Wave pattern of H4 chart: The dominant trend has been developing since the beginning of the current year and refers to the daily scale of the movement. The last 4-hour section forms the final part. Wave pattern graphics H1: From the beginning of October, a wave zigzag has been formed towards the main direction. According […]
USD/CHF has been quite corrective and volatile after the daily close below 0.9980 area recently. Despite downbeat economic reports from the US, it managed to sustain the bullish momentum in the pair against CHF. Recently US Core Durable Goods Orders report was published with an increase to 0.1% from the previous value of 0.0% but […]
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 […]
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 […]
The dollar as a whole steadily survived the recent collapse in oil prices. This, in particular, it succeeded, thanks to the return of the dollar carry trade. However, the US currency, apparently, is now at the peak of its value. The US economy can get hit by the sharp drop in black gold to its […]
To open long positions on GBP / USD, you need: The pound rose sharply and made its way above the resistance of 1.2876 after the news appeared that the negotiators from the UK and from the EU agreed on the text of a declaration on future relations between the United Kingdom and the European Union. […]
To open long positions on EUR / USD, you need: The buyers coped with the morning task and managed to keep the support level of 1.1382. However, the main task remains a breakthrough and consolidation above the resistance of 1.1424, which will make it possible to count on a larger uptrend with the update of […]
Trading recommendations: According to the H1 time – frame, I found a breakout of the symmetrical triangle to the downside, which is a sign that sellers are in control. I also found a series of the lower highs and lower lows, which indicates the downward trend. My advice is to watch for selling opportunities and […]
Recently, the AUD/USD pair has been trading downwards. The price tested the level of 0.7234. Anyway, according to the H1 time – frame, I found breakout of the supply trendline in the background and potential bullish flag in creation, which is a sign that selling looks risky. My advice is to watch for buying opportunities […]
To open long positions on GBP / USD, you need: From the new wave of falling GBP / USD only the area of 1.2770 holds back. The formation at this level of a false breakdown in the first half of the day will be a signal to open long positions with the main purpose of […]
To open long positions on EUR / USD, you need: Yesterday, a decision was made in Italy, and the measures to be applied will be known only in two weeks. Today, the growth of the euro will depend on whether buyers will be able to keep the support level of 1.1382. The formation of a […]
Overview: The NZD/USD pair will continue rising from the level of 0.6791 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 NZD/USD pair […]
On Wednesday, US stock markets were weakly corrected after two days of a protracted fall, and there is no doubt that the annual S & P500, set in February at 2530 n, will be tested for strength in the near future. Tramponomy does not give a noticeable result yet. Published on Wednesday, the report U.S. […]
Overview: The AUD/USD pair keeps going to move upwards from the level of 0.7185. This week, the pair rose from the level of 0.7185 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 […]
4-hour timeframe The amplitude of the last 5 days (high-low): 191p – 307p – 118p – 90p – 106p. Average amplitude for the last 5 days: 162p (184p). On Wednesday, November 21, the British pound sterling stood in one place all day, not knowing where to go. It is rather strange that traders did not […]
4-hour timeframe The amplitude of the last 5 days (high-low): 85p – 91p – 98p – 71p – 113p. Average amplitude for the last 5 days: 92p (85p). The currency pair EUR / USD on Wednesday, November 21, failed to overcome the critical line Kijun-sen from the first attempt. However, most likely, will overcome with […]
Gold took advantage of the weakness of the US dollar and is trying to storm the important resistance level of $ 1,225 per ounce. A portion of disappointing statistics on industrial production and the real estate market, moderate pigeon comments by Fed representatives and a fall in the likelihood of an increase in the federal […]
The oil market continued its southern rally yesterday. The cost of a barrel of Brent crude fell yesterday to the base of the 62nd figure, updating its multi-month highs (the last time the price was at this level in February of this year). In turn, WTI oil has updated at least more than 13 months.Such […]
The fundamental background for the euro / dollar pair changes with a kaleidoscopic rapidity. The greenback and the single currency are alternately under pressure from various factors, and as a result, the pair is actually marking time, balancing between 13 and 14 figures.Today’s decision of the European Commission regarding Italy was expectedly ignored by the […]
EUR/USD pulled back towards 1.1375 but did not break below recent lows at 1.1358 nor below the upward sloping trend line support. Short-term trend remains bullish and we could see a new higher high towards 1.15 as long as we trade above 1.1350. Yellow rectangle – major resistance Orange rectangle -important short-term support Green rectangle […]
Gold price continues to trade near its recent highs and below major resistance at $1,243.50. Short-term trend remains bullish but I prefer to be neutral or bearish at current or higher levels as long as we trade below $1,243.50. There are some warning signs for bulls that should not be ignored. Red rectangle -major resistance […]
USD is slightly weaker to most major currencies except AUD and NZD. Investors’ activity is lower than in previous days, which is understandable with the riddled holidays of trade. In addition, large fluctuations from previous days (mainly from Tuesday) suggest that investors have already prepared for the long weekend. EUR / USD anchored around 1.14. […]
The Financial Supervisory Authority of the United Kingdom, the Financial Conduct Authority (FCA), may ban the cryptocurrency derivatives, such as futures contracts, as part of the “most comprehensive response” for this industry. In a speech at a conference in London, executive director of FCA Strategy and Competition Christopher Woolard, said the organization would consult on […]
4 hour timeframe Technical details: Senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 12.8973 The currency pair EUR / USD on Thursday , November 22, continues to trade near the moving average line and can neither resume upward movement nor gain […]
We continue to look for wave iv/ moving closer to resistance at 1.6914 and more likely closer to resistance at 1.7023. A break above minor resistance at 1.6767 will confirm the next push higher towards at least 1.6914. Support is now seen at 1.6642 and important support at 1.6560. A break below the later will […]
Reducing the pair is a priority and the probability of updating the November is as low as 70%. As long as the pair is trading below the NCB 1/2 1.2868-1.2854, sales remain the priority. The target zone of decline is the NKZ 1/2 1.2649-1.2636. By achieving this zone, it will allow fixing a short position […]
GBP / USD Yesterday, the British pound fell a bit by 10 points but did an important technical action. It closed the trading session below the nested line of the price channel on the daily scale chart. On the H4 graph, it is noticeable that the price did not let up the balance line. The […]
AUD / USD On Tuesday and Wednesday, the Australian dollar successfully tested the embedded line of the price channel for strength. The line was broken and the price turned up from the balance line. Correctional upward movement was stopped with a reversal of the signal line of the Marlin oscillator from the zero line on […]
Movement remains a medium-term impulse. But this week, the formation of a reversal pattern of a younger period took place. Within the formed accumulation zone, a search for a pattern for the sale of an instrument is required. On Tuesday, the fall in the rate led to the formation of a reversal pattern after the […]
Valdis Dombrovskis, Vice President of the European Commission for Euro, Financial Stability and Social Dialogue, said that the EC opens the so-called excessive budget deficit procedure for Italy since the draft budget of the country for 2019 does not meet the requirements of the Stability and Growth Pact.According to the terms of the Covenant, the […]
