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 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 1.1420 was needed to enhance […]
On December 12, the previously-dominating bearish momentum came to its 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 taken place until January 28, while the GBP/USD pair was almost approaching the supply level of 1.3240. […]
AUD / USD pair On Thursday last week, the “Australian” expanded the range of the price channel and is currently dropping for the second day from Friday, which is under pressure from the general strengthening of the US dollar. The Marlin indicator on the daily and four-hour charts vigorously turned down. In order to reduce […]
Bitcoin has been trading sideways at around $3,389. The overall short-mid-long term trend is bearish and you should watch for selling opportunities. Using the multi – time frame analysis I found the key resistance to be at $3.460. Daily time frame: On the daily time-frame we found that the swing low at $3.460 in the […]
Overview: The EUR/USD pair above around the weekly pivot point (1.1393). It continued to move downwards from the level of 1.1393 to the bottom around 1.1335. Today, the first resistance level is seen at 1.1393 followed by 1.1426, while daily support 1 is seen at 1.1335. Furthermore, the moving average (100) starts signaling a downward […]
Overview: The USD/CHF pair faced resistance at the level of 1.0031, while minor resistance is seen at 0.9987. Support is found at the levels of 0.9884 and 0.9819. Also, it should be noted that a daily pivot point has already set at the level of 0.9939. Equally important, the USD/CHF pair is still moving around […]
The GBP/USD pair made a successful change in trend behavior from bullish to bearish. The key resistance at 1.3215 held successfully and the sellers started the distribution process. Short-term trend remains bearish. Blue lines – bearish channel GBP/USD is in a bearish trend making lower highs and lower lows. Price is below the Ichimoku cloud […]
Wave counting analysis: The trading on Friday, February 1, ended with a 10 bp rise for the EUR / USD pair. Since the maximum of January 31 was not broken, wave 2 is considered to be completed, and I expect the quotes to continue to decline as part of the future wave 3 of the […]
Buying climax in the background on Gold evolved into larger weakness as I expected. The price tested the level of $1.310.00. We found a confirmed head and shoulders pattern, which is another strong sign of weakness. The key short-term resistance remains at $1.323.00. As long as this resistance is holding, you should watch for selling […]
EUR/USD has pulled back off the 1.15 area as expected but bulls remain in control of the short-term trend. Holding above 1.14 is crucial for bulls and holding below 1.15 is crucial for bears. Red line – trend line resistance Green rectangles – topping patterns Blue rectangles – support levels EUR/USD has so far made […]
Gold price has so far pulled back $13 from its recent highs. Our target of $1,320 has been reached and as I noted in our last few posts, this is the time to take some profits or be neutral in Gold. The pull back has started. Purple lines – bullish channel Although medium-term trend remains […]
To open long positions on EURUSD you need: Today, buyers of the euro once again need to keep the pair above the support level of 1.1436, which will be the first buy signal in order to break through and consolidate above the resistance of 1.1460. Only after this, it will be possible to count on […]
Wave counting analysis: On February 1, the GBP / USD pair lost several dozen base points, which led to an update of the previous local minimum, and that was considered at least wave 4. The fact that the attempt to break through the Fibonacci level of 76.4% was unsuccessful leaves a little hope for the […]
To open long positions on GBP/USD you need: Buyers of the British pound may resume an uptrend, but this will require a breakdown of the middle of the channel in the region of 1.3104, with a fixation above the resistance of 1.3159. Only after this will the prospect of updating the highs in the region […]
Trend analysis (Fig. 1). On Monday, the price will continue to move down. The first lower target is a rollback level of 23.6% – 1.3034 (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend […]
In China, the celebration of the New Moon Year began and throughout the week the activity during the Asian part of the session will be muffled. It can be seen above all on the stock market, which grows where the markets are open. A strong increase in employment in the non-agricultural sector in January (304,000) […]
The euro is holding a growing momentum. The main events took place: the ECB, the Fed. According to Brexit – the situation is moving towards postponing Brexit – but the markets seem to have stopped responding to this topic. Last week, the euro showed the first movement for growth – and until the signal is […]
The picture is fundamental for the next month: The ECB took a super-soft position- no increase in rates until the autumn at least. The Federal Reserve softened its position — perhaps the rate will not increase this year — at least not before the fall. Brexit does not affect the markets – the issue is […]
GBP/USD On Friday, with the release of positive US data on labor, the British pound fell by 26 points, gaining a foothold below the balance lines and Krusenstern on the four-hour chart. The pound also summed up the British Manufacturing PMI, falling in January from 54.2 to 52.8 points. Now the price needs to overcome […]
EUR/USD Last Friday, the US data came out good, but investors are increasingly pondering over data on new places in the non-agricultural sector: 304 thousand jobs were created in January compared to the forecast of 165 thousand, but the December figure was revised lower, as it decreased from 312 thousand to 222 thousand, the unemployment […]
Bitcoin Elliott Wave analysis for 04/02/2019: Wave B is developing, more sideways price action is expected Market technical overview: The BTC/USD market has made the wave (c) top at the level of $3,544 and has reversed towards the level of technical support at $3,438 and now it is consolidating in this area. The orange trend […]
Bitcoin has been quite indecisive and volatile below $3,500. The price dipped below $3,400 recently but managed to push higher in the process. The price is currently residing inside the Kumo Cloud resistance and below 200 EMA dynamic resistance as well. The volatility is still quite strong. After the recent swings, the price is proceeding […]
While some experts point to the growing risk of UK withdrawal from the EU without a deal and believe that the pound’s collapse is just a matter of time, others believe that London will try to postpone Brexit instead, from which the British currency will benefit. In particular, the specialists of Deutsche Bank, who previously […]
The pulling of the rope between a weak euro and a dollar that is actively losing last year’s trumps results in a consolidation development. If in 2018 the US currency actively used such drivers as the acceleration of the US economy under the influence of fiscal stimulus, aggressive monetary restriction of the Fed and high […]
According to the statistical report of the EU Eurostat, the growth rate of consumer prices in the eurozone slowed down in January to a minimum in the previous 11 months. Inflation rose by only 1.4% year-over-year in January, while in December last year, the corresponding figure rose by 1.6%. The index of low index growth […]
The recent dynamics of the euro against the dollar resembles a rollercoaster ride. Hence, initially the ECB signals about the possibility of expanding stimulus measures sent the EUR/USD pair below $ 1.13, but then, the Fed’s hints about a pause in the monetary tightening cycle allowed the single European currency to rise to $ 1.15. […]
Bitcoin has been trading sideways at around $3,411. Our bearish view from yesterday is still active. Since the key support cluster at $3,420 is broken and was successfully retested, we expect downward continuation. I also found a successful breakout of the most recent mini upward Pitchfork channel, which is another sign of underlying weakness. Short-term […]
Buying climax in the background on Gold. The buying climax represents a big sign of weakness, which made Gold trade sideways. So far, I found that buyers don’t have power for another strong push higher, so we exited our both long positions with 3,700-pips profit. Now we are waiting for a potential break of the […]
With the down break of the larger upward Pitchfork channel, the GBP/USD pair changed behavior from bullish to bearish. The key support at 1.3055 is broken and this is a good confirmation of weakness. I also found a breakout of the upward mini Pitchfork channel, which is another confirmation of weakness. As long as the […]
To open long positions on the GBP / USD pair, you need: The UK manufacturing sector PMI was worse than economists’ forecasts, which led to the return of the pair to the large support area of 1.3053, from which buyers are now trying to build a new upward trend. As long as trade is conducted […]
