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Overview: The NZD/USD pair is rising from the level of 0.7305 in the long term. It should be noted that the support is established at the level of 0.7305 which represents the daily pivot point on the H4 chart. The price is likely to form a double bottom in the same time frame. The NZD/USD […]
The British credit card issuers are afraid that people will get into debt if they buy cryptocurrencies and the prices will continue to fall. The Lloyds Banking Group will issue a statement to its nine million credit card users today. According to reports, the bank will block all attempts to buy cryptocurrencies using credit cards. […]
The biggest sell-off in the SP500 index for six years has influenced the Asian session, and evidence of increased risk aversion can also be seen in the forex and commodity markets. The RBA kept the cash rate unchanged, but it was not without the dovish tone. On Tuesday 6th of February, the event calendar is […]
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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:Technical Analysis – EURCHF ticks up after strong losses April 16, 2024 EURCHF remains beneath uptrend […]
Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Tuesday, after posting some gains yesterday. The currency’s broader decline appears to have been halted, at least for now, as investors appear to be focused more on the collapse seen in stock markets. STOCKS: US markets suffered one of their […]
Overview: Pivot: 0.9333. The USD/CHF pair is still trading in downwards from the spot of 0.9377/0.9333. The price of 0.9377 represents the first resistance on the H1 chart. The pair fell from the levels of 0.9377 and 0.9333 to the bottom around 0.9393. Today, the first resistance level is seen at 0.9333 and 0.9377 followed […]
USD/JPY is under pressure. The pair keeps trading on the downside and around the lower Bollinger band. Very strong downward momentum is indicated by the relative strength index, which has broken below the over-sold level of 30 while showing no signs of a bullish divergence. Intraday bearishness persists, and a break below the immediate support […]
Our upside targets which we predicted in the previous analysis have been hit. USD/CHF is expected to continue the upside movement. The pair stays above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is bullish and calls for a further advance. The downside […]
The Dollar index is trying to break above the 4-hour cloud. Trend is neutral as price has entered the 4-hour cloud. Medium-term trend remains bearish though. A bounce in the Dollar index is long overdue and we most probably have started a counter trend bounce. In the 4-hour chart the Dollar index has support at […]
All our downside targets which we predicted in previous analysis have been hit. GBP/JPY is under pressure. The pair accelerated on the downside. In addition, the downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index has broken down its oversold level of 30. Hence, as long as […]
These are the Dukascopy Daily Trading Signals for Tuesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Technical studies are mostly neutral in both the short and long terms for the Euro/Dollar. Mid term brings 4 sell signals, but the 32% long interbank is bullish. The Cable’s hourly models show mixed […]
GBPUSD fell as low as 1.3936, a level that is standing near the 20-day simple moving average during today’s Asian session. The pair tumbled aggressively in the last couple of days and the risk is still to the downside as price continues to move with weak movement. Also, the short-term technical indicators are bearish and […]
Gold price remains inside a trading range of $1,330-$1,347. Trend is bearish as price remains below the 4-hour Kumo. Early today, price is testing cloud resistance. Bulls need to be careful as long as price is below the Kumo. Black rectangle – resistance Gold price shows rejection signs at the 4-hour Kumo. Resistance at $1,347 […]
Breaking forecast 02/06/2018 “Black Monday” in the US market mixed markets’ cards. On Monday, the main event for the markets was the strongest fall in the US stock market. The main US indices fell by -4 – 4.5% – a huge drop for one day. Together with the strong fall of Friday, the overall decline […]
Our first downside target which we predicted in our previous analysis has been hit. The pair is under pressure below its declining 20-period and 50-period moving averages, which play resistance roles. The relative strength index is mixed with a bearish bias. Hence, as long as 0.7330 holds on the upside, look for a further decline […]
Morning Report: 07.00 London It is said that stock markets go upstairs and down escalators. This much is true of the current sell-off as 2018’s carefully fought gains are reversing in three brutal sessions. The S&P 500 is now negative for the year, with the Down Jones dropping over 1,000 points since last week’s high. […]
The shock in stock markets continues, as yesterday was the worst since August 2011. US stock markets were some of the worst hit, with the US 30 (DOW) falling -4.60% or 1175.2 points. WTI Crude Oil futures fell 2.70% or $1.82, while Gold has a modest rise given the volatility, up $5.88 or 0.44% to […]
Technical outlook: The EUR/USD daily chart view has been presented here, with the 5th wave being highlighted here. According to the wave count here, the underlying is into its 4th wave within the 5th wave of one higher degree. It remains to be seen where the 4th wave would like to terminate. The area of […]
Wave summary: The failure to rally directly higher has made us review the other possible counts and the possibility of the rally from 1.6518 to 1.7101 being a leading diagonal is high. The wave i/ is larger than the wave iii/, which again is larger than the wave v/. If this count is correct, then […]
Forex Market Reviews: http://thefxlounge.com/#Market-Review -Global Equities continue to sell off overnight. -FX markets are largely unmoved – Bitcoin is below US$6200. -RBA sits tight on rates once more. – US VP Mike Pence heads for Japan. -The EU considers new members. -No innovation in the USA. The overnight changes and price moves to be aware […]
Wave summary: The strong decline from 137.50 confirms that the wave (D) finally has peaked and the wave (E) lower towards the ideal target at 123.43 now is developing. In the short-term, we will be looking for a corrective rally to 135.31 and likely even closer to 135.73 before the next strong decline towards 131.24 […]
Breaking forecast 02/05/2018 EURUSD: Prepare for an upward impulse On Friday, a report on employment in the US was published: The number of new jobs is + 200, 000, higher than the forecast. Unemployment stood at 4.1% – unemployment at the lowest levels since 2007. Before this, the Fed issued a statement on the state […]
That is history’s view at least… GOLD PRICE up, stock market down, writes Adrian Ash at BullionVault. It hardly makes an auspicious first day for Jerome Powell’s tenure as chairman of the US Federal Reserve. Whether the legal scholar and former Fed governor can save the stock market after its near record-breaking […]
The Reserve Bank of Australia will meet for its first interest rate decision for 2018 on Tuesday but a rate hike will be probably off the table. Although the economy recorded solid growth and consumer and business surveys improved since December’s policy meeting, household spending remained a risk, while an appreciating currency signals that this […]
AUDCAD is rising aggressively over the last hourly session and is ready to attempt the 0.9900 psychological level. The price is heading for a re-test of the 0.9910 barrier and if it jumps above it, it would confirm the recent scenario for further gains. When looking in the short-term timeframe, the pair has been developing within […]
GOLD PRICES rallied $5 per ounce from Friday’s $20 drop in London trade on Monday, rising to $1335 against a stronger US Dollar as a sell-off hit world stock markets for the 5th time in 6 trading days. With former Fed governor Jerome Powell today replacing Janet Yellen as chair of the world’s single […]
The UK’s FTSE 100 share index fell to its lowest level in two months as global equity markets plummeted amid worries about inflation and rising bond yields. On Monday, the index was on track for its fifth day of losses. This is the longest losing streak since November. The weakness in global equity markets was […]
Gold is trading higher in the last few hours, following the strong rebound on the 1327 support level and successfully surpassed the 23.6% Fibonacci retracement level at 1335 of the last big upward movement with the low of 1236 and the high of 1366. In the 4-hour chart, the technical indicators seem to be turning positive. The […]
