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 […]
4-hour timeframe The amplitude of the last 5 days (high-low): 66 p-111 p-98 p-95 p-93 p. The average amplitude for the last 5 days: 93 p (90 p). The British pound on Thursday, October 18, fell to the lower limit of the Ichimoku cloud, but could not overcome it on the first attempt. However, at […]
4-hour timeframe The amplitude of the last 5 days (high-low): 81 p-77 p-67 p-55 p-85 p. The average amplitude for the last 5 days: 73 p (69 p). On Thursday, October 18, the EUR/USD pair as a whole continues to move down. The key news of the day was the cancellation by the EU leaders […]
Yesterday, traders closely followed the minutes of the last meeting of the Federal Reserve System, the publication of which led to the strengthening of the US dollar against a number of currencies, since the main emphasis was placed on the need for further increases in interest rates. The minutes of the meeting indicated that the […]
Wave counting analysis: During the October 17 trading session, the GBP / USD currency pair fell by 75 basis points, so the expected wave 2 takes the 3-wave form and continues its construction. If this is true, then the decline will continue with targets located near the calculated levels of 61.8% and 76.4% Fibonacci. An […]
Wave counting analysis: During the trading on Wednesday, the EUR / USD currency pair lost about 75 basis points. Thus, taking into account these losses, the conclusion suggests itself that the construction of the proposed wave b is completed. If this is indeed the case, the decline in quotations will continue with targets located under […]
To open long positions on GBP / USD, you need: Buyers will try to form a false breakdown at the support level of 1.3083, which will lead to an upward correction in the pound with an update of the resistance level of 1.3119. However, the main goal will be the breakdown and consolidation above the […]
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: -138.9756 The GBP / USD currency pair continues its downward movement in anticipation of the announcement of the EU summit results. Meanwhile, European Parliament President Antonio Tajani […]
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: -210.2490 The EUR / USD instrument on Thursday, October 18th, continues its downward movement, as indicated by the blue bars of the Heikin Ashi indicator. The pair did […]
As expected, the dollar strengthened yesterday. True, somewhat stronger than expected, but this was facilitated by extremely weak data on inflation in the UK, as price growth slowed from 2.7% to 2.4%, while it expected growth to 2.8%. Such pitiable results perfectly complement the content of the minutes of the Bank of England meeting, which […]
To open long positions on EUR / USD, you need: The euro continued to decline after the publication of the Fed’s protocols, which explicitly stated the need for further rate increases. In the first half of the day, it is best to return to the false breakdown from the support level of 1.1482 or to […]
4h The bearish divergence of the MACD indicator allowed the pair to eventually fall to the correction level of 61.8% – 1.1497. Reversing the quotations from the Fibo level of 61.8% will allow traders to count on a reversal in favor of the European currency and some growth in the direction of the correction level […]
4h After the formation of a bearish divergence at the CCI indicator, the GBP / USD quotes continue to fall in the direction of the correctional level of 23.6% – 1.3067. Rebounding the pair from the Fibo level of 23.6% will make it possible to expect a turn in favor of the British currency and […]
Following on Wednesday, the US dollar, as we expected, received support against major currencies. The main reason for this is the published minutes of the September Fed meeting. The US currency appreciably added, primarily against the euro and the British pound. On the one hand, supported by the content of the minutes of the Fed’s […]
EUR / USD Political instability in Europe and the Middle East continues to expand, which favorably affects the dollar. The European Commission rejected the draft budget of Italy for 2019, Angela Merkel said that Germany is preparing for a tough Brexit, the US is considering imposing sanctions against Saudi Arabia over the murder of a […]
Analytical review of 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 currency pair Euro / Dollar, the price is close to the abolition of the rising structure of October 9, for which a breakdown of 1.1478 is necessary. For the currency pair Pound / Dollar, the price has issued the expressed initial conditions for the downward movement of October 12 in a […]
EUR/AUD has been quite impulsive, making bearish price swings. This dynamic is currently leading the price towards support area between 1.5900 and 1.6050. The eurozone has already provided a lot of downbeat economic reports recently that allowed AUD to gain momentum over EUR. As a result, this might continue to push the price much lower […]
Trading recommendations: According to the H4 time – frame, I found that Bitcoin is balancing at the price of $6.405. Anyway, I found that a potential ascending triangle (bullish pattern) is being in progress, which is a sign that buying is a preferable strategy. My advice is to watch for a potential breakout of resistance […]
