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: -126.7267 The EUR / USD instrument on Thursday, October 25th, continues its downward movement. Today in the European Union, the results of the ECB meeting will be announced. […]
Wednesday turned out to be a busy trading day and decisive in many aspects. In particular, the political fate of British Prime Minister Theresa May was decided yesterday, as well as the prospect of the monetary policy of the Bank of Canada. In both cases, the intrigue remained, and hardly any of the experts could […]
The dollar continues to grow actively, and many factors contributed to this yesterday. Both macroeconomic statistics and political events clearly favored the dollar. Let’s start with European statistics which encouraged the market participants at first as preliminary data on business activity indexes in France showed a decline in the production index from 52.5 to 51.2, […]
USD/CAD has been quite volatile with the recent price action due to the recent rate hike in Canada. Higher volatility failed to create definite momentum for the pair. Despite an increase in the interest rates last week, CAD failed to assert its strength over USD. As a result, the pair is expected to trade with […]
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 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 […]
Trading recommendations: According to the H4 time – frame, I found that BTC is still trading inside of the trading range between the price of $6.456 (resistance) and the price of $6.319 (support). I also found that buying cliamx in the background, which is a sign that buying looks risky. My advice is to watch […]
Recently, the AUD/USD pair has been trading sideways at the price of 0.7080. Anyway, according to the H1 time – frame, I have found a potential double bottom pattern in progress, which is a sign that selling looks risky. The key support at the price of 0.7055 held successfully, which also indicates strength. I have […]
Overview: Yesterday, the NZD/USD pair dropped sharply from the level of 0.6542 towards 0.6563. Now, the price is set at 0.6520. On the H1 chart, the resistance of USD/CHF pair is seen at the level of 0.6542 and 0.6574. It should be noted that volatility is very high for that the NZD/USD pair is still […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1413. According to the H1 time – frame, I have found a bullish breakout of a 12-hour balance in the background, which is a sign that buyers are in control and that selling looks risky. I also found a piercing candle pattern in […]
Overview: Pivot: 0.7107 The AUD/USD pair faced resistance at the level of 0.7146, while minor resistance is seen at 0.7107. 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 […]
A break above 1.7557 will be a good first step to confirm the hidden divergence, while a break above resistance at 1.7554 should do the trick and confirm the impulsive rally towards 1.8345. R3: 1.7625 R2: 1.7598 R1: 1.7557 Pivot: 1.7515 S1: 1.7495 S2: 1.7475 S1: 1.7428 Trading recommendation: We are long EUR from 1.7495 […]
Gold has pulled back yesterday towards the break out area and back tested it successfully as prices bounced from the break out area and are now close to their recent highs. As we said yesterday we remain bullish as long as the price is above $1,220. Blue rectangle – support Red line – target The […]
The break below important support at 127.86 tells us that the decline in wave (E) can’t be complete with the test of 124.62 and more downside should be expected. Both the rally from 124.62 to 131.99 and the following rally from 124.90 to 133.13 have been three-wave moves indicating that they are corrective by nature […]
EUR/USD has broken below the critical support of 1.1450-1.1430 and has pushed as low as 1.1378. The price is now bouncing and I expect the previous support (now resistance) to be back tested. I expect prices to get rejected at this resistance area. Purple line – resistance Blue rectangle – resistance EUR/USD is bouncing towards […]
The plummets of the global stock market have wiped out this year’s profits from Wall Street, and the falls in Asia are not slowing down. But the currency market is still relatively calm. We see a slight rebound after yesterday’s USD appreciation. The SP500 index fell by 3.09% wiping out this year’s profits. Nasdaq crashed […]
Trend analysis (Fig. 1). On Wednesday, the price will move down with the first target of 1.2922 on the lower fractal. After breaking through this level, the next lower target is the support line (red thick line) at 1.2728. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; […]
The overseas drops took on some signs of panic. The SP500 index grouping the largest companies in the US fell by 3.09% on Wednesday, wiping out profits from the entire year, and the technological Nasdaq dropped by as much as 4.4%. The winner was the American dollar and American bonds also strengthened. Both assets are […]
Wave pattern of the H4 chart: The rising wave of August 15 sets the dominant direction in the short term. In the structure of the wave, the middle part (B) is nearing its end. Wave pattern of the H1 chart: The downward wave from September 20 is nearing completion. It looks like a standard plane […]
According to today’s financial media news from Japan, the Japanese Financial Services Agency (FSA) has given the local crypto industry a “self-regulatory” status, leaving supervision over the space of the Japanese Association for Virtual Currency Exchange (JVCEA). The FSA expects the self-regulatory body to lay down rules for the protection of clients’ assets, develop anti-money […]
Trend analysis (Fig. 1). On Wednesday, the market will move downward, with the first goal of 1417 on the support line (white thin line) and a strong news is expected to come out at 10.30. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – neutral; – volumes – down; […]
The members of the Committee for a vote of no confidence (“1922 Committee”) called British Prime Minister Theresa May “onto the carpet”, who today must speak to the conservative deputies. The results of the meeting of this Committee will be largely decisive for the prime minister – either she will remain in power or leave […]
Data released in the first half of the day on the composite index of supply managers of the eurozone, had a significant pressure on the euro, as they were worse than economists’ forecasts, and also showed a slowdown in economic growth. Despite the fact that the data were preliminary, the pressure on the euro increased, […]
The high demand for safe-haven assets allowed gold to break a crucial inverse correlation with the US dollar. For a long time, the precious metal was in the shadow of the US currency, but the favorable geopolitical situation and the breakthrough of the upper limit of the medium-term consolidation range of $1185-1215 per ounce allowed […]
The foreign exchange market, unlike the stock markets, froze in anticipation of the important events of this week – the publication of data primarily from the US and the results of the ECB meeting on monetary policy. Of course, today the Bank of Canada’s monetary policy decision will attract investors’ attention. The regulator is expected […]
Minute (h4) Euro vs US Dollar Previous review from 10/22/2018 12:18 UTC + 3. ____________________ The development of the movement of the single European currency, the EUR/USD pair, October 24-31, 2018 will be determined by the direction of the range breakdown: -> resistance level of 1.1435 (upper limit of ISL38.2 equilibrium zone of the fork […]
4-hour timeframe The amplitude of the last 5 days (high-low): 93 p-116 p-93p133 p-108 p. Average amplitude for the last 5 days: 108 p (99 p). In recent days, the British pound moves almost identically with the EUR/USD pair. In this case, we can not even say that the US dollar is more expensive, as […]
4-hour timeframe The amplitude of the last 5 days (high-low): 85 p-78 p-102 p-94 p-55 p. The average amplitude for the last 5 days: 83 p (83 p). The EUR/USD pair ended the third trading day of the week with another, highly expected, decline. For the last couple of days, the pair was moving like […]
On Wednesday, October 24, the US dollar index against a basket of six world currencies reached a peak in the last 9 weeks, after the euro fell amid disappointing economic data in the eurozone. As of 15:45 London time, the US dollar index rose to the level of 96.10, adding 0.40% from the beginning of […]
Trading Plan 10/24/2018 The overall picture: The market is preparing the autumn trend. The euro is under pressure on the euro. The EU over the Italian budget deficit and the Italian populist government violates EU rules limiting the maximum budget deficit. The EU, contrary to expectations, expressed tough disagreement with the Italian deficit. The second […]
