Bitcoin is still quite corrective and volatile, trading above $6,400 area with a daily close. The price is currently residing above the dynamic levels of 20 EMA, Tenkan and Kijun line. Besides, Chikou Span is currently held between the price lines. The current formation indicates further bullish pressure in the coming days. The price has […]
Today’s election in the USA is the main political event not only of the day, but also of the year. Typically, such elections do not exert strong pressure on the dollar or financial markets. The current situation is unique, so we should expect a violent reaction and surprises until the impeachment of the current president. […]
The purchasing managers’ index in October fell to a two-year low, as growing tensions in trade relations and new tariffs, along with growing political uncertainty, had a negative effect on exports and business optimism. At the same time, the European Central Bank was hoping for good news, as it plans to stop its asset purchase […]
This week, there should be two events that can determine the further movement of the US currency. We are talking about the upcoming elections to the US Congress and the next meeting of the Federal Reserve, which will be held on Thursday. It should be noted that the so-called “midterm elections” usually do not have […]
Data released in the first half of the day in the euro area, put pressure on the European currency, which did not allow traders to resume an upward trend in risky assets. The data indicates a high probability that the eurozone economy will again begin to show a slowdown in the 4th quarter of this […]
The US dollar strengthened its position against the euro and the British pound yesterday, but the uncertainty in the elections to the US Congress did not allow for the formation of a larger upward wave. Let me remind you that today, there will be midterm elections to the US Congress, which may in the short […]
Overview: The EUR/USD is still trading around the pivot point of 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 […]
The EM markets run along the precipice edge before the US midterm elections on Tuesday. The Democratic Party, according to polls, will gain control in the House of Representatives, while the Republican Party must retain a majority in the Senate. In such a scenario, risky currencies and currencies of developing countries can win, analysts of […]
The euro is losing ground relative to five of the seven major currencies, which continues the October trend for the single European currency, but in November. This week, the euro will not have support in the form of strong data for Germany or the Eurozone, but there is hope for a potential growth catalyst. This […]
The dollar slowed down after three consecutive weeks of growth, because investors are fully focused on the special elections in the United States, which could lead to volatility in world markets. Despite the sale of the dollar in the second half of last week, hedge funds have added their dollar reserves, making a bet on […]
The dollar held in tight ranges compared to its main competitors on Tuesday, investors are in no hurry to act in anticipation of the election results, the first serious test of Trump’s policy of tax breaks and trade protectionism. It is expected that the election to the US Congress will help the Democratic Party gain […]
Wave counting analysis: During the November 5 trading session, the GBP / USD currency pair gained about 20 basis points. Thus, the rising wave, which takes its beginning on October 30, continues its construction and takes on a long appearance. A further increase based on the news background and market expectations may lead to the […]
Wave counting analysis: During the trading on Monday, the EUR / USD currency pair gained about 20 basis points. Thus, there are reasons to assume the completion of the construction of the proposed wave 2 as part of a new upward trend, which can assume a three-wave structure. Thus, the increase in quotations can continue […]
Overview: The GBP/USD pair broke resistance, which turned into strong support at 1.2925. Right now, the pair is trading above this level. It is likely to trade in a higher range as long as it remains above the support (1.2925), which is expected to act as a major support today. Therefore, there is a possibility […]
World markets are frozen in anticipation of the results of midterm elections to the US Congress, as the outcome may significantly affect the prospects for the dollar. The most likely scenario is the loss of Republican control over the lower house and the retention of the minimum advantage in the Senate, only such a result […]
Trading recommendations: According to the H1 time frame, I found that the price broke the supply trendline in the background, which is a sign that buyers are in control. The recent high is also broken and this is another sign of strength. My advice is to watch for buying opportunities. The take profit is level […]
4h On the 4-hour chart, the GBP / USD currency pair resumed the growth process to a correction level of 61.8% – 1.3066. The end of the pair on November 6 from the Fibo level of 61.8% will allow traders to expect a reversal in favor of the US dollar and a slight drop in […]
Changes in the currency market are small with a slight advantage of risky currencies over USD and JPY. EUR / USD is a little over 1.14, and GBP / USD managed to get over 1.3050. USD / JPY set 4-week high at 113.42. Moods in the Asian stock market are mixed, as China’s slumps obscure […]
To open long positions for GBP/USD, it is required: Weak data on the PMI index for the UK services sector failed to scare off buyers of the pound, who now overcame the resistance level of 1.3031 and are seeking further in the area of 1.3085 with the main goal of reaching 1.3135, where I recommend […]
EUR / USD The first day of the week, and even on the eve of the elections to the US Congress, did not introduce any changes in the market. Even on the four-hour chart, the situation remained the same as yesterday. We can only repeat the previously described scenarios that can be implemented to a […]
To open long positions for EURUSD, it is required: Yesterday, euro buyers did not allow the downward trend to resume, after good data on the manufacturing sector in the US, and quickly returned the market to a neutral position after a breakthrough of an important level of support. At the moment, the main task is […]
EUR/USD pulled back towards 1.1350 and is now bouncing back above 1.14. In our previous analysis, I mentioned that a higher low towards 1.1360 is very possible and what bulls needed to see in order for a bullish pattern to be built. Now a break above 1.1440-1.1460 would confirm the bullish momentum. Light blue dots […]
Gold price pulled back towards the 38% Fibonacci retracement as expected. Gold price could be making a higher low now before the next leg up towards $1,260. Short-term trend remains bullish as long as we trade above $1,212. Magenta – rectangle – major support area Green lines – expected path So far Gold price is […]
The main event of the Asian session was the decision of the Reserve Bank of Australia on monetary policy. There were no major surprises. As expected, the RBA left interest rates unchanged at the level of 1.50%. Their low level still supports the economy and global investors can see an improvement in unemployment, a gradual […]
Dear colleagues. For the Euro / Dollar currency pair, the upward structure of October 31 is expected to develop after the breakdown of 1.1424. For the Pound / Dollar currency pair, we should continue moving upwards after the breakdown of 1.3090. For the currency pair Dollar / Franc, the situation is in equilibrium and the […]
According to research carried out by a group of analysts from Northeastern University and the University of Maryland, the lack of diversity in smart Ethereum contracts poses a threat to the entire Blockchain Ethereum ecosystem. The document entitled “Analyzing the topology of Ethereum contracts” claims that most of the smart Ethereum contracts are “direct or […]
At the end of last week, there was a strong growth of the pair, which led to the implementation of the priority upward model. Any decrease at the beginning of the current week is corrective and allows you to search for favorable prices for the purchase of an instrument. Today, the pair is trading within […]
Speaking at a press conference on the increase in household debt, chairman Anatoly Aksakov expressed his conviction that the government will create a stablecoin related 1: 1 with ruble. The national cryptocurrency would be secured with a bank deposit at a certain amount. Then, the bank institution is to emit the right amount of cryptographic […]
We still favor a final stab lower to 1.7010 to complete the five wave decline from 1.7929 and to set the stage for a corrective recovery towards the 1.7555 – 1.7585 resistance-zone. Short-term, we expect minor resistance at 1.7175 will be able to cap the upside for the expected final spike lower to 1.7010 to […]
Minuette (h1) Euro vs US Dollar Previous review from 02.11.2018 13: 57 UTC+3. ____________________ The movement of the single European currency EUR/USD 06-09 November 2018 will be developed depending on the direction of the breakdown of the boundaries of the channel 1/2 Median Line (1.1375 <-> 1.1395 <-> 1.1410) micro operational scale fork. Marking options […]
