For the last trading day, the currency pair Pound / Dollar showed an extremely high volatility of 194 points having a result of 100% fulfillment of the previously set forecast. From the point of view of technical analysis, we see a pulsed upward movement, which we have been waiting for since last week, while talking […]
Signals for the EUR / USD pair: A breakout on the level of 1.1393 will lead to the growth of the euro in the area of 1.1432 and 1.1459. On the other hand, a breakdown of 1.1368 will lead to sales of the euro in the area 1.1344 and 1.1317. Signals for the GBP / […]
EUR / USD pair On Tuesday, the euro gained just over 30 points, almost reaching the target level of 61.8% Fibonacci retracement on the H4 chart. The closing of the day and the opening of today’s session took place below the daily balance line. On the four-hour chart, a price divergence began to form with […]
GBP/USD On Tuesday, the British pound added 156 points, reaching the target level of 1.3257. Today in the Asian session, the price is consolidating below this level. If consolidation will be delayed a little bit, then another jolt of the price upwards is possible, to the level of 1.3314 – the high on June 22, […]
USD/JPY On Monday, the yen was able to meet the minimum instruction – it reached the target level of 111.14 – the resistance of the trend line of the daily price channel, but failed to gain a foothold above it and returned to the four-hour chart of Krusenstern. Also, the Marlin oscillator signal line on […]
Technical market overview: The EUR/USD pair has completed the consolidation stage and hit the 50% Fibo retracement at the level of 1.1374. After a quick test, it went even higher towards the 61% Fibo retracement located at the level of 1.1407, but failed to hit this retracement yet. The price reversed and is currently moving […]
Technical market overview: The Doji candlestick formation at the level of 1.3140 was invalidated, the same happened with the next Doji candlestick and the price has hit the technical resistance zone located between the levels of 1.3258-1.3304. The next Doji candlestick formation was made again, so it might look like the third time lucky signal. […]
GBP/JPY is following the expected path higher towards the 161.8% extension target at 151.30 for wave iii. Ideally GBP/JPY will accelerate directly higher through resistance near 146.75 for a continuation higher to 148.41 and 149.41 on the way towards 151.30. That said, resistance near 146.75 might cause a minor correction to 144.80 before the final […]
EUR/JPY continues to follow the expected path higher towards the 161.8% extension target for wave iii seen at 133.54. Once the ongoing consolidation is complete and a break above minor resistance at 126.30 is seen, we expect EUR/JPY to start rally more rapidly for towards 129.37 on the way higher to the ideal 133.54 target […]
Technical market overview: Not much has been going on at the market, as the ETH/USD pair is still continuing to trade in a narrow consolidation zone with a little bias to the downside. The price has broken below the level of $135.47 and currently is testing it from below. The nearest technical resistance is the […]
Technical market overview: The BTC/USD pair has been trading inside of the consolidation zone with very limited volatility, although the short-term trend line has been tested again around the level of $3,850. Any violation of this line will result in further down move continuation towards the levels of $3,763 and $3,704. The projected target level […]
Technical outlook: The 4H chart presented for EUR/USD indicates that the single currency pair is approaching resistance soon at the 1.1425 levels as depicted here. We can expect another push higher towards the above, before reversing lower again. With the current wave structure, it seems likely that an impulse is in the making from the […]
When the European market opens, some economic data will be released such as German 10-y Bond Auction, Italian 10-y Bond Auction, Private Loans y/y, and M3 Money Supply y/y. The US will also publish the economic data such as Crude Oil Inventories, Pending Home Sales m/m, Factory Orders m/m, Goods Trade Balance, and Prelim Wholesale […]
In Asia, Japan will not release any economic data today, but the US will publish some economic data such as Crude Oil Inventories, Pending Home Sales m/m, Factory Orders m/m, Goods Trade Balance, and Prelim Wholesale Inventories m/m. So there is a probability the USD/JPY pair will move with a low to a medium volatility […]
Following the active growth observed in mid-February, the US currency came under pressure against the background of a softening of the Fed’s rhetoric and positive expectations about making progress in the United States and China trade negotiations. Does this mean that the strengthening of the greenback, which began in February last year, is nearing completion? […]
For the last trading day, the currency pair Pound / Dollar showed low volatility. However, it is noteworthy that it was only in the upward direction. From the point of view of technical analysis, we see a breakdown of the upper limit of the 1.3000 cluster, and after that, the quote has increased from the […]
More than 20% of the Brent and WTI rallies proved enough for Donald Trump to show his displeasure. He has repeatedly complained that high oil prices are reaching the pockets of ordinary Americans, the US president said on Twitter that the current value of black gold is too high, and urged OPEC to relax. It […]
Thus, exactly in two weeks – on March 12 – the decisive vote on Brexit will take place. This statement was made today by British Prime Minister Theresa May in the House of Commons. Although this will not be the first “decisive” vote on this issue, it is difficult to overestimate the importance of the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 177p – 97p – 69p – 111p – 63p. Average amplitude for the last 5 days: 103p (101p). On Tuesday, February 26, the British pound sterling received a new batch of hopes that the date of Brexit will be postponed for at least two months, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 82p – 46p – 46p – 40p – 41p. Average amplitude for the last 5 days: 51p (52p). On Tuesday, February 26, the EUR/USD currency pair continues to move sluggishly and inactively. Basically, you just have to look at the volatility indicators for the last […]
BTC has been trading sideways at the price of $3.857. Anyway, in our opinion the upward correction came to an end (bearish flag completed), which is a sign that buying looks risky. We do expect more downside on the BTC. Key short-term support is set at the price of $3.611. Short -term resistance at the […]
On December 12, the previously-dominating bearish momentum came to an end when the GBP/USD pair visited the price levels of 1.2500 where the backside of the broken daily uptrend was located. Since then, the current bullish swing has been taking place until January 28 when the GBP/USD pair was almost approaching the supply level of […]
GBP/USD has been trading upwards as we expected. The price tested the level of 1.3220 and reached our first target. According to the H1 time – frame, we don’t see any signs of reversal, which is sign that GBP/USD is expected to still trade higher. The next key resistance level is set at the price […]
To open long positions on the GBP / USD pair, you need: The pound broke above the resistance of 1.3150, which led to the expected target to be near 1.3214, which I paid attention to in my morning forecast. At the moment, the expectations associated with the Brexit postponement can help the GBP/USD pair to […]
The euro continued trading near the upper limit of the side channel, showing very low market volatility recently. The news, stating that consumer sentiment in Germany should remain stable in March of this year, did not really lead to a rise in the euro while many economists expect expectations of the economy to deteriorate in […]
Despite yesterday’s growth, the euro-dollar pair continues to trade in a flat without leaving the border of the 13th figure. However, the results of today can give a tone to trading and “push out” the price beyond the multi-day range. In Tuesday’s economic calendar, it full of events that will take place mainly during the […]
To open long positions on EUR / USD pair, you need: The technical picture of the EUR/USD pair remains unchanged compared to the morning forecast, except for the fact that the pair tried to break above the upper limit of the side channel once again but the attempt was unsuccessful. A breakout and consolidation above […]
Gold has been trading downwards. The price tested the level of $1.324.90. Anyway, according to the H1 time – frame, I found that Gold is in a corrective phase and that a potential bullish flag pattern is in creation which is a sign that upward price is expected. The key short-term support remains at $1.320.50. […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. Bullish fixation above 1.1430 was needed to […]
Overview: The USD/CHF pair continues to move upwards from the level of 1.0003. Today, the first support level is currently seen at 1.0003, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 0.9982, which coincides with the 50% Fibonacci retracement level. […]
