4-hour timeframe The amplitude of the last 5 days (high-low): 94 p-55P-98p-77 p-85 p. The average amplitude for the last 5 days: 82 p (85 p). The EUR/USD pair ended the first trading day of the week with an attempt to resume a downtrend. Traders have tried several times to overcome the critical Kijun-sen line, […]
The euro strengthened its position after the release of data on the US economy for the 3rd quarter, which differed from experts’ forecast for the better, but turned out to be worse than the same indicator in the 2nd quarter of this year. Statements made by representatives of the European Commission on the Italian budget […]
The regulator of the Dutch financial markets (AFM) stated that it is preparing for a 20-fold increase in financial operations occurring on its infrastructure if Britain leaves the European Union in March without any agreements. AFM noted that, although banks are moving their operations to Frankfurt and Paris, and asset managers to Luxembourg and Dublin, […]
German Chancellor Angela Merkel will not run for the post of head of the Christian Democratic Union (CDU), which she has led since April 2000. She stated this today at a meeting of the Presidium of a political organization in Berlin. This message is transmitted by the n-tv and Welt TV channels, referring to high-ranking […]
According to a number of experts, at the moment, the cost of oil in the global market will depend on the strategy chosen by the United States and Iran. On Monday, October 29, oil quotes of reference varieties remain within the level fixed last Friday. However, despite the growth of Friday’s trading, at the moment, […]
Retail sales rose in September for the 11th consecutive month, but the growth rate slowed down compared to the previous month, which suggests that private consumption may not be strong enough to avoid a slowdown in economic growth. The data also showed an unexpected decline in exports in September, which led to a noticeable slowdown […]
According to experts, last week, there was an increased interest in gold among investors. It was caused by panic among the participants of the American stock market due to the massive sale of shares. The yellow metal has become a safe haven for market players, in which it is easy to save capital in conditions […]
Wave counting analysis: In the course of trading on October 26, the GBP / USD currency pair added just a few points. Thus, the pair presumably remains at the stage of constructing wave c as part of the three wave correction structure. As before, the news background will have a great influence on the market […]
Wave counting analysis: In the course of trading on Friday, the EUR / USD currency pair gained about 30 basis points, thus, there were reasons to assume the completion of the construction of wave 3, c. If this is true, then the increase in quotations will continue with targets located slightly above the Fibonacci level […]
Trend analysis (Fig. 1). On the weekly chart, the price will move down with the target of 1.2746, the support line (red thick line). Fig. 2 (weekly schedule). Comprehensive analysis: – Indicator analysis – down; – Fibonacci levels – neutral; – Volumes – up; – Candlestick analysis – down; – Trend analysis – down; – […]
Trading Plan 10/29/2018 The big picture: Focus on US data. Ahead is a week of important news on the US economy. As early as Monday at 13.30 London time, the inflation report on the RFE index, on Wednesday and Friday, employment reports for October. At the same time, the market keeps in mind the approach […]
Trend analysis (Fig. 1). To continue the downward trend, the price should overcome 1.1269, the support line (orange thick line), and then the path to the rolling back level of 61.8% opens, 1.1168 (yellow dashed line) Fig. 2 (weekly schedule). Comprehensive analysis: – Indicator analysis – down; – Fibonacci levels – down (yellow dotted line); […]
Wave pattern of the H4 chart: From mid-July, a downward stretched plane has been developed on the price chart. It is corrects the bullish wave of the daily scale. Wave pattern of the H1 chart: The wave of the wave of October 3. The first two parts (AB) are fully formed in the wave structure. […]
Trading recommendations: According to the Daily time – frame, I found that BTC finally managed to get out of the 12-day balance and confirm further downward movement. My advice is to watch for selling opportunities due to strong momentum on the downside. The downward target is set at the price of $6.318. Support/Resistance $6.138 – […]
