We are looking for upside acceleration as red wave iii/ is developing towards 1.8345. Short-term we would like to see a break above minor resistance at 1.7557 as confirmation that red wave ii/ has completed and red wave iii/ is developing. Only an unexpected break below support at 1.7355 will revive the correction in red […]
We expect that support at 128.72 will be able to protect the downside for a new impulsive rally in blue wave (3) towards 136.84. Only an unexpected break below 128.30 will revive the correction in blue wave (2) and call for a dip closer to, but not below important support at 126.86. Short-term a break […]
When the European market opens, some economic data will be released such as Consumer Confidence and German PPI m/m. On the US dollar’s front, the US will present Richmond Manufacturing Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1521 Strong Resistance:1.1514 […]
In Asia, Japan will release the BOJ Core CPI y/y. On the US dollar’s front, the US will present Richmond Manufacturing Index. So, there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance 3: 113.30 Resistance 2: 113.08 Resistance 1: 112.86 Support 1: 112.58 […]
Of course, there was a lot of talk that the dollar is strengthening and the like, but if you look at the weekly charts, it appears that the turbulence was fun, but again it all came down to trampling on the spot. Indeed, the dollar looked very good for almost the entire week, but at […]
The pound paired with the dollar after a slight recovery has once again collapsed into the area of the 29th figure, reacting to the negative news background around Brexit. The immediate reason for the decline in the GBP/USD was the news that the deputies from the Democratic Unionist Party (DUP) together with the conservatives (or […]
The euro resumed its decline paired with the US dollar, as well as the British pound, which continues to remain under pressure amid uncertainty over Brexit. Italy responded with a clear “no” Today’s statements by the Italian government on the increase in public debt and budget deficit led to selling thee European currency, which rose […]
Against the background of an almost empty economic calendar, traders of the euro-dollar pair focused on Italy, whose authorities can not find a compromise with Brussels on the issue of the national budget. The information hype around this problem is somewhat contradictory, so the EUR/USD pair managed to reach the middle of the 15th figure […]
The British pound can not find solid ground in the political swamp. Brussels is ready to extend the transition period after March 2019, but the Conservative party resists. Theresa May is considering waiving her claims on the Irish border, but may therefore receive a vote of no confidence. Internal contradictions are so strong that the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 98 p-95 p-93 p-116 p-93 p. The average amplitude for the last 5 days: 99 p (103 p). If the European currency fell on the first trading day of the week, the British pound also fell. And it’s not about the Italian budget. A whole […]
4-hour timeframe The amplitude of the last 5 days (high-low): 67 p-55 p-85 p-78 p-102 p. The average amplitude for the last 5 days: 77 p (72 p). The first trading day of the new working week ended with a new fall for the EUR/USD pair, not too strong, but still. The price perfectly worked […]
Prospects for global growth in 2019 for the first time in a long time do not look the best. Experts believe that the trade conflict between the US and China, as well as the tightening of financial conditions, may cause a decline. In early 2018, optimism about the steady growth of the global economy was […]
David Lennox, an analyst at investment firm Fat Prophets, believes that in the future, the value of gold will receive support from accelerating inflation in the United States and weakening the US national currency. “Recently, the dollar has been showing high volatility. In addition, many investors leave the stock market. Under these conditions, gold is […]
To open long positions on GBP / USD, you need: The pound is declining against the background of big problems with the leader of the CDU and British Prime Minister Theresa May. The conservatives gave her 72 hours to resolve Brexit-related issues, otherwise, May would lose her post. The purchases should be counted only after […]
To open long positions on EUR / USD, you need: Buyers failed to cling to the resistance level of 1.1535, which led to the sale of the euro. The level of 1.1510 was also missed. Now, the task for the second half of the day is to return and consolidate above the resistance of 1.1515, […]
The movement of the euro and the British pound is becoming increasingly sensitive to geopolitical factors, such as Italian budget issues and Brexit negotiations, they have a more noticeable effect every day. The euro began a week of growth against the backdrop of a statement by the Italian Prime Minister that the government is ready […]
On Monday, October 22, global oil prices are moderately rising due to the high likelihood of reduced supply in the market. Such sentiments are due to the introduction of US sanctions against Iran’s energy sector, experts say. The cost of futures for North Sea Brent crude oil for December delivery rose to 0.3% to $ […]
According to some analysts, the price of a white metal, despite some decline, has a good chance of increasing. Experts remind that in the current year, silver has perfectly proved itself, successfully competing with gold. Experts believe that the active struggle was not in vain for the value of the metal with a white-silver tint. […]
Trading Plan 10/22/2018 The overall picture: The market is preparing the autumn trend. The currency pair EUR / USD showed a reversal upward, the pound returned to the range. The issue of the EU-Britain agreement, the main issue of the past week, is not resolved but postponed. In Britain, there is a softening of the […]
Trend analysis (Fig. 1). On the weekly price chart, it will move up with the target of 1.3258, the upper fractal. Fig. 2 (weekly schedule). Comprehensive analysis: – Indicator analysis – down; – Fibonacci levels – neutral; – Volumes – up; – Candlestick analysis – up; – Trend analysis – up; – Bollinger lines – […]
Euro buyers need a correction for a new wave of growth and a reversal of the trend. Eurozone current account balance has grown while sales in the secondary housing market of the United States declined again. The euro managed to rectify its position, which at the close of the day allowed the bears to capture […]
Wave pattern of the H4 chart: As part of a larger daily wave on the graph since July 19, a downward correction is formed. In its appearance, the wave structure is more like a stretched plane. The first 2 parts (A-B) are completely formed. Wave pattern of the H1 chart: In the structure of the […]
GBP / USD pair On Friday, on a positive account this time, rumors about Brexit helped the British pound to grow by 52 points. As reported, British Prime Minister Theresa May is ready to make concessions to the EU in order to conclude a trade agreement. Actually, the dollar became cheaper throughout the market against […]
Wave counting analysis: During the trading on Friday, the EUR / USD currency pair gained about 65 basis points. Thus, the estimated first wave in the future from the downtrend of the trend has completed its construction. If the current wave counting is correct, then the increase in quotations will continue for some time, after […]
To open long positions on GBP / USD, you need: Today, it is best to count on long positions in the pound after the formation of a false breakdown in the middle of the channel of 1.3052, with a rebound from the 30-day moving average. The main task of buyers will be a breakthrough and […]
To open long positions on EUR / USD, you need: For euro buyers, in order to maintain the upward trend, it is necessary to break and consolidate above the resistance level of 1.1535, which will allow us to expect continued growth, reaching last week’s highs in the area of 1.1573 and 1.1605, where I recommend […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -49.5259 The GBP / USD currency pair has also started to adjust, but the MA has not yet worked. On the night of Sunday to Monday, quite important […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: -12.3255 The EUR / USD instrument on Monday, October 22, corrected to a moving average line. Now, traders will expect either a rebound from the MA or overcoming […]
4h The double bullish divergence of the MACD and CCI indicators allowed the pair to make a U-turn in favor of the European currency and consolidation above the correction level of 61.8% – 1.1497. As a result, the growth process can be continued on October 22 in the direction of the correctional level of 50.0% […]
4h On the 4-hour chart, the GBP / USD quotes consolidated below the correction level of 23.6% – 1.3067, but after the formation of bullish divergence, a reversal was made in favor of the British currency and a return to the Fibo level of 23.6%. Fixing the rate on October 22 above the correction level […]
