When the European market opens, no economic data will be released from the eurozone. However, the US will present a series of economic reports such as CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So, amid the reports, EUR/USD is going to trade with low to medium volatility during this day. TODAY’S TECHNICAL […]
In Asia, Japan will release the BOJ Core CPI y/y and SPPI y/y. On the USD front, the US will release a series of economic data such as CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So, there is a probability the USD/JPY pair will move with low to medium volatility during this […]
All sorts of political events continue to have the strongest influence on world markets, especially currency. True, the loudest and burning political news directly affects what will happen to the economy of the whole region. This, of course, about Brexit. In the middle of the week, it became known that the negotiators from the UK […]
According to the Ifo Institute, the mood in German companies continued to decline in November, worsening their business forecasts for the next six months. The business climate index in November, calculated by the institute, fell from the October mark of 102.9 to 102.0. Experts predicted that the figure will be 102.3. Thus, we can conclude […]
According to Bloomberg, oil production in Saudi Arabia increased again, setting a new record. Now, the kingdom produces 11.2 million barrels per day. In October, production amounted to 10.8-10.9 million barrels per day, has increased against the background of higher applications from consumers who intend to cut off hydrocarbon supplies from Iran due to US […]
Currently, a number of experts fix flight from risk in the global market. Many investors are in no hurry to invest their savings due to the unstable geopolitical situation and the recent collapse in the US stock market. The two major powers, China and the United States, cannot agree on trade issues. Italian authorities do […]
The British pound received another good news but not in a hurry to strengthen against the US dollar. Yes, the European Union approved the deal with Foggy Albion and warned British lawmakers that there is no “B” plan. Also, the consequences of indiscriminate Brexit are much worse than an agreed exit from the EU. Nevertheless, […]
The Sunday EU summit presented no surprises. After Spain withdrew its demands for revising the draft agreement on Saturday, the meeting turned into a mere formality. The leaders of the Alliance countries supported the deal and handed over the baton to the British Parliament. Now, it has to approve (or not approve) the agreed agreement. […]
To open long positions on the GBP / USD pair, you need: Follow the morning plan, buyers plan to update the upper limit of the side channel 1.2886 to get beyond this area will not be so easy. A breakthrough of 1.2886 requires a good informational occasion and preferably associated with Brexit, which will open […]
To open long positions on EUR / USD pair, you need: With the task for the first half of the day, buyers of the European currency successfully coped and reached the level of 1.1377, which I paid attention to in my morning forecast. At the moment, the repeated test of 1.1377 after a slight downward […]
Trading recommendations: According to the H1 time – frame, I found a bearish breakout of the bearish flag in the background, which is a sign that sellers are in control. I also found the strong supply zone (a blue rectangle), which is another strong resistance. My advice is to watch for selling opportunities and go […]
Recently, Gold has been trading upwards sideways at the price of $1,225.70. Anyway, according to the H1 time – frame, I have found a rejection from the resistance (resistance trendline and upper Keltner band) at the price of $1,227.00. My advice is to watch for selling opportunities. The downward targets are set at the price […]
Overview: Pivot: 0.9951. The USD/CHF pair continues 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 […]
Recently, the EUR/USD pair has been trading upwards sideways at the price of 1.1367. Anyway, according to the H4 time – frame, I have found that there is a breakout of the bearish flag in the background, which is a sign that sellers are in control. The short – term trend is bearish and my […]
Overview: The AUD/USD pair continue to move upwards from the level of 0.7225. This week, the pair rose from the level of 0.7225 to a top around 0.7299 but it rebounded to set around the spot of 0.7242. Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 is […]
Wave pattern graphics H4: The still-incomplete downward wave of July 19 corrects a portion of the daily scale trend. Wave pattern graphics H1: Beginning on October 3, the descending segment of the chart should complete the correctional wave of the older TF. The wave develops in the lateral plane. In its structure, a clear zigzag […]
Trading Plan 11/26/2018 The big picture: Focus on US news. The market opened with some growth of the euro and the pound after the EU-Britain agreement, signed during the weekend. However, it is difficult to pass this agreement through the British Parliament. The market shifts attention to US news: on Wednesday, November 28, the second […]
EUR/USD has reversed at the end of last week and broke below both the supporting trend line and below the November 20th low. Short-term trend is bearish as long as price is below 1.1435. Medium and long-term trend remain bearish. Yellow rectangle – major resistance Green rectangle- major support Red rectangle -short-term resistance Blue line […]
4h After the end of quotations of the GBP / USD pair from the Fibo level 61.8% – 1.2904, a reveral was made in favor of the American dollar and a fall to the correction level of 76.8% – 1.2812. Rebounding the pair from the Fibo level, 76.4% will work in favor of the British […]
4h The EUR / USD pair completed the second rebound from the correctional level of 76.4% – 1.1423 and a turn in favor of the American currency. As a result, on November 26, the process of falling quotations continues in the direction of the correction level 100.0% – 1.1303. Moreover, rebounding the pair from the […]
Gold price continues to trade around last week’s highs. Gold continues to trade below the major resistance of $1,243.50 and above $1,220-18 short-term support. Gold price could make a higher high but I prefer to be neutral and look for selling opportunities as long as price is below the October highs. Blue rectangle – important […]
On Monday, the 26th of November, the event calendar is light in important data releases. Germany will issue the IFO sentiment indicators early in the morning. However, there are some speeches scheduled from the member of the Executive Board of the ECB Benoit Coeure, ECB President Mario Draghi and BOE Governor Mark Carney. EUR/USD analysis […]
An extraordinary meeting of the leaders of the European Union Member States took place during the weekend. The agreement on the UK leaving EU structures was unanimously approved. However, this does not mean a happy end yet. Now Theresa May needs to get the consent of his compatriots. The agreement in its current form will […]
The movement of last week was of a downward character, which made it possible to implement a bearish medium-term model. The priority at the beginning of this week is the fall, which allows you to hold sales. In the second half of last week, growth led to the NKZ 1/2 test 0.7270-0.7264, which made it […]
The movement of last week was a reversal which allows you to keep sales open in the second half of the week. The first goal of the decline will be the weekly short-term stop 1.1288-1.1270, wherein the test of which will allow you to close a part of a short position. Friday’s fall exceeded the […]
GBP / USD The trading volume on the British pound on Friday was the smallest in the last 3 months. Under the general pressure of the dollar (USDH 0.46%) and in anticipation of the decision of the EU emergency meeting on Brexit, the pound lost 64 points. On Sunday, the EU countries unanimously adopted the […]
When the European market opens, some economic data will be released such as German Ifo Business Climate, and ECB Financial Stability Review. The US will not publish any economic data today, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]
In Asia, Japan will release the Flash Manufacturing PMI, while the US will not publish any economic data today. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.54. Resistance. 2: 113.32. Resistance. 1: 113.09. Support. 1: 112.83. […]
While Americans cut a festive turkey on the occasion of Thanksgiving, events of a truly epic scale unfolded in Europe. The main news was the message that the United Kingdom and the European Union signed, in fact, an agreement of intent regarding the withdrawal of the United Kingdom from a European Union. Although the paper […]
To open long positions on the GBP / USD pair, you need: Pound buyers failed to continue yesterday’s upward trend, having not consolidated above 1.12880 in the first half of the day, which led to a decrease in the pound. Only the formation of a false breakout in the support area of 1.2835 will be […]
