Trend analysis (Fig. 1). On Friday, it is possible to continue the upward movement, if only the price overcomes the 1.1393 recoil level of 61.8% (yellow dotted line). Otherwise, there will be a downward recoil. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; […]
To open long positions on EUR / USD pair, you need: The demand for the euro may continue at the end of the month, but one can hardly expect a strong strengthening of the pair. Everything will depend on the data on inflation in the euro area, which is expected in the morning. The breakthrough […]
To open long positions on the GBP / USD pair, you need: A lot was said yesterday that the Bank of England was in favor of the Brexit agreement, but this did not help the British pound to strengthen its position against the US dollar. At the moment, buyers need a breakthrough and consolidation above […]
Wave pattern on the H4 chart: The rising wave construction of May 29th has completed the daily scale downward trend. A preliminary calculation allows us to expect a growth rate of at least 8 price figures. Wave pattern on the H1 chart: The descending wave of September 21 in the structure of the larger wave […]
EUR / USD pair On Thursday the euro closed the day with an increase of 26 points. Trading volumes were high and there was a struggle between sellers and buyers. The buyers were exhausted. Now there may be a struggle to work out the nearest target of 1.4444, the MACD line on the daily chart […]
AUD / USD pair The Australian dollar took advantage of the favorable situation, finding that the bear investors were busy fighting the energetic buyers of the euro and the pound and overcame the resistance of the upper boundary of the price channel. Over the past two days, there was an increase of 94 points. The […]
Overnight the markets went into a flat drift in anticipation of the outcome of the Trump / Xi meeting at the G20 summit. The currency market the USD stays close to the minima achieved after dovish comments by the Fed’s chief on Wednesday. The stock market makes modest profits. EUR / USD spent the night […]
During the Thursday session, the global investors got to know minutes from the Federal Open Market Committee meeting (FOMC) after their meeting on November 8, during which no decision was made to raise interest rates. Representatives of the Committee are convinced that this will take place “relatively quickly”, so for the market, it means December […]
The Amazon technological giant launches the Blockchain service, which is to help clients develop Blockchain networks without incurring the costs of creating their own platform. Announced at the Amazon Re: Invent, Amazon Managed Blockchain is a fully managed service that facilitates the creation and management of scalable Blockchain networks. Users can build platforms using Hyperledger […]
Although longer-term trend remains bearish, short-term strength in EUR/USD will challenge the medium and long-term trend. Price is challenging important resistance at 1.14-1.1470 that if broken would push prices above 1.1530-1.1550. Red line -trend line resistance Green line- trend line support Black dots – resistance Red dots – major resistance level EUR/USD is challenging the […]
Gold price reached the recent highs around $1,230 again yesterday but was unable to break above resistance yet. Price is now pulling back once again confirming the importance of the short-term resistance area at $1,230. Blue rectangle- major resistance area Red rectangle – important short-term resistance Green line – major trend line support Gold price […]
We continue to look for a final dip closer to 1.6478 to complete wave v/ and iii. This final dip should set the stage for a corrective rally in wave iv towards 1.6706 before the final decline in wave v towards 1.6235. This should complete the first impulsive decline from 1.7929 and set the stage […]
Under our new preferred count we should now be in wave c of D higher towards resistance in the 130.89 – 130.99 area. Ideally the final decline in wave E will start from here, but it’s possible that wave c of D extends higher to 131.89 before tuning lower in wave E. We now see […]
When the European market opens, some economic data will be released such as Unemployment Rate, Core CPI Flash Estimate y/y, Italian Prelim CPI m/m, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, French Prelim CPI m/m, German Retail Sales m/m, and German Import Prices m/m. The US will also publish the economic data such as […]
In Asia, Japan will release the Housing Starts y/y, Consumer Confidence, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPI y/y. The US will also publish some economic data such as Chicago PMI. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. […]
On Thursday, November 29, the US stock markets came under strong pressure before the start of the G-20 summit and the publication of the minutes of the Fed meeting. As of 17:48 London time, the Dow Industrial Index fell by 145.37 points or 0.57%, the index of the largest US companies S & P 500 […]
A barrel of Brent crude oil overcame a psychologically important mark, dropping below $ 60. WTI crude oil also could not resist above $ 50. Today, the price has decreased to $ 49.8 per barrel. The last time the oil market was at these levels over a year ago, in October 2017. True, then the […]
Today, the price of oil has updated at least October 25, 2017, falling to a level of $ 57.78 per barrel. The price of WTI oil dropped to $ 49.75 a barrel for the first time since October 10, 2017. The driver of such a strong fall was the data on the growth of stocks […]
On September 21, the GBP/USD 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 the […]
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 movement is maintained within the depicted daily movement channel. On November 13, the EUR/USD demonstrated […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3216. Yesterday, the pair rose from the level of 1.3216 (the level of 1.3216 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3358 but it rebounbed towards the price of 1.3292. Today, the first resistance level is seen at […]
Overview: The USD/CHF pair keeps 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. Furthermore, the price has been set above the strong support at the level of 0.9951, which coincides with the […]
Recently, Gold has been trading upwards. The price tested the level of $1,226.00. According to the M15 time – frame, I have fond that price got trouble to trade above yesterday’s high at the price of $1,226.00, which is a sign that demand is weak. My advice is to watch for a potential breakout of […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1397. Anyway, according to the M30 time – frame, I have found a fake breakout of yesterday’s high at the price of 1.1387, which is a sign that buying looks risky. I have also found LCD (low close doji) pattern, which […]
Trading recommendations: According to the H1 time – frame, I found that BTC has been trading upwards. The price tested the level of $4.296. I also found that strong resistance at the price of $4.070 now became the support, which is sign that selling looks risky and that buyers are in control. My advice is […]
As long as trading continues above intermediate support 1.2829, demand for the pound will continue, and the formation of a false breakout at this level will be an additional signal to open long positions in order to break through and consolidate above the 1.2878 maximum. The main goal of the bulls will be the level […]
Wave counting analysis: During the November 28 trading session, the GBP / USD pair rose by 80 bp, and the unsuccessful attempt to break through the minimum of the alleged wave b of the corrective set of waves leaves all the same hope for the tool to build an upward wave C with targets located […]
Fed Chairman dropped the dollar. On late Wednesday evening, Fed Chairman Jerome Powell said that the current dollar rate is only “slightly below” the equilibrium level. This means that the Fed is very close to the goal of raising rates – and may stop with increases for a long period – and it is possible […]
Wave counting analysis: During the Wednesday trading, the EUR / USD pair gained about 75 bp. Thus, the pair still remains within the framework of building a new upward trend section. The expected wave 2 is considered complete despite its fairly long appearance and its minimum will be an important point to support the uptrend […]
On Thursday, the upward movement will continue with the goal of 1.2897 – a rolling back level of 38.2% (yellow dotted line). The first intermediate upper target is 1.2873 – 21 medium EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – top; – volumes – […]
