Today, the first resistance level is seen at 1.3131 followed by 1.3196, while daily support 1 is seen at 1.3068. Furthermore, the moving average (100) starts signaling a downward […]
Let’s take a look at the potential market movers scheduled for publication on this Tuesday, the 3rd of July. UK Construction PMI for June opens this agenda at 8:30 in the morning. Index stood unchanged in May at 52.5, indicating expansion of the sector. Euro Zone Retail Sales for May are up next at 9 […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Technical Analysis – ETHUSD finds support at 50-day SMA April 11, 2024 ETHUSD slides after recording 1-month peak But […]
Here are the latest developments in global markets: FOREX: Dollar/yen traded at 110.75 (+0.08%) on Monday, giving back most of the gains it posted earlier in the session when it briefly touched a one-month high of 111.05, with the yen failing to capitalize substantially on the broader risk-off mood seen in other asset classes, like equities. […]
This pair is consolidating at present. The price is moving between 1.16500 and 1.14750. It is currently sitting between its 50 MA and its 100 MA at 1.15433 and 1.15564 respectively. Resistance comes in at the 1.15593 level followed by 1.15780 above. The recent high from Friday comes in at 1.15987 with the 1.16000 level […]
It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data. Euro/Dollar’s long term average spread is point 55 pips and peak separation has been 1 pip. Start of the week is bearish for the Euro and the pair has moved South by point 58% or 68 pips. […]
Online investors truly dedicated to developing their trading skills with the XM education had again the opportunity to learn from the best. The latest forex trading seminar of XM reached Bangkok and Chiang Mai this summer. It was a great pleasure to meet with our event guests in Bangkok on 16th June and then in […]
Analysis of wave counting: Following the result of the previous trading day, the EUR/USD pair added about 120 basis points. Thus, the trading instrument, presumably, went on to build a possible wave 3, in the c, in the 4 downward trend section. If this assumption is correct, the price increase will continue with the target […]
4-hour timeframe Technical data: Senior channel of linear regression: direction – down. Youngest linear regression channel: direction – down. Moving average (20; flattened) – sideways. CCI: -5.5896 The GBP/USD currency pair adjusted on Friday to the moving average line, but it did not succeed to secure a foothold above it. UK GDP data did not […]
Recently, AUD/USD has been trading downwards. The price tested the level of 0.7366. According to the 30M time frame, I found a potential end of the bearish corrective phase (ABC flat), which is a sign that selling looks risky. My advice is to watch for a breakout of supply trendline to confirm further upward movement. […]
4h The GBP/USD pair on the 4-hour chart reversed in favor of the US dollar and began the process of falling towards the Fibo level of 200.0% – 1.3048, after the formation of a bearish divergence at the CCI indicator. Passing the last peak of the divergence will allow to expect the resumption of growth […]
The AUDCAD pair is pushing lower again today as it rejects trend line support now turned resistance at 0.97410. The fall last week took the price under the trough of the double top at 0.99326 and now points to a move to its target at 0.95424. Support at 0.97057 is last week’s low, plus the […]
Gold started an aggressive bearish roller coaster over the previous three weeks, creating a fresh six-month low of 1245.84 last Thursday. The price is developing near the aforementioned low and the short-term technical indicators are pointing to more weakness in the market. Looking at the at the 4-hour chart, gold prices are looking capped by […]
Recently, Gold has been trading downwards. The price tested the level of $1,245.50. According to the H1 time frame, I found a broken bearish flag pattern, which is a sign that sellers are in control. The trend is bearish and my advice is to watch for potential selling opportunities. The downward targets are set at […]
Merkel is a step away from the collapse of the government, Germany is a step away from early elections. Germany’s Minister of the Interior, Horst Seehofer, the representative of the Merkel ally – the CSU party from Bavaria – in the German government – severely criticized the decisions of the EU summit on migrants. As […]
Trading recommendations: Recently, Bitocin has been trading upwards. As I expected, the price tested the level of $6.468 and met my first objective target. Anyway, according to the H1 time – frame, I found an intraday bullish flag in creation, which is a sign that buying may resume. My advice is to watch for a […]
According to a survey conducted every quarter within the CFO of the companies, a record 75% of large British companies are pessimistic regarding the Brexit issue. In April it was 68%. The companies expect to reduce investment expenditures and lower sales revenues. The Deloitte survey shows that currently many companies use a defensive financial strategy, […]
Trading plan 07/02/2018 The general picture: Trump, trade wars and the crisis in Germany. Two main topics for the market right now. The first is Trump’s trade war. China’s retaliatory tariffs against goods from the United States – agricultural products and cars – entered into force, with the amount of 34 billion dollars. Trump at […]
GBP / JPY Toward the end of the week and month, players on the increase showed activity and reached important milestones. In the near future, the most significant zone of resistance is the area of 146.21-57-94 (daytime Fibo Kijun + week Tenkan + month Fibo Kijun). Reliable overcoming eliminates the day-long dead cross and provides […]
