Trading Plan 10/19/2018 The overall picture: A turn towards the dollar. News in the morning: In the Chinese economy, signs of a slowdown have been noticed. While small, the growth in output has dropped from 6.6% to 6.5%. At the same time, China’s top officials in charge of regulating finance and markets made statements, promising […]
The US dollar continued to strengthen its position against a number of world currencies after the outcome of the failed EU summit on economic issues, as well as against the background of good fundamental statistics on the American economy. Yesterday afternoon, a report on the US labor market was published, as well as representatives of […]
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: -141.9747 The EUR / USD instrument on Friday, October 19, continues its downward movement. After it became known about the failure of the next negotiations between the EU […]
4h The bearish divergence of the MACD indicator allowed the pair to close below the correction level of 61.8% – 1.1497. As a result, on October 19, the process of falling quotations continues in the direction of the correctional level of 76.4% – 1.1424. Also today, bullish divergence is brewing at the CCI indicator. Its […]
4h On the 4-hour chart, the GBP / USD currency pair quotes consolidated below the correction level of 23.6% – 1.3067. Thus, the process of falling quotations can be continued on October 19 in the direction of the next Fibo level of 0.0% – 1.2662. There is a bullish divergence at the CCI indicator. The […]
To open long positions on GBP / USD, you need: The pound fell after the unsuccessful Brexit talks, as well as the cancellation of the November meeting between representatives of the UK and the EU. Long positions today can only be returned if the support level of 1.3002 is updated with the formation of a […]
The next failure of negotiations between the UK and the EU on the terms of the country’s withdrawal from the union seems to surprise no one, and the British currency and the euro indirectly remain hostages of this phenomenon. Following the summit of EU and UK leaders, J.C. Juncker stated that he “expects an agreement”, […]
EUR / USD On Thursday, the negative news on Brexit and the fall of the British pound became the main driver of the strengthening of the dollar and, in general, investors’ withdrawal from risk. The dollar index rose by 0.34%, the S & P 500 stock index lost 1.44%, the yield on 5-year US government […]
GBP / USD Another page in the sad story about Brexit was turned over yesterday by politicians in Europe and England. It was said in it that the extraordinary November EU summit on this issue was canceled due to the lack of progress in the negotiations. Prime Minister Theresa May has officially recognized the postponement […]
USD / JPY The yen got into a difficult political and technical situation. On Thursday, British Prime Minister Theresa May reported that the official date of the country’s withdrawal from the EU could be postponed a few months later due to the lack of agreement on the deal so far. The US stock index S […]
Analytical review on Gold, Silver, and oil According to Silver, we expect further development of the upward trend from October 11 after the breakdown of 14.73. At the moment, the price is in the zone of initial conditions. According to Gold, we are following the development of the ascending structure of September 28 and we […]
Dear colleagues. For the Euro / Dollar currency pair, we are following the downward structure of October 16 and we expect to continue downwards after the breakdown of 1.1425. For the currency pair Pound / Dollar, we are following the descending structure from October 12 and we expect the continuation of the downward movement after […]
To open long positions on EUR / USD pair, you need: All hopes for a deal between the EU and the UK during the EU summit did not bring results, which pulled the European currency down. At present, it is best to return to long positions after the formation of a false breakdown in the […]
Various factors put pressure on the euro including the problem of the Italian budget, the slowdown of the Chinese economy and the failure of the Brexit talks. Euro weakness allows dollar bulls to the test weekly EUR/USD lows without any extra effort. The bears of the EUR/USD pair were able to overcome the mark of […]
To open long positions on GBP / USD pair, you need: The situation with Brexit puts traders in a dead end. Long positions can only return today if the support level of 1.3002 is reached with the formation of a divergence on the MACD indicator, which will lead to a sharp increase and closure of […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1467. According to the M30 time – frame, I have found that fake breakout of yesterday’s low at the price of 1.1448, which is sign that sellers got trapped. I also found the bullish breakout of 3H balance, which is another sign of […]
Overview: The Swissy is still calling for strong bullish outlook today. The USD/CHF pair continues to trade upwards from the level of 0.9875. The pair rose from the level of 0.9875 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support 1 is seen at […]
Bitcoin has been recently broken below $6,500 after certain correction for a few days above it, poised to move higher in the coming days. Though the price broke below $6,500 area with a daily close, the break was not quite impulsive to sustain the bearish momentum. Moreover, the price has formed Bullish Divergence which is […]
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) […]
GBP/JPY has recently broken below the corrective range support area of 147.00 from where the price is expected to push lower in the coming days. As of the recent worse economic reports of GBP, in the meantime, JPY gained good momentum in the process which is expected to lead to further bearish pressure in the […]
USD/CHF has been quite impulsive with the bullish momentum recently which lead the price to reside at the edge of the 0.9980 area currently. Despite the recent struggles faced by USD due to worse economic results, CHF has been dominated quite well along the way. USD has been struggling with the economic results this week […]
SubMinuette (m30) Euro vs US Dollar Previous review from 10/15/2018 19:57 UTC + 03. ____________________ The development of the Euro major currency movement in the next two days, October 18-19, 2018, will be conditioned by working out of the levels of the equilibrium zone ( 1.1498 <-> 1.1513 <-> 1.1527 ) of the Micro forks. […]
Data from China were a slight disappointment, as GDP growth in the third quarter slowed to 6.5% y / y from 6.7% against the 6.6% forecast. In the commentary to the data, it was written that pressure on growth inhibition is growing in China. September retail sales increased by 9.2% y / y and industrial […]
The content of the FOMC minutes of the meeting for September 26, published on Wednesday evening, did not become a revelation for investors. Yet, the general tone was still slightly more aggressive than predicted. The markets reacted with a decrease in stock indices since they did not see signs of a likely decrease in the […]
Wave pattern of the H4 chart: The last wave of this scale is directed downward, completing the bearish wave of D1. Wave pattern of the H1 chart: On September 21, a new downward zigzag started in the direction of the dominant trend. In recent weeks, the correctional part (B) has been formed. Wave pattern of […]
Wave pattern of the H4 chart: The price movement on this scale is headed south in the direction of the dominant trend of the daily timeframe. The counter movement in the previous month does not go beyond the correction. Wave pattern of the H1 chart: The rising wave from August 15 reached the lower limit […]
GBP / USD pair The release of British inflation data and Angela Merkel’s statement about the high probability of Brexit without a deal resulted to a decrease of sterling by 67 points. The base CPI in September was 1.9% y/y against expectations of 2.0% y/y and 2.1% y/y in August. Total CPI decreased from 2.7% […]
The euro-dollar pair has not managed to break out of the price range of 1.1460-1.1620, although today the price has approached its lower limit. But the bulls again seized the initiative and did not allow it to gain a foothold in the 14th figure. However, the upward dynamics also did not receive its continuation, so […]
The British pound is trading in a narrow price range after the news on Brexit, which lead investors and traders to a greater impasse. Today, the Minister of Commerce Wilbur Ross urged the EU to begin an accelerated process of negotiations on a trade agreement with the United States, saying at a press conference in […]
So, the October summit in the EU, apparently, ended in failure. At least, the previously announced result could not be achieved: London and Brussels were again unable to agree and even canceled the November summit, where the signing of the historic deal was to take place. The parties do not see any sense in gathering […]
