The pound has left a seven-week high and apparently, it will continue to decline. Investors are preparing for the next round of voting on Brexit, where the plan proposed by Prime Minister Theresa May will be discussed. It is expected that it will not be adopted. Sterling will be under attack in the short term […]
Large-scale graph: The general direction of the major yen movement since March of last year is set by the rising wave. The counter-correctional part of the model started in July, which ended at the beginning of the current month. Medium scale graph: The plot of the schedule of December 13 completes the bearish design of […]
Large-scale graph: The vector of the main trend in the euro major pair since January last year is directed downward. The first 2 parts are completed in the wave structure and the final phase (C) has started since the end of September. Medium-scale graph: The ascending section of the chart on November 12 had a […]
On the weekly chart, the EUR/USD pair is demonstrating a long-term Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On […]
Since mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern was demonstrated on […]
Recently, the Gold has been trading sideways at the price of $1,295.00. Anyway, according to the H4 time frame, I have found that there is a potential end of the contracting flat correction, which is a sign that Gold may resume the upward trend very soon. I have also found that there is the positive […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1450. Anyway, according to the M30 time – frame, I have found that there is a fake breakout of the support cluster at the price of 1.1455, which is a sign that selling looks very risky at this stage. I also […]
Trading recommendations: According to the 30M time – frame, I found that BTC has been trading downwards. The price tested the level of $3.439. I have also found the breakout of the bearish flag in the background, which is a sign that sellers are in control. Most recently, there is the intraday bearish flag in […]
Overview: Pivot: 0.7112. The AUD/USD pair is set above strong support at the level of 0.7046, which coincides with the 23.6% Fibonacci retracement level. This support has been rejected four times confirming the veracity of the uptrend. Hence, major support is seen at the level of 0.7046, because the trend is still showing strength above […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1342. Today, the first support level is currently seen at 1.1342, and the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.1342, which coincides with the 61.8% Fibonacci retracement […]
According to forecasts of leading experts of the world market of black gold, this year a significant drop in global oil prices is expected. According to Mohammed Al-Rumhi, the Minister of Oil of Oman, the December agreement on the reduction of oil production concluded between OPEC, Russia and other oil producers stabilizes oil prices of […]
The British pound is descending from its monthly highs, which were reached last Friday after the appearance of talk about a possible postponement of the UK exit from March 29 to a later date. Problems in a number of laws that have not been adopted, along with the parliamentary vote on the Brexit agreement, which […]
To open long positions on GBP/USD you need: News that March 29 will not be the deadline when the UK will leave the EU, supported the British pound on Friday after a weak report on GDP. At the moment, buyers need to stay above the support level of 1.2813, and the formation of a false […]
To open long positions on EURUSD you need: Buyers did not cope with the task and failed to break through important resistance levels last Friday. Currently, it is best to consider long positions after updating the support level of 1.1449 with the formation of a false breakdown on it or to rebound from a larger […]
The big picture: Uncertainty. The main plot — Britain — a vote on an agreement with the EU in Parliament tomorrow, January 15. The result is undefined The second problem — the United States — Trump’s disagreement — the democratic majority in Congress — the question of financing the construction of a wall on the […]
Last week, the EURUSD rate gave a strong technical signal to the upward trend – a break above 1.1500 and the closing of the day above 1.1500. But then there were strong sales and growth is on the verge of cancellation. We are ready to buy the euro from 1.1570 (more aggressive from 1.1545). Alternative: […]
EUR/USD after moving above 1.15 is now back towards the breakout area as expected. This is a pullback and backtest of the breakout level to confirm the bullish trend EUR/USD is in. If price does not bounce off this area, then the break out was a fake one and there is danger of moving back […]
Gold price continues to trade inside the medium-term bullish channel while in the short-term price looks like it is forming a triangle pattern before its final leg higher. Trend remains bullish and our next target is at $1,310-20 as long as we trade above $1,270. Green rectangles – support areas Red rectangle- target area Purple […]
Wave counting analysis: On January 11, the GBP / USD pair added about 90 bp. It broke through the maximum of the previous upward wave and the wave pattern.As a result, it requires making adjustments. Thus, the wave with turned out very shortened, nevertheless, it went beyond the minimum of wave a. The tool has […]
Trend analysis (Fig. 1). On Monday, there is a work upwards with the first top target of 1.2887 – a rolling level of 50.0% (yellow dotted line). From this level, there is a possible lower work. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – […]
USD/JPY The Japanese yen continues to experience difficulties in regaining growth. On Friday, the American stock market put it up, albeit only slightly, but down by 0.01%. At the moment, the price is supported by the Krusenstern line on the four-hour chart, but on the daily half the price is below the trend line of […]
Last week there was a test of the zone of the average weekly move, which led to the emergence of a large offer. It is important to note that the decline led to the breakdown of a significant support zone and the formation of a reversal pattern. The close of trading last week occurred below […]
The upward movement remains a medium-term impulse. This allows you to hold purchases opened last week or the week before. It is not profitable to buy from current grades, since the growth is already twice the average monthly speed. Friday’s movement continued the impulse upward medium-term model. The closing of trading occurred above Thursday’s high, […]
On Monday, the 14th of January, the event calendar is light in important data releases. The only two events during the whole trading session are Wholesale Price Index data release from Germany and Industrial Production data in the Eurozone. EUR/USD analysis for 14/01/2019: The Wholesale Price Index data are scheduled for release at 07:00 am […]
Global macro overview for 14/01/2019: Crude oil bounces across the board The prices of the WTI and Brent oil have rebounded above the key levels of USD 50 and USD 60. Above-average volatility and extremely high risk aversion during the holiday season brought the prices of the raw material to the lowest levels since June […]
After the recent attack on the Ethereum network, the $ 100,000 Gate.io cryptocurrency exchange has been reportedly returned, according to its official blog on January 12. The company also noticed that it tried to contact the attacker, but so far it has not received any answer and does not know the reason for the refund. […]
Key support at 137.59 remains intact, but GBP/JPY looks like it has lost the upside momentum for now and a correction in wave ii is developing. Under this count, we should see a break below key support at 137.59 soon for a decline into the corrective target-area between 134.04 – 135.17 before the next impulsive […]
EUR/JPY once again failed to break clearly above resistance at 124.86 and looks to have lost upside momentum. This mean wave i is in place at 125.09 and wave ii into the corrective target-area between 121.22 – 121.96 now should be expected before the next impulsive rally is expected to take over again. Resistance at […]
The AUD/CHF pair is testing its resistance at 0.7110 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is anticipated. AUD/CHF is […]
The AUD/CAD pair is testing its resistance at 0.9565 (100% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9465 (38.2% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop is anticipated. AUD/CAD […]
