4h On the 4-hour chart, the Monday trading session began above the correction level of 50.0% at 1.2995. A fixation below the Fibo level of 50.0% will allow traders to rely on the reversal of the pair in favor of the US currency and a slight decline in the direction of the correctional level of […]
GBP / USD pair There are no data points for the US employment rate of 44 points. The intersection point of the correlation of the correlation of the curve with the indicator. It can be deepened to the Fibonacci level of 38.2% at 1.2910. The correction may decline to the support of the MACD line […]
Trend analysis (Fig. 1). On Monday, an upward trend is expected with the first target of 1.1449 – 21 average EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – down; – candlestick analysis – down; – trend analysis – up; – […]
AUD/USD In the past two days, the Australian dollar added more than 180 points. The price came out of the 10-month price channel that is moving down, and now it has acquired a new look: Apparently, the “aussie” decided to take part in a big financial game on the occasion of the elections to the […]
EUR/USD Last Friday, the US labor market data was excellent; 250 thousand new jobs were created in the non-agricultural sector in October, the share of the economically active population increased from 62.7% to 62.9%, the average wage increased by 0.2%. At the end of the day, the euro fell by 18 points, but without the […]
To open long positions for EURUSD, it is required: Euro buyers quickly left the market after the release of more than a good report on the US labor market, which continues to show phenomenal performance. At the moment, buyers of the EUR/USD need to return with a consolidation above the resistance of 1.1408, from which […]
To open long positions for GBP/USD, it is required: Today, all the movement of the pound will be formed by the data on the PMI index for the service sector, which will set the direction at the beginning of this week. Buyers of the GBP/USD need a breakout and consolidation above the resistance of 1.3020, […]
Dear colleagues. On the Euro / Dollar pair, the upward structure of October 31 is expected to develop after the breakdown of 1.1424. The pair Pound / Dollar is expected to continue moving up after the breakdown of 1.3020. The pair Dollar / Franc price is still in the zone of initial conditions for the […]
On Monday, the Asian stock market shines red, but the currency market is calm. The pound is the strongest on the foreign exchange market. The UK media reports that Prime Minister May has a secret plan that will ensure an agreement on Brexit and will be approved by the parliament. GBP / USD initially jumped […]
On Monday, the price will move up, with the first goal of 1.3066 – the rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis – up; – Bollinger lines […]
The Governor of the Bank of Japan had his speech overnight. Kuroda said the market situation has improved somewhat since the last monetary policy adjustment that took place in July. The central bank is aware that a very loose policy affects the stability of the financial market. Commercial banks take on more risk than usual, […]
The British newspapers report that the British Prime Minister has succeeded in negotiating with representatives of the European Union. The United Kingdom is to remain in the customs union. Information, for now, comes from an undisclosed source. Northern Ireland will not be treated in any special way. This probably solves the problem of the hard […]
In an official statement, the Ukrainian government confirmed its plans to establish a legal framework for the legalization of cryptocurrencies. As part of an initiative to recognize crypts as a promising emerging technology, the Ministry of Economic Development and Trade in Ukraine has published a new state policy to supervise various sectors related to cryptocurrencies. […]
We are still looking for a final dip closer to the 1.7010 target from where a corrective rally towards 1.7560 before the next downside pressure sets in for the next decline towards 1.6653. Short-term minor resistance is seen at 1.7175. This minor resistance will ideally be able to cap the upside for the final dip […]
EUR/JPY continues to follow the expected path higher towards 130.20 and possibly even closer to the 61.8% corrective target near 130.65. Support is now seen at 128.57, which ideally will protect the downside for a break above minor resistance at 129.33 for the next rally towards the 130.20 target. However, it will take a break […]
When the European market opens, some economic data will be released such as the Sentix Investor Confidence and the Spanish Unemployment Change. The US will also release economic reports such as Loan Officer Survey, ISM Non-Manufacturing PMI, and Final Services PMI. So, amid the reports, EUR/USD will move in a low to medium volatility during […]
In Asia, Japan will release the BOJ Monetary Policy Meeting Minutes. At the same time, the US will also release some economic data such as Loan Officer Survey, ISM Non-Manufacturing PMI, and Final Services PMI. So, there is a probability the USD/JPY pair will move with low to medium volatility duringthis day. TODAY’S TECHNICAL LEVEL: […]
CADJPY is approaching its resistance at 86.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to the support at 85.76 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected. CADJPY is approaching […]
The US labor market report (NFP) pointed to an increase in employment in October by 250,000, much more than the expected 200,000. September data has been revised down to 118,000 (from 134,000 previously) and both figures can be explained by disturbances caused by hurricanes. Traditionally, the main focus is on wage dynamics, which at 0.2% […]
Trading recommendations: According to the H1 time – frame, I found that buyers are in control today on BTC. I have also found the breakout of the supply trendline, which is a sign to watch for buying opportunities. My advice is to watch for opening buy deals with upward targets at the price of $6.344 […]
Recently, the AUD/USD pair has been trading upwards. The price tested the level of 0.7258. Anyway, according to the M15 time – frame, I found the buying climax (wide spread bar in a ultra-high volume) in the background, which is a sign that buying looks risky. I have also found that up-thrust bar and the […]
Recently, Gold has been trading upwards. The price tested the level of $1,236.94. According to the H4 time – frame, I found a broken supply trendline in the background and an upward movement, which is a sign that buyers are in control and that selling looks risky. The MACD oscillator is trading up, which is […]
Overview: Pivot point: 0.9951. The USD/CHF pair continues to move upwards from the level of 0.9951. 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 daily […]
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 September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the EUR/USD bulls failed […]
Overview: Pivot: 1.1422. The EUR/USD pair continues to move downwards from the areas of 1.1475 and 1.1422. Last week, the pair dropped from the level of 1.1475 to 1.1356. Today, resistance is seen at the levels of 1.1422 and 1.1475. So, we expect the price to set below the strong resistance at the levels of […]
Since September 13, the GBP/USD pair has been demonstrating a successful bullish breakout above the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090. On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook turned to become bearish within the depicted H4 bearish channel to test […]
The corrective rally from 126.64 is developing as expected. We saw a wave rally from 126.64 to 128.54 and wave b dipped to 127.59 and wave c higher to 130.20 and maybe even closer to 130.64 is now unfolding. Support is now seen at 128.54 and will ideally protect the downside for the expected rally […]
When the European market opens, some economic data will be released such as Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, Spanish Manufacturing PMI, French Gov Budget Balance, German Import Prices m/m. The US us due to present data on the labor market of major importance such as Unemployment […]
In Asia, Japan will release the Monetary Base y/y. The US is due to release a series of crucial economic reports such as Factory Orders m/m, Trade Balance, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a probability the USD/JPY pair will move with medium to high volatility during this […]
Technical outlook: The daily chart has been depicted here for understanding the larger picture for US Dollar Index. As seen here, the rally between 88.30 and 97.00/20 levels can be considered to be the first major swing. After this, the most probable outlook should be a counter-trend drop towards 93.00 levels as shown here. The […]
