Sub-wave v/ of wave i is extending and could move higher to 1.7265 before peaking and setting the stage for a correction in wave ii. This wave ii correction is expected to decline to at least 1.7015 and likely even closer to the 50% corrective target at 1.6967. In the short-term, a break below minor […]
EUR/JPY rallied into the 133.54 – 133.68 area after all. Wave B should now be complete and wave C lower should soon take over for a decline to below 128.92 as wave C of (E) moves closer to at least 124.94. In the short-term, a break below minor support at 132.59 will be the first […]
https://pepperstone.com/en/forex-news/market-review -It’s Anzac day -USD makes fresh gains vs NZD, AUD and JPY. -US 100 index leads stocks lower on interest rate concerns. -The biggest week for US earnings. -Trump hangs tough on Iran as Macron lobbies for a new deal. -The US Dollar rally, is it a short squeeze? The overnight changes and price […]
When the European market opens, there’s no Economic Data will be released, but the US will release the Economic Data such as Crude Oil Inventories, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2297. Strong Resistance:1.2290. Original Resistance: 1.2278. Inner Sell […]
In Asia, Japan will release the All Industries Activity m/m data, and the US will release an Economic Data such as Crude Oil Inventories. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 109.54. Resistance. 2: 109.32. Resistance. 1: 109.11. Support. […]
EURAUD is approaching its resistance at 1.6121 (100% Fibonacci extension, 61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal, causing price to fall to its support at 1.5980 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support). Stochastic (55, 5, 3) is approaching its […]
GBP/USD bounced nicely off its support at 1.3930 (100% Fibonacci extension) where we expect it to rise further if it breaks out of its immediate resistance at 1.3992 (horizontal overlap resistance, descending channel). Once this level is broke, a bullish acceleration would be triggered, causing price to rise to its resistance at 1.4176 (61.8% Fibonacci […]
EUR/JPY Some form of bullish effort was witnessed on this cross. The price is now above the demand zone at 133.00, going towards the supply zone at 133.50, which would be tested and get breached to the upside. The expected directional movement is almost here, and it would become stronger as time goes on. There […]
USD/JPY This currency trading instrument shot skywards and rammed into the supply level at 109.00, and it has met some challenges at that supply level (in a form of pullback). However, the price is supposed to rise further from the current position, going towards other supply levels at 109.50 and 110.00. There a Bullish Confirmation […]
USD/CHF The USD/CHF has continued going upwards, and bulls are still intent on pushing price upwards. The resistance level at 0.9800 is under siege (it has been tested a few times), and it would soon be breached to the upside as price goes further upwards towards the resistance levels at 0.9850 and 0.9900. There is […]
Looking at how sensitively the currency and stock markets react to his twitter, Donald Trump decided to try the strength of his voice on raw materials. According to the US President, in circumstances when the storage facilities are flooded with oil to the very ears, OPEC artificially maintains very high prices. Brent and WTI reacted […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Each Elliott wave has its own “personality.” Learn about the market’s recent characteristics, and what they suggest about the stock market’s next big move. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming labor […]
The US dollar broke above the 109-yen level for the first time since early February this week, taking the dollar bears, who have been betting on more losses for the beleaguered greenback, by surprise. The sudden shift to a more bullish sentiment, in the short term at least, comes amid a surge in US Treasury […]
The total crypto market cap has exceeded the $400 billion mark for the first time since March 8. This time, the major altcoins are leading the growth, while Bitcoin has demonstrated a moderate dynamic. It is likely that recent optimism has inspired investors, who see altcoins as a cheaper and more comfortable way to invest […]
The Australian Bureau of Statistics (ABS) released the consumer prices data for the first quarter. This is a very important set of data because it tells investors, traders, and policy makers about the status of inflation in the country. The data missed what investors were anticipating. In the quarter, consumer prices rose by 0.4%. This […]
Plane-maker Boeing will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Aerospace & Defense, its peer group. The Chicago-headquartered firm is forecast to have made $2.58 in earnings per share (EPS) during the first […]
Soybean futures for May delivery have already erased half of their gains made from April 3 to April 14 and are now consolidating losses near three-week lows in the four-hour chart. In the short-term, the downward pattern could remain in place as long as the SMAs trend to the downside and prices hold below them. Still, […]
EURGBP accelerated sharply higher in the previous week but it has struggled to extend its gains over the last hours. The pair remains in a slightly downward-tilting channel, which has been in place since September 2017. The longer-term neutral to bearish outlook was recently confirmed again when the pair touched an 11-month low of 0.8620 on April 16. In the near-term, […]
All our upside target which we predicted in the previous analysis have been hit. USD/JPY is still expected to trade with bullish outlook. The pair accelerated on the upside after breaking above the upper boundary of the rising channel. Both rising 20-period and 50-period moving averages play support roles. The relative strength index shows upward […]
Economic Calendar is relatively light on this Wednesday, but some publications will be available, so let’s take a look. Swiss UBS Consumption Indicator for March is out first at 6 o’clock in the morning. Consumption indicator improved in February, rising from 1.44 in January. French consumer confidence for April follows at 6:45 AM. Confidence was […]
It’s time for the midday snapshot where we assess the performance of the traders until 12pm gmt this Tuesday. First up is the EUR/USD where the biggest move was a drop of 42 pips, however the pair rebounded to sit point 10% in the green at midday. Sentiment is neutral and trading has been average […]
The Japanese Yen has been weakening following a dovish statement from the Bank of Japan Governor, Hurohiko Kuroda. In an interview, Kuroda said Japan will consider removing its loose monetary policy as soon as inflation meets the 2% target. However, Japan’s latest inflation reading was 0.5% for the 12 months leading to March. Kuroda added, […]
GOLD MINING shares rose as the broader stock market rallied Tuesday while the rise in US bond yields paused with 10-year rates just shy of 3%. Gold bullion prices bounced $5 per ounce from yesterday’s 2-week low, touching $1328 as London opened for business. That left gold little changed around last Friday’s finish […]
Ebay stock price has been retreating in the past two trading days following the strong pullback on the 43.00 handle on Friday. When looking at the bigger picture the price has been trading higher since June 2016 after its rally from 22.29 support level. In the weekly timeframe, the 50-simple moving average (SMA) is ready for a bullish […]
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 yesterday. Since April 13, […]
The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $9.266. In a little more than three weeks time the Bitcoin (BCH) network will hard fork by upgrading its block size to 32MB and incorporate additional functionalities to the protocol. Currently, the entire community is steadily preparing for the […]
Recently, the Gold has been trading downwards. As I expected, the price tested the level of $1,321.90. According to the H1 time – frame, I found a potential end of a bullish corrective phase, which is a sign that buying looks risky. The trend is still bearish and my advice is to watch for potential […]
Here are the latest developments in global markets: FOREX: The dollar index was consolidating around 91.00 in the early European afternoon, its highest level reached since mid of January despite 10-year US Treasury yields retreating further below the 3.0%. Easing geopolitical and trade tensions were also supportive to the greenback as safe-havens continued to lose attractiveness, […]
Recently, the GBP/USD has been trading downwards. As I expected, the price tested the level of 1.3919. Anyway, according to the M15 time frame, I found a potential end of the bullish corrective phase (ABC), which is a sign that buying looks risky. The trend is still bearish and my advice is to watch for […]
Overview: The USD/CHF pair is showing signs of strength following a breakout of the highest level of 0.9767. On the H4 chart. The major support is seen at the level of 0.9710. the level of 0.9710 coincides with 61.8% of Fibonacci, which is expected to act as minor support today. Since the trend is above […]
