Analysis of wave counting: During the past week, the EUR/USD pair began with a downward movement, and only after a decline to the level of 1.1820 rebounded more than 140 percentage points from the minimum reached on Wednesday. Thus, in connection with the working off of the ratio 1.618 (by Fibo) between the dimensions of […]
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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:Will the euro manage to save itself? April 17, 2024 The euro managed to find its […]
The EURUSD pair found its short-term bottom at 1.18170 last week and has this morning rallied into previous trend line support at 1.19835. The price has used the 50-period MA to prop up today’s advance and this is now the first point of support at 1.19544. There is also support to be found at 1.19161, […]
Here are the latest developments in global markets: FOREX: The US dollar index is lower by 0.15% on Monday, extending the losses it posted on Friday. The disappointment in the US core CPI last week appears to have taken the wind out of the greenback’s sails, with yields on 10-year US Treasuries unable to sustain a foothold […]
The Reserve Bank of India (RBI) has banned banks and other financial institutions from facilitating cryptocurrency transactions in the country. In response to this coalition consisting of four platforms for the exchange of cryptocurrencies and other startups, the regulator filed a petition in court, questioning the RBI directive. The decision of the Supreme Court will […]
Trading plan 05/14/2018 The general picture: There is a lull in the markets. Range. There was a calm in the markets. The calendar does not have strong data that can cause movement – until the end of next week. From the “unexpected” – the last shock for the market – Trump’s sharp speech against Iran: […]
Burning forecast 05/14/2018 EURUSD:Looking forward to continuing growth. The euro showed a reversal up last week – the downtrend is completed at the moment. There are no important news this week. There is possibility of continued growth of the euro. Buy from 1.1940, stop 1.1890, the target is 1.2100. Alternative: Sell from 1.1820, stopat 1.1865, […]
The dollar remains supported across the board, although volatility at the start of the week is moderate. The stock market keeps up well with increases in China and Japan. Crude falls, feeling pressure from the growing number of wells in the US. Changes in the main currency pairs from the beginning of the week do […]
Trend analysis (Figure 1). Last week, the price moved in the side channel. A strong candlestick figure of the reversal was formed (paired with a pullback level of 38.2% – this is a very strong “fence”), and the price (I think) will roll back up. How much the probability of this scenario is likely will […]
Trend analysis (Figure 1). The price, moving downwards, tested, but closed above the recession level of 61.8% 1.1937 (red dotted line), on large volumes, which indicates the possibility of starting the movement upwards. The more complex analysis will show more accurately where the price goes. The most likely upper target is 1.2055, the rollback level […]
Eurozone The ECB, analyzing the economic prospects of the Eurozone, notes a slight slowdown in growth since the beginning of the year. This slowdown, according to the ECB, is a consequence of several reasons. Firstly, a pullback after high growth rates in the second half of 2017 is quite logical, and secondly – the growth […]
GBP/JPY Higher timeframes Players on the decline could not realize the potential of the previous day. As a result, the premise was raised that the upper limit of the weekly cloud (Senkou Span A 147.66) would prove to be reliable support and would be able to slow down, and perhaps even stop the decline altogether. […]
Morning Report: 07.00 London Markets are becalmed this morning as tensions ease between China and US, while Trump axing of the Iran deal has so far failed to worry markets too much. The dollar index is unchanged, but the bull trend has certain paused if not turned. Both the EUR/USD and GBP/USD are higher, but […]
On 14th June 2018, one of the biggest financial exhibitions, ITForum, opens its doors for a two-day event series in Rimini, Italy, which XM will participate at. Due to take place on 14th and 15th June on the premises of Palacongressi di Rimini, ITForum will have much to offer for both exhibitors and event visitors, […]
