The currency pair Euro / Dollar for the last trading day showed low volatility, but still maintaining an upward mood. From the point of view of technical analysis, we see how the quote reached the range level of 1.1440 (1.1420 / 1.1460), where it slowed down. Informational and news background had a speech by Mario […]
For the last trading day, the currency pair Pound / Dollar showed a low volatility of 73 points, as a result of forming a clump and pullback. From the point of view of technical analysis, we have a pulse train, where the quotation reached the level of 1.3200, after which there was a stagnation followed […]
Tomorrow is an important day for the dollar: we will learn not only the data on the growth of the US economy, but also listen to the head of the Federal Reserve, who will sum up the January meeting of the central bank. This year, Jerome Powell will hold press conferences after each meeting (rather […]
4-hour timeframe The amplitude of the last 5 days (high-low): 119p – 138p – 82p – 159p – 73p. Average amplitude for the last 5 days: 114p (115p). On Tuesday, January 29, the GBP/USD pair is trying to resume an upward movement, although the MACD upward indicator has not yet managed to turn around. In […]
4-hour timeframe The amplitude of the last 5 days (high-low): 38p – 43p – 101p – 117p – 54p. Average amplitude for the last 5 days: 71p (67p). The second trading day of the week for the EUR/USD currency pair ended with the preservation of the upward trend, but the volatility fell again after just […]
Euro made an attempt to grow in the first half of the day amid a good report on consumer confidence in France. However, there was no support from the major players, which led to a decrease in the trading instrument closer to the North American session. According to the statistics agency report, consumer confidence index […]
The cost of shares of the largest manufacturer of graphics accelerators and processors of NVIDIA Corporation fell by more than 13% to $ 138 amid lower forecasts for reporting for the fourth quarter of 2018. The company lowered its quarterly revenue forecast from $ 2.7 billion to $ 2.2 billion due to weaker than analysts […]
The euro boosts attractiveness, taking advantage of the expectations of the Fed’s “pigeon” rhetoric, hopes for progress in the trade negotiations between Washington and Beijing. The comments of Mario Draghi, who convinced the market that the economic affairs in the European block are not as bad as it seems at first glance, came to the […]
Last week, for the first time since May 2018, the price of gold overcame the level of $ 1,300 per ounce and is still above this psychological level. “The uncertainty surrounding Brexit, the “shutdown” in the US, trade wars are only part of the problems by which the price of gold should have shown much […]
China’s manufacturing sector activity in January was likely to shrink for the second month in a row, heightening concerns about the risks associated with a slowdown in China and a threat to the global economy. Industrial leader Caterpillar has become another major international company that warned of declining demand in China, followed by chip makers […]
Aggressive cuts in Saudi Arabia and US sanctions against Venezuela could allow the North Sea variety to show better dynamics in January from 2006, and Texas from 1984. From the point of view of the monthly increase, Brent’s achievements could be the most impressive since December 2016, when OPEC enlisted the support of other countries […]
Since early January, the pound sterling has risen in price against the dollar by more than 3%, demonstrating the best dynamics among the G10 currencies. In this case, most of the growth took place last week. Against the background of reducing the likelihood of the United Kingdom leaving the European Union without a deal, as […]
Voting for the draft agreement on Brexit postponed to February 13, Theresa May promised to make adjustments to the document to increase the chances of success. Judging by the active purchases of the pound since mid-January, investors are waiting for a favorable outcome. But the decline of the British currency against the euro and the […]
To open long positions on GBP / USD, you need: The situation in the pound has not changed, except that buyers managed to keep the support level of 1.3137, which leaves hope for the continued growth of the pound. In the evening, another vote will be held on Brexit in the British Parliament, which can […]
To open long positions on EUR / USD, you need: The euro buyers failed to cope with the morning task of returning to the resistance area of 1.1457, which could lead to the formation of a downward correction in the afternoon. It is best to consider long positions after the formation of a false breakdown […]
Blue-channel is based on the price movement of Yesterday. Violet-channel is based on the previous two-days consolidations. Yellow-channel is based on the previous three-days consolidations. Lack of enough bullish momentum was demonstrated on the depicted chart so that Today’s recent movement has been going into sideways consolidations. The pair is currently moving within the depicted […]
Recently, GBP/USD has been trading sideways at the price of 1.3160. GBP/USD is still trading inside the upward Pitchfork channel, which is a sign that buyers are in control. There is a potential end of the downward correction (running flat) which will open the way for a new wave up. The overall trend is still […]
Overview: The GBP/USD pair will continue rising from the level of 1.3048 today. So, the support is found at the level of 1.3048, which represents the pivot point in the H1 time frame. Since the trend is above the pivoti level, the market is still in an uptrend. Therefore, the GBP/USD pair is continuing with […]
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 17 when significant bearish rejection was demonstrated around 1.2999 (Bearish Engulfing candlestick […]
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 […]
Bitcoin continues to drop as expected. It respects the Pitchfork downward channel nicely and it is doing good job towards the median. Since the key support cluster at $3.420 is broken and successfully retested, we expect downward continuation. I also found the successful breakout of the mini upward Pitchfork channel, which is another sign of […]
Since June 2018, the EUR/USD pair has been moving sideways with a 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 1.1420 was needed […]
Gold continues to rally as expected. It respects the Pitchfork upward channel nicely and it is doing good job towards the median line of the larger channel. Since the key resistance is broken at $1,298.00, we don’t see any big resistance around and any signs of a reversal. R1: $1,305.70 R2: $1,308.60 R3: $1,312.75 Pivot: […]
Wave counting analysis: On Monday, January 28, trading ended for EUR / USD by another 25 bp increase. Thus, the expected wave 2 in the composition of the supposedly new downward trend section continues its construction. An unsuccessful attempt to break through the level of 38.2% on the older grid, or 61.8% on the youngest, […]
Wave counting analysis: On January 28, the GBP / USD pair dropped by 30 bps. and the current wave counting again has not suffered any changes or additions. Tonight, in the British Parliament, a second vote on the issue of Brexit was held. The pound sterling in recent weeks did not pay any attention to […]
The market is waiting for the main events of the week: voting in the British Parliament on the agreement with the EU today, January 29, (will vote for different versions of the agreement to try to find a majority position. On Wednesday – the Federal Reserve decision on rates. No one expects the Fed to […]
Trading plan for 29/01/2019: A quiet day in the financial markets ahead On Tuesday there is a relative nervousness in the markets, which prevents from delineating a particular direction. Sentiment spoiled the allegations presented to the financial director of Huawei by the US, which may complicate the US-China trade negotiations. Stock markets in Asia are […]
Gold price continues to trade above $1,300 after breaking short-term resistance and is heading towards our $1,315-20 target area. Trend remains bullish. Green rectangles – support levels Red lines – bullish channel Gold price has made a new higher high as expected after breaking above $1,292. Support is now at $1,300 and resistance at $1,315-20 […]
The market on Monday, moving down, did not reach the rolling level of 14.6% – 1.3109 (blue dashed line). Moreover, the price on Tuesday, most likely, will continue to move down. Strong calendar news today is expected at 18.00 (negative) Moscow time. Today, it is also expected to make a vote in the British Parliament […]
To open long positions on GBP/USD you need: Today there will be another vote on Brexit in the British Parliament, which can support the British pound on the condition that there is a possible agreement on postponing the exit date from the EU. A breakthrough of the resistance of 1.3186 will be a signal to […]
