The Asian stock market tried to increase at the opening of the week, but it failed to bring them back to the time Europe entered the game. Japanese Nikkei225 loses 0.2% and Chinese Shanghai Composite drops by 2.5%. In China, media information about tax incentives for strengthening consumption has not helped. USD / JPY can […]
EUR/USD Friday brought a surprise to the markets. Even two – one pleasant and expected, the second is not expected, especially the reaction of investors to it. GDP for the 3rd quarter showed 3.5% against the forecast of 3.3%, and this is an expected surprise, but investors began to actively close positions, trading volumes were […]
In the report “Q3 2018 XRP Markets Report” the company revealed that in the third quarter it sold XRP worth USD 163.33 million, more than double the amount of USD 73.53 million sold in the previous quarter. Sales volume in the third quarter corresponds to 0.172 percent of the total amount of XRP traded globally, […]
In the report “Q3 2018 XRP Markets Report” the company revealed that in the third quarter it sold XRP worth USD 163.33 million, more than double the amount of USD 73.53 million sold in the previous quarter. Sales volume in the third quarter corresponds to 0.172 percent of the total amount of XRP traded globally, […]
According to the official blog entry, the American crypto portfolio and Blockchain Security Company, BitGo, announced that it is developing a coin based on Ethereum supported 100% by Bitcoin. The announcement says that Wrapped Bitcoin will provide users with: […] a wide range of new decentralized use cases, including on decentralized exchanges. It will be […]
GBP/USD On Friday, the British pound grew by 13 points. The growth was stopped by the downward embedded line in the price channel. At the moment, the price is still testing this line with the support of the upward convergence on the chart of the lower timeframe. If the price manages to overcome this resistance, […]
On September 13, the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090 failed to offer enough bearish pressure on the pair. Since then, the GBP/USD pair has been demonstrating a successful bullish breakout so far. On September 21, the GBP/USD failed to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook […]
On Friday, November 26, the gold rate against the US dollar rose to a maximum since mid-July after the publication of weak quarterly reports of US companies this week, which had a strong negative pressure on the stock markets of the United States, Asia, and Europe. During yesterday’s trading, the index of the largest American […]
To open long positions on GBP / USD, you need: Pound buyers failed to get above the resistance level of 1.2829, which I paid attention to in the morning forecast, which led to further selling of the pound. Now, a serious divergence is forming on the MACD indicator, so it is possible to consider purchases […]
To open long positions on EUR / USD, you need: Euro buyers failed to return to the important resistance level of 1.1387, which I paid attention to in the morning review, which led to a further sale. Currently, the emphasis is on support level of 1.1337. The formation of a false breakdown in this range, […]
On Friday, October 26, it became known that the Royal Mint of Great Britain would not issue tokens secured with gold. Previously, it was assumed that this will happen in partnership with the Chicago Mercantile Exchange (CME). The initiative of the Royal Mint did not endorse the British government, which is cautious about any innovations […]
During the Asian session, the Australian dollar again tested the 70th figure after an unsuccessful attempt in early October. However, today “Aussie” failed to enter the 69th figure, but the general mood for the pair remains bearish. The Aussie came under strong pressure after a decline in the commodity market and an unexpected weakening of […]
According to The Wall Street Journal, major Chinese oil companies such as China National Petroleum Corp. (CNPC) and China Petrochemical Corp. will not buy Iranian oil next month. Recall, usually the Middle Kingdom imports about 600,000 barrels of Iranian oil per day. However, this month, the Chinese Bank of Kunlun, which specializes in conducting operations […]
The last two quarters were very hard for gold due to the strengthening of the US dollar position, the growth of the stock market and the increase in the real yield of government bonds. This week, the value of gold reached its maximum for the first time in three months amid turbulence in global stock […]
The dollar continues its steady ascent, and yesterday, it was helped not only by statistics, which turned out to be better than forecasts, but also by the results of the meeting of the European Central Bank. First, the statistics, as orders for durable goods did not decrease by 0.9%, as expected, but increased by 0.8%, […]
Wave counting analysis: During the October 25 trading session, the GBP / USD currency pair lost another 65 basis points and continued to build the proposed wave c within the three waves downward structure. A successful attempt to break through the level of 127.2% according to Fibonacci suggests that the pair is ready for a […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD currency pair lost another 20 basis points more and thus remained within the framework of the construction of the supposed wave 3, c. If this is indeed the case, the decline in quotations will continue with targets that are near the […]
Trading Plan 10/26/2018 The ECB did not provide any support for the euro. On Thursday, the most important event of the week took place, the ECB’s decision on interest rates. As expected, the ECB did not make any changes to the current policy, pumping the market with liquidity in the reduced to 17 billion euros […]
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: -129.4734 The currency pair GBP / USD yesterday during the day collapsed with a new force. The ECB meeting and the comments of Mario Draghi to the UK […]
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: -117.8720 The EUR / USD instrument on Friday, October 26th, continues its downward movement after the minimal upward correction. As we expected, no important decisions and statements were […]
To open long positions on EUR / USD, you need: The euro has come a long way down this week, and today, it’s best to look for long positions in the hope of a correction after the major support of 1.1337 has been updated, where profit taking on short positions may occur. The main task […]
4h On the 4-hour chart, the GBP / USD currency pair quotes were first consolidated below the correction level of 61.8% – 1.2905, and then rebound from it. As a result, the pair completed a fall to the Fibo level of 76.4% – 1.2813. On October 26, a bullish divergence emerged near the CCI indicator, […]
At the end of Thursday, the US dollar received significant support against major currencies. Moreover, even the safe haven currency decreased in relation to the “American”. Strengthening the dollar continues to be systematic. We have repeatedly pointed out earlier that there are too many objective reasons that support investor interest in the US currency. First […]
GBP / USD The British pound on Thursday fell by 63 points, entrenched under the nested trend line of the downward price channel, and now, its goal is 1.2622, supported by the subsequent line of the price channel. To push the pound to a further decline today, data on US GDP for the 3rd quarter […]
AUD / USD On Thursday, the Australian dollar against the common market ended the day with an increase, and even closed on the daily chart above the trend line of the price channel. Growth was halted by a four-hour balance line. This morning, the price could not stand this far from the right moment of […]
Dear colleagues. For the Euro / Dollar currency pair, we expect the continuation of the downward movement after the breakdown of 1.1344 and we consider the movement upwards as a correction. For the currency pair Pound / Dollar, we still expect a turn into a correction from the level of 1.2802. For the currency pair […]
Data released on the US economy in the second half of the day led to an increase in the US dollar against risky assets, including against the pound and the European currency. Considering that the European Central Bank expressed concern yesterday about the future rates of economic growth but did not reconsider its attitude toward […]
Eurozone The meeting of the ECB ended predictably, as they kept its forecasts almost unchanged, despite a decline in business activity, and as expected, the asset repurchase program will be curtailed by the end of the year. The ECB believes that some cooling in the economy is a temporary phenomenon, and the main concern is […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1349. Anyway, according to the M15 time – frame, I have found the fake breakout of yesterday’s low at the price of 1.1355, which is a sign that selling looks risky. I also found trading range between the price of 1.1355 […]
Bitcoin recently pushed higher quite impulsively towards $6,500 area but could not sustain the momentum resulting to rejection off the area with certain bearish pressure. The price having certain correction along the way formed Bullish Divergence which led the price to break above the dynamic levels like 20 EMA, Tenkan, Kijun, and Kumo Cloud as […]