Wave pattern of the H4 chart: On the graph of H4 timeframe, the ascending section beginning in August is on track. The wave has the potential to grow into a full correction of the previous trend section. Wave pattern of the H1 chart: The downward wave of September 21 forms a distinct zigzag on the […]
Recently, Gold has been trading sideways at the price of $1,229.05. Anyway, according to the daily time – frame, I have found many signs of a potential trend reversal. I have found doji, spinning top, and shooting star candles, which all suggest exhausted buyers and a potential response from sellers. I have also found the […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2836. Anyway, according to the daily time – frame, I have found a hammer candle (bullish) and rejection from the lower band (Bollinger band), which is a sign that selling looks risky. I have also found today that that higher high and higher […]
Overview: The USD/CAD pair has broken resistance at the level of 1.3000, which acts as support now. So, the pair has already formed minor support at 1.3000. The strong support is seen at the level of 1.2945 because it represents the weekly support. In the H1 time frame, the RSI and the moving average (100) […]
Overview: The AUD/USD pair faced resistance at the level of 0.7146, while minor resistance is seen at 0.7107 (Pivot point). Support is found at the levels of 0.7043 and 0.6980. Also, it should be noted that a daily pivot point has already set at the level of 0.7107. Equally important, the AUD/USD pair is still […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -74.9031 The currency pair GBP / USD has started a new trading week with a minimal correction. The five purple-colored bars of the Heikin Ashi indicator are quite […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -48.1691 The EUR / USD currency pair on Monday, October 29, launched a new round of the corrective movement, having failed to overcome Murray’s level of “2/8” – […]
Gold price continues to trade below the 38% Fibonacci retracement resistance at $1,240. Price is mostly moving sideways in the last few sessions without a clear break out to the upside and at the same time respecting support. Gold could continue higher towards $1,260 and I favor this scenario as long as we hold above […]
EUR/USD is challenging short-term resistance at 1.1420-1.1430. Price fell as low as 1.1335 last week and bounced back towards the 1.14 area. Trend remains bearish on a daily basis and we continue to see this upward move as a corrective bounce in a larger down trend. Black dots – medium strength short-term resistance Red dots […]
To open long positions on GBP / USD, you need: The main task of the buyers of the pound last Friday managed, which led to the breakdown and consolidation above the resistance level of 1.2823. As long as trading is conducted above this range, the demand for GBP / USD will remain, which may hit […]
4h The bullish divergence formed by the CCI indicator allowed the pair to turn in favor of the euro and return to the correction level of 76.4% – 1.1422. The end of the quotes from this Fibo level and the formation of a bearish divergence at the CCI indicator worked in favor of the American […]
4h On the 4-hour chart, the quotes of the GBP / USD currency pair fell to the correction level of 76.4% – 1.2813. Bullish divergence and inaccurate release of the pair from the Fibo level of 76.4% allow traders to expect a reversal in favor of the British currency and some growth in the direction […]
To open long positions on EUR / USD, you need: Euro buyers managed to return a number of positions after a weak report on US GDP growth in the 3rd quarter of this year. At the moment, the main task of the bulls is a breakthrough and consolidation above the resistance level of 1.1405, which […]
In line with market expectations, the Central Bank of Canada (Bank of Canada, BoC) decided to raise interest rates by 0.25 p.p. during the summary of the October meeting on monetary policy up to 1.75%, which is the highest level in ten years. However, the market’s attention was not focused on the hike itself, but […]
On Monday, market activity declined significantly. Bidders are waiting for the release of a large amount of economic data, which will be released this week. After the third quarter GDP figures were presented on Friday, although they were higher than the forecast, they still showed a noticeable decline compared to the previous period, the attention […]
USD / JPY pair On Friday, the Japanese yen fell by more than 100 points and broke the support level of 111.64, which is a signal level to decline towards 110.39, but the price fixing did not happen. According to the indicators at the moment, the price will once again attempt to attack the signal […]
