4-hour timeframe The amplitude of the last 5 days (high-low): 94p – 72p – 62p – 95p – 60p. Average amplitude for the last 5 days: 77p (83p). The EUR/USD currency pair on Tuesday, December 18, quite expectedly continued its upward movement within the side border with inaccurate boundaries, the upper of which lies near […]
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 […]
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 […]
Trading recommendations: According to the H1 time – frame, I found that BTC reached my yesterday’s target at $3.543 but it found sellers there at Fibonaci expansion 100%. I also found the breakout of the intraday support trendline, which indicates that sellers are in control today. My advice is to watch for intraday selling opportunities. […]
Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1400. According to the H4 time – frame, I have found the breakout of the resistance trendline and the breakout of the 20-hours balance to the upside, which is a sign that buyers are in control. I also […]
To open long positions on EURUSD you need: Tomorrow’s interest rate decision and Christmas all bring more uncertainty to the markets. Data is ignored, and the direction becomes unpredictable. Today I recommend to make purchases on a false breakout in the area of 1.1332, and it is better to rebound from the low of 1.1311. […]
Breaking forecast 12/18/2018 EURUSD: We are preparing a breakthrough and movement. The main news of the week – on Wednesday – the Fed decision on rates and the Fed forecast on the economy. The market fluctuates in ranges. The range for the euro: 1.1265 – 1.1400. We are ready to buy the euro from 1.1400, […]
Recently, Gold has been trading upwards. The price tested the level of $1,249.00. According to the H4 time – frame, I found that there is the breakout of the bullish flag pattern (bullish), which is a sign that buyers are in control. I also found the successful rejection of the support (lower diagonal of the […]
Although inflation in Europe slowed from 2.2% to 1.9%, while waiting for a decline of only 2.0%, which showed a preliminary estimate, the single European currency could even strengthen. This is largely due to concerns about the upcoming meeting of the Federal Commission on Open Market Operations, the results of which will be announced tomorrow […]
Overview: The USD/CHF pair continue to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, 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 or […]
Brexit’s topic has left the front pages of European and British publications, but the foreign exchange market closely monitors the development of events on this issue. After a series of unsuccessful attempts to find a compromise, the parties dispersed “at the corners of the ring”, apparently – until the middle of January next year. Nevertheless, […]
Overview: The AUD/USD pair continues to trade upwards from the level of 0.7185. The pair rose from the level of 0.7185 to a top around 0.7299 but it rebounded to set around the spot of 0.7212 and 0.7249 . Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 […]
Large-scale graph: Price fluctuations of the cross from April are consistent with the algorithm of the last ascending wave. The formed standard plane has entered the final phase. Medium-scale graph: The rising wave of November 13 gave rise to the final part of the model senior timeframe. A large scale resistance zone has been reached […]
To open long positions on the GBP / USD pair, you need: News that British Prime Minister Theresa May postponed the Brexit vote the following year did not hurt much the pound, which regained its position yesterday against the US dollar. To continue the upward trend, buyers need a breakthrough and consolidation above the resistance […]
Large-scale graphics: The general vector of the price movement of the pair from February of the current year is directed upwards. The last wave of the scale H4 forms the final part of the ascending model. Medium scale graphics: From November 13, the price forms a downward wave. Its structure to the current moment looks […]
Wave counting analysis: During the December 17 trading session, the GBP / USD currency pair added a total of about 15 basis points. Thus, wave 5, a, continues to be considered complete. If this is true, then the increase in quotations will continue with targets located near the levels of 100.0% and 76.4% Fibonacci. This […]
Wave counting analysis: During the Monday trading, the EUR / USD currency pair gained about 45 basis points. Thus, the pair remains within the framework of the construction of the supposed wave from the corrective part of the trend, since the wave b was not broken at least. The whole wave takes a very complex […]
EUR/JPY has been corrective itself inside the range between 127.50 to 130.00 area for a few weeks now which is expected to lead to certain bearish pressure in the coming days. Despite downbeat GDP data from Japan, JPY has recently managed to gain certain momentum over EUR which indicates weakness of EUR. Earlier EUR has […]
Asian markets followed Wall Street and continued their declines with repeated concerns about slowing growth. After a strong sell-off in the US (SP500 down -2.08%), the Asian stock market saw no other option but to connect to pessimism. Chinese Shanghai Composite falls 0.76%, and Japanese Nikkei has decreased by 1.82%. In the currency market, an […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The junior linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 46.7664 The GBP / USD currency pair has once again adjusted to the moving average line, but the bulls are still not strong enough to overcome it. The […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The junior linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 6.4182 The currency pair EUR / USD on Tuesday, December 18, corrected to the moving average line and Murray’s level of “2/8” – 1.1353, but could not overcome […]
GBP/USD is currently trading sideways with higher volatility at the edge of 1.2600 area from where the price is expected to push lower in the coming days. The pair is very sensitive to the BREXIT deal developments and the FED’s Rate Hike decision this week. In this context, certain volatility is expected in this pair […]
Trend analysis (Fig. 1). On Tuesday, a downward movement is possible with a technique with the first goal 1.1307 – a historical support level (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis is neutral; – trend analysis […]
Gold price bounced as expected from 38% Fibonacci retracement level. The price is now challenging the recent highs and could provide one more new higher high towards $1,260 if we manage to break above the resistance at $1,250.50. Red rectangles – resistance areas Green rectangle – major short-term support Blue rectangle- target if green rectangle […]
The S & P 500 broad market index lost 2.08% on Monday, updating the 12-month low. Despite the fact that the Fed’s plans to raise the rate at the last meeting this year were known in advance, investors see no chance of maintaining high economic growth next year. The main stated goal of the Fed’s […]
GBP / USD pair After yesterday’s, albeit insignificant price increase, price convergence opened with the Marlin oscillator on the daily chart. It opens up the prospect of price movement to the resistance of the price channel line of 1.2732 and to the resistance of the MACD line at 1.2900. For such a strong movement, good […]
USD/JPY has been quite impulsive with the recent bearish momentum in the pair while residing between the price range of 111.50 to 114.50 area. Ahead of the federal funds rate decision, the FOMC Statement and the BOJ Policy Rate to be published this week, USD is expected to regain impulsive momentum against JPY in the […]
Facebook has posted five new items related to the Blockchain technology on its careers webpage in the last three weeks, two of which were added on December 5 and 6. Vacancies open to candidates include two positions as a software engineer, two data researchers, and a data engineer. All of them are full-time positions at […]
4h The EUR / USD currency pair reversed around the level of 1.1269 in favor of the European currency and the close above the fibo level of 100.0% – 1.1303. As a result, on December 18, the growth process can be continued in the direction of the correction level of 76.4% – 1.1423. There is […]
According to the data from Etherscan, the number of unique addresses of the Ethereum portfolio exceeded the threshold of 50 million. On Saturday, the Ethereum network recorded a daily increase of 168,506 unique cryptographic portfolios, following a steady upward trend this year. The highest historic daily increase in the unique addresses of Ethereum took place […]
