GBP / USD On Tuesday, the British pound fell by 71 points under pressure from the dollar (USDX 0.32%) and previous concerns about the ratification of the UK exit from the EU. Looking at the daily chart, the price went under the signal level of the embedded trend line of the price channel in which […]
When the European market opens, some economic data will be released such as German GfK Consumer Climate, German 10-y Bond Auction, Private Loans y/y, and M3 Money Supply y/y, and the US will also publish the economic data such as Crude Oil Inventories, Richmond Manufacturing Index, New Home Sales, Prelim Wholesale Inventories m/m, Prelim GDP […]
In Asia, Japan will not release any economic data today, but the US will publish Crude Oil Inventories, Richmond Manufacturing Index, New Home Sales, Prelim Wholesale Inventories m/m, Prelim GDP Price Index q/q, Goods Trade Balance, and Prelim GDP q/q. So there is a probability that the USD/JPY pair will move with a low to […]
According to a study by the London School of Economics and King’s College, UK GDP could be reduced by 5.5% by 2030 compared to what the United Kingdom could be in the European Union. Moreover, in the absence of a transaction, the growth of the British economy can be from 3.5% to 8.7%. By making […]
After the turbulent events of the past week, the financial world froze in anticipation. In early December, it will become clear whether the market will return to a state of relative stability or global uncertainty will continue further, defining the corresponding prospects for 2019. Given such an eventual fork, any prediction of currency strategists somehow […]
US President Donald Trump said that he was ready to continue raising tariffs on part of Chinese imports from the current 10% to 25%, and reiterated his threat to increase tariffs on all remaining imports from China. Four days before meeting with Chinese President Xi Jinping in Argentina, Trump said it’s “unlikely” that he would […]
The Fed is thinking about stopping the rate hike. In the last speeches of the Fed, we have seen changes in tone. The Fed in 2019 will pay more attention to trends in economic data – such as inflation, unemployment, business activity, investment, and output. Such statements tell us about what we already guessed – […]
To open long positions on the GBP / USD pair, you need: Buyers gave up a large support level of 1.2788, which I paid attention to in my morning forecast, but I did not manage to break through below monthly minimums. While trading will be conducted above the support of 1.2727, we can expect a […]
To open long positions on EUR / USD pair, you need: Although the buyers have missed the morning support level, there has not yet been a major drop in the euro. The main task for the second half of the day will be the return and consolidation above the resistance of 1.1340, which will lead […]
The dollar received another boost. The reason for the growth was the statement of US President Donald Trump about the readiness to raise tariffs and further, the war is likely to continue, and hence the demand for the dollar will grow. Trump’s performance also negatively affected the pound. Trump said an agreement allowing the UK […]
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 […]
Overview: Pivot: 1.2890. 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 […]
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1304. According to the H1 time – frame, I have found a broken bearish flag in the background, which is a sign of weakness. Most recently, I found the breakout of the short – term head and shoulders […]
Overview: The NZD/USD pair will continue rising from the area of 0.6791 – 0.6744 today. So, the support is found at the level of 0.6791, which represents the 50% Fibonacci retracement level in the H1 time frame. Since the trend is above the 50% Fibonacci level, the market is still in an uptrend. Therefore, the […]
Wave pattern graphics H4: The last wave area of the daily scale from February forms an upward wave zigzag. Wave H4 took the place of correction in it (B). Wave pattern graphics H1: The wave is rising, starting from September 21. It completes the larger wave model. In the last 2 months, a correction of […]
Yesterday’s speech by the ECB President Mario Draghi did not help the euro buyers, but regular statements from the US President to China led to a decline in the pair. At the moment, it is best to count on long positions after the formation of a false breakdown in the support area of 1.1328 or […]
Bitcoin has been quite volatile and corrective recently, drifting lower towards $3,500-50 support area. The price is being held by the dynamic level of Tenkan line as resistance where the Kumo Cloud has been quite impressive keeping the price lower in the process. The price is currently sinking lower amid impulsive pressure which is expected […]
EUR/JPY remains inside a trading range between 127.50 to 129.50. The pair is trading in the indecisive manner, being volatile for a few days in a row. Both currencies in the pair are struggling to gain momentum due to downbeat fundamentals, published recently that confuses the market sentiment. The biggest challenge in front of EUR […]
Trend analysis (Fig. 1). On Tuesday, the price will move down, with the first target 1.2760 – the support line (red bold line). Breaking through is also unlikely. Mostly, from this level there will be a rollback up. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – […]
EUR/USD bounced towards 1.1360-1.1380 and got rejected. Price reversed sharply lower below 1.1330. Trend remains bearish as long as price is below 1.1435. We remain bearish looking for a move towards 1.12-1.11. Yellow rectangle – resistance Red rectangle – short-term resistance Green rectangle – support Blue line – trend line support (broken) With the trend […]
Gold price is slowly and steadily turning lower and away from the resistance area and major trend change level of $1,243.50 after topping around $1,230. Gold price has given some bearish divergence signs and according to our plan and expectations is turning lower. Blue rectnagle -major resistance Red rectangle – short-term resistance Green line – […]
GBP/USD has been quite bearish at the edge of 1.2850 from where it is expected to sink much lower in the coming days. GBP has been weighed down due to recent Brexit developments. On the other hand, despite mixed economic reports from the US USD managed to gain certain momentum. Recently, lack of progress in […]
USD / JPY The Japanese yen met our expectations, and the price began to implement the main scenario. On Monday, the yen entrenched above the Krusenstern trend line on the four-hour chart. As it was fixed above, the path to the linear trend line of the price channel with the target of 115.10 is now […]
Trend analysis (Fig. 1). On Tuesday, it is possible to continue with the downward movement, with the first target of 1.1316, a sliding level of 61.8% (yellow dotted line). From this level, you can try to work up (in rolling mode). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels […]
GBP / USD Investors were once again worried about Brexit tensions in the English parliament. Yesterday, more than 90 deputies from the Conservative Party did speak out against the “May agreement”. Theresa May said that she is currently working in this direction. And even so, she is going to hold talks with Labor leader Jeremy […]
EUR / USD On Monday, the Euro was still able to rise upward on fresh forces, where it was stopped by balance lines on the daily and four-hour scales and shipped slightly below the opening price of the week. Probably, the assessment of the ECB Head Mario Draghi of the European economy as slowing down […]
We are still looking for a firm break above minor resistance at 1.6767 for a continuation higher to at least 1.6915 and likely even closer to resistance near 1.7023, Short-term support is seen 1.6698, which ideally will protect the downside for the expected break above 1.6767, but it will take an unexpected break below support […]
EUR/JPY continues to consolidate within the range from 127.74 to 129.23. We continue to favor a break below support at 127.74 for a continuation lower to 123.66 to complete wave (E) of the huge triangle formation, that has been building since July 2008. Only an unexpected break above resistance at 129.23 will be cause of […]
AUD/CHF is approaching its support at 0.71975 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7221 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur. AUD/CHF is approaching […]
AUD/NZD is approaching its resistance at 1.0703 (100% Fibonacci extension, 61.8%, 23.6% & 32.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.0652 (horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected. AUD/NZD is approaching its […]
