Technical outlook: The GBP/USD pair seems to be preparing for a rally past 1.3140 levels in the next the next few trading sessions. For this wave structure to remain intact, GBP/USD needs to hold above its interim support around 1.2700 levels as depicted on the 4H chart here. Please note that immediate resistance is seen […]
Technical outlook: The Dow Jones is setting up for a huge drop lower towards 23,000 levels at least, for the next several weeks to come. It remains to be seen from when and from which resistance level, the above downswing would begin. The 4H chart depicted here seems to have completed its first downswing between […]
According to the results of trading on Tuesday, November 20, world prices for black gold fell by 7% per day. On Wednesday, November 21, the cost of futures for Brent crude fell by 6.4% to $ 62.53. WTI light oil futures fell 6.6% to $ 53.43.During the trading session, the fall in Brent quotes reached […]
The euro is expected to decline after the decision of the European Commission to apply the procedure of excessive deficit to Italy. Despite the fact that such a decision was quite expected, speculative players tried to take advantage of these moments and continue the decline of the European currency, which is still limited to the […]
To open long positions on the GBP / USD pair, you need: The bears did not allow the pound buyers to break through the resistance level of 1.2816, which I talked about in more detail in my morning review. At the moment, the challenge is still breaking through 1.2816, which will open a direct road […]
To open long positions on EUR / USD pair, you need: Euro buyers were not allowed above the resistance of 1.1409 to which I paid attention in my morning forecast, which led to a decrease in the pair. The upward potential was limited due to the fact that the European Commission recommended today that 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. A recent bearish movement is maintained within the depicted daily movement channel. On November 13, the EUR/USD […]
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 […]
Wave pattern on the H4 chart: The wave relevant for this scale has completed the downward trend of the daily TF. Wave pattern on the H1 chart: The high level of the bullish wave that began on September 7 makes it possible to wait for a gradual transition of the entire movement by 2 orders […]
Trading recommendations: According to the H1 time – frame, I found that BTC is trading in the upward correction phase, which is sign that buying looks risky. The trend is still bearish and my advice is to watch for potential breakout of the bearish flag to confirm further downward continuation. The next downward target is […]
Overview: 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 with the […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1393. According to the H1 time – frame, I found that upward correction is in progress, which is a sign that buying looks risky. My advice is to watch for a potential breakout of the bearish flag to confirm further downward continuation. The […]
Overview: The GBP/USD pair dropped sharply from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2780. 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 in […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2776. According to the H1 time – frame, I found a potential end of the upward correction in the background (expanded flat), which is a sign that buying looks risky. Most recently, I have found the breakout of the intraday bearish […]
The dollar has too many advantages, both current and future, for growth. The market has long taken them into account. At the same time, the problems of the huge trade deficits of the United States with the rest of the world, the political division of the country remained. In addition, the desire to bet on […]
Wave counting analysis:During the November 20 trading session, the GBP / USD currency pair lost about 70 basis points, but still leaves no hope of building an ascending wave c. As part of this supposed wave, waves 1 and 2 can already be traced. Thus, if the current wave counting is correct, then the rise […]
Wave counting analysis:In the course of trading on Tuesday, the EUR / USD currency pair lost about 80 basis points, so the expected wave 1 in the future first new upward trend segment is completed. If this is true, then now, the pair is in the process of building the proposed wave 2, which can […]
As expected the EUR/USD pair has reversed from 1.1450-1.15 back below 1.14. This is a bearish sign. However short-term trend remains bullish and will only change on a daily close below 1.1350. Blue line – important support trend line Black dots – medium strength resistance Dark blue dots -maximum strength support EUR/USD tried to break […]
The British pound can quickly fall to the level of 1.10 US dollars if the United Kingdom leaves the European Union without an agreement. The pound sterling will suffer greatly if the likelihood that the transaction is not confirmed in December or January, and is not approved by the Prime Minister Theresa May or the […]
Gold price made a higher high yesterday at $1,228.40 exactly at the 78.6% Fibonacci retracement and got rejected. Price has pulled back towards $1,220 and the RSI is showing bearish divergence signs. Red rectangle – major resistance area Blue lines – bearish divergence Green line – trend line support Gold price is trading at important […]
Wave pattern graphics H 4: The algorithm of the short-term trend of the price of the pound major is set by the upward wave of August 15. In a larger design, it will become a correction. Wave pattern graphics H1: The rising wave of October 30 in the wave of the older TF has become […]
Yesterday, the stock market went down and the spiral of risk aversion spilled over to the commodity and currency market. The sale of assets gave the impression of reducing the position before the long weekend in the face of Thursday Thanksgiving. After the Red Tuesday ended with falls on Wall Street (SP500 -1.82%), The Asian […]
Wave iv/ is developing and we are currently looking for a break above minor resistance at 1.6767 to confirm the next corrective push higher towards at least 1.6914 and more likely closer to resistance at 1.7023. Short-term support is seen at 1.6643, which is expected to be able to protect the downside for the break […]
We continue to look for more downside towards 123.66 to complete wave (E) of the huge triangle consolidation, that has been ongoing since July 2008. A break below minor support at 127.85 will confirm renewed downside pressure towards 126.62 and 124.89 on the way lower to the ideal target at 123.66 where a long-term bottom […]
To open long positions for GBP/USD, it is required: From a new wave of GBP/USD holds only the area of 1.2770. The formation of a false breakout at this level in the first half of the day will signal the opening of long positions with the main goal of returning and consolidating above 1.2816, which […]
The growth of negative sentiment in the global equity markets provided local support to the US dollar. The negative dynamics in the US stock market, which once again caused the desire of investors to cash out (cash), supports the dollar. The collapse of the local stock market is supported by the negative dynamics in the […]
To open long positions on EURUSD you need: Today, the decision of the European Commission for Italy will be published, which is unlikely to surprise traders with something. Most likely, the EU will apply disciplinary measures against the Italian authorities. It is best to consider long positions after the formation of a false breakdown in […]
Former American presidential candidate Ron Paul asked Twitter users how they would have preferred to receive $ 10,000 if they had to keep the amount in this form for a decade. Most chose Bitcoin. 50% of respondents said they would prefer to receive $ 10,000 in Bitcoin, the second most-used asset was gold (37%), third […]
Trading plan 21.11.2018 Overview: markets await a decision on Brexit Major currency pairs have formed a band. During the weekend, the markets are waiting for EU-Britain talks. In the us, Thursday is Thanksgiving. A report on durable goods orders in the US will be released on Wednesday – but, most likely, the ranges will continue […]
Burning forecast 21.11.2018 EURUSD: Range. On Tuesday, the strong pullback of the euro interrupted the upward movement. The EURUSD rate formed a range. Perhaps the range will continue until Monday – Britain-EU talks on Brexit terms are expected at the weekend We are ready to buy the euro from 1.1475, stop 1.1430, target 1.1620. Alternative: […]
