USD/JPY is approaching its resistance at 109.19 (76.4% Fibonacci retracement, 50% Fibonacci retracement, long term 61.8% Fibonacci extension) where we expect to see a reversal, pushing price down to its support at 107.94 (100% Fibonacci extension, 38.2% Fibonacci retracement, 61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 99% where we expect […]
Who flies high – painfully falls. On April, the pound sterling reached the highest mark since the referendum on the membership of Britain in the EU, it fell down after the “dovish” comments of Mark Carney. The head of the Bank of England said that the markets overestimate the chances of raising the repo rate […]
Inflation in Australia failed to meet the Reserve Bank of Australia’s price target in the fourth quarter of 2017, similar to many other major economies, and updates on consumer prices adjusted for volatility early on Tuesday are expected to say the same story, kicking any hopes of a rate hike further into the future. At 0130 GMT on Tuesday, data prepared by the Australian Bureau […]
Our first upside target which we predicted in previous analysis has been hit. USD/CHF is still trading on the upside. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index lacks downward momentum. The downside potential should be limited by […]
GBP/JPY is expected to trade with a bearish outlook. Despite the recent rebound from 150.60, the pair is still capped by a declining 50-day moving average. The upside potential should be limited by the key resistance at 151.70. Even though a continuation of a technical rebound cannot be ruled out, its extent should be limited. […]
All our targets which we predicted in yesterday’s analysis have been hit, NZD/USD is still under pressure and expected to continue its downside movement. The pair is holding on the downside and is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index […]
The GOLD / SILVER RATIO rose from near 2-month lows in London trade on Monday as both metals fell against a rising Dollar after new US data beat analyst forecasts. With manufacturing activity and sales of existing homes both stronger than Wall Street predicted, world stock markets held flat as falling bond prices saw […]
Tech giant and Google-parent Alphabet is scheduled to release its earnings report for Q1 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, the same as the average consensus recommendation for the Online Services peer group. Alphabet’s quarterly earnings per share (EPS) are anticipated to come in at $9.28 […]
Overview Gold is trading downwards steeply to attack 1,331.00 level and is moving below it now. This opens the way to continue the bearish bias for the rest of the day, activating the bearish scenario on the intraday basis. 1,316.48 is most likely to be tested. Therefore, the bearish trend remains valid for the upcoming […]
Overview Silver is still trading quietly with a downward bias on its way to test 16.56 level. As long as the price is holding above this level, our bullish overview remains valid, supported by the EMA50. Please note that breaching 17.43 is required to push the price towards 18.30 that represents our next main target. […]
U.S. stocks closed lower on Friday, with the selloff eroding much of the week’s gains. Equities were pressured by a decline in Apple, after cautious analyst reports cast doubts about iPhone sales. Moreover, the yield on the 10-year US Treasury is rising and is close to 3%, a level which has previously caused a bearish […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024 The wave analysis of the GBP/USD pair remains quite complex…Analysis for EUR/USD pair on April 18th. Dull ending to a… […]
Verizon stock is looking more neutral to bearish in the near term as prices have slipped and have remained below the 49.20 strong resistance level since February 20. Although prices have found support from the 20- and 40-day simple moving averages the upside momentum appears to have run out of steam as prices have been attempting and failing […]
Trading continues on this Tuesday, so let’s see what economic releases are scheduled for publication. German IFO Business Climate for April opens this agenda at 8 o’clock in the morning. Strong sentiment among German businesses weakened slightly in March. The ifo Business Climate Index declined to 114.7 from 115.4 points in February. UK public sector […]
It’s time for the midday snapshot where we assess the performance of the traders until 12 pm gmt this Monday. First up is the EUR/USD which has posted a drop of 65 pips to leave the pair trading point 31% in the red at midday. Sentiment is neutral at 5% long and trading has been […]
Last week, the focus among traders was mostly on politics and the earning season. During the week, the final batch of large banks such as Goldman Sachs and Bank of America released their earnings that excited the markets. Nonetheless, the stocks markets ended the week largely flat from where they had started the week. Bank […]
The USD/JPY pair reached a five year high of 125.50 in 2015, ending a three-year rally. Then, the pair started moving lower and reached a low of 99.03 in 2016. Since then, the pair has not had major moves and has traded between a range of 118 and 104. To starters, the USD/JPY pair is […]
As crucial meetings with significant geopolitical importance approach, global investors and traders will be on edge for important clues. Later this week, South Korean and North Korean leaders will meet with a bid to resolve the decades’ old long war. The two countries have been in a technical war for more than 50 years. This […]
Here are the latest developments in global markets: FOREX: The dollar picked up speed as the 10-year US Treasury yield continued to trend near 3.0%, the highest since early 2014, underpinned by concerns that increasing oil prices could spread inflationary pressures, while a rise in US debt issuance was also supportive for the jump in yields. Besides that, Saturday’s news out of North […]
The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Outlook for EUR/USD on April 5. The inconsistent market and… April 8, 2024 Analysis of EUR/USD 5M EUR/USD tried to start a logical…Technical Analysis of Intraday Price Movement of Filecoin… April 7, 2024 With the appearance of the Bullish 123 pattern which is…Technical Analysis […]
In the wake of a surprise announcement from Bank of England (BoE) Governor Mark Carney that UK rates may now not go up in May, as the markets had been pricing in, Chris Watling, from Longview Economics, joins Jeremy Naylor. ► Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 ► Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom […]
Overview: The GBP/USD pair continues to move downwards from the level of 1.4122. Last week, the pair dropped from the level of 1.4122 (this level of 1.4122 coincides with the major resistance) to the bottom around 1.3965. Today, the first resistance level is seen at 1.4043 followed by 1.4122, while daily support 1 is found […]
For the last months, the market has been dominated by the conviction that the US Dollar has many reasons to be weaker and yet since February, this pessimistic approach cannot find confirmation in the dollar index behavior. The Friday surprising US government bond yields give the dollar a fresh boost, and the investors’ reluctance to […]
Trading plan 04/23/2018 The overall picture: the turn towards the dollar. The week closed against the backdrop of the dollar strengthening. The given statement by the head of the Bank of England is important saying that the Bank of England rate hike will probably be postponed. The pound is under pressure and within the range. […]
It’s time to check that your broker is not misleading you by watching this week first spike controller. We begin with the Euro-Dollar pair which has a daily average spread of point 44 pips and maximum daily spread of a single pip. the high and low difference is over half a percent or 64 pips. […]
EUR/JPY The EUR/JPY pair is bullish in the near term, but the bullishness in the market is very weak. Price did almost nothing last week, save some consolidating movement throughout the week. The consolidation may continue this week, but a breakout is imminent, which would most probably favor bears. Thus, the demand zones at 132.00, […]
USD/JPY The USD/JPY pair is bearish in the long term, and bullish in the short term. After price rammed into the demand level at 105.00 on March 23, it has gone upwards by 280 pips since then. Price closed above the demand level at 107.50 on Friday and it may even reach the supply levels […]
USD/CHF This pair has been going upwards. The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, the price has gained 550 pips (gaining 220 pips in this month alone), closing around the resistance level at 0.9750 on […]
EUR/USD has been quite impulsive with the bearish gains recently after bouncing off the 1.24 price area with a daily close. After certain consolidations previously, the positive economic reports of USD helped the currency to gain momentum over EUR, ahead of the upcoming EUR Minimum Bid Rate report to be published this week. Though the […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $8.982 and reached first objective target. The current president and chief executive officer of the San Francisco Federal Reserve Bank, and the man expected to soon be the New York Federal Reserve Bank, John Williams, has rejected the suggestion […]
