GBP/USD On Thursday, the British pound made an unspoken attempt to decrease, leaving it at a meeting with the support of the balance line on the daily chart and on the balance line and the Krusenstern on the four-hour. Thus, the desire of the British pound to try again to go to the Krusenstern line […]
Dear colleagues. For the currency pair Euro / Dollar, the price is in the correction zone of the rising structure of January 2 and the level of 1.1451 is the key support. For the Pound / Dollar currency pair, we should continue the development of the ascending structure from January 2 after the breakdown of […]
In Asia, Japan will release the Economy Watchers Sentiment, Current Account, Bank Lending y/y, and Household Spending y/y. The US will also publish some economic data such as Federal Budget Balance, Core CPI m/m, and CPI m/m. So there is a probability that the USD/JPY pair will move with a low to a medium volatility […]
The EUR/USD pair bounced off its support at 1.1489 (38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.1567 (horizontal swing high resistance). Stochastic (34, 5, 3) bounced off its support at 3.2% where a corresponding rise could occur. EUR/USD has rebounded from its support where we […]
The pound/dollar pair is now extremely unreliable in the context of any forecasts – and in the short term, and even more so in the long term. The general weakness of the US currency can create the illusion of the northern trend of GBP/USD, but in this case it is absolutely impossible to focus on […]
The European currency fell against the US dollar in the first half of the day after yesterday’s rapid growth amid comments from the Federal Reserve and the minutes of the December meeting, which pointed to a slowdown in the rate of interest rate hikes in the US in 2019 for a number of reasons. Data […]
The emotional reaction to the events of yesterday is gradually subsiding: dollar bulls are trying to return the US currency to its previous positions, using any reason for this. Even today’s trump demarche in the negotiations on the shutdown had no positive influence on the greenback – the dollar index moved away from months of […]
4-hour timeframe The amplitude of the last 5 days (high-low): 192p – 211p – 72p – 93p – 94p. Average amplitude for the last 5 days: 132p (140p). The British pound on Thursday, January 10, also began to adjust, although this correction was not preceded by any strong growth of the pair. Nevertheless, once again […]
4-hour timeframe The amplitude of the last 5 days (high-low): 102p – 73p – 87p – 63p – 121p. Average amplitude for the last 5 days: 89p (99p). The EUR/USD currency pair on Thursday, January 10, began to adjust during the European trading session. The effect of the Fed minutes from the last meeting has […]
The main point in the construction of the medium-term trading plan is the exit of the pair beyond the monthly short-term January. The probability of large demand and return inside the zone increases to 90%. The third day of the pair is trading outside the monthly short-term of January. This makes it impossible to search […]
On Wednesday, January 9, the EURUSD rate made a breakthrough to the top of the important level of 1.1500, closed the day there, and is still above 1.1500. This is a strong signal for the trend upward. Possible trend targets are up to 1.18-1.19 – and even up to 1.2000. We keep buying from 1.1485. […]
The US currency in the new year will lose all previously collected positions. If last year the dollar index gained about 4%, now, due to the expected deterioration in the country’s economic growth and the display of patience by Fed officials in the process of tightening policies, the indicator will be forced to show a […]
Currently, experts point out three factors pushing up oil quotes. These include positive sentiment regarding negotiations between the United States and the People’s Republic of China, a decline in production by leading oil producers, as well as positive statistics on black gold reserves in America. Brent crude oil has completed the current session growth, rising […]
For most of last year, the gold rate was under pressure due to the strengthening of the US currency and the increase in the interest rate of the Fed. Only in December, amid falling stock indices, investors in the precious metal could breathe a sigh of relief. According to some data, last month, stocks of […]
To open long positions on the GBP / USD pair, you need: Buyers could not keep the price above the support of 1.2753 in the first half of the day, although there were preconditions for further growth. At the moment, only a confident return above the level of 1.2753 will return the chance to continue […]
On Wednesday, the price moved up, pushing off from the support line (the red bold line). It closed above the retreat level of 23.6% – 1.1535 (yellow dotted line). On Thursday, the price was moving up without preventing anything. The release of strong calendar news is expected at 15.30 and 20.00 Moscow time. Trend analysis […]
EUR / USD pair On Wednesday, the euro rose by 102 points due to several reasons. During the day, Germany’s November trade balance was better with 19.0 billion against expectations of 17.9 billion and 17.3 billion in October. Another is the unemployment rate in the eurozone dropped from 8.0% to 7.9%. In the afternoon, Fed […]
Gold price is challenging its recent highs. Price did not move as low as $1,270 as we initially expected maybe because the corrective pattern followed was a triangle. Trend remains bullish as long as price is inside the bullish channel. Green rectangles – support areas Purple lines – bullish channel Black lines – triangle pattern […]
Trend analysis (Fig. 1). On Thursday, downward work with the first lower target of 1.2751 is possible – a recoil level of 14.6% (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – […]
EUR/USD has finally broken above and out of the trading range it has been in for the last two months. This is a bullish sign. We could see a pullback as a back test towards 1.1450-1.1480 but I remain bullish on EUR/USD looking for at least a move towards 1.17. Light blue dots – medium […]
Trading plan for 10/01/2019: Chinese data disappoints the global investors Trade was non-directional during the Asian session. USD generally remains weak under the influence of a mix of factors: change in Fed tone, government shutdown, technical break. The sentiment in Asia temporarily broke down the weaker data from China, but over time the stock exchanges […]
The publication of the hopelessly outdated FOMC protocol for the December meeting did not lead to an increase in volatility since all changes in rhetoric were already repeatedly announced in recent weeks by a number of Committee members. The market has received confirmation that the Fed is preparing to “become patient,” that is, plans to […]
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: 88.3026 The currency pair GBP / USD on Thursday, January 10, resumed its upward movement, but the strengthening of the British pound is minimal against the US dollar, […]
The dollar was quite briskly losing its position largely because of the content of the text of the minutes of the meeting of the Federal Commission on Open Market Operations. And it lost its position in relation to all currencies, and most of all to the single European currency, which could boast yesterday with data […]
4h The EUR / USD currency pair reversed in favor of the European currency and consolidated above the correction level of 50.0% – 1.1517. Thus, the growth of quotations continues in the direction of the next correctional level of 61.8% – 1.1587. Rebounding the pair from the Fibo level of 61.8% on January 10 will […]
GBP/NZD Today, January 10, there is a wonderful prospect of a mid-term decrease in the GBP/NZD pair. On the monthly chart, the price decreases from the balance line, failing to overcome it. On the weekly chart, the price also moved down from the balance line last week. On the daily chart, the price slides down […]
GBP / USD pair The British Pound continues to make efforts to reach any significant level before the parliamentary vote on an agreement with the EU. The situation on this issue remains negative but parliamentarians are not going to make concessions. Still, it’s not without the help of the dollar, which yesterday lost ground due […]
GBP/JPY will remain in the uptrend as long as support at 137.59 is able to protect the downside. With this intact support, we continue to look for the renewed upside pressure through minor resistance at 138.60 for a continuation higher to 139.41 and the perfect target for the wave i near 140.96. Only a break […]
EUR/JPY is fighting to break clearly above resistance at 124.86. As long as support at 124.09 is able to protect the downside, we continue to look for more upside pressure towards the ideal target for the wave i near 127.09, before a more substantial correction should be expected. However, if support at 124.09 is broken, […]
When the European market opens, some economic data will be released such as French 10-y Bond Auction, Italian Retail Sales m/m, and French Industrial Production m/m. The US will also publish the economic data such as 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims, so amid the reports, the EUR/USD pair will move with […]
