To open long positions for GBP / USD, you need: Half a week, pound buyers tried to return to the market, but it seems that the pressure on the pound returns. It is best to consider long positions after consolidating above the resistance level of 1.3144, which will lead to a larger growth in the […]
The Fed meeting did not bring any surprises. As expected, the regulator raised the key interest rate by 0.25%, to 2.25%, setting the range of rates from 2.00% to 2.25%. The decision of the Central Bank was predictable and, what was important, fully integrated into the overall current strategy, which aims to smoothly cool the […]
Dear colleagues. For the currency pair Euro / Dollar, the continuation of the upward movement is expected after the passage at the price range of 1.1809 – 1.1829. For the Pound / Dollar currency pair, the price is close to canceling the downward structure from September 20, which requires a breakdown at the level of […]
Trading recommendations: According to the H1 time – frame, I found that price broke the bearish flag in the background, which is a sign that sellers are in control. The short term trend is bearish and my advice is to go with the trend. Watch for selling opportunities. The downward targets are set at the […]
On September 13, the GBP/USD pair was testing the depicted downtrend line which came to meet the pair around 1.3025-1.3090. Since then, the pair has been demonstrating a successful bullish breakout so far. This price zone (1.3025-1.3090) also corresponds to 50% and 61.8% Fibonacci levels. Currently, this price zone turned to become a prominent demand […]
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. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1750. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. However, […]
Recently, Gold has been trading downwards. The price tested the level of $1 193.95. According to the H1 time – frame, I found the breakout of the bearish flag (the end of an upward correction abc flat), which is a sign that sellers are in control. Most recently I found that a breakout of the […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1684. According to the M30 time – frame, I found the breakout of the descending triangle (bearish pattern), which is a sign that sellers are in control. The key support at 1.1723 retained firmly for long, but it couldn’t hold today. […]
This would suggest a bearish market because the moving average (100) is still in a negative area and does not show any signs of a trend reversal at the moment. Amid the previous events, the USD/CHF pair is still moving between the levels of 0.9689 and 0.9600, so we expect a range of 89 pips […]
Overview: The GBP/USD pair rose from the level of 1.3100 towards 1.3211 yesterday. Now, the current price is set at 1.3119. On the H4 chart, the resistance is seen at the levels of 1.3211 and 1.3298. Besides, the weekly support 1 is seen at the level of 1.3038. Today, the GBP/USD pair is continuing to […]
Gold price remains trapped inside the bearish channel and inside the trading range between $1,211-$1,190. Short-term trend remains neutral. Gold traders should be patient and wait for a breakout sign. Red lines – trading range Green lines – bearish channel Short-term resistance is at $1,203 and next at $1,211. Support is at $1,190 and next […]
EUR/USD had a volatile night as expected after the FOMC. Prices tried to move back above 1.18 but got rejected. We warned that another rejection at 1.18 would be a bearish sign. EUR/USD is now nearly 100 pips lower. Green line – important short-term support Dark blue dots – maximum strength support EUR/USD has touched […]
The Fed left mixed feelings, which makes it difficult for the currency market to take direction. Today in the morning EUR loses bad news from Italy; CAD is under pressure through prolonged NAFTA negotiations, and NZD has not received new guidelines from a neutral RBNZ. Today in the morning EUR is losing in connection with […]
The New Zealand Reserve Bank left the main OCR rate at 1.75%, and did not change its approach to its monetary policy. However, the global investors have learned some details about the future movements of the central bank. RBNZ expects that the interest rate will not be changed until 2020 inclusive. Both the increase and […]
The FOMC meeting ends with a rate hike up to 2.00-2.25$ and maintaining the current view on the prospects of the economy and the optimal shape of monetary policy. As expected, the fragment referring to the “accommodative” nature of monetary policy was removed from the statement. In that situation, the global investors expect another hike […]
The new report published by the Bank for International Settlements (BRM) showed a strong correlation between the prices of cryptocurrencies and novelties regarding the intervention of supervisors. According to the BRM report – an organization based in Switzerland consisting of 60 central banks – cryptocurrencies have close links with news about regulatory actions in different […]
What did the Fed say? Commentary on the decision on interest rates on September 26, 2018 The fed raised the rate by + 0.25%, from 1.875 to 2.125%, and gave a comment: The information received since the Fed’s meeting in August indicates that the labor market continued to strengthen and that economic activity increased at […]
To open long positions for EUR / USD pair, you need: Today, the Fed will announce its rate decision in the afternoon. Most likely, there will be no significant changes in the market, and trade will continue around the middle of the side channel at 1.1763. After raising rates on the part of the Fed, […]
The wave pattern of the H4 graph: The descending wave of the major pound from April 17 achieved the upper limit of the powerful zone of support for a higher timeframe. The wave structure looks formed. The wave pattern of the H1 graph: The potential of the rising wave from August 15 allows us to […]
Trading plan 26.09.2018 The overall picture: all the attention on the Federal Reserve. The attention of the market has completely shifted to the Fed. Everyone is waiting for the Fed rate hike at +0.25%, from 1.875% to 2.125% The Fed decision and the text of the statement at 18.00 London time. The latest report on […]
German public debt at the end of the second quarter of 2018 amounted to 1934.4 billion, or 2.3 percent. and 46.5 billion euros less than a year earlier – announced on Wednesday the German Federal Statistical Office (Destatis). This is all the claims against federal authorities, federal states, municipal entities and their associations, and social […]
Yesterday, Donald Trump proudly beat himself with a heel in his chest and was acclaimed that the American economy, under his sensitive guidance, shows simply magnificent results. Given the laughter in the assembly hall of the UN General Assembly, he was not particularly credited. After all, if they start talking about how wonderful everything is, […]
4h The third test for the strength of the corrective level of 100.0% – 1.1791 failed again. In addition to the rebound from this level of Fibo, a bearish divergence was formed in the CCI indicator, which also worked in favor of the US currency. As a result, on September 26, the process of falling […]
4h After the GBP / USD has rebounded from the correction level of 23.6% to 1.3067, the growth continues in the direction of the Fibo level of 38.2% – 1.3316. Already tonight, the presentation of the results of the meeting of the Federal Reserve System of the USA will take place, at which the rate […]
EUR / USD The euro closed yesterday’s growth by 19 points mainly due to the growth of the British pound, which added 60 points on a new rumor about the EU’s readiness to give Britain a free trade zone after leaving the bloc. The price continued consolidation in the range of 1.1750-1.1832. Economic data for […]
GBP / USD On Tuesday, the pound grew by 60 points due to information in the media about the EU’s readiness to give the UK a free trade zone after Brexit. Technically, the price growth formed the conditions for growth on the four-hour chart. The price went over the indicator lines of the balance sheet […]
Trading recommendations: According to the H1time – frame, I found that Bitcoin is in upward correction phase and that is trading in the upward channel. My advice is to watch for buying opportunities as long the upward trending is holding. The upward target is set at the price of $6.754. If you see a breakout […]
Recently, Gold has been trading sideways at the price of $1,198.00. According to the H1 time – frame, I found that upward correction potentially ended near the level of $1,203.60, which is a sign that buying looks risky. I also found the breakout of the upward trendline, which is another sign of weakness. My advice […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3189. According to the H1 time – frame, I found the strong breakout of the upward channel in the background, which is sign that sellers are in control. Most recently, I found the potential end of the upward correction (abc flat […]
Overview: On the one-hour chart, the USD/CHF pair continues moving in a bullish trend from the support levels of 0.6635 and 0.6616. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving […]
