Analysis of wave counting: During the trades on June 8, the GBP/USD pair moved in different directions, ending the day with a drop of just a few points. Thus, the construction of the corrective wave a, in 2 continues with the first target of 1.3478, which corresponds to 23.6% Fibonacci, with the prospect of reaching […]
Analysis of wave counting: During the trades on Friday, the EUR/USD fell 30 basis points, but by the end of the trading day it started to rise again. Accurate testing of the estimated 200.0% Fibonacci level gives grounds to assume the completion of the proposed wave 1, 1, 3. If this is the case, then […]
Trend analysis (Figure 1). On Friday, the price re-tested, but could not overcome 21 average EMA, which means that on Monday, most likely, there may be a downward movement. Complex analysis will more accurately tell where the price will go. Fig. 2 (daily chart). Complex analysis: – Indicator analysis – up; – Fibonacci levels – […]
Trend analysis (Figure 1). On Thursday, the market, moving up, tested, but could not overcome the upper fractal 1.1830 (red dotted line) and on Friday continued to move sideways down. Complex analysis will more accurately tell where the price will go. Fig. 2 (daily chart). Complex analysis: – Indicator analysis – up; – Fibonacci levels […]
Trend analysis (Figure 1). Last week, the price moved up, testing the recession level of 23.6% – 1.3479 (yellow dotted line), rolled back down. Next week, the upward movement will continue. Candlestick analysis also confirms the upper work. The first upper target is 1.3479 – the pullback level is 23.6% (yellow dotted line). How much,the […]
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 – NZDUSD falls to fresh 5-month low April 19, 2024 NZDUSD creates lower lows […]
These are the Dukascopy Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s short and mid term technicals are mostly predicting bullish rate movement. Signals are neutral in the daily range, but the 18% short interbank is bearish. Pound/Dollar has mostly green signals in the short […]
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 lower on Monday, though by less than 0.2%. The euro is higher across the board, as some encouraging remarks from Italy’s new finance minister helped to calm markets. […]
Trend analysis (Figure 1). The price, moving upwards, closed above the recession level of 23.6% – 1.1756 (the blue dotted line). Most likely next week, the upward movement will continue with the question, but the price can break through the upper fractal level 1.1830 (red dotted line). The first attempt failed. Fig. 2 (weekly chart). […]
EUR/JPY The bias on this currency trading instrument has just turned bullish. Since May 30, price has rallied by 500 pips, reaching the supply zone at 130.00, before the current bearish correction (which happened on June 8). A sideways movement throughout this week will bring about a neutral bias on the market. A test of […]
USD/JPY The USD/JPY pair is bullish in the long term, but neutral in the short term. In the last two weeks, price has generally oscillated between the demand level at 108.50 and the supply level at 110.50. As long as price continues to oscillate between those demand and supply levels, the short-term bias would be […]
USD/CHF This is a weak market as USD/CHF has been caught in a slow and gradual bearish movement since May 10 (over 230 pips). It is possible that the market would continue going further downwards (albeit slowly), especially when EUR/USD gains a lot of stamina. This is because the EUR/USD and the USD/CHF are negatively […]
Wave picture of the chart H4: On the chart of the Euro major since mid-February, the trend direction is set by the downward wave. In a large wave model, it takes the place of correction. The wave structure is still not fully formed. The wave pattern of the graph H1: The unfinished wave for today […]
Trump and the Big Seven: Results. On June 8-9 in Canada, the G-7 summit was held at the level of the Heads of State. The focus was on Trump and his tough demands from the US government to introduce new increased tariffs on steel and aluminum for all US trading partners including China, Mexico, and […]
The report of the Russian rating agency Analytical Credit Rating Agency (ACRA) states that cryptocurrencies are not yet usable as a means of payment. According to them, the cryptocurrency “currently does not fully fulfill any function of money” because the volatility of the exchange rate is too high to be effective as a payment – […]
