The lack of positive on the issue of Brexit, in particular, the Theresa May negotiations with officials in Europe, continues to put pressure on the pair pound / dollar. The risk of its further weakening remains elevated due to the possible presence of mistrust to British Prime Minister Theresa May. This will increase the uncertainty […]
Trading recommendations: According to the H1 time frame, I found that BTC broke out of the downward channel in the background, which is a sign that buyers took control from sellers. I also found the rejection of the support trend line, which is another sign of the strength. My advice is to watch for buying […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2476. Anyway, according to the M15 time frame, I found a fake breakout of yesterday’s low at the price of 1.2480, which is a sign that selling looks risky. I also found that the price is trading above the daily pivot […]
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 a slight bearish bias. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1350. Anyway, according to the M15 time – frame, I found that EUR/USD is trading above the Ichimoku cloud and that price couldn’t sustain below the weekly support 1 (1.1318), which is a sign of the strength. There is also a […]
Dear colleagues. For the Euro / Dollar currency pair, we follow the formation of the downward structure of December 10 and the development of which is expected after the breakdown of 1.1310. For the Pound / Dollar currency pair, we have expanded the potential for the downward cycle from December 4 to the level of […]
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 […]
The EUR / USD traders yesterday could not fix the price in the region of the 14th figure. Brexit and Italy put pressure on the pair, therefore, despite the relatively weak position of the US currency, the pair is not able to demonstrate even a minimal correction. Moreover, a set of fundamental factors reduced the […]
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 […]
The last meeting of the European Central Bank (ECB) this year promises to be fun. Tomorrow, the regulator will open the curtain of his plans for the future. The signals that the financial institution will send to the markets can determine the further dynamics of the single European currency. “If the Central Bank signals that […]
Since April of this year, the main trend of the British pound is directed to the “south” of the price chart. The last TF waveform H4 has formed a flat correction (B) in the structure. Medium scale graphics: The decline that began on November 7 has a high potential and will eventually move to a […]
Breaking forecast 12.12.2018 EURUSD: There is a signal downwards. On Tuesday, the euro pierced down the daily level of about 1.1309, but so far the low is shown only at 1.1305 – there is no real breakdown The market is waiting for the EU summit, an extraordinary meeting in agreement with Britain on Thursday – […]
Trading plan 12.12.2018 Overall picture: The dollar is trying to start increasing The dollar rose against the euro and the pound on the political crisis in Britain around an agreement with the EU. On Thursday, the EU summit is scheduled – on relations with Britain in case of failure in the British Parliament agreement with […]
The previous day’s growth led to a breakdown and consolidation above the NKZ 1/2 113.23-113.14. This indicates an upward priority and the need to search for favorable prices for the purchase of the instrument. The growth of the last two days is impulsive. The upward model has a weekly target KZ 114.25-114.07. Work in the […]
To open long positions on EURUSD you need: Euro buyers are in a very difficult situation. To maintain any hope for an upward movement, it is necessary to stay above the support level of 1.1320-1.1310 and form a false breakout there, which will lead to an increase in the area of intermediate resistance of 1.1341, […]
To open long positions on GBP/USD is required: So far, British Prime Minister Theresa May can’t reach an agreement on Brexit, and it is possible only if the issue is resolved with the Irish border. For buyers, hope remains at the support level of 1.2482, the formation of a false breakdown on which, with confirmation […]
GBP/USD In the British Parliament, the confusion only intensifies. Theresa May’s plan for Brexit now does not suit even conservatives. The attempt to revise the agreement with the EU, as expected, met with strong resistance from the EU, where Angela Merkel is most indignant The pound lost 72 points at the additional pressure of the […]
On Wednesday, it is possible to continue the downward movement with the first target 1.1301 – the historical level of support (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – top; – candlestick analysis is neutral; – trend analysis – down; – […]
AUD/USD The Australian dollar decided to rise against the market in connection with the comments of US President Donald Trump about his desire to intervene in the situation of the arrest of Huawei’s Manager Meng Wanzhou because of hidden operations with Iran. But, as is usually the case with the “Aussie”, its growth against the […]
Trend analysis (Fig. 1). On Wednesday, it is possible to beat off from 1.2481 – support lines (red bold line) and a rolling upward movement. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis – up; – trend analysis – up; […]
When the European market opens, some economic data will be released such as Industrial Production m/m, and Italian Quarterly Unemployment Rate. The US will also publish the economic data such as Federal Budget Balance, 10-y Bond Auction, Crude Oil Inventories, Core CPI m/m, and CPI m/m, so amid the reports, the EUR/USD pair will move […]
In Asia, Japan will release the Tertiary Industry Activity m/m, PPI y/y, and Core Machinery Orders m/m. The US will also publish some economic data such as Federal Budget Balance, 10-y Bond Auction, Crude Oil Inventories, Core CPI m/m, and CPI m/m. So there is a probability that the USD/JPY pair will move with a […]
4-hour timeframe The amplitude of the last 5 days (high-low): 101p – 50p – 91p – 63p – 92p. Average amplitude for the last 5 days: 79p (73p). The EUR/USD currency pair resumed its downward movement on Tuesday, December 11. The previous day, we believed that a slight upward trend may well resume, however, as […]
The British pound regained some positions after a major drop yesterday in the news about the postponement of the Brexit vote in the British Parliament. Meanwhile today, British Prime Minister Theresa May went to negotiate with European leaders, on which she will try to convince them to make concessions under the terms of Brexit. European […]
Analysts at investment bank, Goldman Sachs, still predict a decline in the dollar but it may begin earlier than expected. According to experts, the probability of interest rate hike by the US Federal Reserve System (FRS) in March 2019 is less than 50%. “The growth of expectations that the regulator in the foreseeable future will […]
To open long positions on the GBP / USD pair, you need: Buyers tried to gain a foothold above the resistance in the area of 1.2614 but failed to do so in the morning. Good data on wage growth in the UK supported the pound. However, only a real breakthrough of the area of 1.2614 […]
To open long positions on EUR / USD pair, you need: Euro buyers coped with the task of returning and fixing above the resistance level of 1.1384. This happened due to good fundamental statistics, which indicated an increase in activity in the business sphere of Germany and the eurozone. While trading is above the support […]
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 maintain bullish closure above […]
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 […]
