This will be a busy week for investors. The main issues this week will be on politics, central banks, and geopolitical events. Tomorrow, the historic meeting between the United States and North Korea will take place in Singapore. The two leaders arrived yesterday and are currently preparing for the meeting. The outcome will be consequential […]
The G7 meeting, held in Quebec was the focus among investors this past weekend. It was always expected to be a contentious meeting especially after Donald Trump announced his plans to place tariffs on steel and aluminum on the countries. Before the meeting, there was a concern that the president would not even attend it. […]
As Fed policymakers kick off their two-day policy meeting on Tuesday, the US will also release its inflation readings for May, at 1230 GMT. Forecasts point to a further acceleration in price pressures, something that could amplify speculation for a more hawkish set of rate-path projections by policymakers and thereby, enhance the dollar’s appeal ahead […]
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. Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. As mentioned, […]
The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous week’s consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred. Since April 13, significant […]
It’s 12 o’clock on this Monday, so let’s see how successful it has been so far for FX traders. Euro/Dollar has had a relatively slow session – high and low difference is 43 pips and the pair has attracted 41% less than typical funds. Neutral sentiment is almost at an even balance. Both sides have […]
GOLD PRICES briefly rallied above $1300 per ounce on Monday morning in London before falling back ahead of tomorrow’s historic US-North Korea meeting and three key central bank policy meetings this week, writes Steffen Grosshauser at BullionVault. Gold started the week edging $3 higher to $1301 after US President Donald Trump refused to back […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY,… April 15, 2024 Our weekly #TechnicalAnalysis looks at the key events that are…Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024 Will UK CPI […]
• Copper reversed from resistance zone • Further losses are likely Copper today reversed down from the strong resistance zone lying between resistance levels 3.2660 and 3.3110 (which stopped the sharp upward impulse in December, as can be seen below). This resistance zone was further strengthened by the upper daily Bollinger Band. The price previously […]
EURCAD moved higher so far on Monday and jumped above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The pair has been consolidating within an upward sloping channel since May 30 and is in progress to turn the medium-term outlook from negative to positive. From the technical point of view, the RSI indicator is […]
Here are the latest developments in global markets: FOREX: The US dollar managed to cross slightly above the 110.00 key level against the Japanese yen on Monday to reach an intraday high of 110.06 ahead of a historic summit between the US President and the North Korean leader on Tuesday and the conclusion of the two-day FOMC policy meeting on […]
There are potential Sterling and Buck movers on this agenda for Tuesday, so let’s take a look. The high importance UK Unemployment Report for May opens this agenda at 8:30 in the morning. Unemployment rate was unchanged at multi decade low of 4.2% in the three months to March. Claimant count, however, surged by 31.2 […]
US equities ended last week with solid gains ahead of what turned out to be a turbulent G7 summit. President Trump has fired off a string of angry tweets criticising Canada and the EU over trade adding that “Fair trade is now to be called fool trade”. Attention will now turn to the historic talks […]
Overview: The NZD/USD pair didn’t make significant movement last week. The bias remains bullish in nearest term testing 0.7185 or higher. The NZD/USD pair continue to rise from the level of 0.6977 in the long term. It should be noted that the support is established at the level of 0.6977 which represents the 23.6% Fibonacci […]
EUR/USD has been quite indecisive recently after breaking above 1.1720-50 area with a daily close. On Friday, the price pushed lower with certain impulsiveness but it failed to sustain by the daily close. The indecision is currently assumed as an effect of G7 Meeting which was held recently in Canada whereas more meetings are slated […]
Overview: Pivot: 0.9857 The USD/CHF pair faced strong resistances at the levels of 0.9943 because support had become resistance this week. So, the strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in order to test it again. However, if the pair fails […]
Let’s find out if there have been any significant spread increases so far this week. Euro/Dollar’s daily average spread is point 34 pips. Peak separation of 1.1 pips was posted during the past 4 hours. The pair appreciated by a total of point 42% or 50 pips, but it has given up most of the […]
• NZDJPY rising inside impulse wave ③ • Further gains are likely NZDJPY continues to rise inside the long-term impulse wave ③, which started earlier from the support zone lying between the support levels 74.80, 75.60 (which has been reversing the price from April of 2017) and the lower weekly Bollinger Band. The upward reversal […]
Punctually at 08:30 am GMT the first, important data from Europe appeared this week. The British Industrial Production report and its trade balance are astonishingly surprising. The latest data from the ONS clearly indicate the large divergence of forecasts by market analysts with real production values in British factories. April data surprise with a decline […]
The Bitcoin (BTC) has been trading downwards. The price tested the level of $6.593. Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings. The technical picture on Bitcoin is bearish. […]
Recently, Gold has been trading sideways at the price of $1,295.70. According to the H1 time – frame, I found a broken support trendline inside of the potential bearish flag. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,292.30 and at the price of $1,285.30. […]
Wave picture of the chart H4: The wave of the trading instrument that was not completed today started in late January. In a model of a larger scale, it took the place of the final part (C). The lower boundary of the preliminary target zone is approximately in 2 price figures from the current exchange […]
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This pair was sent lower last week when it collided with the crossing of the resistance trend lines at 1.30657. Price fell to the area of the supporting 200 period MAs in a repeat of the move from the previous week. The rebound higher failed above 1.30000 and has since rebounded from its 100 period […]
The AUDUSD pair is testing resistance at the first falling blue trend line today in an attempt to regain higher prices after failing at the red line last week. Price is trading between the resistance at 0.76150 and support at 0.76000. There is support to lean against at the 200 and 100 period MAs at […]
Gold remains under pressure as it has been consolidating within a trading range over the last three weeks with upper boundary the 1307.50 resistance level and lower boundary the 1289 support barrier. The short-term technical indicators are bearish and point to more weakness in the market. Looking at the 4-hour chart, gold prices are looking […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1820. According to the H1 time – frame, I found a broken supply trendline in the background, which is a sign of the strength. I also found a rejection of a support trendline, which is another sign of strength. My advice […]
The European currency managed to regain its position, after a slight decline on Friday, against the backdrop of profit-taking by large players. However, the results of the G7 meeting did not lead to a drastic change in the alignment of forces in the market, which, in fact, were quite expected. It was not possible to […]
To open long positions on GBP/USD it is required: Buyers, in order to maintain the upward trend, require breakthrough and consolidation above intermediate resistance 1.3437, but the main target will be to go beyond the highs of June 7 at 1.3474, which will open new areas of resistance 1.3523 and 1.3563, where it is recommended […]
To open long positions on EURUSD it is required: The buyers still have the same task. A break with consolidation above 1.1819 will make it possible to count on a new wave of growth of the European currency with the update of the monthly highs around 1.1869 and 1.1923. If the EUR/USD falls in the […]
