Gold price continues to trade around $1,200. Price has been trading between $1,211 and $1,190 for nearly a month now. Trend is neutral in the short-term although price remains inside the bearish channel. Green lines – bearish channel Red lines – trading range Short-term resistance area is at $1,205-$1,211. A break above this level will […]
EUR/USD continues to trade near its highs above 1.17 but below the 1.18 area. Prices tried to push back above 1.18 yesterday only to meet selling pressures and resistance. Volatility is expected to rise tonight after the FOMC announcement. Blue line – support Red line – support Blue dots – medium strength support Dark blue […]
The foreign exchange market has been a little quieter in anticipation of the Fed’s evening decision. On the Asian stock market we have more volatility with returning to trade after the holiday break. Oil is under slight pressure following the negative overtone of API. USD and other currencies keep narrow ranges of fluctuations because the […]
4-hour timeframe The amplitude of the last 5 days (high-low): 54п – 117п – 163п – 222п – 104п. The average amplitude over the past 5 days: 132p (131p). The British pound sterling on Tuesday also moved on pure technique. New data on the progress of negotiations on Brexit did not appear during the day. […]
The wave pattern of the H4 graph: The direction of the short-term trend of the pair is set by the bearish wave of May 9. In a larger wave, it corrects the first section of the trend. The wave pattern of the H1 graph: The wave of July 17 forms the final part (C) in […]
Trend analysis (Figure 1). On Tuesday, the movement down continues with the first goal of 1.1705, which is the support line (white thin line). From this level, the upper movement is possible. At 14.00 London time, there was strong news. Fig. 1 (daily chart). Complex analysis: – indicator analysis – down; – Fibonacci levels – […]
Yesterday’s performance of Mario Draghi pretty excited the market participants, which is perfectly apparent from the way the single European currency tried to demonstrate rapid growth. The head of the ECB said that he expects inflation to increase, thereby hinting that the program of quantitative easing is still curtailed. However, judging by how quickly the […]
To open long positions for GBP/USD, it is required: Buyers of the pound held the support level of 1.3098, which I paid attention to in my morning review and formed a false breakout on it, which was a signal to buy. Now their main goal is to break and consolidate above the resistance of 1.3164, […]
To open long positions for EURUSD, it is required: Markets are gradually taking a break ahead of tomorrow’s meeting of the Federal Reserve, which is expected to raise interest rates in the United States. Buyers of the euro coped with the level of 1.1763 in the morning, and while trading is above this range, the […]
To open long positions for GBP / USD, you need: Buyers showed themselves in the support area of 1.3098, which I paid attention to in my review yesterday. While the trade is going above this range, demand for the pound will remain, and the first goal will be the highs of yesterday’s 1.3164, where I […]
4h The second test of the correction level of 100.0% – 1.1791 for the EUR / USD currency pair also ended with a rebound and a reversal in favor of the US currency. Thus, a new drop in quotations began in the direction of the correctional level of 76.4% – 1.1675. Also yesterday, the bearish […]
4h The currency pair GBP / USD, after dropping from the correction level of 23.6% – 1.3067, worked in favor of the British currency. However, today, September 25, the fall in quotations may be resumed, and the pair may return to the Fibo level of 23.6%. Fixing the quotes under the correction level of 23.6% […]
China’s announcement that it is suspending the negotiation process with America on customs duties has returned investors to the ground, as it showed that before the conclusion of the trade agreement between the two largest economies in the world, it is still very far away and it seems that the parties have not yet reached […]
On Monday, the next US measures to equalize the trade balance with China came into effect. Duties on Chinese imports of $ 200 billion increased by 10%, from January 1, 2019, they will be increased to 25%, while the products of American companies, in particular, Apple, are excluded from the duties. China is expected to […]
EUR / USD On Monday, the euro tried once again to work out the upper limit of the range of 1.1750-1.1832, but it did not succeed and the closing occurred under the lower boundary of the range. The reason for the active movement was Mario Draghi’s remark about the optimistic prospects of the labor market. […]
GBP / USD On Monday, the British pound closed the day with a 45-point rise. The investors hurried to re-position contracts before tomorrow’s decision of the Fed on the rate. Also, the government rushed to refute the rumor about the resignation of Prime Minister May before England withdrew from the EU. The price increase was […]
USD / JPY The yen was able to overcome the resistance of the trend line of the downward price channel on the daily chart. Despite the fact that yesterday in Japan was a holiday. The double divergence of the price and the oscillator on the four-hour chart did not take place. Instead, there was a […]
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, we follow the formation of the downward structure from September 20 and at the current moment, the price is in […]
To open long positions for EUR / USD pair, you need: Buyers are again required to return to the resistance level of 1.1767, which is the middle of the side channel. The breakthrough of this range, which took place yesterday after the ECB President Mario Draghi’s speech, will once again bring the euro back to […]
EUR/JPY has been quite impulsive with the recent bullish gains which led the price to reside above 132.00 area with a daily close. JPY has lost footing against EUR despite mixed economic reports from the eurozone. BOJ is currently keeping its monetary policy without any notable changes or rate hikes that is expected to lead […]
Trading recommendations: According to the H1 time – frame, I found potential end of the 20-day upward correction (expanded flat), which is a sign that buying looks risky. I also found that prrice rejected from the Fibonacci expansion 161.8% at the level of $6.783. My advice is to watch for selling opportunties on the rallies. […]
GBP/USD has been quite indecisive and volatile recently while residing above 1.3050 area with a daily close. GBP has been holding the upper hand in the pair, while USD gained certain impulsive momentum recently just ahead of the federal funds rate hike this week. Today on the GBP side, MPC Member Vlieghe spoke about the […]
Recently, Gold has been trading sideways at the price of $1,199.75. According to the H1 time – frame, I found the potential end of the upward correction (abc flat-zig zag), which is a sign that buying at this stage looks risky. I also found that the most recent upward correction is just a potential part […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3160. Anyway, according to the M15 time – frame, I found a breakout of the intraday support trendline, which is a sign that buying looks risky. I also found a hidden bearish divergence on the LBR 3/10 oscillator, which is another […]
Overview: The USD/CAD pair will continue rising from the level of 1.2927 in the long term. It should be noted that the support is established at the level of 1.2927 which represents the daily pivot point on the H1 chart. The price is likely to form a double bottom in the same time frame. Accordingly, […]
Overview: The market is still trading above the major support of 0.9651. It continued to move downwards from the level of 0.9689 to the bottom around 0.9651. Today, the first resistance level is seen at 0.9728 followed by 0.9776, while daily support 1 is seen at 0.9651. The USD/CHF pair broke support which turned to […]
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, […]
On September 13, The GBP/USD pair was testing the depicted downtrend line which came to meet the pair around 1.3025-1.3090. 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 zone to […]
Gold price continues to trade around $1,200. Price bounced off the $1,192 low towards $1,203 as a back test of the broken resistance and got rejected. Gold bulls need to break above $1,211 for a move higher. As long as price is below that level, they are in danger of seeing another sell off. Red […]
EUR/USD remains in a bullish trend. Price pulled back yesterday towards 1.1730 for a back test of the break out area that is now support. Prices moved higher towards 1.18 as expected but ended the day back below 1.1760. EUR/USD bulls need to break yesterday highs. Red line – neck line support Blue line – […]
