To open long positions on EUR / USD pair, you need: In the first half of the day, the buyers coped with the task of fixing the resistance above 1.1375 and much will depend on what the ECB President Mario Draghi says during the press conference. It is the tone of his statements that will […]
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 returned to growth after Italy announced that it would reduce its budget spending, although traders remain cautious in anticipation of the monetary policy meeting of the European Central Bank. In general, the world markets started the day positively against the background of easing tensions between the US and China and expectations that China […]
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 […]
Yesterday, the British Prime Minister gained annual immunity from the actions of her opponents. Late in the evening, the parliament announced her a vote of confidence. Now, this question has been removed from the agenda for a long time, although earlier the likelihood of impeachment had disturbed traders and put pressure on the pound. After […]
According to experts, an important event on Thursday, December 13, will be a meeting of the European Central Bank (ECB). The main topic of the meeting is the question of the key interest rate, which will remain unchanged. The regulator also plans to announce the completion of a three-year anti-crisis program to stimulate the economy […]
Bitcoin is currently residing above $3,400 area after rejecting off the $3,500 area recently under impulsive bearish pressure. The price is currently being held by the dynamic levels of resistance including 20 EMA, Tenkan, and Kijun line while residing inside the Kumo Cloud that is expected to lead to certain bullish pressure towards $3,500 area […]
Theresa May has found an elegant way to avoid a shameful resignation, as well as another democratic way of appointing the prime minister, that is, without a general election, as she herself was appointed. Accidentally nicknamed the “Iron lady – 2”, she came to the rostrum of the House of Representatives and solemnly declared that […]
Breaking forecast 12/13/2018 EURUSD: We are waiting for movement on the ECB. On Thursday, two important events: the EU Summit (emergency) on Brexit and the ECB decision. The euro is in a long range and is very likely to breakthrough and begin a strong movement. We are ready to buy the euro from 1.1400, stop […]
Gold price is stabilizing above $1,240. This is good news for bulls. Gold is making higher highs and higher lows so far supporting the bullish scenario for a move higher towards $1,250-60 area. Green line – trend line support Green rectangles- support levels Red rectangles – resistance levels Gold price is now above the recent […]
EUR/USD remains trapped inside the triangle pattern below critical resistance of 1.14-1.1420 and above the 1.13 support. So far break outs to the upside have failed to materialize and resulted in pull backs towards 1.13. Nevertheless each time we saw price pull back towards 1.13 support was respected. Red line -major resistance Green line – […]
To open long positions on EURUSD you need: As many expect today, the ECB will curtail its asset purchase program, but more importantly, how will rates rise next year. During the speech, I recommend to follow exactly this. A break above 1.1375, a good signal to buy the euro with a high of 1.1399. The […]
To open long positions on GBP/USD, it is required: The pound regained all positions after May managed to keep her position, while saying that there is progress in the negotiations on the Irish border. You can count on new purchases of the pound after breaking through and consolidating above the resistance of 1.2626, which will […]
Wednesday’s price, having fought off from 1.2481 – the support line (the red bold line),started to move upwards and reached a rolling level of 23.6% – 1.2672 (the yellow dotted line). Today, strong calendar news is released at 15.45 and 16.30 Moscow time (although the European news will influence the price indirectly). Trend analysis (Fig. […]
EUR/USD On Wednesday, under the influence of the growth of the British pound and information on Italy’s readiness to limit the budget deficit to 2%, the euro grew by 50 points. The price was again above the balance line of the daily timeframe. On the four-hour chart, the price even managed to gain a foothold […]
GBP/USD On Wednesday, the British Parliament voted on a vote of confidence in Prime Minister Theresa May. The initiative of the “48 group” (the necessary number of letters from conservative deputies to initiate a vote of no confidence) failed — May received the support of 200 deputies from the required minimum of 158. And, as […]
In the past two days, the yen was able to consolidate above the growing trend line of the price channel and the indicator line of balance on the daily chart. On the four-hour chart, the situation has not changed. Stock markets are growing (S & P500 0.54%, Nikkei225 0.97%), yen growth expectations remain, only slightly […]
When the European market opens, some economic data will be released such as Main Refinancing Rate, Italian 10-y Bond Auction, Spanish 10-y Bond Auction, French Final CPI m/m, and German Final CPI m/m. The US will also publish the economic data such as 30-y Bond Auction, Natural Gas Storage, Unemployment Claims, and Import Prices m/m, […]
In Asia, Japan will not release any economic data today, but the US will publish some economic data such as 30-y Bond Auction, Natural Gas Storage, Unemployment Claims, and Import Prices m/m. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL […]
4-hour timeframe The amplitude of the last 5 days (high-low): 50p – 91p – 63p – 92p – 94p. Average amplitude for the last 5 days: 78p (79p). The EUR/USD currency pair on Wednesday, December 12, sharply began an upward movement. The key and perhaps the only important news of the day was the launch […]
The last meeting of the European Central Bank this year will be held in the context of political tensions, economic uncertainty, and market volatility. The epidemic of “yellow vests” protests is no longer confined to France. Literally today, protesters blocked one of the most important roads in Poland by staging an unauthorized rally. By the […]
EUR/GBP has been quite impulsive with the bullish gains recently which lead the price to reside at the edge of resistance area between 0.9030 to 0.9100. GBP has been hurt by BREXIT jitters whereas EUR did also been affected by BREXIT. However, the real trouble mounts on GBP at the current situation. Europe is currently […]
To open long positions on GBP / USD pair, you need: The formation of a false breakdown at the support level of 1.2482 happened, which I drew attention in my morning forecast that led the GBP / USD to the area of large resistance 1.2534. For the second half of the day, the main task […]
To open long positions on EUR / USD pair, you need: In the first half of the day, euro buyers managed to stay above the support level of 1.1320-1.1310 and form a false breakdown there. As a resulted, there was an increase in the area of larger resistance 1.1341, which I paid attention to this […]
According to experts, the dominance of the United States in the energy sector is currently under threat. Experts believe the reason for this is protracted trade conflicts with China and other countries. Analysts believe that a full-scale confrontation between the United States and China creates considerable difficulties for the effective development of America’s energy industry. […]
On Wednesday, December 12, it became known that the US Federal Reserve (Fed) plans to replace the key rate. Experts are trying to understand the reasons for this step. In the US Central Bank, a discussion of a possible alternative to the Fed rate began. Analysts do not exclude that such changes may adversely affect […]
EUR/JPY has been volatile and corrective in the price range of 127.50 to 130.00 from where it is expected to push lower in the coming days. Despite a series of worse economic reports published recently in Japan, JPY has made impulsive bearish price swings that indicates EUR’s weakness. EUR has been hurt by Italy’s budget […]
Having reached a five-month high, gold failed to gain a foothold above the psychologically important mark of $ 1,250 per ounce due to strong statistics on American producer prices. In November, the base indicator accelerated to 2.7% y / y, which immediately brought back the idea of continuing the Fed’s monetary policy normalization cycle in […]
The British pound survived another shock and almost fell below yesterday’s lows after news broke that a process was launched today leading to a vote of no confidence in British Prime Minister Theresa May. This news received real confirmation. Tonight, members of the Conservative Party of Great Britain are expected to discuss whether Theresa May […]
