To open long positions on GBP / USD pair, you need: The formation of the lower boundary of the rising channel yesterday doesn’t allow the growth of the British pound to continue today. Support was provided only in the area of 1.3032, which I paid attention to in my morning forecast. The main task of […]
To open long positions for EURUSD, it is required: Buyers failed to maintain an important support level of 1.1461, which I drew attention to in my morning review, which led to the continuation of the fall of the European currency. At the moment, the task of buyers of the euro will be the return and […]
EUR/USD On Monday, the euro fell by 30 points. It even managed to push through strong support from the coincidence of two lines – the indicator trend (Krusenstern) and the graphical downward price channel. Today opened under these lines, and this is a signal for further decline. The target of the decline is the peak […]
Bitcoin has been quite indecisive with the recent price action. The price jumped higher above $6,600 yesterday. Today, the price reversed its direction, dropping lower at same strength today. The overall trend momentum is seen as neutral in the current market situation. The price has been impulsive amid the bearish pressure, having a bearish Tenkan […]
In the first days of the trading week, the economic calendar of the foreign exchange market does not indulge traders with important statistics. Only on Wednesday and Thursday, there will be really significant reports. In Britain, they will publish data on GDP growth, and in the USA, the producer price index and the consumer price […]
Although the US had a day off yesterday, the dollar was able to resume its growth against the pound. This is largely due to the rebound after Friday’s growth of the pound, caused by extremely weak data on the US labor market. True, the European problems that have a negative impact on the single European […]
4-hour timeframe Technical data: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 91.0831 The currency pair GBP / USD on October 9 adjusted to the moving average line and bounced off it, resuming the upward movement. Thus, the correlation between […]
In the 4th quarter of 2018, the US Federal Reserve will increase the monthly balance reduction to $ 50 billion / month. Accelerating the rate of balance reduction can lead to a lack of liquidity and will contribute to the strengthening of the dollar in the short term, at least before summing up the results […]
4-hour timeframe Technical data: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -47.1642 Despite the fact that on the first working day of the week, no important macroeconomic data was available to traders, the day ended with the growth of […]
Although the USA celebrated Columbus Day yesterday and the Americans rested, the dollar resumed its growth. This is partly due to the continued market reaction to the problems of Italy caused by disputes over the budget deficit, public debt, as well as talk about the rejection of the single European currency. But there were also […]
4h After the formation of a bearish divergence, the EUR / USD currency pair fell below the correction level of 61.8% – 1.1497. However, the formation of a new bullish divergence allowed the pair to make a U-turn in favor of the European currency and a return to the Fibo level of 61.8%. Fixing quotes […]
4h The currency pair GBP / USD performed a slight drop after the formation of a bearish divergence at the MACD indicator. However, the pair quotes completed a new close above the correction level of 23.6% – 1.3067. Thus, the growth of the pair resumed in the direction of the correctional level of 38.2% – […]
Monday trading in the foreign exchange market was rather calm. The lack of news, both negative and positive, contributed to a certain reduction in tension, which has already become mundane for our time. The American dollar on the first day of the new week was trading in different directions. It declined slightly against the commodity […]
USD / JPY Despite all the efforts, the Japanese yen did not manage to consolidate above the trend line of the upward price channel (114.55), the reason for which was the fall of the stock market in the last 4 sessions. But the strength of the yen is definitely preserved. This is what Marlin’s oscillator […]
Dear colleagues. For the Euro / Dollar currency pair, the development of the downward structure of October 3 is expected after the price passes the range of 1.1431 – 1.1414. For the Pound / Dollar currency pair, we should expect the continuation of the ascending structure of October 4 after the breakdown of 1.3114. For […]
Minuette (h1) Euro vs US Dollar Previous review from 10/05/2018 11:08 UTC + 3. ____________________ Further development of the EUR / USD movement will be determined by the direction of the breakdown of the 1/2 Median Line channel borders (1.1463 – 1.1480 – 1.1495) of the Micro operational scale forks. The markup for testing the […]
Minuette (h1) Great Britain Pound vs US Dollar Previous review from 10/05/2018 11:07 UTC + 3. ____________________ The currency pair GBP / USD, at the time of the review, is in the range: > resistance level of 1.3105 (lower limit of the channel 1/2 Median Line Minuette); > support level of 1.3055 > the upper […]
The European currency continued to decline against the US dollar and a number of other world currencies, as many investors and traders fear that in the near future the leading rating agencies will lower the credit rating of Italy. Despite the fact that the Italian government bond market already partially takes into account the reduction […]
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 (recent bearish engulfing weekly candlestick). On September 10, the price level of 1.1500 offered temporary bullish recovery. A quick bullish movement was demonstrated towards the upper limit of the price range […]
Overview: Pivot: 1.2979 The GBP/USD pair fell from the level of 1.3056 towards 1.2950. Now, the price is set at 1.2959. On the H4 chart, the resistance is seen at the levels of 1.3056 and 1.3176. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.3000 and 1.2811 […]
Trading recommendations: According to the H1 time – frame, I found that Bitcoin is in a consolidation phase for the short term. My advice is to watch for a breakout of the resistance trendline to confirm further upward continuation. The take profit levels are set at the price of $6.659 and at the price of […]
Overview: The Kiwi (NZD/USD) pair fell from the level of 0.6539 to bottom at 0.6483 this week. Today, the NZD/USD pair has faced strong support at the level of 0.6483. So, the strong support has been already faced at the level of 0.6483 and the pair is likely to try to approach it in order […]
Recently, Gold has been trading downwards. The price tested the level of $1.182.50. According to the H4time – frame, I found a broken support trendline, which is a sign of weakness. I also found that price is trading inside of the downward channel, which is another sign of weakness. Watch for selling opportunities. The downward […]
Recently, the USD/JPY pair has been trading downwards. The price tested the level of 112.81. According to the H1 time – frame, I found broken Head and shoulders pattern in the background, which is a sign that sellers are in control. Most recently, I have found the bearish flag pattern in creation, which is another […]
On Tuesday there is no improvement in market sentiment, but the situation is not deteriorating. After a long weekend, Japan and Nikkei225 are coming back, but in Shanghai the stock exchange is stable. The fluctuations in the currency market are minimal. USD / JPY is just over 113 after descending to 112.80 at night. Nikkei225, […]
The creator of the Bitcoin protocol (BTC), Mark Friedenbach, presented the method of Bitcoin scaling at a workshop in Tokyo on October 5, which, according to him, will not require hard work. The new concept presented at the Scaling Bitcoin workshop, titled “Forward Blocks”, suggests a significant increase in chain performance by changing the Proof […]
EUR/NZD has spiked support at 1.7758 and the correction from 1.7929 does not look complete yet. The decline to 1.7929 likely only wave wave blue wave A and blue wave B to 1.7854 should now be expected before blue wave C of blue wave ii takes over and brings prices lower to 1.7705 with an […]
A strong break below 130.58 was not our preferred option. This break has more implication for our short-term count. as the decline to 129.49 meant our blue wave (4) is overlapping blue wave (1), which is not allowed under the EWP, so we have changed our short-term count and moved blue wave (1) to be […]
When the European market opens, some economic data will be released such as German Trade Balance. The US will release a couple of economic reports as well such as IBD/TIPP Economic Optimism and NFIB Small Business Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]
