• AUD/CAD broke major support level 0.9570 • Further losses are likely AUD/CAD continues to fall after the recent breakout of the major support level 0.9570, which has previously reversed the price in last December and in May of this year, as can be seen below. The breakout of the support level 1200.00 accelerated the […]
• Natural Gas rising inside wave 2 • Further gains are likely Natural Gas recently reversed up from the support level 2.900, which also previously reversed the price multiple times in the middle of June, as can be seen below. The upward reversal from the support level 2.900 started the active short-term impulse wave (iii) […]
There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start of the week. On Monday afternoon there was a cautious demand for some risky assets, as investors considered recent sell-off as gone too far. However, investors should be cautions. The key […]
• EURJPY reversed from support zone • Further gains are likely EURJPY continues to rise after the previous sharp upward reversal from the support zone lying between the key support level 125.00 – intersecting with the lower daily Bollinger Band. The upward reversal form this support zone completed the earlier short-term correction (c) of the […]
• Gold broke long-term support level 1200.00 • Further losses are likely Gold today broke below the major, long-term support level 1200.00 – the last time this support level reversed the price was in May of 2016, as can be seen below. The breakout of the support level 1200.00 coincided with the breakout of the […]
The collapse of the Turkish lira spreads its toxic influence on the European and EM financial markets. Asian bourses have been losing more than 1% at Monday morning amid the increased demand for safe-haven assets. The futures on S&P500 lose 0.1% at the start of Monday trades, falling for the fourth trading session in a […]
The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of the US currency from the current levels would mean the end of the consolidation period, which has lasted since May, when the index has fluctuated in a relatively narrow range. […]
• Silver rising inside minor corrective wave (ii) • Further gains are likely Silver continues to rise inside the minor corrective wave (ii) which started recently from the combined support zone lying between the key support level 15.30 (which has been reversing the price from the middle of July) and the lower daily Bollinger Band. […]
• NZDCHF broke support zone • Further losses are likely NZDCHF recently broke sharply through the support zone lying between the support levels 0.6650 (which stopped the previous impulse wave 1) and 0.6700 (which has been reversing the price from last November). The breakout of this support zone accelerated the active short-term impulse wave 3 […]
This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes, this time result in increased volatility. So far we have seen this in the EM currencies that have been subjected to sanctions or tariffs from the United States. […]
• EURGBP broke resistance zone • Further gains are likely EURGBP continues to rise after the recent breakout of the resistance zone lying at the intersection of the primary resistance level 0.8950 (which has been reversing the price from last November) and the resistance trendline of the daily up channel from April. The breakout of […]
• Palladium falling inside minor impulse wave (iii) • Further losses are likely Palladium continues to fall inside the minor impulse wave (iii) which started recently from the resistance zone lying between the resistance level 935.00 (former support from June and July) and the 50% Fibonacci correction of the previous downward impulse from June. The […]
Financial markets rise on positive sentiments about earnings and China’s fiscal stimulus. That pushed down the demand for USD, but more likely it is just a step back before the jump. American indices added yesterday on strong earnings reports, where tax cuts were favourable for profit. Asian indices in the morning add on speculation that […]
• AUDNZD broke key resistance level 1.0960 • Further gains are likely AUDNZD continues to rise inside the short-term impulse wave 3, which recently broke above the key resistance level 1.0960 (which has reversed the price numerous times from the end of May, as can be seen below). The breakout of the resistance level 1.0960 […]
• Wheat reversed from powerful support area • Further gains are likely Wheat recently reversed up sharply from the powerful support area lying between the key support level 550.00 (former multi-month resistance from May) and the 38.2% Fibonacci correction of the previous upward impulse (1). The upward reversal from this support area started the active […]
