To open long positions on the GBP / USD pair, you need: Buyers coped with the task set in the first half of the day and entrenched above 1.2888. However, data on the labor market has not yet allowed a large uptrend to form as they turned out to be worse than economists’ forecasts. While […]
The American currency is gaining momentum. On the eve of the dollar index (DXY), it rose to the maximum mark for the first time since May 2017. At the same time, the EUR / USD pair dropped to its lowest level since June last year. As a rule, the strengthening of the dollar negatively affects […]
Since September, 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 to test the backside of the broken uptrend. On […]
Wave pattern on the H4 chart: A descending wave model on the chart of the pair is formed from the middle of July, correcting the previous portion of the daily scale trend. Wave pattern on the H1 chart: The bearish wave of October 4th develops in the lateral plane. In the structure of the wave, […]
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 […]
To open long positions on EUR / USD pair, you need: In the first half of the day, euro buyers failed to gain a foothold above the resistance of 1.1255. However, the expected major sell-off from this level did not happen. In the afternoon, the repeated test of the area of 1.1255 may lead to […]
On the first day of the new week, the US dollar received significant support in the wake of two reasons. The first can be attributed to high expectations that the Fed will raise interest rates for the fourth time next month, and the second, fear that the world economy has really begun to slow down […]
Dear colleagues. For the currency pair Euro / Dollar, the price is near the limit values for the downward structure of November 7, in connection with which, we expect a rollback up. For the Pound / Dollar currency pair, we are following the development of the downward structure from November 7 and we expect the […]
Eurozone Eurozone economic prospects continue to deteriorate previously concluded by the Markit group, supported by the German ZEW Institute today. The sentiment survey showed that the index of current economic conditions fell from 70.1p to 58.2p in November. The sentiment index remained almost unchanged at the minimum level for more than 6 years and in […]
4 hour timeframe Technical details: Senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -119.6406 On the Tuesday, November 13, the EUR / USD currency pair has been completed on the level of “0/8”. Both the European currency and the Sterling pound […]
Wave pattern on the H4 chart: From mid-August, the euro major pair forms a “widening triangle”, an ascending correctional model of the wrong kind. In the classical theory, this will be an “expanded” or “shifting” plane. Wave pattern on the H1 chart: The descending wave of September 24 takes in the larger model placed in […]
Trading recommendations: According to the H4 time – frame, I found the breakout of the support trendline in the background, which is a sign that sellers are in contorl. I also found the buying climax in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2884. According to the H1 time – frame, I have found that GBP/USD is in a consolidation phase. My advice is to watch for a potential breakout of the support trendline 1.2828 to confirm further downward continuation. The trend is bearish and my […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,197.54. According to the H1 time – frame, I found strong selling pressure and a breakout of the intraday upward trendline, which is a sign that sellers are in control. I placed Fibonacci expansion to find a potential downward target […]
Overview: The AUD/USD pair continues to trade upwards from the level of 0.7195. The pair rose from the level of 0.7195 to a top around 0.7302. Today, the first resistance level is seen at 0.7359 followed by 0.7413, while major support is seen at 0.7195 (61.8% Fibonacci retracement). According to the previous events, the AUD/USD […]
Overview: The EUR/USD pair dropped from the level of 1.1467 to the bottom around 1.1215. But the pair rebounded from the bottom of 1.1215 to close at 1.1230. Today, the first support level is seen at 1.1215, and the price is moving in a bearish channel now. Furthermore, the price has been set below the […]
Trend analysis (Fig. 1). On Tuesday, a rolling upward movement is possible with the first goal – the resistance line 1.1267 (blue thick line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – up; – candlestick analysis – up; – trend analysis – down; – […]
Burning forecast 13.11.2018 EUR USD: there is a down trend signal. A strong breakthrough of the weekly and monthly scale of 1.1300 of the EURUSD on Monday is a signal of the euro’s downward trend. Closing of the day at 1.1200 is an important confirmation. Despite an upward rebound of the euro on Tuesday morning, […]
Gold price is again in a bearish short-term trend. The longer-term trend has not changed and it remains bearish. Gold is trading around $1,200 and for today and for the next couple of sessions I would expect Gold price to bounce towards $1,210-15. Red rectangle – major resistance area Magenta rectangle – resistance area Blue […]
EUR/USD has reached our downside targets and it loos like it is preparing at least a short-term bounce towards 1.13. Trend remains bearish. Traders should continue to focus on the downside and not try to trade the upside. Black dots – medium strength resistnace Red dots – maximum strength resistance Green lines – expected path […]
The Chinese press reports that Deputy Prime Minister of China Liu He and US Treasury secretary Mnuchin held a telephone conversation in preparation for a meeting of state leaders during the G20 summit in Argentina at the end of November. Reports were perceived as a positive development of events, suggesting the efforts of both parties […]
To open long positions for GBP/USD, it is required: Buyers of the pound managed to stay above the support level of 1.2830, but the main task today for the first half of the day will be a breakout and consolidation above the resistance of 1.288, which will lead to a return to the upper border […]
The Canadian dollar continues to weaken relative US currency. From the beginning of November, an ascending medium-term model is being formed which does not allow for sales of the instrument. The main transactions remain the purchase of a pair. An upward movement last week continues in the current week. Yesterday’s growth allowed the pair to […]
To open long positions for EURUSD, it is required: Euro buyers managed to stop the market decline yesterday only in the support area of 1.1215, from which they are now trying to build an upward correction. The main task in the first half of the day will be a break above the resistance of 1.1255, […]
AUD / USD The Australian dollar has confirmed the parameters of the updated price channel with a force deployed from its upper limit. Under the pressure of the US dollar yesterday, the Australian lost 53 points. But today, in the Asian session, it has almost completely won back. The indicator was a daily balance scale […]
Burning forecast 12.11.2018 EURUSD: there is a down trend signal. On Monday morning, the euro broke down the weekly level of 1.1300 – this is a strong signal for a down trend. The lowest trend target is 1.1050. We keep sales from 1.1350. Sell from 1.1300. Alternative: Buy from 1.1500. The material has been provided […]
Bitcoin has been quite bullish with the recent momentum which lead the price to reside at the edge of $6,400 area while having dynamic levels such as 20 EMA, Tenkan and Kijun line supporting it. The price has recently broke above the Kumo Cloud resistance while Chikou Span is also residing above the price line […]
Since September 13, the GBP/USD pair has been demonstrating a successful bullish breakout above the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090. On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook turned to become bearish to test the backside of the broken uptrend. […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On October 10, Recent bearish decline below 1.1520 found its way towards the price level of 1.1420 where temporary bullish pressure was pushing the EUR/USD pair above 1.1520. Hence, a descending […]
Chinese giant Alibaba Group Holding Ltd released a report on record sales this Sunday, 213.5 billion yuan ($ 30.7 billion) in 24 hours. Singles Day is the world’s largest online sales event, ahead of Black Friday in the United States and Cyber Monday. This holiday appeared in China as an alternative to Valentine’s Day for […]
