The State Duma of the Russian Federation will support the first reading of the initiative, which will add the basic norms of the digital economy to the civil code of the Russian Federation. This is the latest step on the way to introducing cryptocurrencies in the country, informs local press service. “The initiative aims to […]
The USD/CAD is in a bearish trend making lower lows and lower highs. Price is trading below the Ichimoku cloud and recently got rejected when it tried to bounce towards 1.2930. I’m bearish USD/CAD specially if we break below 1.2730. Blue line – resistance trend line Yellow rectangle – support area The USD/CAD pair is […]
Gold price remains under pressure near the weekly lows. Medium-term support is very close and bulls would not like to break below as this would imply more downside towards $1,255 should be expected. I prefer to be a contrarian and be bullish at current levels but specially if we close the week and break above […]
The yields of the 10-year-old US jumped over 3.10%, but the dollar’s reaction disappoints. The prime leads the GBP thanks to information on Brexit, and AUD found support in a solid report from the labor market. EUR/USD bounced back from 1.1760 on Wednesday, and managed to reach 1.1830 after the information was denied that the […]
If the data on the number of housing permits of new homes in the US put pressure on the US dollar in the afternoon of Wednesday, May 16, then a good report on industrial production began to gradually return the US dollar to the buyer market. It is important to note that the number of […]
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 bulls show up before RBNZ rate… April 9, 2024 NZDUSD shows recovery […]
In the past two days, the USD/JPY pair has moved up and down within a narrow range. It has traded between 110.01 and 110.45. The narrow range has come even as we have received major news from Japan and the United States. First, on Tuesday, we received news that North Korea was throwing doubts for […]
USDJPY is moving near its opening level during today’s early European session following the aggressive buying interest of the previous three days. The pair has challenged a fresh more than three-month high of 110.44 and successfully surpassed the 200-day simple moving average (SMA). The price remains above the aforementioned obstacle however, technical indicators suggest that […]
After a short pause, the US dollar again began to strengthen, growing against the euro to a 6-month high at the trades on Wednesday. The markets once again felt a taste for risk, which is reflected in the stable growth of yields on government bonds and the increase in the stock markets on both sides […]
Technical outlook: The daily chart view has been again presented here in continuation with the discussion yesterday. EUR/USD dropped lower as expected, but a bit more than the 1.1790 levels before recovering sharply. The daily chart has produced a doji candlestick pattern, suggesting a potential change in the trend for a while. The currency pair […]
Dear colleagues. For the EUR / USD pair, we expect the downward trend of May 14 after the breakdown of 1.1750. For the GBP / USD pair, the price has entered the equilibrium state. The level of 1.3565 is the key support for the downward structure from May 14. For the USD / CHF pair, […]
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 Daily financial news by- Binary.com-May 17th 2018 Related Posts:Analysis of EUR/USD. […]
British Media has reported that the UK is to inform the EU that they are willing to stay in the EU Customs Union beyond 2021. The Government agreed on a new “backstop” earlier this week to avoid a hard border on the island of Ireland. This came after rejecting earlier EU proposals ahead of the […]
The GBP/JPY at 4-Hour Charts seem already making higher highs and higher lows after the MACD Divergence with the price but this pair now getting struggles with the Support Become Resistance level at 149.11 events now this pair already breakout above those level now the GBP/JPY must test the 149.11 level first as their new […]
The price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards major support at 0.6855 (Fibonacci extension, horizontal swing low support). Stochastic (89,5,3) is seeing major resistance below 90% where a corresponding reaction could occur. Sell […]
If we look at the 4-hour charts at the CAD/JPY We can see clearly the Divergence between MACD with the price, usually as high as possible this pair will get a correction at least to test the Resistance become Support level at the 85.71 level this condition is confirmed to by the William %R(14) already […]
The price has made a pullback to our buying level and bounced off perfectly as it continues its way towards our profit target. Our major support buying level is at 109.98 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we remain bullish above this level for the price to rise to 110.86 resistance (Major 61.8% […]
At the 4-Hour Charts, we’ve spotted the EUR/USD get a Divergence between the MACD with the Price, base this fact there is a possibility this pair will get a correction from their Bearish bias approximately to the 1.1875 level until tomorrow they will back in line again with their previous bias to test the 1.1763 […]
The bias for NZD/USD at 4-hour charts is still in Bearish condition, for a few days ahead there is possibility for this pair to going down to test their next support at 0.6848 level, this condition already spotted by the William %R (14) now in Overbought condition, as long as NZD/USD not exceed and breakout […]
When the European market opens, some Economic Data will be released such as Spanish 10-y Bond Auction and Italian Trade Balance. The US will release the Economic Data too, such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so, amid the reports, EUR/USD will move in a low […]
In Asia, Japan will release the Core Machinery Orders m/m data, and the US will release some Economic Data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL […]
EUR/NZD – 4 Hourly We were looking for upside acceleration, but important resistance at 1.7310 once again proved to be strong to break and the bulls gave up the effort to conquest this resistance. Instead, the bears turned EUR/NZD 180 degrees around and managed to break below short-term important support at 1.7056 indicating that wave […]
EUR/JPY – 4 Hourly EUR/JPY Accelerated nicely lower yesterday to below short-term important support at 129.96 add confidence in our preferred count, that wave iv completed with the test of 131.38 and the final decline in wave C of (E) now is developing towards the ideal target-area between 123.33 – 125.32. A dip in this […]
Overview: The pivot point is seen at the point of 0.6917. The NZD/USD pair has faced strong resistance at the levels of 0.6935 because support had become resistance this week. So, the strong resistance has been already formed at the level of 0.6935 and the pair is likely to try to approach it in order […]
Overview: The GBP/USD pair is still moving around the area of 1.3534 – 1.3485 this week. Today, the level of 1.3485 represents a daily support in the H1 time frame. The pair has already formed the minor resistance at 1.3604 and the strong resistance is seen at the level of 1.3678, as it represents the […]
“Bears” do not stand still, and the recent correction gave them strength. The local lows of May 9 (1.1821) had declined and the quotation moved gradually but was firmly fixed below. Oversoldness can be felt generally, but at the end of the movement, the pair may lack sufficient point of support although “bullish” positions occasionally […]
Wave picture of the chart D1: The increasing rate of the GBp/JPY cross pair chart from October 2016 is set by the bullish wave of the instrument. The potential of this section exceeds the length of correction of the previous bearish trend. With a high probability, conditions are being prepared for changing the movement of […]
The GBP/USD currency pair continues to oscillate in the side corridor 1.3440 / 1.3610, consistently working through the boundaries. For more than a week, we have been observing an uncertain trend after the pair moved closer to the 1.3440 / 1.3480 range, where it reached the support and slowed the downward movement. The range level […]
Wave picture of the chart D1: The direction of the cross trend in recent years is set by the incomplete renewed upward wave. Above is a wide zone of potential reversal which triggered a counter correction. The structure analysis indicates the continuation of the uptrend. The wave pattern of the H1 graph: On April 24, […]
The European currency continued to decline against the US dollar after the release of weak statistics indicating a slow rise in inflation in the Eurozone in April of this year. The inflationary growth rate of Germany, the largest economy in the EU, also leaves much to be desired. According to the report of the Federal […]
