Trading recommendations: According to the H4 time – frame, I found that Bitcoin is still in the short-term balance and that my last analysis is still active. The high of the balance is set at the price of $6.710 and the low of the balance is set at the price of $6.163. Most recently, I […]
Recently, the Gold has been trading sideways at the price of $1,226.00. Anyway, according to the H4 time – frame, I have found potential end of the downward correction (regular flat), which is a sign that selling looks risky. The short – term trend is bullish and my advice is to watch for a potential […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3124. According to the H1 time – frame, I found the breakout of the bearish flag and end of the upward correction (abc flat), which is a sign that sellers are in control. I also found that wave C didn’t break […]
Overview: The NZD/USD pair faces resistance at 0.6617, while strong resistance is seen at 0.6617. Support is found at 0.6543 and 0.6496 levels. Today, the NZD/USD pair continues to move downwards from 0.6617 level. The pair could fall from 0.6617 level to the first support around 0.6543. In consequence, if the NZD/USD pair will break […]
Overview: Bullish outlook. 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 0.9743 (61.8% Fibonacci retracement). According to the previous […]
Risk appetite in the markets improved after strong increases on Wall Street on Tuesday. The SP500 rose on Tuesday by 2.15%, which was the best day since April and a sign of ending the correction. A manifestation of sentiment improvement helps continue growth in Asia. Japanese Nikkei225 grows 1.1% and Chinese Shanghai Composite gains 0.2%. […]
USD/CAD has been quite impulsive, making bearish swings since it bounced off the 1.3050 area with a daily close. CAD has been the dominant currency in the pair. Despite higher volatility in the trend structure, CAD managed to sustain the bearish pressure in the pair against USD. USD has been struggling in light of recently […]
Mary Daly, the head of the FED of San Francisco and a member of the FOMC, spoke at the question and answer session. Her comments indicate that there are no signs to stop interest rate increases. Inflation is at the target, and the level of full employment has been exceeded in the labor market. The […]
According to the Russian media magazine Vedomosti, investors in the interview confirmed the authenticity of the circular sent in early September to the participants of the initial monetary offer of the TON. In the circular, the company informed that the platform’s Blockchain component is currently under development and is ready in 70 percent. Once launched, […]
EUR/JPY has been quite volatile and corrective at the edge of 130.00 area from where the price is expected to sink lower in the coming days. JPY has been the dominant currency in the pair for a few days. If the reports from the eurozone do not come up with strong economic results, further bearish […]
The corrective decline from 1.7929 has extended lower to test the support line. This support line is expected to be able to protect the downside and cause a new impulsive rally in blue wave iii towards 1.8030 and later even higher to 1.8369. We see a clear loss of downside momentum near the support-line, which […]
EUR/JPY is finally showing signs that the correction in blue wave (2) has come to an end with the test of 129.12. To confirm this is the case, we need a break above resistance at 130.51, the finally will confirm that blue wave (2) is complete and blue wave (3) towards 138.10 has started unfolding. […]
To open long positions on the GBP / USD pair, you need: The breakthrough of the resistance level at 1.3165, to which I paid attention in my morning review, led to a further increase in the pound. Now, testing of the support 1.3205 from top to bottom will be a good signal for the opening […]
Trend analysis (Fig. 1). On Tuesday, the price will move up with the first goal of 1.3258 on the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – up; – candlestick analysis – up; – trend analysis – up; – Bollinger lines – […]
Trend analysis (Fig. 1). On Tuesday, the market will move up with the first target of 1.15599 at 38.2% (blue dashed line), and it is only possible to continue the upward movement with the subsequent goal of the upper fractal 1.1612 if a breakout occurs on this level. Fig. 1 (daily schedule). Comprehensive analysis: – […]
No matter how hopeless against the background of a strong dollar at the beginning of October, the position of gold did not look, for an infinitely long time to ignore the favorable external background precious metal could not. Trade wars, the growing probability of slowing the GDP of China and the world economy, the uncertainty […]
Published data on the UK labor market again raised the importance of soft Brexit in the context of monetary policy prospects. Experts started talking about the fact that in the event of a deal, the Bank of England may raise the rate twice next year, and for the first time in February. Earlier, a later […]
To open long positions for EURUSD, it is required: The market situation has not changed compared to the morning forecast. Trading remains in the side channel of 1.1534-1.1605. The formation of a false breakout in the support area of 1.1569 occurred, which led to the resumption of demand for the euro, but the main task […]
4-hour timeframe The amplitude of the last 5 days (high-low): 105 p-117 p-79 p-66 p-111 p. Average amplitude over the last 5 days: 96 PT (97 p). The British pound opened today with a large “gap” down, but managed to close it during the day. In principle, the technical picture of the last two days […]
Today in the afternoon (approximately at 15:30 London time) Theresa May will make an important statement in Parliament on the progress of the Brexit negotiation process. This is an unplanned speech of the British Parliament to the deputies – they knew nothing about it in the morning, so the pound reacted to this news with […]
The past weekend changed the mood of traders in many ways, so some currency pairs opened with a gap. Basically, the British currency suffered – together with the dollar, it was back again in the 30th figure. But the euro also felt the consequences of an informative weekend, sifting in almost all pairs (except for […]
Neither the speech of the President of the European Central Bank Mario Draghi, nor good economic data on the eurozone saved the European currency from a downward correction paired with the US dollar. The decline in the euro, which was observed on Friday, led to the formation of a fairly important lower limit of the […]
Dear colleagues. For the Euro / Dollar currency pair, we are following the ascending structure of October 9, a pronounced movement is expected after the breakdown of 1.1628. For the pound / dollar currency pair, we expect a resumption of the uptrend after the breakdown of 1.3211. For the currency pair Dollar / Franc, the […]
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. 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 (1.1750). However, the EUR/USD bulls […]
Trading recommendations: According to the H4 time – frame, I found that Bitcoin is in short-term balance. The high of the balance is set at the price of $6.710 and the low of the balance is set at the price of $6.163. Most recently, I have found that successful rejection of the support at $6.313, […]
Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.3207. According to the H1 time – frame, I found the end of the downward correction (regular flat type 2), which is a sign that selling looks risky. My advice is to watch for buying opportunities. The upward […]
Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,232.00. According to the H4 time – frame, I found the end of the 30-day downward correction (abc flat) in the background, which is a sign that buyers are in control. Most recently, I have found a potential end of […]
The GBP/USD pair continues to move upwards from the level of 1.3170. Today, the first support level is currently seen at 1.3170, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3055, which coincides with the 61.8% Fibonacci retracement level. This […]
Overview: Pivot: 1.3003 The USD/CAD pair has broken resistance at the level of 1.3003, which acts as support now. So, the pair has already formed a minor support at 1.3003. The strong support is seen at the level of 1.3003, because it represents the weekly pivot. In the H1 time frame, the RSI and the […]
