Large-scale graphics: The ascending wave plane from April 17 is nearing completion. In the movement structure, all 3 parts (A – B – C) are clearly traced. Medium scale graphics: The last wave of the hourly scale of November 13 completes the larger model. The lower limit of the large-scale potential reversal zone has been […]
Trading recommendations: According to the H4 time – frame, I found that BTC is in a consolidation phase (potential bearish flag in creation), which is a sign that buying looks risky. The price is trading near the mid band of the Keltner channel. The short-mid term trend is down. My advice is to watch for […]
GBP/USD has been quite impulsive under the bearish pressure recently which pushed the price below 1.2600 area with a daily close. As the UK is facing headwinds due to the BREXIT deal, GBP has lost momentum, plummeting to a 20-month low against USD. British Prime Minister Theresa May has postponed a parliamentary vote on her […]
Recently, Gold has been trading upwards. The price tested the level of $1,249.00 but it found sellers at that point. According to the M15 time – frame, I have found a broken intraday upward channel in the background, which is a sign that sellers took control from buyers and that buying looks risky. Watch for […]
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 above the daily pivot (1.1382), which is a sign that buyers are today in control. After the yesterday’s sell off, I […]
Overview: The AUD/USD pair continue 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 […]
Overview: The pivot point is seen at the point of 0.6882. 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 […]
The political crisis in Britain due to Brexit On Monday, Theresa May, the Prime Minister of Britain which is the number one person in the state, was forced to withdraw the agreement with the EU that was previously signed by her this Tuesday (December 11). This is a public acknowledgment of the fact that the […]
Burning forecast 11.12.2018 EURUSD: An attempt at growth stopped. We are waiting for a new attempt to break through. On Monday, another attempt by the euro to start moving upwards failed. The reason – the political crisis in England around the agreement with the EU sharply pulled down the pound, and the euro could not […]
The Dollar index has reached a very important Fibonacci resistance. A rejection at this area will increase the chances of the bearish scenario for at least one more strong leg lower and heavy selling for the Dollar. Blue rectangle – resistance area Black lines – expected path The Dollar index has bounced towards the 61.8% […]
Trend analysis (Fig. 1). On Tuesday, the downward movement to 1.2462 is the support line (red bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis is neutral; – trend analysis – down; – Bollinger lines – up; – weekly […]
Today we take a look at the weekly chart of Gold. Gold price made an important low back in August and since then it is rising. There is potential to move towards $1,300 again but losing $1,200, could be disastrous for bulls. Gold has made a double top on a weekly basis around $1,340-50 area. […]
On Monday, the price went down strongly and unexpectedly by 86 points after testing the rollback level of 38.2% – 1.1448 (yellow dotted line). The last role in this was not played by the news, released at 14.00 London time. Today, strong calendar news is released at 9.00, 12.30 and 14.00 London time. Trend analysis […]
To open long positions on EURUSD you need: The euro declined after a failed attempt of growth yesterday in the first half of the day. At the moment, buyers can only rely on the formation of a false breakout in the support area of 1.1355 and on good data from the ZEW Research Institute in […]
To open long positions on GBP/USD is required: The pound collapsed after May announced the postponement of the Brexit vote and did not name the exact date. I don’t recommend rushing with the purchases of GBP/USD. Long positions can be seen after the formation of a false breakout in the area of 1.2537 or a […]
EUR/USD Yesterday, the single European currency lost 24 points (87 from the high of the day) under pressure from the British pound, which fell by 170 points due to Theresa May’s cancellation of the parliamentary vote on the Brexit project. The price managed to test the resistance of the embedded line of the price channel, […]
Yesterday’s growth led to the formation of the absorption pattern on the daily chart and consolidation above the NCH 1/2 1.3365-1.3354. This indicates a resumption of upward medium-term growth. Yesterday’s breakout and consolidation above NKZ 1/2 suggests the need to abandon the short position and consider buying today’s volatile trading sessions. The first support act […]
On Monday, the yen was able to show an interest in life, which had been damped since the middle of last month, on the general strengthening of growth. The price managed to go above the indicator lines of the daily chart and the embedded trend line of the price channel. The main sign of investor […]
GBP / USD On Monday, British Prime Minister Theresa May canceled the parliamentary vote on the draft with the EU to withdraw the country from the bloc. She also promised to revise some of the provisions of the agreement that were most dissatisfied with parliamentarians. Formally, the news is positive, as it provides an opportunity […]
When the European market opens, some economic data will be released such as ZEW Economic Sentiment, German ZEW Economic Sentiment, and French Final Private Payrolls q/q. The US will also publish the economic data such as Core PPI m/m, PPI m/m, and NFIB Small Business Index, so amid the reports, the EUR/USD pair will move […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y, 30-y Bond Auction, M2 Money Stock y/y, and BSI Manufacturing Index. The US will also publish some economic data such as Core PPI m/m, PPI m/m, and NFIB Small Business Index. So there is a probability that the USD/JPY pair will move with a […]
The pair continues to form a downward medium-term model. The goal of the fall is the weekly short-circuit, formed from the extremum on November 22. The most favorable prices were not received, however, a correctional growth occurred. Today’s decline continued the downward medium-term momentum. The main goal of the fall is the weekly short-term 1.2543-1.2505, […]
On Monday, the oil quotes were falling, while the maximum for Brent was previously formed with February delivery at $ 63.69 a barrel. The positive reaction of the market to the decision of OPEC + to reduce production by 1.2 million barrels per day starting next year contributed to a jump up. Meanwhile, in December, […]
At the beginning of the week, the pound sterling was under pressure due to reports that British Prime Minister Theresa May could cancel the vote on the Brexit terms agreement to avoid defeat, which is likely to result in her government’s resignation. At 16:00 London time, the GBP / USD currency pair dropped to 1.2633, […]
UN Secretary-General Antonio Guterres said that annually the amount of bribes worldwide is $ 1 trillion, and corruption leads to a loss of almost $ 2.6 trillion. This became known from the message of the Secretary-General on the occasion of the International Day to Combat Corruption. A. Guterres urged to direct all possible forces to […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 102.4024 The tool “gold” on Monday, December 10, began a downward correction, unable to overcome the Murray level of “8/8” – 1250.00. The blue bars of the Heikin […]
A new week for global markets opened lower. Simultaneously with the fall of the dollar, the stock markets rushed down. To the anxiety surrounding trade disputes between Washington and Beijing, traders’ reaction to the weak labor market report added, which heightened concerns about a slowdown in US GDP growth. As a result, Macroeconomic Advisers worsens […]
Traders and investors began to quickly get rid of the British pound, even though the data released on the UK economy did not differ much from the expectations of economists. It is all due to the fact that the British Prime Minister Theresa May convened an emergency meeting of the government. Immediately rumors spread that […]
To open long positions on EUR / USD pair, you need: Demand for the euro remains, however, it is necessary to get back to the resistance level of 1.1434 to continue the upward trend, which will lead to a further wave of growth with a test of highs around 1.1471 and 1.1498, where I recommend […]
To open long positions on the GBP / USD pair, you need: The pound fell and failed to get out above the resistance of 1.2751. News that British Prime Minister Theresa May may withdraw a vote on the Brexit agreement, scheduled for Tuesday, has led to a quick sale. At the moment, it is best […]
