AUDUSD breaks familiar resistance zone after dissapointing NFP data Technical signals improve, but some caution necessary AUDUSD rose rapidly in the wake of a weaker-than-expected US jobs report, crossing above the long-term constraining line from the 2020 low at 0.6450 after a couple of failed attempts. The RSI has finally advanced above its 50 […]
Trade analysis and tips for trading the British pound The test of the price at 1.2195 occurred at a moment when the MACD indicator had just started moving downward from the zero mark, confirming the correct entry point for selling the pound in anticipation of weak data on service sector activity. However, after a 10-point […]
Trade analysis and tips for trading the European currency The seller’s attempts failed. The test of the price at 1.0624 occurred when the MACD indicator had just started moving downward from the zero mark, confirming the correct entry point for selling the euro. However, the pair never dropped as expected, resulting in losses being incurred. […]
The EUR/USD pair continued its upward movement on Thursday and once again tested the corrective level of 23.6% (1.0644), reaching the previous peak. Near this peak, a reversal in favor of the US dollar occurred, and the pair closed below 1.0644, which now allows us to anticipate further downward movement back to the level of […]
On the hourly chart, the GBP/USD pair confirmed yesterday’s close above the level of 1.2175, allowing traders to expect further growth towards the next corrective level of 161.8% (1.2250). A bounce from this level will work in favor of the US dollar, leading to a decline towards 1.2175. Closing quotes below the level of 1.2175 […]
The GBP/USD pair updated a one-and-a-half-week high yesterday, marking at the level of 1.2224. Not a remarkable achievement, but a fact nonetheless. It’s important to understand that the upward rebound of GBP/USD is primarily driven by the weakening of the greenback, rather than the strengthening of the British currency. The Bank of England did not […]
As of this writing, USD/CAD was trading near the level of 1.3743, within the midrange of today’s narrow range between the levels of 1.3760 and 1.3727. In general, USD/CAD remains in the zone of medium-term support—above the level of 1.3485 (200 EMA on the daily chart), long-term support—above the level of 1.3160 (200 EMA on […]
The pound sterling rose following the Bank of England’s meeting. Yesterday, Bank of England Governor Andrew Bailey stated that it was too early to consider rate cuts. However, financial markets have different ideas. After the UK’s central bank paused its fastest tightening in three decades, traders now expect three rate cuts of a quarter point […]
Reserve Bank of Australia could raise rates on Tuesday. British GDP data will be crucial for sterling’s fortunes. 0:00 Intro 0:08 RBA 2:18 Aussie 2:55 UK GDP 4:07 Pound For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article: https://www.xm.com/research/analysis/previews/xm/week-ahead-rba-rate-decision-and-uk-growth-on-the-radar-188562 Risk Warning: Our services […]
Reserve Bank of Australia could raise rates on Tuesday Chinese trade and inflation stats also in the spotlight UK economy likely contracted in Q3 – can sterling hold on? RBA decision will be a close call With most of the major central bank decisions in the rear-view mirror and volatility in bond markets coming […]
For now, the euro is in demand following the decision of the US Federal Reserve to keep interest rates unchanged. According to Isabel Schnabel, a member of the Executive Board of the ECB, the European Central Bank’s fight against inflation might require another interest rate hike. She stated in her speech on Thursday, “After a […]
Technical analysis: GBP/USD has been trading sideways at the price of 1.1220 and it is still trading inside of the symmetrical triangle pattern. There is potential for the breakout in the net period. In case of the upside breakout of the resistance at 1.2285, there is potential for the growth towards 1.2460 In case of […]
In my morning review, I mentioned the level of 1.2184 as a possible entry point. Let’s have a look at what happened on the 5-minute chart. A fall to this level and its false breakout generated a good entry point into long positions, sending the price up by more than 30 pips. For the second […]
GBPJPY resumes muted tone despite bullish breakout Nearby support levels keep the focus on the upside GBPJPY could not capitalize from Tuesday’s surge above the short-term resistance trendline, staying muted around the 183.55 area. The RSI is above its 50 neutral mark, although weaker, and the MACD is keeping its footing above its red […]
US 500 cash index trades sideways today after strong rally Impressive weekly rebound amidst key market events Momentum indicators cautiously supportive of current upleg The US 500 cash index is trying to record its fifth consecutive green candle and further increase the 5% jump recorded this week. It is now preparing to test the resistance […]
