Stock indices and yields on US Treasury bonds are going down, and the dollar is falling. What could be better for gold? Precious metal benefits from a favorable external background and confidently moves up. Futures quotes returned to the five-month highs area and in the case of the “pigeon” rhetoric, the FOMC is ready to […]
USD/CHF is currently pushing a bit higher after bouncing off the 0.9850-0.9920 area with a daily close which has optimistic structure to push higher as per the preceding trend. Ahead of the release of the FOMC and Federal Funds Rate report today, the pair is expected to be quite volatile while trying to push higher […]
To open long positions on the GBP / USD pair, you need: Pound buyers ignored inflation data, which fully coincided with economists’ forecast that led to a slight decrease in the pound in the first half of the day. However, the formation of a false breakdown in the area of 1.2649 may lead to a […]
To open long positions on EUR / USD pair, you need: The demand for the euro remains after a good report of growth on the prices of manufacturers in Germany. Another attempt to consolidate above the resistance level of 1.1401 may form a large upward wave in EUR / USD pair in the second half […]
AUD/USD has been quite volatile and corrective at the edge of the 0.7200 area, from where it is expected to push lower in the coming days. Ahead of the Federal Funds Rate report and data on the FOMC events today, USD is expected to gain momentum over AUD in the process. Today, the US Federal […]
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 bearish 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 […]
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 slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
Trading recommendations: According to the H1 time frame, I found that BTC had tested the level of $3.765. In addition, there is a breakout of the intraday downward channel, which is a sign that buyers are in control. The short-term trend is bullish. My advice is to watch for buying opportunities. The upward target is […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2630. According to the H4 time frame, I found the breakout of the upward channel, which is a sign that sellers are in control. I also found the false breakout of the resistance at the price of 1.2684, which is a sign that […]
Overview: The NZD/USD pair broke resistance which turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is […]
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 […]
Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1408. According to the M30 time – frame, I found that EUR/USD is trading above the daily pivot (1.1366) and above the Ichimoku cloud, which is a sign that buyers are in control. I also found a broken […]
Wave counting analysis: In the course of trading on Tuesday, the EUR / USD pair added a total of about 15 bp. Thus, there is reason to assume that the instrument remains within the framework of the construction of the proposed wave c. If this is true, then the increase in quotes will continue with […]
Breaking forecast 12/19/2018 EURUSD: We are waiting for the breakthrough of the range and movement. Another attempt to start the movement on Tuesday fell through – the euro pierced an important level of 1.1400 to the top – but was thrown back into the range. Today at 18.00 London time, the Federal Reserve will publish […]
Wave counting analysis: In the course of trading on December 18, the GBP / USD pair added about 15 bp more. Thus, wave 5 a, is still considered complete. If this is true, then the increase will continue with targets located near the 100.0% and 76.4% Fibonacci levels, within the framework of the three-wave correction […]
EUR/USD is trying to break above 1.14 so far. The chances that the break down below 1.13 was a fake break down have increased dramatically. Strong resistance lies ahead around 1.1430 so bulls need to be cautious. Green line – RSI bullish divergence Red line – major trend line resistance Blue line – short-term resistance […]
Gold price made a new marginal new higher high. Medium-term trend remains bullish as price continues to make higher highs and higher lows. Gold price is heading towards $1,262. Last weeks low is now very important support. Blue line – bearish divergence Purple lines – bullish channel Gold price is now targeting the 50% Fibonacci […]
To open long positions on GBP/USD is required: There is no news on Brexit, and the growth of the pound is based only on the weakness of the US dollar. Today, it is best to return to long positions after forming a false breakout in the area of 1.2649 or a rebound from the support […]
To open long positions on EURUSD you need: Another wave of growth of the EUR/USD led to a renewal of the highs and a resistance test of 1.1401. Only a breakthrough with a consolidation above this level will be a buy signal with an exit to the new levels 1.1426 and 1.1445, where I recommend […]
On Wednesday, the 19th of December, the event calendar is quite rich in important data releases. Germany will post PPI data, the UK will present Consumer Price Index data, Retail Price Index data and PPI data. The US will post Current Account data, Existing Home Sales data and Crude Oil Inventories data. Canada will present […]
The price on Tuesday moved up in the side channel. This is the result of a combination of technical and fundamental analysis. The price today tested 1.2673 for the second time – a rolling level of 23.6% (yellow dashed line), but could not break through. Today, strong calendar news out at 22.00 and 22.30 Moscow […]
The upward movement of the previous day continued the formation of the medium-term impulse model and made it possible to achieve the important target weekly KZ 1.3478-2.3458. Part of the purchases can be closed, the rest is transferred to breakeven. Yesterday’s weekly short test led to the emergence of proposals and a halt in growth. […]
GBP/USD Today, the British pound has one task – to “remove the reaction” of the market to the Fed rate hike and the regulator’s further plans for monetary policy. But tomorrow the task and the problem will be different – to prepare for the UK’s exit from the EU without a deal. This was stated […]
AUD/USD On Monday, the Australian dollar was watching the events on the world market, but when it became clear this morning that the American dollar had lost yesterday, the “Aussie” abruptly went up. At the moment, the price is struggling with the Krusenstern line resistance on the daily chart, on the four-hour chart it has […]
At the last meeting this year, the Fed should raise the target for the federal reserves by 0.25 percent. The increase is widely expected, and the interest in the language of the communication will be greater, as in recent weeks the members of the committee have suggested a change in attitude. The global investors expect […]
When the European market opens, some economic data will be released such as Belgian NBB Business Climate, and German PPI m/m. The US will also publish the economic data such as Federal Funds Rate, Crude Oil Inventories, and Existing Home Sales, so amid the reports, the EUR/USD pair will move in a medium to a […]
In Asia, Japan will release the Trade Balance and the US will publish some economic data such as Federal Funds Rate, Crude Oil Inventories, and Existing Home Sales. So there is a probability that the USD/JPY pair will move with a medium to a high volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.00. […]
AUD/CHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur. AUD/CHF is testing its support where we […]
“Fear has big eyes”: something like this can be said about the situation on the foreign exchange market on the eve of the last Federal Reserve meeting this year. The dollar index dives down, showing the weak position of greenback against a basket of major currencies, and the yield of 10-year treasuries fell to 2.83%, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 158p – 195p – 77p – 137p – 79p. Average amplitude for the last 5 days: 129p (164p). Following the Conservative Party of Great Britain, a vote of no confidence in Theresa May can be made by the Labour Party. That’s what Jeremy Corbyn, her […]