The confusion at the G-7 summit and another dispute over the rules of conducting foreign trade do not cause an explosion of risk aversion. The market is waiting for a meeting between Trump – Kim and Fed and ECB meetings. USD / JPY grows to 110.00 not only due to positive moods but also to […]
EURUSD is in progress to create a bullish retracement following the pullback from the 10-month low of 1.1510 support level. The aggressive bearish movement, especially in the previous seven weekly sessions, has snapped during the past week, completing a bullish candle. Moreover, the momentum indicators in the near-term are supportive for the bullish correction. From […]
The EUR/USD pair has pulled back on Friday towards 1.17 where it found support both at an upward sloping trend line and on the 4-hour Kijun-sen indicator. Trend remains bullish in the short-term as price is still above the Kumo (cloud) and as price continues to make higher highs and higher lows. Magenta line – […]
Gold price has broken above the medium-term trend line resistance, back tested it but still remains inside the $1,307-$1,290 trading range. We continue to be bullish on Gold, expecting at least a bounce towards $1,320-30. Yellow line – medium-term resistance Magenta lines – trading range Green line – target Gold price is trading above the […]
USD/JPY is approaching its support at 109.22 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where we expect prices to rise to its resistance at 110.13 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is also approaching its support at 5.2% where a corresponding bounce is expected. Buy above 109.22. Stop […]
AUD/NZD is approaching its support at 1.0781 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where we expect price to bounce and rise to its resistance at 1.0897 (61.8% Fibonacci extension, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.9% where a corresponding bounce is expected. Buy above 1.0781. […]
EUR/NZD failed to break directly above resistance at 1.6821, as a more complex wave ii/ correction developed. This wave ii/ correction now looks complete, with the test of 1.6707. We will be looking for a break above minor resistance at 1.6766 and more importantly above resistance at 1.6812 for an extended rally in wave iii/ […]
We did not expect support at 128.69 to be broken. The break below this support forced us to shifted our preferred count for the rally from 124.59 to 130.26. Instead of a series of waves ones and twos, we have to switch back to this rally being a complete five wave rally as wave i […]
Morning Report: 07.00 London Trump’s global diplomatic antics are causing frictions and divisions amongst world allies. In offering the olive branch to Russia, Trump has set himself against his G7 colleague, with Canada’s Trudeau on the receiving end of a lashing. The dollar index is holding up well despite Trump’s activities. The biggest movements have […]
Markets are indecisive this morning as the G7 meeting in many ways delivered on the expectations of traders with participants failing to find meaningful progress and the US marginalized in what has been dubbed the G6 +1 meeting. With the US rejecting the communiqué as predicted, the market is directionless and focusing now on the […]
https://pepperstone.com/en/forex-news/market-review -EUR bounces back VS USD as CAD & MXN fall back. -Dollar Index below 93.50. -BTC & ETH off by around -10%. -Trump upsets the G7 apple cart. -Angela Merkel to meet with IMF and Wolrd Bank heads. -US authorities asK Crypto Exchanges for data. -A two speed Europe? The overnight changes and price […]
Pound, like its continental neighbor, was able to improve its position somewhat, though not so noticeably. In general, the past week was characterized by almost complete absence of any serious macroeconomic data. That is not surprising on the eve of the meetings of the Federal Open Market Committee and the ECB’s board on monetary policy. […]
Over the past week, the single European currency was able to win back part of the decline, which it experienced the previous seven weeks. Almost a two-month depreciation stopped and was replaced by a hint of correction. It is curious that all this took place against the backdrop of an almost empty macroeconomic calendar, and […]
Trump and the Big Seven: They did not reach an agreement. On Friday and Saturday, June 8-9, Canada hosted the G-7 summit. Despite the large number of issues on the agenda, the issue is really only one, it’s the main one: the new fees that Trump introduces against the US trade partners – against China […]
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 Weekly financial news by- Binary.com-June 10th 2018 Related Posts:Overview of the […]
