On Thursday, November 15, oil prices were able to break the downtrend in the market. According to experts, it was the longest collapse in the history of trading. The cost of a barrel of WTI oil blend increased for the first time in 12 sessions. During yesterday’s trading, market participants tried to play a sharp […]
According to some experts, the meeting of the OPEC countries, scheduled for December 6, 2018, may be held ahead of schedule. In any case, analysts are confident that this day will be the most important for all participants in the oil market. Early next month, cartel members planned to get together to discuss the issue […]
Wave counting analysis: During the November 14 trading session, the GBP / USD currency pair gained about 20 basis points, but during the day, there was a very high market activity. The current wave counting assumes the continuation of the pair growth within the framework of wave 3, c, with minimal targets, located around 32 […]
Wave counting analysis: In the course of trading on Wednesday, the EUR / USD currency pair gained only about 20 basis points, however, there are still reasons to assume that the wave 5 of the downtrend trend is completed. If this is true, then the increase in quotations will continue as part of the first […]
Wave pattern on the H4 chart: The wave is at the end of the main downtrend of the daily scale, which began in January and is still unfinished. Wave pattern on the H1 chart: From October 5, a wave with no reversal potential began to form on the chart upwards. In a larger design, it […]
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. Recently, Temporary bullish recovery was demonstrated around 1.1300. Hence, another bullish pullback was executed towards 1.1499 (the upper limit of the supply zone) where another descending high was established. As for […]
Political events set the agenda for the GBP/USD pair and the pound will continue to be dominated by newspaper headlines, high-profile announcements, and personnel appointments. All other fundamental factors will remain in the shadows. British politicians took an important step yesterday towards an orderly Brexit. Members of the government were able to agree on a […]
Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2750. According to the H1 time – frame, I have found a hidden bearish divergence in the background on the MACD oscillator, which is a sign that buying looks risky. I also found the potential end of the […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1306. According to the H1 time – frame, I have found a breakout of the bearish flag pattern, which is a sign that sellers are in control. The short-term trend is bearish and my advice is to watch for selling opportunities. The downward […]
Overview: The AUD/USD pair continues 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. Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 is seen at 0.7185 (50% Fibonacci retracement). According to the previous […]
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 […]
We are looking for a break below minor support at 128.16 as confirmation that wave 2 has completed and wave 3 lower towards 124.98 is developing. Resistance is now seen at 128.68 and important resistance is seen at 129.23, this resistance should be able to cap the upside for the expected break below 128.16 confirming […]
The European currency continues to attempt to strengthen in tandem with the US dollar. Yesterday’s data on inflation in the United States did not lead to significant changes in the market, as they coincided with the forecasts of economists. According to a report by the US Department of Labor, CPI in October of this year […]
Something unbelievable happened to the pound yesterday, and the reason lies solely in the statements regarding Brexit. At first, the pound continued to grow amid expectations of signing an agreement between the UK and the European Union, which the cabinet did. Then it rushed down as due to inflation data, which showed its invariance instead […]
Burning forecast 15.11.2018 EUR USD: Preparing to move. The us inflation report on Wednesday did not support the dollar. A large package of data on the US will be released on Thursday at 12.30 – possible increase in volatility The downward movement of the euro is broken – but the upward trend is not yet […]
Wave pattern graphics H 4: On the cross-country graph, the rising wave of August 15 is nearing completion. In the structure of the larger D1 wave, this section does not go beyond the correction. Wave pattern graphics H1: Since October 26, the rising wave develops. It became the final model of the H4. The structure […]
The optimistic statements by the Prime Minister of Great Britain T. May, that an agreement could be reached on the country’s withdrawal from the EU, once again inspired the markets and pushed up the rates of sterling and the single currency, which in recent days have significantly sagged against the US dollar. The Brexit theme […]
AUD/JPY has been quite impressive with the recent non-volatile and impulsive bullish pressure which led the price higher toward 82.00 with a daily close. The positive reports on Australia’s labor market helped the currency to gain momentum over JPY which has been struggling due to lackluster economic data. AUD has showing predictable dynamic amid better-than-expected […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – sideways. CCI: 53.0811 The currency pair GBP / USD on Thursday, November 15, resumed its upward movement after a “storm” environment. During the past day, the pair was thrown from […]
Exchange index in Shanghai gains 1.2% with a sentiment based on Reuters reports that China sent a response to US demands for trade reform, but did not provide further details, hopes that both sides would be able to resume negotiations to end a trade war. Trade in Japan was less optimistic and Nikkei fell 0.2%. […]
4h On the 4-hour chart, the GBP / USD currency pair rebounded from the correction level of 38.2% – 1.2925, and then from the level of 61.8% – 1.3066. However, on November 15, the growth process continues towards the correctional level of 61.8%. There are no emerging divergences today. Another rebound from the Fibo level […]
To open long positions for GBP/USD, it is required: Pound purchases continued after the British Cabinet approved the Brexit agreement yesterday, which will now be passed to Parliament for final approval. A break in the resistance at 1.3040 will lead to a larger upward wave on the pound, with the test of the highs at […]
AUD/USD has been quite impressive with the recent bullish gains after the bounce off the 0.7150-0.7200 support area with a daily close. Despite recent positive economic reports from the US, AUD gained more momentum in the market due to upbeat employment data today. Today AUD Employment Change report was published with a significant increase to […]
As a result of a wider sale in the cryptocurrency market, Bitcoin fell to the lowest price level in over 12 months. The lowest point of the Bitcoin price today was $5,669 – the lowest price recorded since November 11 last year. Wednesday was started at $6,997.96. Since then, the price of Bitcoin has slightly […]
Gold price as expected has finally bounced towards $1,210-15 area. I expect prices to get rejected at current levels or from slightly higher. Major resistance and stop for bears is at $1,243.50. Support at $1,196. Red rectangle – major resistance Blue rectangle – major support Magenta rectangle – resistance Green lines expected path Gold has […]
EUR/USD despite the initial rejection at the 38% Fibonacci retracement, made a higher low and is now making a higher high. Medium- and longer-term trend remain bearish as price remains inside a bearish channel and below 1.15. Green lines – expected path Blue dots – medium strength support Dark blue dots – maximum strength support […]
To open long positions for EURUSD, it is required: Buyers of the European currency would need a breakthrough of the major resistance of 1.1344, as it did not go beyond and failed yesterday. Good news on Brexit can also support the euro, and the breakdown of 1.1344 will open new highs for traders in the […]
Yesterday, a reversal upward pattern was formed , so the update of the weekly maximum is highly likely. The basis of today’s trading is keeping open purchases from yesterday. Also yesterday, the pair tested the defining zone of support for NKZ 1/2 1.2915-1.2901. This led to an increase in demand and an update of the […]
AUD / USD This morning, the Australian dollar has reached the upper limit of the price channel. The increase was due to the release of good employment data for October. In particular, the unemployment rate was kept at 5.0% against the pessimistic forecast of increase to 5.1%. In contrast with the 19.9 thousand total job […]
