Trading recommendations: BTC 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 $3,420 held successfully and I expect further bullish […]
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 decreased. Stochastic is in the oversold zone together with hidden bullish divergence, which adds more potential strength on Gold. Only a […]
According to a survey by the international consulting company PricewaterhouseCoopers (PwC), about 30% of company heads expect a slowdown in global economic growth over the next 12 months. Researchers surveyed 1,300 people from all regions of the world. The share of the negative outlook for the global economy grew almost six times over the year […]
GBP/USD is expected to move higher towards 1.3000 (median Pitchfork line) as long as it holds above the upward trendline. There is also a rejection of the lower Pitchfork trendline (support), which is a confirmation of strength. Stochastic is in oversold zone, which adds more potential strength on GBP. Ideally, support at 1.2828 will be […]
The cost of oil has shifted to a reduction in renewed concerns about a slowdown in the global economy. March futures for Brent fell to the level of $ 61.50 a barrel. The cost of futures for WTI also showed a decline to the level of $ 53 per barrel. As it became known on […]
To open long positions on GBP / USD, you need: The pound buyers returned to the market and are trying to gain a foothold above the resistance level of 1.2894 after a good report on the increase in average earnings in the UK and reducing the unemployment rate to 4.0%. The main task for the […]
To open long positions on EUR / USD, you need: In the first half of the day, buyers managed to keep an important level of support around 1.1348, and the formation of a false breakdown on it, which I paid attention to in my morning forecast, preserves the likelihood of continuing upward correction in euro. […]
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. Recent bullish spike reached the price level of 1.2999 where significant bearish rejection was […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted Flag 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 uptrend (In blue) was initiated. Bullish fixation above […]
The yen, which is a safe haven currency, unlike other major currencies, remains stable against the dollar, and this trend is likely to continue. It is expected that the Bank of Japan will leave its policy unchanged at a meeting on January 22-23. Overall, monetary policy in Japan will remain very favorable this year. The […]
After losing 40% of its value at the end of 2018, oil managed to be noted as the best start in the last 18 years, quickly flying up to an 8-week maximum amid a reduction in deliveries by OPEC and other producing countries by 1.2 million b / d ending the US and Celestial trade […]
Overview: Pivot point: 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 […]
The dollar was at a level of almost three weeks high on Tuesday, investors are attracted by the relative safety of the US currency after the International Monetary Fund reduced its forecasts for the global economy in 2019 and 2020. However, despite the confident start of the year, there is a reason to believe that […]
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 […]
While some experts believe that after the failure of the British parliament’s Brexit plan, promoted by Prime Minister Theresa May, the chances for the United Kingdom to leave the European Union significantly increased, others argued that the recent defeat of the head of the government referendum. As for T. May herself, announcing yesterday the further […]
Large-scale graphics: The vector of movement of the dollar since February last year is set by a wave of a bullish trend. In the structure of the wave, the conditions for the final breakthrough (C) are prepared. Medium scale graphics: The descending wave of November 13 took the place of correction in a larger wave […]
The market has been declining since an upward impulse in wave (A) finished. Previously, we had a large zigzag in wave ((W)). Considering there’s a downward five-wave price movement form the last high in wave A, wave (B) is likely going to take the form of a zigzag. If correct, we’re going to have the […]
The euro yesterday continued to decline in tandem with the US dollar after the release of a weak report on producer prices in Germany, which fell sharply at the end of last year. According to the report, the producer price index in Germany in December 2018 fell by 0.4% compared with November, while on an […]
Wave counting analysis: On Monday, January 21, bidding ended for the pair EUR / USD by 3 bp, however, the decline in quotations has already resumed within the expected wave 4, c, which takes a very long look. This may lead to the need to make adjustments to current wave marking. A tool reduction below […]
Wave counting analysis: On January 21, the pair GBP / USD rose 20 bps. Estimated wave completed with its construction. If this assumption is true, then the decline in quotations will continue with targets located near the levels of 38.2% and 23.6% Fibonacci. The news background is again on the side of the dollar, since […]
Trend analysis (Fig. 1). On Tuesday, work down with average low target 1.2803 – 21 average EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – down; – Bollinger lines – down; […]
On the way down, the price may encounter the first goal – the fourth point of the young support line 1.1342 (red thin line). Trend analysis (Fig. 1). On Tuesday, the price will move down. The first lower target 1.1442 is the support line (red thin line), then roll back up is possible. Fig. 1 […]
EUR/USD remains weak inside a bearish short-term channel continuing its move towards 1.1320 and the important upward sloping trend line support. Bulls need to react soon and recapture at least 1.14 in order to remain alive. Bears on the other hand want to break below 1.13 in order to confirm that a major top is […]
On Monday, the euro continued to remain under pressure from sellers, but the downward movement on Tuesday morning is minimal – this gives some chances for a turn upwards. The three major news topics have not yet received permission, namely: The Shutdown in the United States – the Democrats said they were not ready to […]
Trading plan for 22/01/2019: In the absence of other topics, investors express fears over global recovery and shift focus away from risky assets. The stock markets are dominated by the bearish trend. Gloomy mood fueled the latest IMF report, which reduced global growth forecasts for 2019 and 2020, justifying the decision with lower than expected […]
GBP/USD On Monday, the British pound touched the support of the Krusenstern line on a daily scale and slightly adjusted upwards. Today we are waiting for a second price attempt to gain a foothold under this line, that is, under the low of yesterday (1.2830). Success will allow the price to decline with the support […]
Gold price got rejected at $1,300 and broke the triangle pattern downwards. Our target remains $1,272 area and the 38% Fibonacci retracement level. Bulls will need to react from this support area. Green rectangles – support areas Green line – long-term trend line support Gold price is moving towards the 38% Fibonacci retracement level and […]
USD/JPY On Monday, the yen made an attempt to consolidated above the green trend line of the upward price channel on the daily scale chart. Today in the Asian session, the price began to decline at the risk of going below this line. On the daily and four-hour charts, the Marlin oscillator signal line touches […]
To open long positions on GBP/USD you need: As it became known yesterday, British Prime Minister Theresa May is preparing a series of changes to the Brexit agreement related to the Irish border, which maintains the demand for the British pound. Currently, bulls require a quick return and consolidation above the resistance of 1.2895, which […]
To open long positions on EURUSD you need: The absence of important fundamental statistics and weak data for the eurozone yesterday led to selling the European currency. At present, the first signal to buy the EUR/USD will be a breakdown and consolidation above the resistance level of 1.1388, which will lead to a larger upward […]
