Following a vote of no confidence, Theresa May retained her post as British Prime Minister. On Monday, January 21, she will present the so-called plan “B” for Brexit, which should arrange parliamentarians. The pound is in conditions of high volatility and uncertainty, there are rumors in the markets that the exit date from the European […]
If the dollar rises in price to European currencies, it decreases in relation to the Japanese yen. Moreover, this weakness cannot be called a temporary phenomenon. According to the head of the North American currency strategy department in TD Securities Mark McCormick, a mark of 95 yen per dollar may well become a reality very […]
Concerns about China’s dismal economic outlook and possible US tariffs on European cars led the euro to a decline, while the end of the next chapter in the Brexit saga gave a moment of peace to the pound. Fresh European news was weak and local markets followed the lead of Asia and pushed major indices […]
China’s economy is expected to continue to slow down this year particularly on domestic demand and exports affected by US tariffs. Beijing will most likely have to deploy additional incentive measures. According to forecasts, China’s economic growth will slow to 6.3 percent this year and will be the weakest in 29 years. A significant slowdown […]
Since October of last year, the AUD/USD pair has been trading within a wide-range flat, without leaving the range of 0.70-0.73. This behavior is very typical for the “aussie”: the price may fluctuate in one price niche for several months, after which it impulsively moves to the next “level” – higher or lower. Therefore, the […]
The European currency again failed to gain a foothold above key resistance levels and began to gradually lose ground against the US dollar in the afternoon after the release of a good report on the US labor market, as well as before the publication of the report of the US Department of Commerce, in which […]
EUR/USD descends slowly, although the single currency, and the greenback are under a certain pressure. On the one hand, the slowdown in the eurozone, dovish comments from the European Central Bank and the uncertainty of Brexit, on the other hand, a record shutdown, a slowdown in U.S. inflation and a slowdown in the rise in […]
4-hour timeframe The amplitude of the last 5 days (high-low): 73p – 156p – 112p – 246p – 72p. Average amplitude for the last 5 days: 132p (136p). The British pound sterling on Thursday, January 17, most of the day, as well as the European currency, stood in one place, just below the resistance level […]
4-hour timeframe The amplitude of the last 5 days (high-low): 85p – 83p – 31p – 108p – 47p. Average amplitude for the last 5 days: 71p (86p). The EUR/USD currency pair on Thursday, January 17th, is trading for the second day in a row near the support level of 1.1386 and can neither overcome […]
If last year the Loonie became one of the outsiders among the currencies of the G10 countries, having lost 8% against the American, then at the beginning of this year, the CAD managed to win back a few losses. The rebound in oil prices from 18-month lows, the resumption of trade negotiations between the United […]
Dear colleagues. For the currency pair Euro / Dollar, we expect further downward movement after passing by the price of the range of 1.1375 – 1.1358 and we consider the upward movement as a correction. For the currency pair Pound / Dollar, the price has issued a local structure for the top of January 15 […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel. On November 13, the EUR/USD demonstrated recent bullish recovery around 1.1220-1.1250 where the lower limit of the channel as well as the depicted demand zone came to meet the […]
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 (The RED one). Shortly after, a quick bearish decline was demonstrated towards the price level of 1.2500 where bullish recovery (Bullish Head & Shoulders pattern) could take place on December 12. […]
Blue channel is based on the price movement of yesterday. Violet channel is based on the previous two-day consolidations. Yellow channel is based on the previous three-day consolidations. The recent bullish movement of the GBP/USD which was initiated around 1.2700 has ceased to be dominant since Yesterday. Lack of enough bullish momentum is demonstrated on […]
To open long positions on GBP / USD, you need: The British pound remained bargained in the side channel in the first half of the day, with the prospect of further growth after the British Prime Minister Theresa May managed to keep her post after another vote because of a vote of no confidence. Purchases […]
To open long positions on EUR / USD, you need: Despite the report on inflation in the euro area, which coincided with the forecasts of economists, euro buyers managed to hold above the support level of 1.1375, which led to a resumption of demand in EUR / USD. The main task of buyers is to […]
BTC did a false breakout of the 2-day low at the price of $3.530, which is a sign that selling looks risky. I have found a strong reversal bar (reversal up-thrust), which is a sign that smart money did shake out the weak trading money. I have also found the breakout of the supply trendline, […]
GBP/USD finaly made a breakout of the trading range (resistance) at the price of 1.2900 and we got confirmation to go long. There is strong impulsive movement in the background, which is a sign that recent trading range was more resting before new push higher. My advice is to watch for buying opportunities. Trading recommendations […]
Recently, EUR/USD has been trading sideways at the price of 1.1400. According to the H4 time – frame, I have found that there is a fake breakout of the yesterday’s low at the price of 1.1377, which is a sign that selling looks risky. I also found that there is the rejection of the lower […]
Overview: The trend of USD/CAD movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.3169 and 1.3291. Also, the daily resistance and support are seen at the levels of 1.3169 and 1.3092 respectively. […]
Overview: The GBP/USD pair will continue rising from the level of 1.2824 which represents the daily pivot point on the H1 chart in the long term. It should be noted that the support is established at the level of 1.2745. The price is likely to form a double bottom in the same time frame. Accordingly, […]
Large-scale graphics: The short-term trend of the dollar index since February last year has been the top. The wave structure is incomplete. Reached a powerful level of resistance. Medium scale graphics: From November 11, dollar quotes form a bearish wave, the potential of which is close to exhaustion. In a larger model, the plot took […]
Oil quotes are reduced after the publication of reports by the US Department of Energy on the approach of oil production in the country to a record level of 12 million barrels per day. On Thursday, as of 10:47 London time, the price of Brent crude oil fell by 0.90% to $ 60.77 a barrel, […]
The dollar took a short breather but was still serious about major currencies, while the pound stabilized after the government of British Prime Minister Theresa May won a vote of no-confidence. As for the euro, the dollar will grow due to constant concerns about the eurozone economy, which affected the single European currency. The data […]
According to the currency experts of the Dutch bank ING, at the moment market players are best placed on a decline in the rate of the single European currency, having sold it in relation to the Hungarian forint. The strategy of the analysts of the bank ING is as follows: they recommend expressing a short […]
The situation around Brexit continues to be one of the central themes of the financial market. On the eve, the British parliamentarians have expressed confidence in the country’s cabinet of ministers headed by Theresa May. Now, the government has to determine its next steps and to submit a “Plan B” to the House of Commons […]
Previously, we have not once pointed out that global markets, and with them, investors, are under intense pressure from an uncertainty factor that has not disappeared anywhere. Despite the fact that world central banks, first of all, the Fed and the ECB, have begun to declare, in the case of the European regulator, the desire […]
The British pound ignored Theresa May’s victory yesterday, and the euro continued to decline gradually against the US dollar amid weak fundamental statistics on inflation, which binds the hands of the European Central Bank. Great Britain After a disastrous vote on Brexit in the British Parliament, Labor Party leader Jeremy Corbyn initiated a vote of […]
Large-scale graphics: The direction of the price trend of the cross since February of last year looks at the “south” of the chart. A large scale support zone has been reached. The wave structure looks complete. Medium scale graphics: The descending section of the chart from November 8 completed the wave of the trend of […]
On January 16, the GBP / USD pair gained about 20 bp. The amplitude of the instrument has decreased to a minimum, which is rather strange, given the scale of recent events in the UK. Yesterday, the parliament did not approve Theresa May’s resignation, but so far no reaction has been received to this event. […]