The demand for dollar, provoked by the fears of new US sanctions against a number of countries and expanding trade conflict with China push the American currency close to the upper edge of the trading range since April. The threat of sanctions and tariffs from the United States puts pressure on a large part of […]
• GBPCAD key support level 1.7050 • Further losses are likely GBPCAD continues to fall after the earlier breakout of the key support level 1.7050 (which stopped the sharp intermediate impulse wave (A) at the end of May, as can be seen from the daily GBPCAD chart below). The breakout of the support level 1.7050 […]
• Copper falling inside short-term impulse wave 3 • Further losses are likely Copper continues to fall inside the short-term impulse wave 3, which started recently from the strong resistance level 285.00 – intersecting with the upper daily Bollinger Band. The active impulse wave 3 belongs to the sharp, medium-term downward impulse wave (3) from […]
The dollar adds at the start of a new week, despite the weak employment growth in July report. The EURUSD pair is trading near the 6-weeks lows at 1.1550. Despite a poor number of jobs created, market participants felt that the Fed would maintain its commitment to the gradual tightening of the policy with two […]
• NZDCAD broke major support level 0.8780 • Further losses are likely NZDCAD continues to fall after the previous breakout of the major support level 0.8780 (which reversed the previous sharp impulse wave (A) in the middle of May, as can be seen from the daily NZDCAD chart below). The breakout of the support level […]
• Natural Gas rising inside corrective wave 2 • Further gains are likely Natural Gas continues to rise inside the short-term corrective wave 2 which started earlier from the strong support level 2.720 (which has been steadily reversing the price from the end of April). The support zone near the support level 2.720 was further […]
“Buy American” was about the slogan that drove the markets yesterday. Apple shares rose by almost 3%, and the capitalization of the company exceeded one trillion dollars. Investors welcomed the growth of revenue and ignored the slowdown in sales growth, which was severely punished in case of Facebook earlier. Apple’s successes have pushed up the […]
• EURCAD broke pivotal support level 1.5140 • Further losses are likely EURCAD continues to fall after the recent breakout of the pivotal support level 1.5140 (which reversed the price in the middle of June, as can be seen from the daily EURCAD chart below). The breakout of the support level 1.5140 should accelerate the […]
• Wheat broke resistance level 555.00 • Further gains are likely Wheat continues to rise after the recent breakout of the key resistance level 555.00 (which stopped the sharp upward impulse wave (5) in May and also at the end of July). The breakout of the resistance level 555.00 accelerated the active short-term impulse wave […]
The US Fed kept its interest rates unchanged and indirectly confirmed the pace for further tightening of the monetary policy. The Fed noted the labour market strengthening, as well as the strong growth in household spending and business investment. The commentary did not provoke any big market reaction as it had expected such outcome. However, […]
• Copper reversed from key resistance level 258.00 • Further losses are likely Copper continues to fall after the recent downward reversal from the key resistance level 258.00 (which also stopped the previous corrective wave (iv) in July, as can be seen below) – strengthened by the 50% Fibonacci correction of the previous downward impulse […]
• AUDCAD falling inside short-term impulse wave C • Further losses are likely AUDCAD continues to fall inside the short-term impulse wave C which recently reversed down from the key resistance level 0.9700 (former support from July) – intersecting with the support trendline from May. The downward reversal from the resistance level 0.9700 created the […]
• CADJPY broke key resistance level 85.70 • Further gains are likely CADJPY continues to rise after the recent breakout of the key resistance level 85.70 (which has been steadily reversing the price from the start of June, as can be seen from the daily CADJPY chart below). The breakout of the resistance level 85.70 […]
• Sugar broke major support level 10.80 • Further losses are likely Sugar today broke below the major support level 10.80 (which stopped the previous sharp medium-term impulse wave (1) at the end of April, as can be seen from the daily Sugar chart below). The breakout of the support level 10.80 is aligned with […]
Last week it became obvious that the Bitcoin had big difficulties with further growth above $8000. During the weekend it held above $8,200 mark, but yesterday it suddenly fell below $7900. Most likely, it was “a belated reaction” on SEC refusal to launch the Bitcoin ETF. Nevertheless, shortly after this rollback new buyers entered the […]
