Bitcoin market has taken another strong downturn recently, leading the price to reside below $3,500 area quite impulsively. Bitcoin pushed downwards around 11% on the daily chart which was expected to push towards $4,000 and above recently as per recent fluctuations at the $3,500 support area. The market sentiment is currently quite bearish with Bitcoin. […]
The two largest US regulators, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), are concerned about the possible negative consequences of the exit of Britain from the European Union, which may affect the global financial market. The SEC and CFTC called for the United Kingdom and the EU to ensure […]
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 […]
NZD/USD has been quite bearish recently after opening the market with a gap this week. The pair is trading lower below 0.69 with a daily close. Ahead of NFP reports, USD is currently quite indecisive whereas NZD is struggling for gains amid the recent economic reports. This may lead to downward momentum. Recently New Zealand […]
On October 30, the GBP/USD pair looked oversold around the lower limit of the H4 channel around 1.2700 where profitable BUY entries were suggested. A quick bullish movement was demonstrated towards the price level of 1.3170-1.3200 where another descending high around the depicted downtrend was established. This initiated the current bearish pullback towards the depicted […]
Such a feeling that market participants looked only at ADP data on employment yesterday, which actually turned out to be worse than forecast and made far-reaching conclusions regarding the content of the report of the Ministry of Labor published today. The fact is that employment increased by 179 thousand while the forecast was 195 thousand, […]
The Australian dollar is actively cheaper for the fourth day in a row, having lost more than 150 points. Optimism about a possible truce between China and the United States has been replaced by pessimism about the growth of the Australian economy. The latest data on the growth of the country’s GDP disappointed traders , […]
According to the US Department of Energy, for the first time in 75 years, the country has acquired the status of net exporter of oil and oil products. Recall that a net exporter is called a state where more products, goods and services are exported abroad than it enters the country. In the United States, […]
Wave counting analysis: During the bidding on December 6, the GBP / USD pair added 50 bp, but remains within the framework of the construction of the proposed wave a of the new corrective set of waves. Wave and can complete its construction at any time. On December 11, a vote will be held in […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD pair gained several dozen points and thus remained within the framework of the construction of the proposed wave from the corrective trend section. The wave takes a very complex and unusual look. This is due to the expectation of a market […]
Gold price has made a new higher high yesterday but price is still stuck around the 38% Fibonacci retracement level. Price is challenging the short-term bullish channel. Trend remains bullish but a break below $1,220 would bring bears back in the game. Purple lines – bullish channel Green line – major trend line support Blue […]
EUR/USD continues to trade near the upper triangle boundary resistance at 1.1380-1.14. Short-term trend remains neutral as long as price remains inside the triangle pattern. Red lines – triangle pattern EUR/USD has resistance at 1.1380-1.14 and support at 1.12 on a daily chart. Shorter-term support is found at 1.1310. If this level is broken, we […]
Trading Plan 12/07/2018. The big picture: There is no clarity with the direction yet. Important news about the USA has been released – Fed Report “Beige Book” and ADP Employment Report for November. But so far the market has not received directions. Ahead, of course,- the vote of the EU-Britain agreement in the British Parliament […]
Large scale graphics: This year, the main vector of the price movement of gold sets the downward trend. The wave is not complete. In the recent months, the oncoming wave of correction has been developing in its framework. The estimated completion area is in the potential large-scale reversal zone. Forecast and recommendations: In the coming […]
Burning forecast 07.12.2018 EURUSD: Looking forward to breaking the range. Important news on the US — the Beige Book Fed Report and ADP Employment Report failed to give the market a momentum of sufficient strength to get out of range. Today, December 7, the Nonfarm payrolls report. We are waiting for the breakthrough of the […]
To open long positions on GBP/USD, it is required: The formation of a false breakout in the area of 1.2752, subject to the correction of the pair in the first half of the day, will be a signal to buy the pound, but the main task is to break through and consolidate above the resistance […]
To open long positions on EURUSD you need: All the attention of traders today will be focused on data on the GDP of the eurozone and the US labor market. The direction of the market will depend on them. For purchases, it is required to form a false breakout in the area of 1.1360, with […]
EUR/USD Thursday, technically and ideologically, became a tipping point in market sentiment regarding Brexit. Pending the adoption by the British Parliament of the “May Project”, the dollar weakened visibly relative to major world currencies. Since Brexit is also important for Europe, the euro added 31 points. The growth is small, but it occurred at high […]
USD/JPY Yesterday, the Japanese yen lost 51 points amid the mixed closing of US stock indices (S&P 500 -0.15%, Nasdaq +0.42%). But today there is growth in all Asian markets; Nikkei 225 0.59%, China A50 0.15%, ID Composite 0.33%. Technically, the price is currently slightly higher than the opening level of the environment, which can […]
4-hour timeframe The amplitude of the last 5 days (high-low): 53p – 94p – 61p – 101p – 50p. Average amplitude for the last 5 days: 72p (86p). The EUR/USD currency pair on Thursday, December 6, in the first half of the day again showed a corrective upward movement, again weak and again within a […]
4-hour timeframe The amplitude of the last 5 days (high-low): 94p – 75p – 126p – 182p – 126p. Average amplitude for the last 5 days: 121p (118p). In the coming days, the British pound sterling may strongly “fever”. The fact is that the passions around Brexit continue to heat up. Theresa May’s rhetoric has […]
Next year, the Australian dollar will rise in price in relation to the namesake from the United States by 12%, predict Bank of America. Investment bank analysts recommend that traders consider buying an “Aussie”, which can bring good profits. The growth of the Australian dollar in a large American bank is associated with the establishment […]
Today, Brent crude quotes crashed to $ 58.40 a barrel, losing more than 5% of the cost. Futures for WTI crude oil also fell by about 5%, falling to around $ 50.23 a barrel. This dynamic was the result of the reaction of the markets to the meeting of OPEC representatives in Vienna. Saudi Arabian […]
On December 11, the British parliamentarians will have to make a decision that can determine the scenario of the country’s withdrawal from the European Union. The question of whether the Brexit process will be controlled or not is still open. There may be several options for the development of events. 1. If the House of […]
The first news appeared on the OPEC meeting. The Minister of Energy of Saudi Arabia said that while an agreement has not been reached, since not all countries are ready to cut production. All possible solutions are being considered since it is important to agree on participation in a transaction with non-OPEC oil producers. The […]
World food prices in November fell to their lowest level in more than two years, helped by lower prices for vegetable oils, dairy products, and cereals, the UN said. The price index for food and agricultural products (FAO), which measures monthly changes in a basket of cereals, oilseeds, dairy products, meat, and sugar, averaged 160.8 […]
To open long positions on the GBP / USD pair, you need: The situation on the pound has not changed much. On the way, buyers formed a resistance level at 1.2752. Only a breakdown of which will signal a continuation of growth in the area of 1.2798, where I recommend taking profits. In the case […]
To open long positions on EUR / USD, you need: New serious data is not available, and traders took a pause before important reports from ADP, as well as on the number of people employed outside the agricultural sector. The situation compared with the morning forecast has not changed. Buyers of the European currency can […]
Trading recommendations: According to the 30M time – frame, I found a shakeout in the background. I also found that sellers got trapped amid the breakout of the trading range, which is a sign that buyers are in control. I also found overbought conditions on the stochastic oscillator, which is another sign of the strength. […]
+ On October 30, the GBP/USD pair looked oversold around the lower limit of the H4 channel around 1.2700 where profitable BUY entries were suggested. A quick bullish movement was demonstrated towards the price level of 1.3170-1.3200 where another descending high around the depicted downtrend was established. This initiated the current bearish pullback towards the […]