September has become another significant month for gold purchases by central banks worldwide, according to Krishan Gopaul, senior analyst at the World Gold Council. Data from IMF shows global gold reserves of central banks increased by 78 tons in September. The gross volume of sales amounted to just 1 ton, which was offset by a […]
Technical analysis: Gold has been trading upside this morning but the key resistance at the price of $1.991 is on the test. There is potential for the rejection or the upside continuation. In case of the rejection of the resistance at $1.991, there is the chance for the downside movement towards $1.971 and $1.961 In […]
Potential for the downside movement on the BTC The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Can Q1 earnings season refuel the equity market rally? –… April 7, 2024 Earnings parade unofficially starts on […]
Analysis of Trades and Trading Tips for the British Currency The test of the price at 1.2199 in the afternoon coincided with the moment when the MACD indicator had risen significantly above the zero mark, which limited the pound’s bullish potential. For this reason, I did not buy, especially after the Bank of England announced […]
Analysis of Trades and Trading Tips for the European Currency The test of the price at 1.0645 occurred when the MACD indicator was far enough from the zero mark, which clearly limited the pair’s bullish potential. For this reason, I did not buy the euro and I was right. By the middle of the U.S. […]
Yesterday, EUR/USD generated several signals to enter the market. Now, let’s look at the 5-minute chart and try to figure out what happened there. In my previous forecast, I told you to take notice of 1.0604 and recommended making decisions on entering the market from there. The growth and a false breakout at this level […]
Technical analysis: BTC/USD has been trading downside today and I found fake breakout of the symmetrical triangle in the background and potential for the further downside movement. Due to the fake breakout of the triangle pattern in the background and return into the range, I see potential for the further drop towards lower referenes.. Downside […]
Let’s take a look at the technical picture of EUR/USD, Gold and SP500 ahead of NFP-Payrolls data release from the USA. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Forecast for EUR/USD pair on April 5, 2024 April 7, 2024 The EUR/USD pair on Thursday rose to the corrective level…Why is gold […]
Overview of trading and tips on USD/JPY The test of 150.29 occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the correct entry point to sell the pair. As a result, USD/JPY dropped by 45 pips, but we did not reach the target level. […]
Dollar slides as Fed pours more cold water on hike expectations Spotlight turns to US employment report for October Pound receives little boost from BoE’s hawkish hold Wall Street cheers potential interest-rate peak, earnings help Dollar on the back foot ahead of NFP report The US dollar traded lower against all the other major currencies […]
Yesterday, the pair formed some great market entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.2161 as a possible entry point. A decline and false breakout at this mark produced a great buy signal, sending the pair up by 40 pips. […]
Crypto Industry News: The outstanding football team from Bulgaria, PFC Botev Plovdiv, is introducing a modern payment method for its fans. From now on, club supporters have the opportunity to pay with Bitcoin cryptocurrency. This applies to purchases in souvenir shops and catering outlets at the stadium. Anton Zingarevich, president of the club, expressed enthusiasm […]
Crypto Industry News: St.Galler Kantonalbank (SGKB), one of the largest banks in Switzerland, is entering the world of cryptocurrencies by introducing the possibility of trading Bitcoin and Ethereum for its customers. SGKB has partnered with global cryptocurrency-focused bank, SEBA Bank, to offer digital asset custody and brokerage services to its clients. Announcing the news on […]
Technical Market Outlook: The GBP/USD pair has been seen developing the Bearish Pennant price pattern on the H4 time frame chart, which might result in a breakout to the downside soon. The intraday technical resistance is located at 1.2222 and the intraday technical support is seen at 1.2094. The momentum on the H4 time frame […]
Technical Market Outlook: The EUR/USD pair had bounced from the level of 1.0524 and broke out above the 50 and 100 MA zone around 1.0590. The traders are positioning themselves ahead of the NFP-Payrolls data release this afternoon, so the volatility might be lower than usual and the market should be trading inside the range. […]
