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 […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1337. According to the M30 time – frame, I found out that price is trapped in the trading range, whic is a sign of indecision. Anyway, on the point and figure chart I found a triangle pattern in progress. Watch for a breakout […]
The dollar and the yen found a reason for growth, it turned out to be the arrest of top managers of the Chinese technology giant Huawei in Canada. This caused new concerns about the trade war between the United States and China. Just a day ago, the dollar was under pressure because of concerns about […]
The Canadian dollar has lost its foothold and weakens throughout the market. Paired with the American currency, the Canadian fell to a one-and-a-half year high, testing at the moment which is already at the 34th figure. Moreover, considering the fundamental and technical picture of the USD/CAD pair, it can be assumed that the potential of […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2741. According to the M15 time – frame, I found out that price is trading above the Ichimoku cloud and above Kijun- sen, Tenkan-sen and pivot (1.2733), which is a sign that buyers are in control. I also found on the point and […]
AUD/JPY is currently residing below 82.00 area amid the impulsive bearish pressure which pushed the price lower after a bounce off the 84.00 area with a daily close. AUD has been hurt by some sour data. Thus, AUD has lost in value a lot. Japan is trying to bring back stability to its financial sector […]
Bitcoin is still quite volatile while pushing lower with certain pullbacks in the process. The price has recently formed a Bullish Divergence which might lead to certain bullish pressure. However, the probability will only increase as the price trades firmly above $4,000 and the dynamic level of 200 EMA resistance along with Kumo Cloud resistance […]
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 […]
According to the report of the Federal Reserve System (FRS) of the USA, presented in the Beige Book, the state of the American economy is not critical, but shows clear signs of a slowdown. This is another negative signal for the markets, experts emphasize. According to the Fed, the growth of the US economy remains, […]
USD/CAD has been non-volatile and impulsive amid the bullish pressure, leading the price above 1.3350 with a daily close. Ahead of a widely expected rate hike by the Federal Reserve, Powell’s speech, and NFP this week, USD has been dominating CAD consistently which may lead to certain bearish intervention in the coming days. Despite some […]
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 […]
AUD/USD has been impulsive amid the bearish pressure which is leading the price towards 0.7150 support area. AUD has been hurt by recent economic reports. On the other hand, USD finds suport from the strong likelihood of a rate hike by the Federal Reserve. As a result, the pair has gain impulsive bearish momentum. Yesterday […]
Large scale graphics: Since February of this year, the wave of the main trend is moving down. However, the recoil less potential of the movement has been exhausted. From powerful support towards the opposite structure is formed, there’s at least a correction. Medium scale graphics: A month ago, the bear wave started actively. The high […]
Experts of Bank of America (BofA) believe that next year the dollar may become noticeably cheaper against the euro and the yen. “After the interest rate of the Fed reaches 3.5%, cash will become a more profitable asset than securities,” representatives of the financial institute said. “It is expected that by the end of 2019, […]
Yesterday can be described as a meaningless fuss, because against the background of throwing the pound and the euro from side to side, in the end, all remained with their own. In part, this result is caused by the mourning day in the United States on the occasion of the funeral of George Bush Sr., […]
On Wednesday, panic sales in global stock markets continued. Despite the fact that in the US markets were closed due to mourning, S & P500 futures fell by more than 2%, while the European stock indices lost an average of 1 to 2%. Therefore, the decline in government bond yields intensified. The negative was reinforced […]
Trend analysis (Fig. 1). On Thursday, the downward movement with the first goal of 1.2658 is the lower fractal. However, much will depend on the news. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – up; – trend analysis – […]
On Thursday, the 6th of December, the macro calendar is rich in important data releases, so the global investors should keep an eye on German Factory Orders data, ADP Non-Farm Employment Change data form the US, Housing Starts and Trade Balance data from Canada and ISM Non-Manufacturing data form the US. There are speeches scheduled […]
Trend analysis (Fig. 1). On Thursday, a downward movement is possible with the first goal which is channel 1.1301 (lower fractal) – 1.1301 historical support level (blue dashed line). Moreover, breaking this channel down is unlikely. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – […]
To open long positions on GBP/USD you need: The sharp rise in the pound is replaced by a fall. It has long been a familiar scenario for us. At present, a breakthrough of resistance at 1.2732 will be a signal to buy the pound with a close to yesterday’s high of 1.2795, where I recommend […]
To open long positions on EURUSD you need: Volatility is gradually decreasing, and investor uncertainty is growing due to concerns about trade policy, budget deficits, and rising US interest rates. The eurozone economy also does not show decent results, which pushes investors away from euro purchases. Buyers of the European currency today can only rely […]
The Bank of Canada (Bank of Canada, BoC) decided on Tuesday, December 5, to keep the target overnight interest rate unchanged at 1.75%, in line with expectations of financial markets and investors. The comments included in the monetary policy statement, however, caused the Canadian dollar rate to weaken significantly, testing the lowest levels against the […]
Gold price is at the important resistance area of $1,239-43.50. Trend remains bullish in the short-term as price remains inside the bullish channel. Blue area -major resistance Purple lines – bullish channel Green line -major trend line support Blue line – important short-term trend line support Gold price has not made any progress yesterday as […]
EUR/USD remains trapped inside the triangle pattern but it is running out of space. Although the most probable outcome would be to break to the downside towards 1.12-1.11, we should not ignore the upside potential towards 1.15-1.1560. Red line- resistance Green line -support EUR/USD is trading below the Ichimoku cloud and inside a triangle pattern. […]
According to reports the British newspapers, the second largest stock exchange in the world, the Nasdaq confirmed plans to launch Bitcoin futures – this will be done in the first half of 2019. Yesterday’s confirmation of Joseph Christinat, vice president of the Nasdaq media team, explained that the launch of this requires the approval of […]
NZD/USD The growth of the New Zealand dollar ended this week’s testing areas of convergence of the Krusenstern line with a Fibonacci level of 76.4% on the weekly scale chart. Currently, the price is already below the indicator line of balance. The objectives of the decline also accept Fibonacci levels: 110.0% – 0.6702, 123.6% – […]
EUR/USD On Wednesday, the markets continued to storm, but this storm has definitely subsided. The dollar index at the end of the day has not changed in price, as well as the euro. A number of other currencies, in particular the Canadian and Australian dollars, declined smoothly and predictably. Perhaps now, peace will come to […]
The euro-dollar pair shows a weak correction growth, primarily due to a small strengthening of the single currency. Renewed optimism about the prospects for Brexit, as well as negotiations between Rome and Brussels on the resolution of the Italian budget problem provide temporary support for the euro, while the dollar index could not gain a […]
The European Commission (EC) on Wednesday, December 5, published a plan to strengthen the global role of the euro in world markets. EC Vice President for the Euro and Social Dialogue Valdis Dombrovskis said that Brussels intends to make the euro a more attractive currency for international payments than the US dollar. In addition, it […]
The British currency was under strong pressure yesterday, following the controversial fundamental background. The unexpected cohesion of the British deputies against Theresa May has caused alarm to traders, after all, after only 6 days, parliamentarians must decide the fate of the Brexit deal. On the horizon, the prospects for Britain’s chaotic exit from the EU […]
