Analysis of Trades and Trading Tips for the British Currency The test of the price at 1.2123 in the afternoon coincided with the moment when the MACD indicator was just starting to move down from the zero mark, which generated a sell signal according to scenario #1. As a result, the pair was down by […]
Analysis of Trades and Trading Tips for the European Currency The test of the price at 1.0542 occurred when the MACD indicator had just started to move down from the zero mark, which served as a confirmation of an entry point for short positions. As a result, the pair fell by 20 pips. The Federal […]
Technical analysis: BTC/USD has been trading upside and I found breakout of the trading range in the background, which is good sign for the further upside continuation.Anyway, for the confirmation I would like to see re-break of the $36.000 level. Due to the breakout of the trading range and strong upside momentum this morning, I […]
Technical analysis: AUD/USD has been trading upside and I found breakout of the trading range in the background, which is good sign for the further upside continuation. Due to the breakout of the trading range and strong upside momentum this morning, I see potential for the further rally towards the next upside reference. Upside objective […]
Technical analysis: Gold has been trading upside in last 10 hours and I found rejection of the support at $1.970 in the background but the key resistance at $1.990 is on the test. In case of the rejection of the resistance at $1.990, there is potential for the downside movement towards $1.970 In case of […]
Crypto Industry News: The management of SafeMoon, once one of the most popular meme cryptocurrencies comparable to the famous Dogecoin due to its astronomical increase in value, is in trouble. The US Securities and Exchange Commission (SEC) has brought a number of serious charges against them that will be difficult for them to overcome. These […]
Crypto Industry News: At the November meeting of the US Federal Reserve’s Open Market Committee (FOMC), officials decided on another consecutive pause. This is another such move after the pause in September and June. Last time interest rates increased in the USA in July – by 25 points, to the levels of 5.25 and 5.50 […]
Technical Market Outlook: The GBP/USD pair traders position themselves ahead of BoE interest rate decision today and the market had returned to the 61% Fibonacci retracement located at the level of 1.2201. For now it looks like another Bearish Engulfing candlestick pattern is in progress at the top of the move, but it all might […]
Technical Market Outlook: The EUR/USD pair had again from the level of 1.0524 and is currently trading in the middle of the range. The trader are positioning themselves ahead of the ADP data release this afternoon, so the volatility might be lower than usual. The nearest technical resistance is located at the level of 1.0626 […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.0580 as a possible entry point. The pair grew, but a false breakout was not formed near 1.0580. For this reason, I was not able to enter short […]
GBPUSD slightly higher today as market digests Fed meeting It tests again the July 14 aggressive descending trendline Momentum indicators remain muted ahead of next key event GBPUSD is trading slightly higher, testing the resistance set by the July 14 downward sloping trendline that has defined the downleg since the July 14 high at 1.3141. The […]
WTI futures decline after rejection at 50-day SMA Found their feet around the 80.00 handle, forming potential double bottom Momentum indicators deep in the negative zone WTI oil futures (December delivery) have been on the retreat since their October peak of 89.85. In the near term, the price’s repeated inability to conquer the 50-day simple moving average (SMA) […]
The Federal Open Market Committee decided to keep the refinancing rate unchanged but still left the door open for further interest-rate hikes in the future. In theory, this should have prompted the US dollar to rise further. However, that didn’t happen. In fact, the pound even returned to the levels it was at the day […]
nalysis of EUR/USD 5M EUR/USD changed direction several times on Wednesday, but at the end of the day, the closing rate was the same as the opening rate. However, the quotes have edged up. In general, not much has changed over the past day. There were plenty of important news and events, but the euro […]
Technical outlook: EUR/USD again rallied through 1.0600 in early trading hours on Thursday after dropping through the 1.0500-10 range on Wednesday. The single currency pair is seen to be trading close to 1.0595 at this point of writing and could possibly push through the 1.0600-20 range before reversing lower again. A break below 1.0500 would […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
We continue to look for a firm break above minor resistance at 70.44 confirming that wave 3 is unfolding towards at least 131.05 and likely much higher. Upon a break above minor resistance at 70.44, the first sub-target is seen at 76.64, but we expect much more upside as Litecoin is gaining bullish momentum. Support […]
We continue to look for a firm break above minor resistance at 70.44 confirming that wave 3 is unfolding towards at least 131.05 and likely much higher. Upon a break above minor resistance at 70.44, the first sub-target is seen at 76.64, but we expect much more upside as Litecoin is gaining bullish momentum. Support […]
We continue to look for a firm break above resistance at 1.0617, confirming that wave 2 has been completed and wave 3 towards at least 1.2085 is in progress. A firm break above minor resistance at 1.0617 will push the instrument up to 1.0805 as the first target, but as wave 3 is unfolding, much […]
With the appearance of deviation between Gold price movement wit RSI indicator on its 4 hour chart, then in the near future, Gold has the potential to appreciate stronger to the level 2008,92 as the main target and 2047,71 as the second target. But, if on the way to the targets that has been mentioned […]
If we look on the 4 hour chart of Nasdaq 100 index, there is the deviation between its price movement with CCI indicator as well as the apperance of Bullish 123 pattern which follow by the appearance of some of Ross Hook (RH), then this is signaled that in the near future #NDX has the […]
Early in the European session, gold is trading around 1,986.25, within a downtrend channel formed since October 30, above the 200 EMA, and above the 21SMA. Yesterday, gold reached a low of 1,969. From there, it is bouncing with an upward bias. In view of the fact that gold is above the key level of […]
The XAU/USD chart currently shows a neutral overall momentum, indicating a lack of a strong directional trend. In this scenario, the price is expected to fluctuate between the 1st support at 1974.67 (overlap support) and the 1st resistance at 1992.18 (overlap resistance). These levels are significant, with the support potentially attracting buyers at 1974.67 and […]
EUR/USD So, yesterday’s Federal Reserve meeting, including Fed Chair Jerome Powell’s press conference, turned out to be entirely neutral. However, neutrality confirms the central bank’s readiness for a softer stance. Markets did not initiate a false bearish move (as we expected) and have turned to play against the dollar. The euro fell just a few […]
GBP/USD At the end of Wednesday, the pound closed at the opening level due to the neutral outcome of the Federal Reserve meeting. The pound tried to test the target support level at 1.2070. Now, when the quote surpasses the October 31st peak at 1.2199, it will open up the target range of 1.2271/87. Afterward, […]
AUD/USD The Australian dollar has surged on the back of increased risk appetite and the Federal Reserve’s neutral stance. Yesterday, the S&P 500 closed the day with a 1.05% gain, and this morning the S&P/ASX200 is up by 1.27%. The yield on 5-year US government bonds fell from 4.84% to 4.63% yesterday. On the daily […]
Analysis of macroeconomic reports: There will be few macroeconomic events on Thursday, and none of them are crucial. might pay attention to the Manufacturing PMIs in the European Union and Germany, but these will be the final estimates, which usually do not differ significantly from the initial ones. Moreover, both PMIs are well below the […]
On Thursday, November 2, the Bank of England will hold its second-to-last meeting of the year. In the lead-up to this event, the GBP/USD pair has been behaving rather cautiously, with the price range narrowing to levels between 1.2100 and 1.2160. However, low volatility has been observed for the second consecutive week. Since October 25, […]
