4-hour timeframe The amplitude of the last 5 days (high-low): 72p – 169p – 136p – 80p – 119p. Average amplitude for the last 5 days: 115p (140p). On the third trading day of the week, January 23, the British pound sterling resumed its upward movement and overcame the first resistance level of 1.3024. It […]
4-hour timeframe The amplitude of the last 5 days (high-low): 47p – 36p – 58p – 34p – 38p. Average amplitude for the last 5 days: 43p (57p). The EUR/USD currency pair stopped declining on Wednesday, January 23 and is currently just moving sideways. If earlier we noted weak volatility, but at the same time […]
The Bank of Japan has reduced its inflation forecasts and retained a large-scale incentive program amid growing risks for the economy in the form of trade protectionism and weakening global demand. The trade war between the United States and China, Japan’s largest trading partners, is increasing pressure on the third largest economy in the world […]
It seems that investors have decided to sit aside until the announcement of the meeting of the European Central Bank. The EUR / USD pair is almost immobilized. Meanwhile, the completion of QE in the old world and the reduction of political risks around Italy contribute to an increase in non-resident demand for bonds issued […]
Investors are cautiously returning to riskier assets, even though concerns about corporate income and global economic growth persist. In addition, hopes for a boost in stimulating the economy by the Chinese authorities offset the concerns about progress in the negotiations between Washington and Beijing. Futures on the US currency again point to a positive start […]
While the European currency is trapped in a narrow side channel paired with the US dollar, the British pound finds the strength to overcome more and more resistance levels amid the appearance of at least some information regarding Brexit. Let me remind you that the pound was supported by the statements of the British Prime […]
The British pound rose against the backdrop of strong data on the labor market and in spite of the existing problems around Brexit. It’s not entirely clear why traders did not disappoint Theresa May’s backup plan, which is practically a copy of the original plan. In addition, “Plan B” does not include the much-needed request […]
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 […]
To open long positions on the GBP / USD pair, you need: Statements by the Minister of Commerce of Great Britain saying that it was impossible to work out and implement the deal by March 29 led to the strengthening of the pound in the first half of the day, as many traders expect to […]
Since June 2018, the EUR/USD pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted Flag 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 uptrend (In blue) was initiated. Bullish […]
To open long positions on EUR / USD pair, you need: The situation did not change compared to the morning forecast. The first signal to buy EUR / USD will be the breakdown and consolidation above the resistance level of 1.1376, which will lead to a stronger upward correction in the area of the maximum […]
Trading recommendations: Nothing has changed since my yesterday’s analysis. BTC has failed to reach the Pitchfork median line, which is a sign that sellers are loosing power and the demand may increase. There is also a breakout of the Pitchfork diagonal (resistance) which is another confirmation of strength. The key support at the price of […]
Gold is expected to move higher towards $1,294.00 (resistance cluster) as long as the support at $1,276.00 is holding. Gold failed to test the Pitchfork median line, which is a sign that selling power is waning. Only a break below support at $1,276.00 will change this bullish trading idea and stop us for our bullish […]
As I expected the GBP/USD pair traded higher and met my first yesterday’s target at the price of 1.3000. The momentum is still strong on the upside and GBP/USD is going towards the second objective target at the price of 1.3080. The upward Andrew Pitchfork channel is giving us well defined levels of support and […]
Large scale graph: The bearish wave has set the direction of the cross trend for the last year and a half. The coincidence of several factors at once such as the completeness of the wave structure, the achievement of strong support and the presence of a reversal pattern indicate a quick change in the trend […]
Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is […]
Overview: The EUR/USD pair opened below 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 […]
EUR/JPY has been consolidating below 125.00 area after an impulsive bounce off the 121.00 support area. EUR has been weighed down by the BREXIT uncertainty and worse-than-expected economic reports which lead to EUR’s weakness against JPY. EUR has been hurt by the recently published economic reports which did not support the impulsive bullish momentum further […]
As you can see on the two-day chart, there’s a huge bearish double zigzag pattern, which could be wave (2). Previously, we had a massive bullish rally in impulsive wave (1). Also, we’ve got a finished zigzag in wave Y of (2), as shown on the 480-minute chart on the right. In this case, we’re […]
The volatility of the EURUSD pair has fallen to the lowest values in recent days – the market is preparing to move. There are still three main subjects – and none is resolved until the end: 1) the Shutdown in the US – the vote in the Senate on the way out of the budget […]
The three-month standing of the euro in the range is coming to an end – important events will force the euro to go out of range and look for a new equilibrium zone. There are three such events: 1) The crisis of the US budget – in the US Senate, a vote on the proposals […]
To open long positions on GBP/USD you need: The pound continues to show a slight increase against the background of statements by the British Prime Minister Theresa May on the changes in Brexit, but there is no support from the major players yet. While trading is above support at 1.2944, the demand for the pound […]
To open long positions on EURUSD you need: Yesterday’s weak data for the euro area led to selling the European currency, but a larger downward movement did not happen. At present, the first signal to buy EUR/USD will be a breakdown and consolidation above the resistance level of 1.1376, which will lead to a stronger […]
Wave counting analysis: On January 22, the GBP / USD pair rose 65 bps. The estimated wave completed with its construction, as well as the entire three-wave segment of the trend. At the same time, the breakthrough of the Fibonacci level of 76.4% will lead to the complication of the uptrend of the trend, which […]
Wave counting analysis: On Tuesday, January 22, trading ended for EUR / USD by 10 bpts. Thus, the tool remains within the framework of the construction of the proposed wave 4, in s. If this is true, then the increase in quotations will resume in the near future as part of wave 5 with targets […]
On Wednesday, the price will move up. The first upper target of 1.1392 is the recoiling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – up; – Bollinger lines […]
Large scale graphics: The latest current wave design of the cross is ascending, starting from September 10th. It is formed along a powerful support zone. The structure in recent months takes the form of the middle part (B), which has a high chance to break through the level of the beginning of the entire wave. […]
Trading plan for 23/01/2019: Markets remain stable in most cases, waiting for new events. The decision of the Bank of Japan did not surprise and passed unnoticed. The growth leader in the currency market is NZD after a better-than-forecast CPI reading. Indices in Asia were almost still, Shanghai Composite is at Tuesday’s closing level. Japanese […]
Trend analysis (Fig. 1). On Wednesday, the trend is working upwards with the first upper target 1.3001 – the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis – up; – Bollinger lines – […]
EUR/USD reached very close to our 1.1320 target. This target was given once 1.14 failed to hold. Price now seems to be turning upwards. In the weekly chart we see price respecting the weekly trend line support and this is a bullish sign. Red rectangle – major resistance Black line – major support trend line […]
