Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2839. According to the M30 time – frame, I found that GBP/USD is trading above the pivot resistance 1, which is a sign that the pair is gaining momentum. My advice is to watch for buying opportunities. The upward target is […]
EUR/USD has been quite volatile and corrective while residing inside the corrective range of 1.1200 to 1.1500 area for a few days in a row. Despite the strong likelihood of a rate hike by the Federal Reserve and persistent standoff between Italy and the EU, EUR managed to gain and sustain certain momentum, leading to […]
Italian Prime Minister Giuseppe Conte said that the authorities will submit to the European Union a new draft state budget for 2019 to replace the draft previously rejected twice by the European Commission. The main goal of the Italian government J. Conte called the prevention of sanctions against Italy, which will inevitably harm not only […]
Trading recommendations: According to the H1 time – frame, BTC has been trading sideways at the price of $3.900. Anyway, I found that BTC is still in the short – term downward trend. The price is trading below the Ichimoku and below the supply trendline in the background, which is another sign of the short-term […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1418. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and that price did breakout of the resistance cluster in the background, which is a sign that buyers are in control. I also […]
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 USD/CAD pair is still above the level of 1.3154 since last week. Now, the current price is set at 1.3160. On the H4 chart, the resistance is seen at the levels of 1.3360 and 1.3531. Besides, the weekly support 1 is seen at the level of 1.3360. Today, the USD/CAD pair is continuing […]
China and the United States continue to move around the market. Yesterday, the Treasury Secretary said that it would be a real agreement. First of all, the trade agreement will cover intellectual property, technology and currency issues, which in the future will support the growth of employment in the United States. The US Treasury Secretary […]
Jerome Powell did not comment on monetary policy, but he mentioned a strong economy. He assured us that the Federal Reserve mission is to support economics and strengthen the financial system. According to him, the Fed managed to achieve this goal. The unemployment rate is the lowest in almost half a century. Apart from the […]
EUR/USD remains inside the triangle pattern formation and below critical trend line resistance. So far any pullback towards 1.13 has been met with buyers and price remains supported. Buyers are still too weak to break the major resistance area of 1.14-1.1420 but if this happens, we will then expect price to move towards 1.15-1.16. Red […]
Overnight, the Reserve Bank of Australia announced its decision regarding the monetary policy of the country. The interest rate remained at 1.5%, as expected. The published statement shows that low rates support the economy. Progress is visible in the falling number of unemployed. The increase in inflation should be gradual. Over the next two years, […]
Gold price has broken through short-term resistance and is now looking for a move higher towards $1,250-60 if the major resistance and October highs are broken. So far price action has respected support levels and bulls remain in control. Blue rectangle -major resistance Green line -trend line support Gold price has held above the critical […]
According to the published documents, the Belarusian High-Technologies Park (HTP), a national special economic zone contributing to the development of the IT industry, developed national rules for the functioning of the cryptocurrency market. Regulatory documents set requirements for different types of enterprises related to cryptocurrencies and preliminary monetary offers (ICO), because the general rules on […]
GBP / USD pair The British pound put a lot of effort on the attack of technical resistance. The nested line of the price channel is found on the daily scale and the MACD line on the four-hour. A good British business activity in the manufacturing sector helped the pound as the index was 53.1 […]
EUR/USD The first day of the week, the euro closed at the opening level, puzzled by the balance of indicators of the European and American PMI. Business activity in the manufacturing sector of the eurozone in November was in the final assessment of 51.8 p. (Forecast 51.5), ISM Manufacturing PMI in the US showed a […]
AUD/USD The Australian dollar, like some other currencies (Canadian and New Zealand dollars), still remains with the window open on Monday. The price has once again violated the resistance of the upper limit of the price channel, the updated channel has become even wider. We would like to expect a downward reversal of the price, […]
Financial analysts at Goldman Sachs believe that the price of Brent crude oil may exceed $ 65 per barrel if the OPEC member countries agree to reduce production this week. Experts agree that the wording of the new OPEC agreement will be restrained, for example, the goal could be to stabilize the volume of commercial […]
Burning forecast 03.12.2018 EURUSD: We are waiting for a breakout range. At the weekend, the Big 20 Summit was held. It was successful for the markets: the US and China agreed to postpone trade disputes for 90 days and hold new negotiations during this period. The euro rose slightly in the morning. There is a […]
Minuette (h1) Euro vs US Dollar Previous overview from 11/27/2018 21:32 UTC + 3. ____________________ The development trend of the single European currency pair movement between December 3 to 10will be determined by the direction of the breakdown of the 1/2 Median Line channel borders ( 1.1305 <-> 1.1323 <-> 1.1340 ) of the Micro […]
Today, oil quotes have sharply rushed upward and played back, including the positive results of the G20 summit. Black gold rises in price primarily due to the return of risk appetite considering the fact that last Saturday. The United States and China agreed to suspend the mutual increase in trade duties until at least the […]
Markets hate uncertainty, and Brexit has it in abundance. That is why, despite the improvement of the political landscape, the British pound closes in the red zone for the third week in a row and lost about 3% against the US dollar. This is in terms of the pigeon rhetoric of Jerome Powell and the […]
To open long positions on EUR / USD pair, you need: Over the weekend, the United States and China made progress in trade negotiations, which led to the strengthening of the euro today in the Asian session. While trading is above support at 1.1346, the demand for EUR/USD pair will continue. Formation of a false […]
The big picture: The market is preparing a move. The Big 20 Summit was held and the United States and China agreed to stop the trade war for 60 days to hold talks,which is positive for the markets. A new week with headlines from the US, highlighting the most Important of ADP Employment Report and […]
Trading recommendations: According to the H1 time – frame, I found the upward breakout of the 6-hour balance, which is sign that buyers are in control today. I also found the rejection from the demand zone (blue shape), which is another sign that selling looks risky. My advice is to watch for buying opportunities. The […]
Recently, Gold has been trading sideways at the price of $1,225.00. According to the H4 time – frame, I have found the breakout of key resistance trendline in the background and potential end of the downward correction (abc flat), which is a sign that selling looks risky. I have also found confirmed inverted head and […]
Recently, the EUR/USD pair has been trading upwards during the Asian session. The price tested the level of 1.1379. Anyway, according to the M30 time – frame, I have found that rejection from the pivot resistance 1 at the price of 1.1375, which is a sign that buying looks risky. I also found the overbought […]
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1349. 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 […]
Overview: Pivot: 1.2829. The GBP/USD pair fell from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2850. On the H1 chart, the resistance is seen at the levels of 1.2890 and 1.3001. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2829 and 1.2725 […]
Forecast for December 3: Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1477, 1.1429, 1.1414, 1.1392, 1.1364, 1.1297, 1.1266, 1.1233 and 1.1206. Here, the price is close to the cancellation of the ascending structure of November 28, for which a breakdown of the […]
The price on Friday once again tested the support line 1.2735 (red bold line), but could not break through this level and went up. Today, the market, has been moving up. It will try to reach 13 average EMA – 1.2819 (yellow thin line). Today, strong calendar news is released at 12.30 and 18.00 Moscow […]