EURUSD has been edging slightly higher since it found a strong support on the 1.1820 barrier last Wednesday, creating two consecutive bullish days and paring some of the previous weeks losses. The 1.1820 key level is a new almost five-month low and the price is still developing below the 23.6% Fibonacci retracement level of 1.2030 […]
The Dollar index reversed as expected and made an important top last week. Price is moving lower at least for a correction of the rise from 89.23. Short-term trend has changed to bearish as the price is expected to move at least towards the 38% Fibonacci retracement at 91.85. The Dollar index is pulling back. […]
Gold price has made an important low in May around $1,301 and we are bullish since then. We expect Gold price to reach $1,330-32 in the short-term and most probably this week before a move towards $1,310 again and the setup for a bigger bounce. The 161.8% extension of the first leg higher is our […]
Trend analysis (Figure 1). On Friday, the price continued to move in the side channel. On Monday, an upward movement is possible. Complex analysis will more accurately tell where the price will go. Fig. 2 (daily chart). Complex analysis: – Indicator analysis – up; – Fibonacci levels – up; – Volumes – upwards; – Candle […]
The US dollar slightly lost ground by the end of the week, but the general trend towards its strengthening remains. Consumer price growth in the US seems to be stabilizing. Following the first 10 months of decline in inflation in March by 0.1%, experts expected an increase of 0.3%, as a result of price growth, […]
Trend analysis (Figure 1). On Friday, the price continued to move upward. On Monday, the upward movement may continue. The first target of 1.1996 is the recession level of 23.6% (red dotted line). Complex analysis will more accurately tell where the price will go. Fig. 2 (daily chart). Complex analysis: – Indicator analysis – up; […]
EUR/USD The last day of the last week passed in a calm environment – investors were waiting for the formation of the Italian interim government, but they did not wait until this morning.The only thing able to agree the party leaders, is the refusal to go for Prime Minister Luigi Di Maio ( “5-Star”), Matteo […]
GBP/USD Investors in the British pound last Friday were able to relieve the psychological stress due to calm in the whole market. The dollar index fell by 0.16% and after it the pound grew by 24 points. Today, in the Asian session, the dollar lost a significant value on Friday with a formal increase in […]
AUD/USD A slight drop in the dollar index on Friday (-0.16%) quickly affected the growth of a number of raw and agricultural commodities, which led to the growth of the Australian dollar by 9 points. Iron ore went up by 0.9% ($ 67.42), copper by 0.26%, live cattle by 0.23%. Tomorrow investors are hoping to […]
The strong rally of the 1.6933 low confirms that wave ii/ has bottomed here and wave iii/ higher to 1.7474 is developing. In the short-term, we expect a final dip closer to 1.7057 to complete red sub-wave ii before moving strongly higher towards 1.7474 as the wave three really starts to gain traction. In the […]
Following on from the US withdrawal from the Iran Deal, UK PM May reaffirmed her commitment to ensuring the deal is upheld. She spoke via phone with the Iranian President yesterday, in advance of a meeting of the UK, France, Germany and Iran in Brussels tomorrow. Over the weekend, US National Security Advisor John Bolton […]
EUR/JPY saw its wave iii low at 129.22 and wave iv has been unfolding as expected towards the resistance near 130.63. We expect that EUR/JPY will see a near-term peak for renewed downside pressure towards the ideal long-term target for wave C of (E) at 124.94 where a long-term low is expected. In the short-term, […]
Today, when the European & the US markets open, no Economic Data will be release, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2010. Strong Resistance:1.2003. Original Resistance: 1.1991. Inner Sell Area: 1.1979. Target Inner Area: 1.1951. Inner Buy Area: 1.1923. […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y, and PPI y/y, but the US today will not release any Economic Data. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 109.83. Resistance. 2: 109.61. Resistance. 1: 109.40. […]
Reason for the trading strategy (fundamentally):Pakistan’s experience with cryptocurrencies offers another example of how ineffective financial authorities can be when trying to fill a legal vacuum with prohibitive administrative measures. Central banks often forget that they are neither parliaments, nor governments, and their regulatory overreach cannot legitimately substitute the normal legal process. The recent decision […]
