Breaking forecast 17.12.2018 EURUSD: there is a signal to move down. Despite the rebound upwards, the downward movement is not canceled. The downside breakout level of 1.1300 while valid. We keep selling from 1.1300, stop 1.1345, target 1.100. In case of a reversal upwards the point of purchase is 1.1400. The material has been provided […]
Trend analysis (Fig. 1). On Monday, the technique may move up with the first goal 1.1353 – 21 average EMA (black thin line). When breaking through – the continuation of the upper work. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – top; – candlestick […]
Gold price pulled back towards our short-term target area and the 38% Fibonacci retracement. Price bounced but as long as price is below $1,244 we expect more downside to follow towards $1,230. Green rectangles – support levels Blue line – short-term important trend line support Green line- major trend line support Red rectangle – short-term […]
EUR/USD broke out and below the triangle pattern last week. This was a bearish sign. Price is bouncing and could make a back test of the lower triangle boundary early this week. A rejection at the lower triangle boundary would be another bearish sign that would make me expect price to move towards 1.12 and […]
USD/JPY On Friday, moderately optimistic quarterly indicators of Japan’s business activity (Tankan) was released, but the fall of stock indices in the US did not allow the yen to develop growth. The Tankan Manufacturing Index for the 4th quarter remained unchanged at 19 points, against the forecast of a decline to 18 points. The Tankan […]
GBP/USD On Friday, British Prime Minister Theresa may received a final response from European partners in the EU regarding the impossibility of revising the Brexit Treaty. Now she has to look for internal partners to put pressure on Parliament. The dollar index on Friday rose by 0.36%, the pound fell by 46 points. The price […]
Important resistance at 129.29 held firm and rejected the rally in the EUR/JPY pair for a strong decline. In the short-term, we see resistance at 128.70, which was expected to cap the upside for the next decline in order to test strong support at 127.70. A break below this support will complete the B-wave triangle […]
On Friday, December 14, it became known that in the near future, the Saudi authorities will sharply reduce oil supplies to the United States. The reason for this is the surplus reserves of black gold, which rose by 50 million barrels since September of this year. Oil prices showed strong growth on Thursday. Experts find […]
Trading recommendations: According to the H1 time – frame, I found that BTC breached the support trendline in the backgorund and that upward correction has finished. My advice is to watch for selling opportunities. The downward targets are set at the price of $3.112 and at the price of $2.894. Support/Resistance $3.262 – Intraday resistance […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2529. According to the H1 time – frame, I have found that the momentum is on the downside, but in my opinion the sellers may got exhausted. Due to potential oversold conditions, my advice is to watch for buying opportunities if […]
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 […]
