On Thursday, the upward movement will continue with the goal of 1.2897 – a rolling back level of 38.2% (yellow dotted line). The first intermediate upper target is 1.2873 – 21 medium EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – top; – volumes – […]
On Thursday, the 29th of November, the event of the day is FOMC Meeting Minutes release later during the evening, but before this will happen there are other important data scheduled for release from Germany (Unemployment Change and Unemployment Rate), France (GDP), UK (Net Lending) and Eurozone (Financial Stability Report). SP500 analysis for 29/11/2018: The […]
USD/CHF has been quite impulsive with bearish moves after being rejected off the 0.9980-1.00 resistance area. Amid downbeat economic data from the US, USD struggled to sustain the bullish momentum, while CHF gained without any positive economic reports. Amid universal expectations of the rate hike by the US Federal Reserve in December, USD has been […]
Trend analysis (Fig. 1). On Thursday, it is possible to continue the upward movement, with the first target of 1.1393, the sliding level of 61.8% (yellow dotted line). From this level, you can try to work down, but it will be a sliding job (high risk). But in general, the upward trend will continue. Fig. […]
President Trump is not happy with how the Fed’s policy is run by Chairman Powell, whom he himself appointed and now regrets. What seems more important, however, is the justification of his opinion. Well, Trump “has a hunch” that sometimes tells him more than the “minds” of others. It is difficult to argue with this […]
The current situation in the crypto markets The current bear markets are “golden time” for possession of cryptocurrencies – said today co-founder of Fundstrat Global Advisors, Tom Lee, during a speech at BlockShow Asia 2018. He listed three main reasons for the recent market crash: Bitcoin Cash’s hard-fork dispute, regulatory action by the US Securities […]
With the break below 1.6676 it was confirmed that wave iv/ completed early and a new low below 1.6539 closer to 1.6478 should be expected in the short term. This is exactly what we have seen. A new low below 1.6539, but not yet a test of 1.6478, but we expect to see a final […]
EUR/USD bounced strongly yesterday breaking short-term resistance levels and putting bulls back in the game. However neither bulls nor bears are in control of the trend. As long as price is trading between 1.1410 and 1.1270 trend will be neutral. Red line – resistance trend line Green line – support trend line EUR/USD is challenging […]
FED remarks of a pause in its rate hikes lifted the EUR and also lifted EUR/JPY past our pivot point at 129.00, which invalidated our bearish count. So we have been back to the drawing board to review the possible options and it looks more and more likely, that wave [E] itself is developing into […]
Gold price bounced strongly yesterday respecting the 61.8% Fibonacci retracement level we noted yesterday. Still with no clear medium-term trend, Gold is still below major resistance levels that if broken upwards could provide a strong bullish signal for a move towards $1,250-60. Bears need to break below yesterday lows in order to regain control of […]
AUD/JPY has been quite impulsive with bullish gains recently which is expected to lead the price higher towards 83.50-84.50 resistance area in the coming days. A better-than-expected employment report helped AUD to gain and sustain bullish momentum while JPY is struggling due to a slowdown in Japan’s economy and mixed economic reports. Recently Auatralia’s Construction […]
4h The EUR / USD pair reversed in favor of the European currency and closed above the Fib level 100.0% – 1.1303.As a result, on November 29, the growth process can be continued in the direction of the next correctional level of 76.4% – 1.1423.. More so, rebounding the course of the pair from the […]
On Wednesday, the markets got what they had so longed for all the time – as it seems to them, a hint that the Fed will reduce the number of interest rate increases next year, and their overall level will be less than expected. In his speech, the head of the Federal Reserve, J. Powell, […]
Yesterday, the Japanese yen was able to withstand the onslaught of counterdollar currencies at the speech of Fed Chairman Jerome Powell, but this resistance weakened today in the Asian session – the yen’s decline is 32 points. Of course, the yen has a traditional patron – the stock market. Yesterday, the S & P500 added […]
4 hour timeframe The amplitude of the last 5 days (high-low): 56p – 161p – 84p – 68p – 99p. Average amplitude for the last 5 days: 94p (95p). The British pound sterling has been slightly corrected for today, but this correction can not be called strong. The GBP / USD currency pair cannot move […]
4 hour timeframe The amplitude of the last 5 days (high-low): 61p – 54p – 93p – 59p – 67p. Average amplitude for the last 5 days: 67p (76p). The currency pair EUR / USD on Wednesday, November 28, continues its downward movement even against the background of the complete absence of important macroeconomic information […]
The three main events of the currency market on Tuesday are the breakdown of the euro mark of 1.13, the fall of the British pound to monthly lows and the continued attack of the dollar on the yen. Now, we need to take a closer look at the AUD / USD pair, for a number […]
The Bears are trying to return gold to the trading range of $ 1,185-1,215 per ounce, armed with market concerns about the escalating trade conflict between the US and China and the growing risks of hawkish rhetoric by Jerome Powell. Despite the fact that the derivatives market reduced the likelihood of three increases in the […]
To open long positions on the GBP / USD pair, you need: Pound buyers managed to get above the morning resistance level of 1.2773, which resulted in a small upward correction. However, the main goal is a large resistance level located slightly above yesterday’s high near 1.2833, where I recommend taking profits. In the case […]
To open long positions on EUR / USD pair, you need: The situation has not changed much compared to the morning forecast but the market is on the side of euro sellers. To change the situation, a breakthrough and fixation above the resistance of 1.1292 are needed, which will lead to a larger upward correction […]
The dollar continued to grow as expected for the fourth day in a row. Yet, another escalation of the trade conflict forces investors to seek asylum, although the speech of the Fed chairman can drastically change the course direction. The recent criticism of the Fed by US President Donald Trump has raised concerns that the […]
On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. Since then, the short-term outlook turned to become bearish under the depicted daily downtrend. On H4 chart, the GBP/USD pair looked oversold around the price levels of 1.2700 where profitable BUY entries were suggested. A Quick bullish movement was demonstrated towards 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. Recent bearish movement is maintained within the depicted daily movement channel. On November 13, the EUR/USD demonstrated […]
Overview: The AUD/USD pair continue to trade upwards from the level of 0.7225. This week, the pair rose from the level of 0.7225 to a top around 0.7299 but it rebounded to set around the spot of 0.7242. Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 is […]
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1288. The resistance is seen at the level of 1.1338 and 1.1390. Moreover, the price area of 1.1390/1.1338 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD pair will move downside and the […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2770. According to the M30 time – frame, I found that GBP/USD is in an upward correction phase and that buying at this stage looks risky. I also found that price is still trading below the downward trendline, which suggests downward […]
From the powerful support zone since September 7, a flat wave model is formed upward. It has a reversal potential that can change the direction of the short-term trend of the pair. Wave pattern on the H1 chart: The downward stretch of the wave in the older TF at October 22 took the place of […]
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1266. According to the H1 time – frame, I have found the potential end of the upward correction (contracted flat), which is a sign that buying looks risky. I have also found a short – term bearish trend, […]
Trading recommendations: According to the H1 time – frame, I found that BTC rejected from the supply zone at the price of $4.000. BTC is in short – term balance and I would like to see the breakout of the upward trerndline to confirm potential downward continuation. My advice is to watch for selling opportunities […]
Wave pattern on the H4 chart: The wave pattern formed on the pound chart from mid-August has become a correction for a larger trend. The wave develops mainly in the lateral plane. Most likely, its form will be the “pennant”. Wave pattern on the H1 chart: On October 30, the upward wave zigzag started. The […]
