Medium-term impulse growth on the pair continues. There is no sign of the formation of a reversal pattern. For this reason, there is no possibility to search for sales. The pair is trading outside the monthly short-circuit, which increases the likelihood of supply and the formation of a correctional model. When working this week, it […]
Positive news came to the markets: The Fed – the decision on Wednesday January 30 – there is no doubt that the decision will be a soft one. Brexit – voting on different versions of the agreement with the EU is expected on January 29. It seems that the news can only be positive – […]
At the close of the week, the euro gave a strong technical signal to the top: after trying to break below 1.1300, the euro was heavily bought, and it broke through the daily order level of 1.1395 to the top and is higher in the morning. Fundamentally: the end of the shutdown in the US […]
To open long positions on GBP/USD you need: Buyers work out levels perfectly, gradually continuing growth, which can be completed in the near future without the support of good news on Brexit. It is best to look closely at long positions today at the level of 1.3156, provided there is a false breakdown there, or […]
To open long positions on EURUSD you need: Such a sharp reversal of the euro in the other direction can be stopped only by the ECB President Mario Draghi, whose speech is scheduled for today. In the meantime, long positions are best considered after a downward correction to the support area of 1.1381 or to […]
On Monday, the price will move up. The first upper target of 1.1431 is the 50% rollback level (blue dotted line). The probability of breaking through the level of 50% is small. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – down; – candlestick analysis […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 122.8852 The currency pair GBP / USD on Monday, January 28, as if nothing had happened, continues a confident upward movement. The pair now mostly ignores any news […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The junior linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 142.3063 The past week ended with a confident growth of the European currency, although it is rather difficult to call it logical and fully justified. As we wrote […]
EUR/USD Last Friday, the White house and Congress reached a temporary agreement to end the shutdown. But this positive news was overshadowed by the arrest of Roger Stone, a former political adviser to Donald Trump, in connection with the “Kremlin case”. In the Western business media, there is a stretch of pegging the dollar’s decline […]
GBP/USD Against the background of the general weakening of the US dollar and the emerging progress in English political circles in adopting the May-EU Brexit agreement, the sterling rose by 134 points on Friday. The price has reached the lower limit of the target range 1.3216/57. On the four-hour chart, there is a weak sign […]
Large-scale graphics: Since March last year, the price forms an upward wave in the main pair of the Japanese yen. By the beginning of this year, the first parts of the structure (A + B) have been fully formed. Medium scale graphics: The ascending part of the chart from January 3 has a high reversal […]
The US dollar continues to be under pressure in the wake of not only improved investor sentiment because of hopes that the Fed could pause this year in raising interest rates in the first half of this year, but also a new likelihood of the US government stopping on February 16, if D. Trump will […]
Large-scale graphics: The main trend of the major trend is euro downward. The wave begins in February last year and is currently in the correction stage. Medium scale graphics: The bullish wave of November 12th completes a larger correctional model. The most realistic area of completion is the nearest resistance zone, however, the probability of […]
Friday’s impulse led to the breakdown of the NKZ 1/2 1.1391-1.1382, formed from the low of last week. The closure of the US session occurred above the zone, which indicates a 70% probability of movement to the next target zone. The goal is a weekly CP 1.1492-1.1474. Within this zone, it is advantageous to fully […]
Friday’s growth led to a breakdown and consolidation above the NKZ 1/2 0.7145-0.7139. This indicates a change of priority to ascending. The growth target was the weekly short-term 0.7214-0.7202, the probability of which is 70%. Purchases from the current marks are not profitable, so you will need to search for more favorable prices. The first […]
GBP/JPY continues to rally as expected. It respects the uptrend from 130.70 nicely and the next upside target to look for is seen at 146.10 as wave iii extends to the 161.8% extension target of wave i at 151.90. Support is now seen at 143.40 with key support at 142.69. R3: 146.10 R2: 145.30 R1: […]
EUR/JPY bottomed at 123.75 and then started rallying. The break above minor resistance at 124.65 told us, that wave ii had completed and wave iii higher to 132.12 now is in motion. Short-term, we could see minor wave ii dip slightly lower to 124.65, but it should just be a matter of time before the […]
According to the Ifo Research Institute, the business climate index in Germany fell from 101 points in December o 99.1 points in January, which is the lowest figure since February 2016. Analysts expected the figure to decline only to a level of 100.7 points. As known, the business climate index in Germany is a leading […]
On the eve of the US Senate considered two bills aimed at ending the so-called “Shutdown.” One of them was proposed by the Republicans and the second by the Democrats. Both documents did not receive the required number of votes in the upper house of Congress. Recalling that the stumbling block among representatives of the […]
The famous American financier George Soros believes that the United States and China are in a state of cold war, while there is a danger of it becoming a “hot one”. Speaking at the World Economic Forum in Davos, Soros said that the current relationship between the United States and China can be described as […]
To open long positions on the GBP / USD pair, you need: Buyers again failed to maintain demand for the British pound, which led to a decrease and update the minimum of the day at the support level of 1.3074, which I paid attention to in my morning review. Moreover, keeping the pair from further […]
The dollar index did not hold its position and again collapsed in the region of 95 points, demonstrating the inability of the greenback to large-scale actions. Despite attempts at recovery, the dollar cannot ignore the burden of existing problems, from the political crisis to the dovish attitude of Fed members. Even the single currency, which […]
To open long positions on EUR / USD pair, you need: Euro buyers are slowly but surely confidently moving up to the resistance level of 1.1340 and trying to cling to it. As long as the trade will be conducted above this range, it will be possible to count on the continuation of the upward […]
Wave counting analysis: On January 24, the GBP/USD pair dropped by 10 bp, but the current wave counting did not undergo any changes and suggests building an uptrend. In the proposed third wave, the elongation and internal 5-wave structure are already visible. Given the unresolved issue with Brexit, there is doubt that this impulse wave […]
Apparently, the euro is tired of constantly having the same fundamental data indicating a slowdown in the European economy, because, despite the next row of weak statistics in Germany, the EUR / USD pair maintained its corrective upward movement in the first half of the day. As it became known today, the Ifo business confidence […]
In fact, there are currently no factors on the market that can significantly support oil prices. Energy stocks in the United States continue to grow, the first results of the OPEC + transaction will not appear soon. In addition, from the side of stock markets, the threat continues to go. A new wave of flight […]
According to the Energy Management Information (EIA) Annual Report of the US Department of Energy, oil production in the country will continue to grow until 2030, and by 2040 production will remain at more than 14 million barrels per day. Volumes of production until 2030, EIA analysts expect at around 6 million barrels per day. […]
Wave counting analysis: On Thursday, January 24, trading for EUR / USD ended by 75 bp lower. Thus, such a reduction has led to the refinement of the current wave marking. The segment of the trend, which began on November 12, has been completed. If this is indeed the case, the tool has begun to […]
Downward movement on the pair is still a priority. The probability of updating the January minimum is 70%. In order to break this impulse, it will be necessary to fix the price above yesterday’s maximum. Today, the pair forms an upward correctional movement. In the second half of the European session, testing the 1/4 CZ […]
In the second week, there is a formation of a downward model, which makes it possible to search for favorable prices for the sale of the instrument. Yesterday, there was another confirmation of the medium-term decline. Today, the pair is trading within yesterday’s American movement. It has already been tested by 1/4 CZ of 0.7143-0.7111, […]
