China and the United States began official negotiations this morning to resolve the trade conflict. Over the past month, the parties exchanged telephone consultations, and now they have met with their own eyes as the American delegation flew to Beijing for this purpose. The meeting takes place at a fairly “high” level, thus, its results […]
To open long positions on EUR / USD pair, you need: A good report on retail sales in Germany and the Eurozone supported the European currency in the first half of the day, which led to consolidation above 1.1435. While trading is conducted over this range, you can count on continued growth with an update […]
To open long positions on GBP / USD, you need: At the beginning of the week, the situation with Brexit leaves many questions, but the demand for the pound remains in view of the optimism associated with the positive decision of the parliament. At present, a good signal to buy will be a false break […]
EUR/USD has been residing inside the corrective and volatile range between 1.1200 to 1.1500 area for a few weeks. EURO managed to gain momentum having better economic results published today while USD struggling with the mixed Employment reports published recently. EUR having series of worse economic reports published recently lead to losing certain grounds against […]
China announced its intention to increase the monetary and fiscal stimulus in 2019. The monetary policy of the Celestial Empire will maintain a balance between tightening and softening. The authorities announced that next year, a significant tax cut will be implemented. Citizens will be able to count on tax deductions in the amount of 1 […]
After a small short-term correction, the pair USD / CAD still reached its one-and-a-half-year highs, finally consolidating itself within the 35th figure. The Canadian is under pressure from the oil market, which continues to fall in price actively. At the moment, a barrel of Brent crude is already trading around $ 52, the last time […]
The dollar’s position is strongly undermined by lowering the Fed’s forecasts, the sale of shares and political turmoil in Washington, suggesting a partial government closure since Saturday. On Friday, the US currency fell to most of its colleagues from the “Group of 10”, showing the worst dynamics in 10 months. It should be noted that […]
According to experts of the Swiss bank Credit Suisse, next year the gold rate may show a significant increase. “Our gold outlook for 2019 remains bullish,” said representatives of the financial institute. As factors that will contribute to an increase in the value of the precious metal, they indicated a weakening of the US currency, […]
The demand for the European currency has again sharply decreased, and this is the case when large players play against the market and against the news background. While speculative traders open long positions on the euro based on continued risky asset growth after recent statements by the US Federal Reserve, major players play a completely […]
What to be, not to be avoided. The Fed recognized the need to gradually slow down the process of normalizing monetary policy. FOMC members are planning to raise the federal funds rate once or twice in 2019, rather than three, as in September forecasts. The Central Bank believes that the US economy will slow down […]
To open long positions on GBP / USD, you need: The pound calmly reacted to the data on GDP growth for the 3rd quarter of this year, continuing to trade in the side channel slightly above the support level of 1.2646. As long as trade is conducted above this level, the demand for the British […]
To open long positions on EUR / USD, you need: Euro buyers were unable to cope with the task of fixing above 1.1471, to which I called my attention in the morning forecast, which, as expected, led to a sale. At the moment, it is best to return to long positions after reducing and updating […]
Since at the beginning of December, OPEC and its allies announced a supply cut of 1.2 million barrels per day from the beginning of January, oil has fallen by almost $ 6. On the eve, the quotes updated to 14-month lows. In other words, prices could not get support from the conclusion of the transaction. […]
The US stock market, currently experiencing one of the strongest collapses in recent years, faced a lack of liquidity. This phenomenon is called “ghost”, terrifying investors. This phenomenon was often recalled by market players who made it during periods of collapse, but in the last decade there was plenty of liquidity in the market. As […]
The USD/CAD pair has been trading upwards. As I expected, the price tested the level of 1.3540. According to the H4 time frame, I have found that buyers are in control and there is a short-term trend, which is a sign of strength. I have also found a rising LBR oscillator and upward Keltner channel, […]
Trading recommendations: According to the H1 time frame, I found that the BTC is trading inside of the range between the price of $4,135 (resistance) and the price of $3.852 (support). My advice is to watch for a potential breakout of the trading range to confirm further direction. If you see a breakout of resitance, […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1423. According to the M15 time frame, I found that EUR/USD is trading below the Ichimoku cloud and the daily pivot (1.1433), which is a sign that sellers are in control on the intraday prospective. I also found a confirmed triple bottom formation […]
Overview: The USD/CAD pair continues moving in a bullish trend from the support levels of 1.3427 and 1.3500. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in the bullish trending market. As the price is still above the moving average (100), immediate support […]
Since Mid-November, Successive Lower Highs were observed below the depicted H4 downtrend line around the price levels of 1.2870 and 1.2780. Shortly after, there was a quick bearish decline towards the price level of 1.2500 before bullish recovery took place on December 12. A bullish Head & Shoulders pattern is being demonstrated on the H4 […]
Overview: The GBP/USD pair broke resistance at 1.2604 which turned into strong support yesterday. This level coincides with 38.2% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the daily chart, the pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On […]
Wave counting analysis: In the course of trading on December 20, the GBP / USD pair gained about 50 bp. However, the two attempts to break through the level of 100.0% in Fibonacci failed. Thus, there is reason to assume the completion of the upward correctional structure around the level of 100.0%. In the case […]
Trading Plan 12/21/2018 The big picture: The dollar is falling. The dollar declines after the Fed meeting. What is the reason? It seems that the rate was raised by + 0.25%, new increases in the rate are likely, “school-wide”, this is a strengthening of the currency. Answer: The first. The increase in the rate of […]
Yesterday, US Treasury Secretary Steven Terner Mnuchin tried to reassure traders and investors by making a number of statements regarding the growth prospects of the US economy after the Federal Reserve System signaled a slowdown in its growth, which led to a rapid surge in volatility, especially the EUR / USD pair. As we can […]
To open long positions on the GBP / USD pair, you need: Today is expected to yield data on the UK economy, which may return to the market of sellers. However, while the trade is conducted above the middle of the channel 1.2646, the demand for the British pound will continue and the main task […]
After summing up the FOMC meeting and in the absence of important macroeconomic data, the issues of budget formation come to the fore. On the eve, Trump tried to reach an agreement with the Congress on the budget for 2019, at stake was the termination of funding for the work of the government already this […]
To open long positions on EUR / USD pair, you need: The growth of the euro was quite intensive yesterday but the current demand is very unlikely. Buyers need to get above 1.1471, which will lead to a new wave of purchases and to update the highs already in the area of resistance 1.1515 and […]
The pair of euro-dollar entrenched in the 14th figure, but for further upward movement, an additional impulse is needed, an additional news driver. The rich economic calendar of today will play a key role in this regard. Today, the dollar will either receive support, or market participants will increase sales of the US currency. Let […]
Large scale graph: From the end of May of the current year, the bullish wave structure unfolds on the chart, designed to return the direction of the main trend to the upward course. Medium scale graph: Since October 26, the flat mood dominates on the chart, making it difficult to identify wave structures. This is […]
In recent days, the course of the single European currency has received significant support and added to the US dollar. This was facilitated by the expectation of the ECB’s decision to stop the European economy support program this month. Some certainty regarding the Brexit issue amid the promising softer monetary policy announced by the Fed […]
