EUR/JPY has been quite impulsive and non-volatile with recent bullish gains which led the price to reside above 130.00 area currently. Amid lackluster economic reports from Japan, EUR gained momentum despite mixed economic data as well. EUR has been struggling amid the Italian crisis of the Budget Deficit which is currently being tackled, but things […]
Trading recommendations: According to the H1 time – frame, I found that BTC is trading sideways at around $6.477. I see the potential for the downward correction and my advice is to watch for potential selling opportunities if you see a valid break of the support at the level of $6.457. The breakout of the […]
Recently, Gold has been trading sideways at the price of $1,231.00. Anyway, according to the H4 time – frame, I have found bullish flag in creation, which is a sign that Gold is in a consolidation phase. My advice is to watch for a breakout of the bullish flag to confirm further upward continuation. The […]
Purchasing the pair will be the most profitable in the upcoming week. It is necessary to take into account the limited potential of the current price growth. The calculated resistance zone indicates the lower limit of the potential reversal zone. Wave pattern on the H4 chart: The current wave structure of this scale is ascending, […]
The dollar is trading in different directions and fluctuating against the euro and the yen in today’s extremely volatile trading session, as traders have already scanned the results of the midterm elections in the United States and presuppose a high probability of a political deadlock in the US Congress. Based on the first data, it […]
4h The EUR / USD currency pair consolidated above the correction level of 76.4% – 1.1422. As a result, on November 7, the growth of quotations can be continued in the direction of the next correctional level of 61.8% – 1.1497. Maturing divergences are still not observed in any indicator. Fixing quotations under the Fibo […]
It seems that the first results of the midterm elections to the American parliament have not yet had a noticeable impact on world markets. Asian trading floors show a positive trend on Wednesday morning. According to the first data of the midterm elections, the upper house of parliament, the Senate, remains under the influence of […]
GBP / USD The British pound on Tuesday, with a gradual weakening of the dollar index, grew by 55 points under optimistic comments from the British government on work on the issue on the Irish border. The price is growing steadily, without disturbing the balance in the direction of growth on a daily scale chart. […]
Trend analysis (Fig. 1). On Wednesday, the price will move up with the first goal of 1.3358 on the upper fractal, but before lunch, there is a high probability of downward rollback. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis […]
It is recommended that supporters of trading on a large scale of the schedule refrain from trading until the completion of the entire wave of correction. Intraday traders can make short-term instrument purchases. Wave pattern on the H4 chart: The last wave of this TF is included in the downward trend of the pair, observed […]
To open long positions on the GBP / USD pair, you need: The pound strengthened against the US dollar after the publication of the results of elections to the US Senate, announcing that the Republicans won. In order to maintain an upward trend, buyers need a breakdown of resistance at 1.3138, which will open the […]
The results of the midterm elections to the US Congress create a situation of a divided parliament, in which Republicans retain control of the Senate and the Democrats get a majority in the House of Representatives. The new balance of power creates significant difficulties for Trump in the development of tax reform. The probability of […]
Wall Street and Asian markets lost momentum after Democrats in the United States took control of the House of Representatives, gaining the opportunity to block political and economic decisions of President Donald Trump. However, what is happening had a positive effect on European stocks. Growth is expected here and the main European indices already confirm […]
Overview: The USD/CAD pair continues to trade upwards from the level of 1.3053.The pair rose from the level of 1.3053 (the level of 1.3053 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3140. Today, the first support level is seen at 1.3053 followed by 1.3003, while daily resistance 1 is seen […]
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 pair failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook turned to become bearish within the depicted H4 bearish channel to […]
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 […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1500. According to the H4 time – frame, I found that price made a breakout of the supply trendline in the background, which is a sign that buyers are in control. I have also found that price rejected from the support […]
This week, the formation of a local accumulation zone continues which does not violate the rising medium-term structure. Purchases from NKZ 1/2 1.3071-1.3061 must be kept on. Upward movement remains a priority which allows you to hold a long position. With the test of the last week maximum, it is necessary to transfer the purchases […]
In our previous analysis we explained that in the short-term prices seem to want to move higher as the technical setup favors a move towards 1.15-1.16. The longer-term trend remains bearish but in the short-term we have more signs of strength. Light blue dots – medium strength support Dark blue dots – maximum strength support […]
Gold price challenged resistance at $1,236 yesterday, it got rejected and pulled back towards the 61.8% Fibonacci retracement support. In our last analysis, I mentioned that as long as price is below $1,240, the chances of another pull back towards the 61.8% Fibonacci retracement remain high. Only a close and break above $1,240 would cancel […]
EUR / USD So this morning, the final results of the elections to the US Congress will be known. They began with the increased optimism of the Democrats as the preliminary surveys of consulting agencies predicted a victory for them. And even the dollar that weakened under this PR by 0.11%. Euro rose 18 points. […]
As expected, the Democrats have returned the House of Representatives from the hands of the Republicans, but in the Senate, the latter has an advantage. Although not all of the votes are counted, it is already known that the Democrats received at least 23 seats in the House of Representatives, taking over the majority in […]
Burning forecast 07.11.2018 EURUSD: A signal to trend up. The EUR/USD rate has broken the daily order level to the top of 1.1455 on the results of elections to the US Congress. On Thursday at 18.00 London time, the Fed decision on rates. We keep buying from 1.1455, stop 1.1410, target 1.1730. Alternative: Selling from […]
Trading plan 07.11.2018 The overall picture: Trump lost the lower house to the Democrats. Midterm elections to Congress were held in the United States. Republicans lost a majority In the house of representatives – but retained a majority in the Senate (and even strengthened it somewhat). Trump, of course, called the election a victory – […]
The elections to the House of Representatives and to 1/3 of the Senate are held today in the USA. Markets should wait for results. Theoretically, if the Democrats win the majority in the House of Representatives (in the Senate it will almost certainly be impossible for them to do this), actions should react in declines, […]
To open long positions for EURUSD, it is required: According to the results of the midterm elections, representatives of the Republican party will retain a majority in the US Senate. Despite the expected decline in the euro, which occurred after the announcement of the results, buyers quickly returned to the market. At the moment, the […]
When the European market opens, some Economic Data will be released such as German 10-y Bond Auction, Retail Sales m/m, Italian Retail Sales m/m, and German Industrial Production m/m. The US will also release the Economic Data such as Consumer Credit m/m, 30-y Bond Auction, Crude Oil Inventories, and Mortgage Delinquencies, so amid the reports, […]
In Asia, Japan will release the Leading Indicators, Average Cash Earnings y/y and the US will release some Economic Data such as Consumer Credit m/m, 30-y Bond Auction, Crude Oil Inventories, and Mortgage Delinquencies. So there is a probability that the USD/JPY pair will move with a low to medium volatility during this day. TODAY’S […]
Burning forecast 06.11.2018 The EUR/USD is waiting for an impulse. Today is the US midterm elections in Congress. The Fed’s decision on rates and monetary policy will be released on Thursday at 18.00 London time. The EUR/USD rate has formed a range – the upward movement looks more likely. We are ready to buy the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 117 p – 130 p – 276 p – 89p – 91p. The average amplitude for the last 5 days: 141 p (135 p). The pound continues not too strong, but a confident and almost recoilless upward movement against the background of a new wave […]
