Trend analysis (Fig. 1). On Friday, a downward movement is possible with the first target of 1.1424 – a rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – […]
EUR/USD There was a slight separation in the financial markets yesterday due to the uncertainty of the average players left without the support of large investors. As we noted earlier, major players left the stock market in the autumn and shifted to government bonds, which, in part, provided support to the dollar. In fact, we […]
Trend analysis (Fig. 1). On Friday, a downward movement with a lower target of 1.2619 is possible – a rolling level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis – […]
Yesterday, the pair reached the range of the average course of the week. This indicates a high probability of stopping growth and the emergence of a proposal. It is possible to form a corrective model that will allow you to get favorable prices for the purchase. Yesterday’s growth made it possible to reach two significant […]
The correction in the wave iv should be close to its end. Ideally, we will see a final spike above 1.7015 where a peak of a new impulsive decline in the wave v towards 1.6166 is expected. In the short-term, a break below minor support at 1.6777 will be a strong indication that the wave […]
The EUR/JPY pair has finally broken below the triangle support-line at 127.70 and the wave C will be able to lower to the long-term ideal target at 123.66. Now the previous support at 127.70 should act as resistance and, ideally, cap the upside for a further decline in the wave C. However, this will be […]
The AUD/JPY pair has been quite impulsive and non-volatile with the recent bearish momentum after rejecting off the 84.00 resistance area with a daily close. Japan having the record budget and better development plans without mass improvement or changes, did manage to help the currency to gain impulsive momentum over AUD. AUD has been struggling […]
The AUD/USD pair is approaching its resistance at 0.7162 (100% Fibonacci extension, 61.8 % & 50% Fibonacci retracement, horizontal pullback resistance) where a reversal to its support at 0.7105 (76.4% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) is nearing its resistance at 87% where a corresponding drop is anticipated. AUD/USD […]
The CHF/JPY pair bounced off its support at 112.32 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.25 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur. CHF/JPY bounced off its […]
When the European market opens, some economic data will be released such as Consumer Confidence, French Consumer Spending m/m, and German GfK Consumer Climate. The US will also publish the economic data such as Revised UoM Inflation Expectations, Personal Income m/m, Revised UoM Consumer Sentiment, Personal Spending m/m, Core PCE Price Index m/m, Final GDP […]
In Asia, Japan will release the National Core CPI y/y and the US will also publish some economic data such as Revised UoM Inflation Expectations, Personal Income m/m, Revised UoM Consumer Sentiment, Personal Spending m/m, Core PCE Price Index m/m, Final GDP Price Index q/q, Durable Goods Orders m/m, Final GDP q/q, and Core Durable […]
The current movement of the Asian session made it possible to implement a priority descending model. The weekly test of 111.89-111.71 indicates the need to fix a portion of sales. The rest can be converted to breakeven. The downward movement moves into the medium-term phase. If today’s closing of the US session is below the […]
Breaking forecast 12/20/2018 The euro began to move upward. On Wednesday, the euro started to move upward – but received a strong blow from the Federal Reserve rate hike. Yet the movement is not yet broken. We keep buying from 1.1405, stop 1.1360, target 1.1605. Possible entry to the breakthrough of 1.1445. The material has […]
EUR/AUD is testing its resistance at 1.5998 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5825 (61.8% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is expected. EUR/AUD is testing its resistance […]
XAU/USD is approaching its support at 1233.53 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1245.25 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur. XAU/USD is approaching its support […]
XAU/USD (Gold) is above our strong ascending trend line and in a bullish channel. We are buying on strong support at 1239.91 (ascending support, bullish channel, fibonacci retracement, fibonacci extension) for a bounce up to 1256.65 as our profit target. Our stop loss is at 1234.29. The material has been provided by InstaForex Company – […]
Trading recommendations: According to the H1 time – frame, I found BTC has been trading upwards. As I expected, the price tested the level of $4.045 and met my yesterday’s target. Anyway, I found a potential overbought condition on the BTC since the price tested the upper diagonal of the upward channel and did found […]
While traders continue to “eagerly buy” European currency in the expectation of its long and rapid growth, buyers of the pound continue to stay away from everything that happens, carefully studying the signals from the Bank of England. Fed Yesterday, the Federal Reserve System raised interest rates, which generally expected 99% of the market, but […]
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 […]
Since mid-November, successive lower highs were demonstrated below the depicted H4 downtrend line around the price levels of 1.2870 and 1.2780. Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern is being demonstrated on the H4 […]
Recently, the USD/CAD pair has been trading downwards. The price tested the level of 1.3446. Anyway, according to the M30 time – frame, I have found that price rejected from the lower Keltner band (support, 2.5 standard deviations), which is a sign that USD/CAD went to the oversold zone. I also found that price stopped […]
To open long positions on GBP / USD, you need: The pound calmly reacted to the decision of the Bank of England to leave the interest rate unchanged, which is expected to limit the upward trend in the upper border of the side channel of 1.2705, which I paid attention to in my morning review. […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – sideways. CCI: 162.5807 The GOLD tool continues to rise in price against the general decline in the US currency. It should be noted that gold has been going up for […]
Following the meeting on Wednesday, December 19, the US Federal Reserve announced the next step aimed at normalizing monetary policy, raising interest rates by a quarter percent. Fed projections look confidently bullish. The GDP growth rates were revised for 2018 from 3.1% to 3.0%, for 2019 from 2.5% to 2.3%, which in fact looks like […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2706. Anyway, according to the M30 time – frame, I have found a fake breakout of the 2-day high and a bearish breakout of the 2H balance, which is a sign that buying looks limited. I also found price rejection from […]
Brent crude oil during trading on Thursday fell to $ 54.66 a barrel, refreshing the low of September 2017. Quotes of WTI Texas oil also showed a decline to $ 46.15 a barrel. The main driver of the fall in the oil market were the results of the meeting of the Federal Reserve System (FRS) […]
Experts believe that the actions of the Federal Reserve System (FRS) of the United States “cut the wings” to investors. Recall, the Fed has raised the rate and is preparing to raise it twice more in 2019. After the speech of Jerome Powell, the head of the department, a collapse occurred in the markets, which […]
Overview: The USD/CHF pair continues to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, and the price is moving in a bullish channel now. There are no changes in our technical outlook. The bias remains bullish in the nearest term, testing 1.0142 […]
After the announcement of the results of the December Fed meeting, the dollar bulls tried to show good spirits, since the most dovish scenarios were not realized. The Fed has justified the forecasts of most analysts and took a double position. On the one hand, the regulator announced a further tightening of monetary policy, and […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1421. Today, the first support level is currently seen at 1.1421, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.1421, which coincides with the 61.8% Fibonacci retracement level. […]
