The Gold price continues to trade inside the $1,360-$1,300 range. The price is near the upper boundary and below resistance. There is a danger of seeing a push lower towards $1,300 as long as we remain below $1,350. Magenta line – long-term resistance Black line – short-term support The Gold price is in a bullish […]
The missile attack of the US, the UK, and France in Syria did not make panic on the financial markets yet. The currency market is calm, JPY is the strongest, but USD/JPY stopped the falls before 10 7.10. After AUD and NZD, there is no increase after the recent drops. The Asian stock market is […]
The dollar ended the week with a slight increase, which is natural before the weekend, but the long-term trend is still unclear. The blow to Syria did not lead to a significant reaction of the markets, the demand for safe haven assets practically did not increase, the markets did not see the threat of escalation. […]
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EURUSD has been underperforming in the past two days, failing to extend its gains to the upside. The pair has been developing within a symmetrical triangle since February in the short- to medium-term timeframe, while the price lacks a clear trend. In the longer-term, the single currency has been developing in an ascending movement against the greenback over […]
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-April 16th 2018 Related Posts:Forecast for EUR/USD […]
The US, UK and France took military action against Syrian Government forces over the weekend. Three targets were hit in combined missile and airstrikes, after the US had been in contact with Russia during the week, to give pre-warning and limit collateral damage. The strikes took place after market close on Friday night/Saturday morning, giving […]
When the European market opens, the Economic Data will be released such as the German WPI m/m. The US will also release the Economic Data such as TIC Long-Term Purchases, NAHB Housing Market Index, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m, so amid the reports, EUR/USD will […]
In Asia, Japan today will not release any Economic Data but the US will release some Economic Data such as TIC Long-Term Purchases, NAHB Housing Market Index, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a probability that the USD/JPY pair will move with low […]
https://pepperstone.com/en/forex-news/market-review -US, French & UK forces made a targetted strike on Syria. – the Russian Rouble fell -8.5% over the last week. -BTC & ETH post good weekly gains. -China is not an FX manipulator but India moves closer. -A fresh round of US sanctions against Russia is being prepped. -What any new trade barriers […]
EUR/NZD is following the expected path and is correcting. The minimum corrective target at 1.6793 has already been tested, but we expected a little more correction closer to the 1.6835 – 1.6860 area will be seen before lower again towards the ideal target near 1.6620. The test of 1.6620 will ideally complete the corrective decline […]
EUR/JPY peaked at 132.90, just above our ideal target at 132.82 and is now in a position to reinforce the underlying downtrend towards the long-term ideal target for wave (E) at 123.43. A break below support at 131.75 will confirm wave B has peaked and wave C lower is developing. R3: 133.39 R2: 132.89 R1: […]
NZD/USD bounced nicely off its support at 0.7347 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where we expect to see it rise further to its resistance at 0.7394 (horizontal swing high resistance). Stochastic (34, 5, 3) bounced off its support at 4.2% where we expect to see a corresponding rise. Buy above 0.7347. […]
GBP/USD tested its resistance area at 1.4297 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance), where it reversed nicely off it. We expect to see price drop further to its support at 1.4123 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55, 5, 3) reversed nicely off its resistance at 98%. A bearish divergence […]
In November 2017, evident signs of bullish recovery were expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why a […]
Daily Outlook The EUR/USD pair remains trapped between the price levels of 1.2200 and 1.2500 until a breakout occurs in either direction. Daily persistence above 1.2470-1.2500 was needed to confirm a recent bullish flag continuation pattern with projected targets around the price level of 1.2750. However, significant signs of bearish reversal were manifested around the […]
USDX kept its neutral stance around the 200 SMA at H1 chart, which is helping to cap further gains in the index for the short-term. We’re still expecting a pullback to take place in order to break below 89.36, which should be a move that resumes the overall bearish structure seen in the greenback. MACD […]
GBP/USD continues with the bullish bias across the board, as it managed to break above 1.4205, which was a key level for the bulls. The nearest resistance lies at 1.4283, where the pair should work with a breakout in order to allow additional gains toward the next key barrier at 1.4386. The 200 SMA at […]
We closed out another week where the only thing that mattered was the U.S.’ relationship with the rest of the world. From rising tensions with China to President Trump’s threat to Syria and Republican House leader Paul Ryan, announcing his resignation, investors had many reasons to shun dollars. By the end of the week however, […]
We closed out another week where the only thing that mattered was the U.S.’ relationship with the rest of the world. From rising tensions with China to President Trump’s threat to Syria and Republican House leader Paul Ryan, announcing his resignation, investors had many reasons to shun dollars. By the end of the week however, […]
We closed out another week where the only thing that mattered was the U.S.’ relationship with the rest of the world. From rising tensions with China to President Trump’s threat to Syria and Republican House leader Paul Ryan, announcing his resignation, investors had many reasons to shun dollars. By the end of the week however, […]
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-April 15th 2018 Related Posts:EUR/USD: trading plan […]
When there is consolidation in the “bull market”, you involuntarily ask yourself the question: have we encountered the accumulation of long positions or with the distribution of short positions? The events of the second week of April demonstrate that buyers of the EUR/USD are still confident in their abilities. They were able to withstand the […]
Overview Gold is going on trading higher with the aim of moving away gradually from 1,335.40 level. This keeps the bullish scenario valid for the rest of the day, supported by stochastic positivity. Let me remind you that our next main target is located at 1,365.97, while breaking 1,335.40 represents the negative factor that will […]
Overview Silver traded with a negative bias yesterday after testing 16.80 level that represents resistance of the sideways channel that appears on the chart. Now the price is on the way for a potential test of support at 16.15 of this trading range. Therefore, silver is still trading sideways on the intraday basis, waiting to […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]
In November 2017, evident signs of bullish recovery was expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why, a […]
Auryn Resources has a world-class exploration portfolio of gold, silver and copper projects in Canada and Peru. The experienced and successful team has done several top deals in building and monetizing assets like Cayden Resources which was sold to Agnico Eagle for +200 Mio. $, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You […]
What is the outlook of the EURUSD in Q2? Will the Aussie rebound? How would a potential U.S.-China trade war affect the Japanese Yen? All of these burning questions and more are answered and analysed by FXTM’s expert Market Research team – including Jameel Ahmad (Global Head of Currency Strategy and Market Research) and Lukman […]
All our upside targets which we predicted in yesterday’s analysis have been hit. USD/JPY is expected to trade with a bullish outlook. Though the pair posted a pullback and fell below its 20-period moving average, it is still staying above its rising 50-period moving average. The relative strength index stands firmly above its neutrality level […]
