Which does not kill makes us stronger. The week to December 14th was a real challenge for the US dollar. Bloomberg experts predicted a slowdown in US inflation, Mario Draghi expected optimism about the prospects for the European economy, and a truce in the Washington-Beijing trade war should have a positive impact on European business […]
At the trading at the end of the week, the price of gold falls amid rising US dollar exchange rate before the Fed meeting with an interest rate decision. As of 14:30 London time, the value of gold fell by 0.59%, to $ 1,240.05 per troy ounce. At the same time, the index showing the […]
Recently, Gold has been trading downwards. The price tested the level of $1,234.00. According to the H4 time – frame, I have found the breakout of the bearish flag in the background and successful rejection of the resistance trendline, which is a sign that sellers are in control and that buying looks risky. I also […]
Earlier this year, oil conquered one peak after another, aided by two main factors. One is increased demand and the other, a limited supply. At the present time, the hydrocarbon market is experiencing a difficult time. The forecasts of experts regarding the future prospects of black gold differ. Someone expects a fall in prices and […]
According to experts, oil prices “took a pause” in anticipation of new growth drivers in the global market. A lull in the global black gold market is also reflected in the dynamics of oil prices. After a significant surge in volatility due to the OPEC+ agreement to reduce oil production by 1.2 million barrels per […]
Large-scale graph: The perspective vector of price movement coincides with the last bullish wave construction of May 29. In the wave structure, the final part (C) is not completed. Medium-scale graph: Starting from October 26, the price moves mainly in the lateral direction. In this case, the final part (C) is formed in the structure […]
The European Union told Britain “no”. The leaders of the European powers refused the request of Theresa May to clarify the key points of the deal regarding the Irish border. Moreover, Brussels accused the British prime minister of the vagueness of the voiced demands. The head of the European Commission, Jean-Claude Juncker, most succinctly described […]
Wave counting analysis: During the trading on December 13, the GBP / USD currency pair added about another 20 basis points more. Thus, the estimated wave 5, a, is considered complete at this stage. If this is indeed the case, then the instrument has moved to the construction of a correction wave b. However, a […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD currency pair lost several points. The trend segment, taking its beginning on November 28, takes a horizontal shape and still belongs to the estimated wave from the corrective trend segment. Thus, this wave takes on a very complex internal structure, but […]
Trend analysis (Fig. 1). On Friday, according to the technique, it is possible to move upwards with the first goal of 1.1394, the upper fractal. When breaking through, the continuation of the upper work. Fig. 1 (daily schedule). Comprehensive analysis: – Indicator analysis – up; – Fibonacci levels – up; – Volumes – top; – […]
Trend analysis (Fig. 1). On Friday, the uptrend with the first target of 1.2700 is the historical resistance level (blue dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – Indicator analysis – up; – Fibonacci levels – up; – Volumes – up; – Candlestick analysis – up; – Trend analysis – up; – Bollinger lines […]
Large-scale graphics: The price of gold on the daily scale of the chart since the beginning of the year has been consistently shifted down. Some diversity was introduced by the oncoming wave of the scale H4, which became a correction in the main structure. Medium scale graphics: The price of the tool since August 16 […]
NZD/USD is currently quite impulsive with the bearish pressure, breaking below the 0.6850 area. Amid the recent economic reports and fundamental events, USD has managed to gain momentum over NZD, and this gain is expected to continue further. New Zealand has been trying to improve its current banking system. RBNZ being stubborn about the interest […]
USD/CAD has been quite non-volatile with the recent bullish gains which is expected to lead the price towards 1.3450 resistance area in the coming days. Despite the softer rhetoric of the US Fed on monetary tightening and downbeat employment reports, USD managed to sustain the bullish momentum over CAD which is expected to turn a […]
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 […]
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1330. 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 […]
Since Mid-November, the GBP/USD pair failed to establish a successful bullish breakout above the price level of 1.2880 (the upper limit of the depicted consolidation range). On the other hand, two unsuccessful bearish breakout attempts were demonstrated below 1.2720 during last week’s consolidations. During Friday’s consolidations, the GBP/USD pair failed to fixate above 1.2780 (79.6% […]
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 consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
The euro continues to trade inside a tightening range having formed a triangle pattern. Trend remains neutral as price is still below resistance and above support. Traders better wait for a confirmed breakout before choosing sides. Blue lines – triangle boundaries Nothing new regarding our view on EUR/USD. Price is in the middle of the […]
Gold price is pulling back towards the support area of $1,239-40. This pullback has a short-term target of $1,235 where the short-term 38% Fibonacci retracement is found. Bulls would want this decline to stop there. Green rectangles -support levels Red rectangle -short-term target Green line -long-term support trend line Blue line – short-term trend line […]
GBP/USD On Thursday, the British pound increased slightly (22 points), but even this growth on the political crisis in England looked excessive. This morning, in the Asian session, this growth is already blocked by a falling candle. The price found strong resistance on the balance line of the four-hour chart. Now we are waiting for […]
To open long positions on GBP/USD, it is required: There is no news on Brexit, which makes traders more cautious about further growth. On the other hand, the pound draws a good technical model for the continuation of the upward trend. You can count on new purchases of the pound after breaking through and consolidating […]
When the European market opens, some economic data will be released such as Core Retail Sales m/m, Flash Manufacturing PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and German WPI m/m. The US will also publish the economic data such as Business Inventories […]
In Asia, Japan will release the Revised Industrial Production m/m, Flash Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US will also publish some economic data such as Business Inventories m/m, Flash Services PMI, Flash Manufacturing PMI, Industrial Production m/m, Capacity Utilization Rate, Retail Sales m/m, and Core Retail Sales m/m. So there […]
Core inflation in the US rose in November to 2.2% versus 2.1% a month earlier, and at first glance this growth strengthens confidence that the Federal Reserve will raise the rate at the meeting on December 19. At the same time, it should be noted that core inflation, which does not take into account energy […]
4-hour timeframe The amplitude of the last 5 days (high-low): 91p – 63p – 92p – 94p – 72p. Average amplitude for the last 5 days: 82p (78p). The EUR/USD currency pair continues trading near the critical Kijun-sen line on Thursday, December 13. This morning it became known that members of the Conservative party of […]
The Italian authorities finally agreed to revise the draft federal budget for 2019 and reduce the budget deficit from the previously announced 2.4% to 2.04% of the country’s GDP. This was announced by Prime Minister Giuseppe Conte at a meeting with the head of the European Commission Jean-Claude Juncker in Brussels. The Italian government explained […]
The threat of exacerbation of trade conflicts, the volatility of oil prices and the correction of the US stock market made the question about the prospects for the yellow precious metal one of the most pressing at the end of this year. Despite the fact that some economists believe that next year gold will fall […]
According to the calculations of the International Energy Agency (IEA), the global oil market may face a shortage of raw materials. The reason for this is that experts believe the new agreement OPEC + and the reduction in the supply of black gold from Canada. The monthly oil market report, presented by the IEA, reports […]
To open long positions on the GBP / USD pair, you need: Buyers completed the installation for the first half of the day and broke above 1.2620, which led to a new wave of pound growth. At the moment, a breakthrough and consolidation above resistance 1.2667 is needed which will allow us to count on […]
