To open long positions on EUR / USD pair, you need: Buyers failed to cope with the resistance of 1.1424 in the first half of the day, which led to the expected downward correction of the euro and, quite likely, to the resumption of the downward trend. In the current situation, it is best to […]
Wave pattern on the H4 chart: The rising wave of August 16 sets the direction of price movement and has not yet been completed. Wave pattern on the H1 chart: The downward stretch of October 15 in the larger wave of H4 took the place of correction (B). The wave is fully formed. Wave pattern […]
Trading Plan 11/23/2018 On Thursday, the pound showed strong growth on the message that the EU and Britain reached an agreement on relations after Brexit and even signed a declaration. This is the great success of British Prime Minister Theresa May and now her chances of reaching an agreement on her own terms have increased […]
Trend analysis (Fig. 1). On Friday, the price will move up with the first target of 1.2910 on 21 average of EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – down; – candlestick analysis is neutral; – trend analysis – up; […]
The euro fell by almost half a percentage point on Friday after the publication of data that showed that economic growth in the region may slow down. Against the euro plays a decline in business activity in the eurozone. In addition, the fall accelerates the ongoing trade war. The growth of the private sector in […]
Brent oil continues its decline, resuming the “bearish” trend and losing 3.5% of its value. Commodity asset quotes fell to $ 60.30 a barrel for the first time since November 2017. In just a week, Brent fell by 9%. The cost of WTI crude oil lost 4.16%, falling to $ 52.34 a barrel. Analysts expect […]
Dear colleagues. For the currency pair Euro / Dollar, we expect the movement to the level of 1.1315. For the currency pair Pound / Dollar, the price has issued a local structure for the top of November 21. For the Dollar / Franc currency pair, the expressed initial conditions for the top, we expect to […]
On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook turned to become bearish to test the backside of the broken uptrend. 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 […]
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 […]
Traders who are not afraid of a collapse in emerging markets, unexpectedly were rewarded this month, reports Bloomberg. In November, the index, calculated by the agency and reflecting the return on the carry-trade operations with the currencies of eight developing countries against the dollar, rose by 3.2%. “Carry traders buying high-yielding currencies of developing countries […]
On Friday, November 23, experts fix the gradual rise in the price of the single European currency in relation to the US, which lasted for two trading sessions. According to analysts, the moderate strengthening of currencies such as the euro and the British pound contributed to the signals of a possible compromise between the UK […]
According to the monitoring report of the World Trade Organization (WTO), the restrictive measures taken by the G-20 countries from May to October 2018 affect international trade in excess of $ 481 billion a year. According to experts, this amount is six times higher than the previous figure and is considered the largest since 2012. […]
Recently, Gold has been trading sideways at the price of $1,224.00. Anyway, according to the H4 time – frame, I have found a bearish breakout of the 24-hour balance, which is a sign that sellers are in control. I also found the rejection of the upper Keltner band and hidden bearish divergence on the RSI […]
Wave pattern graphics H4: It can be used for the short wavelength of the pair. The structure of the wave of the final part. Wave pattern graphics H1: The downward stretch of September 21 Wave pattern graphics M15: From October 26, the TF. This will make it possible to move on to even larger scale […]
The currency market, fluctuations of main currencies against USD do not exceed 0.15%. EUR / USD is at 1.1410, USD / JPY at 112.90, and GBP / USD at 1.2870. The Chinese stock market suffers from fears of slowing growth as a result of trade wars and Shanghai Composite falls by 2.3%. In Japan, the […]
We are still looking for a clear break above minor resistance at 1.6767 for a continuation of the ongoing correction towards at least 1.6914 and likely even closer to resistance at 1.7023. Only an unexpected break below support at 1.6683 and more importantly a break below support at 1.6560 will indicate that wave iv/ completed […]
Another range-trading day. Likely due to the US Thanksgiving holiday and today only being half a work day. So we do not expect much action to be seen before the start of next week. We continue to favor the bearish outcome and a break below support at 127.94 for a decline towards 123.66 to complete […]
The Chinese Deputy Minister of Trade said that the country is looking for a way to find a common language with the United States. He noted that the desire to engage in talks also exists on the US side. He hopes that meeting Xi and Trump during the G20 gathering will go smoothly next weekend. […]
US President Donald Trump thanked Wednesday Saudi Arabia for lowering oil prices, comparing this decision to a “big tax reduction” for his country and the world, but at the same time called Riyad to an even greater reduction in fuel prices: “Oil prices are falling even more. Great! For the United States, it’s like a […]
EUR/USD continues to trade above critical short-term support. The potential for a move towards 1.15 is still there. As long as we trade above 1.1380-1.1360, it is highly likely. Longer-term trend remains bearish targeting 1.10-1.08. Yellow rectangle – resistance Green rectangle – major support Red rectangle- short-term support Blue line – trend line support EUR/USD […]
To open long positions for GBP/USD, it is required: Yesterday, the pound rose sharply and returned to the resistance area of 1.2880 after news appeared that negotiators from the UK and from the EU agreed on the text of a declaration on the future relationship between the United Kingdom and the European Union. Despite this, […]
To open long positions for EURUSD, it is required: As long as trade is conducted above the support level of 1.1382, the demand for the euro will remain. The formation of a false breakdown in this area will lead to an increase in the EUR/USD, and the main task will be a breakthrough and consolidation […]
EUR/USD The euro slowly but persistently breaks the main scenario, which implies a price decline to 1.1190 and further towards 1.1110. Of course, to grow in price, a lot needs to be done – on the daily chart, three resistance lines can be overcome, the top of which – the Krusenstern line – is at […]
GBP / USD The British pound jumped 100 points yesterday due to the publication of materials in the media about reaching an agreement on a free trade area and the approval of the EU-UK political declaration. We regard this market reaction as short-term. The reason for the growth was formal since these agreements were registered […]
USD / JPY The Japanese yen is consolidating on the ascending line of the price channel for the third day. To date, the balance line and the Krusenstern line of the daily timeframe have become supports. These will help the price to overcome the resistance of the Krusenstern line on the lower four-hour scale. Overcoming […]
When the European market opens, some economic data will be released such as Belgian NBB Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and German Final GDP q/q. The US will also publish the economic data such as Flash […]
In Asia, Japan will release the Flash Manufacturing PMI and the US will publish some economic data such as Flash Services PMI, and Flash Manufacturing PMI. 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: 113.55. Resistance. 2: […]
The latest news: the European Union and Britain signed a joint declaration on relations after Brexit. This is an important step to resolve the main problem for Britain and the EU at the moment. This is an important victory for Theresa May in the fight against opponents in Britain. On this news, the pound rose […]
The pound is again under pressure because of the vague prospects of Brexit. The forced pause in this matter created an informational vacuum, but yesterday alarming signals were received regarding further approval algorithm for the deal. And it’s not just the obstinacy of the British deputies: some representatives of Europe also expressed their dissatisfaction with […]
Wave pattern of H4 chart: The last current wave of the cross starts in mid-August. To date, the structure looks complete. The price has almost reached the end of the settlement zone. Wave pattern of H1 chart: A downward wave has been forming since November 8. Its wave potential goes beyond the correction of the […]
