Last week, the downward movement resumed, which allowed to observe the formation of a reversal pattern. Today, the pair tested the weekly short-term CP 1.1316-1.1198. This will determine the further priority for the week. Today’s trading plan should take into account the fall of last week, which indicates a downward priority. Any growth should be […]
To open long positions for GBP/USD, it is required: Buyers of the pound are in no hurry to return to the market, as there are no changes with Brexit, and November 20 is getting closer and closer. You can count on long positions after the return and consolidation at the resistance level of 1.2907, which […]
USD / JPY On Monday morning, the yen is near Thursday close. small Friday decline today in the Asian session is almost played. The situation continues to rise steadily with the goal of 114.90 – the trend line of the price channel. Today, Japan’s producer price index for October showed a slight decrease from 3.0% […]
Trend analysis (Fig. 1). On Monday, the price will move downwards, with the first target – a pullback level of 50.0% – 1.2935 (blue thin line). Upon reaching this level, you can move up. Rice. 1 (daily chart). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – […]
Trend analysis (Fig. 1). On Monday, the price will move down with the first target – support line of 1.1300 (blue thin line). Upon reaching this level, you can move up. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – […]
To open long positions for EURUSD, it is required: Friday’s data on the US economy led to another fall in the European currency. Today, market volatility can be extremely low, especially in the afternoon due to the Veterans Day holiday, which is celebrated in the United States today. In the first half of the day, […]
EUR / USD The Euro continues to decline. Not much remains to the target level of 1.1300. Fixing the price under it will open the next target which is 1.1200, followed by 1.1100. Today is a public holiday in the USA and Canada. The Euro is likely to remain in consolidation above 1.1300. The Marlin […]
Dear colleagues. For the currency pair Euro / Dollar, we are following the development of the downward cycle of November 7. For the Pound / Dollar currency pair, we are following the development of the downward structure from November 7 and we expect the continuation of the downward movement after the breakdown of 1.2910. For […]
On the weekly chart, the price moved up and tested the retracement level of 1.485 (blue dotted line) and went down. A significant role in this was played by fundamental analysis. In the coming week, moving down after a re-test of the support line at 1.1297 (white thin line), it is possible to move upward […]
When the European market opens, some Economic Data will be released such as Italian Industrial Production m/m. Today, the US will not release any Economic Data, so amid the reports, the EUR/USD pair will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1385. Strong Resistance:1.1378. Original Resistance: […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y and PPI y/y, and the US will not release any Economic Data today. So there is a probability that the USD/JPY pair will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 114.55. Resistance. 2: 114.32. Resistance. 1: […]
The US dollar will soon decline against the British pound and the euro area currency. This forecast was shared by analysts Morgan Stanley and told why under such circumstances, it is more profitable to sell one European currency against another. The dollar will weaken due to the fact that the level of political uncertainty in […]
In September, negotiations on the revision of the terms of the agreement on the North American free trade area USMCA (formerly NAFTA) between the USA, Canada, and Mexico were completed. After a long period of disputes, the parties were able to resolve the main issues, and the agreement should be signed on the 30th of […]
Analysts of the French bank Natixis believe that in the future, gold will have an excellent opportunity to grow against the background of a slowdown in the rise of the American economy and a weakening dollar. “We believe that the deterioration of economic indicators in the United States and the depreciation of the US currency […]
According to a number of experts, this year, black gold can still jump in price to $ 100 per barrel. “We believe that in the rest of the year, the oil market will most likely incline to an upward trend. In November-December, as a rule, an increase in demand for raw materials from the refinery […]
Dollar bulls regained control of the market after the announcement of the results of the midterm elections in the United States. It took them only a day. The previously shaken greenback is being restored, the Fed meeting was without surprises. The rate was expectedly saved, there was no mention of the deterioration of macro statistics. […]
The authorities of Saudi Arabia have ordered a large-scale study, during which experts carefully analyze the possible dissolution of OPEC. Note that this project involves the development of measures aimed at preventing the collapse of the cartel. Saudi Arabian State Research Center is exploring the possible impact of the collapse of OPEC on the oil […]
According to Keisuke Suzuki, an analyst from Societe Generale Tokyo office, in the near future, the dollar will be supported by rising yields on US government bonds against expectations of a further increase in interest rates by the US Federal Reserve. “After the completion of the so-called “mid-term elections”, the focus shifts back to macroeconomic […]
Well, the Federal Reserve has ordered everyone to relax and have fun, because members of the Federal Commission on Open Market Operations see no reason to be concerned about the recent slowdown in inflation. According to them, there is no sign that inflation will not resume its growth, so there is no reason to revise […]
Wave counting analysis: During the November 8 trading session, the GBP / USD currency pair lost about 60 basis points. Thus, there were grounds to assume the completion of the construction of wave a or 1 of a new upward trend section. If this is true, the decline in quotations will continue to the levels […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD currency pair fell by 60 basis points after the results of the Fed meeting became known. The wave marking of the instrument has undergone certain changes, since the breakdown of the minimum from November 5 with high probability means the complication […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: -39.4195 The currency pair GBP / USD on Friday, November 9, corrected to the moving average line. So far, the upward trend in the instrument, in contrast to […]
4-hour timeframe Technical details: The senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -172.6993 The EUR / USD currency pair on Friday, November 9, resumed the downward movement. From a technical point of view, the correction took place and ended. Thus, […]
4h The currency pair EUR / USD, after rebounding from the correction level of 61.8% – 1.1497, continues the process of falling in the direction of the correctional level of 100.0% – 1.1303. Quoting the pair on November 9 from the Fibo level of 100.0% will allow traders to expect a reversal in favor of […]
4h On the 4-hour chart, the GBP / USD currency pair, after rebounding from the correction level of 76.4% – 1.3157, performed a close below the Fibo level of 61.8% – 1.3066 and continues the process of falling towards the corrective level of 50.0% 1.2997. On November 9, bullish divergence is on the CCI indicator. […]
Dear colleagues. For the currency pair Euro / Dollar, the price is close to the abolition of the rising structure of October 31, for which a breakdown of 1.1344 is necessary. For the currency pair Pound / Dollar, the price is in the correction and the upward movement is possible after the breakdown of 1.3174. […]
GBPJPY has been quite impressive with the recent bullish gains which lead the price towards 149.00-150.00 area from where the price is being observed currently to push lower with certain bearish momentum. Despite GBP having mixed economic results recently, the sustainability indicates the amount of strength it had over JPY in the process. Recently the […]
The European currency continued to decline against the US dollar, as many traders are concerned about the fact that the Italian government has not yet provided a draft budget with a target deficit that suits the European Commission. If the budget deficit for 2019 in Italy does not change, the pressure on the European currency […]
Wave pattern on the H4 chart: The vector of price movement of the cross in the short term directs the rising wave formation of May 29. The structure lacks the final part. Wave pattern on the H1 chart: The last wave of this scale started on September 21. In the older wave, it completes the […]
Trend analysis (Fig. 1). On Friday, the price will move downwards before the news with the first goal of 1.2992 and the rolling level of 38.2% (blue dashed line). The preliminary news shows an upward trend has a tendency to go up. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci […]
