If for most of the year it is neither shaky nor so-so and by the end of it you cannot get out of the red zone, competitors always have a chance to get around you. For the first time since 2002, palladium prices have exceeded the value of gold. In the market they talk about […]
Danish Saxo Bank has published a list of “shocking forecasts”, which are positioned as “unlikely”, but still have a place. Solar flare and damage of two trillion. Considering the cycles of solar activity next year, a giant flash will occur that will cause a powerful magnetic storm. Because of this, most satellites over the western […]
On the eve, the gold rate reached a maximum value for the first time since mid-July. Today, the precious metal is getting cheaper by correction, bargaining around the $ 1240 mark for 1 ounce. According to experts, the dynamics of gold is still highly dependent on the behavior of the dollar. Since the beginning of […]
The debates and discussions that began in the British Parliament today on the Brexit issue, support the British pound, which sharply strengthened its position against the US dollar today in the morning. Weak data on the service sector was ignored by traders, although on a typical day such a sharp drop in the region of […]
To open long positions on GBP / USD, you need: Just terrible data on the services sector in the UK were ignored by traders. This again shows that all attention is focused on Brexit and the decision of the parliament. It is best to consider long positions on the pound after updating the support of […]
To open long positions on EUR / USD, you need: The speech of the President of the ECB led to the strengthening of the euro, and as long as trade is conducted above the level of 1.1336, demand will remain, which will lead to the renewal of a larger area of 1.1374, where I recommend […]
According to experts, the past month in the financial markets was rather boring, except for the continued strong fall in oil prices. However, in recent days, the movement in many instruments has noticeably intensified, as if they have found a second wind. It is assumed that by the end of this year, 3 investment intrigues […]
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 […]
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 […]
Overview: In the long term, the NZD/USD pair broke resistance which turned to 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 considered overbought because it is above […]
Overview: The AUD/USD pair continue to trade upwards from the level of 0.7249. The pair rose from the level of 0.7249 to a top around 0.7299 but it rebounded to set around the spot of 0.7249. Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 is seen at […]
Trading recommendations: According to the H1 time – frame, BTC has been trading downwards. As I expected, the price tested the level of $3.738. Most recently, I have found the rejection from the Ichimoku cloud (resistance), which is a sign that sellers are in control. I also found that BTC is trading below the resistance […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2736. According to the M15 time – frame, I found out that price is trading above the Ichimoku cloud and above Kijun- sen and Tenkan-sen, which is a sign that buyers are in control. I also found on the point and figure chart […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1318. Anyway, according to the H1 time – frame, I found rejection of the yesterday’s low at the price of 1.1318, which is a sign that sellers don’t have power for further downward continuation. I also found a hidden bullish divergence […]
The Chinese oil giant Unipec plans to resume deliveries of American oil to China by March, after the leaders of the two powers, the United States and China, were able to reach preliminary agreements at the G20 summit, according to three sources. Sources said that Unipec – a commercial unit of the state-owned refinery Sinopec […]
GBP/USD has been quite volatile and corrective while pushing lower gradually towards 1.2700 area with a daily close. GBP has been weighed down by the Brexit nerves. Despite upbeat economic reports from the UK, GBP is struggling to gain momentum over USD ahead of NFP and the highly probable rate hike in the coming days. […]
Wave counting analysis: During the trading session on December 4, the GBP / USD pair lost only about 10 bp, but broke through the minima of the two previous downward waves, thereby indicating readiness to continue the decline. Thus, the current wave pattern has undergone certain changes and has acquired a rather complicated look. The […]
Burning forecast 05.12.2018 EURUSD: a turn in the direction of the dollar. On Tuesday, the market made a sharp turn in the direction of the dollar: in the morning, the breakout to the top of the important level of 1.1405 – but then a sharp turn and a strong fall to 1.1320 At the moment, […]
Trading plan 05.12.2018 The overall picture: a Strong drop in the US market puzzled investors. On Tuesday, the US stock indices showed a sharp decline – -3% on the Dow and S&P 500 – this is a lot for a daily fall for the US market. There were no serious reasons for the fall – […]
4-hour timeframe The amplitude of the last 5 days (high-low): 67p – 121p – 53p – 94p – 61p. Average amplitude for the last 5 days: 79p (79p). The EUR/USD currency pair on Tuesday, November 4, shows an upward movement. There is only one reason for this. The representative of the European Court of Justice, […]
Bitcoin has been quite impulsive amid the recent bullish momentum after a decline towards $3,700. The price is currently residing above $4,000 and inside the Kumo Cloud resistance below 200 EMA, whereas the dynamic levels such as 20 EMA, Tenkan, and Kijun line are supporting the price for a further climb. The Chikou Span has […]
USD/JPY has been quite impressive amid the impulsive bearish pressure today which pushed the price below 113.00 area. Despite mixed economic reports from Japan, JPY managed to gain momentum over USD ahead of high impact events like NFP and Rate Hike in the coming days. USD started the week with severe weakness against JPY. Thus, […]
The EUR / USD trend movement Minor (Daily) Euro vs US Dollar Previous review from 11/16/2018 16:18 UTC + 3. ____________________ The trend for the development of the single European currency pair in December 2018 will depend on the direction of the range breakdown : -> resistance level 1.1405 (upper limit of 1/2 Median Line […]
On September 21, the GBP/USD pair failed to demonstrate sufficient bullish momentum above 1.3296. Since then, the short-term outlook turned to become bearish under the depicted daily downtrend. On H4 chart, the GBP/USD pair looked oversold around the price levels of 1.2700 where profitable BUY entries were suggested. A quick bullish movement was demonstrated towards […]
USD/CAD has broken the major trend line support and we look to sell at 1.3246 (break out of ascending trend line support and horizontal overlap support) for a reversal to at least 1.3068 profit target (horizontal swing low support, 50% Fibonacci retracement). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals […]
Last weekend, on the margins of the G-20 summit, the leaders of the United States and Celestial Empire agreed to pause a trade war, at least until the end of the first quarter of next year. It is assumed that the parties use a 90-day truce to form and conclude a trade agreement. According to […]
The British pound today recovered from its monthly lows, where it was due to the risks associated with Brexit. The pound rose after the representative of the European Court stated that the UK could cancel the decision on Brexit without the consent of other EU countries. The conclusion of the European Court will be given […]
To open long positions on GBP / USD pair, you need: News that the UK may cancel the decision on Brexit without the consent of other EU countries, led to an increase in the pound in the morning. However, as we can see on the graph, it is not yet possible to cope with the […]
The worst monthly dynamics over the past decade has changed for oil, the best two-day increase since June, thanks to friendship. Warm meeting of Mohammed bin Salman and Vladimir Putin, as well as a joint dinner of Donald Trump and Xi Jinping at the G20 summit in Buenos Aires, inspire hope for solving several problems […]
On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations are maintained within the depicted daily movement channel. On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the lower limit of the channel as well as the depicted demand zone came to meet the […]
