4h The currency pair GBP / USD continues the process of growth in the direction of the correction level of 38.2% – 1.3316 after the formation of a bullish divergence in the CCI indicator. The end of October 11 quotations from the Fibo level of 38.2% will allow traders to expect a reversal in favor […]
It seems that investors around the world are beginning to understand that not only the ten-year economic cycle comes to an end after the collapse of 2008, which could end with the start of a new recession, but that the instigation of US trade conflicts has already begun to bring this process closer. On Wednesday, […]
Dear colleagues. For the Euro / Dollar currency pair, the price is close to the cancellation of the downward structure of October 3, for which a breakdown of 1.1564 is necessary. For the Pound / Dollar pair, we should continue the upward movement after passing by the price of the range of 1.3181 – 1.3211. […]
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 (recent bearish engulfing weekly candlestick). On September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper limit of the price range (1.1750). […]
For the first half of the day, the dollar was not only doing well but keeps on trying to strengthen. Although the growth rate of industrial production in the UK accelerated from 1.0% to 1.3%, the pound at least had a reason for growth. But all the same, the dollar confidently gained points in anticipation […]
GBP / USD pair Yesterday, the UK showed weak economic indicators for August and the US stock market lost more than 3 percent. Yet, the pound took advantage of the general weakening of the dollar while investors were assessing the criticality of the moment. The British GDP for August showed zero growth against expectations of […]
Overview: The NZD/USD pair dropped from the level of 0.6540 to bottom at 0.6483 nowadays. Today, the NZD/USD pair has faced strong support at the level of 0.6483. So, the strong support has been already faced at the level of 0.6483 and the pair is likely to try to approach it in order to test […]
Overview: The AUD/USD pair faced resistance at the level of 0.7146, while minor resistance is seen at 0.7107. Support is found at the levels of 0.7043 and 0.6980. Also, it should be noted that a daily pivot point has already set at the level of 0.7107. Equally important, the AUD/USD pair is still moving around […]
EUR / USD pair Yesterday, strong mixed news came to the markets and there were a lot of them, including the aggravation of the situation around the Italian budget, the pessimistic IMF forecasts regarding the global economy, the fall in US government bond yields as a result of investor risk aversion and the news about […]
Gold price remains inside the trading range of $1,180-$1,210. Price is trying to make higher highs and higher lows. Bulls could see $1,220-40 area if we break above $1,207-11. Support so far is held but a break below $1,183 would be a bearish sign and could give Gold a push lower by at least 10$. […]
EUR/USD is showing more signs of strength as price is staying above 1.15. Short-term trend is about to change to bullish. EUR/USD has made a low very close to our target of 1.1420-1.14 and has reversed to the upside as we expected from our previous analysis. Red lines – bullish divergence EUR/USD formed a bullish […]
The main impact goes through the stock market with the index in Shanghai losing at some point 5.0%. Drops also affect the raw materials, but already on currency market nervousness is felt to a lesser extent. There is no one direct reason for market panic, or rather there is a fuss about China, high US […]
The Wednesday session was quite calm in terms of significant macroeconomic events. One of the most important publications was undoubtedly the revised data on the dynamics of the British Gross Domestic Product in September 2018. The latest Office for National Statistics data (UK statistics office) indicate that British GDP was 0.0% in September, compared to […]
The Wednesday session turned out to be tragic on Wall Street. All important indexes lost over 3% of the value: SP500 -3.29%, closing at 2,785 points Dow Jones Industrial Average -3.15%, closing at 25 598 points Nasdaq -4.08%, closing at 7,422 points For the first two indices, it was the largest one-day drop since February […]
The American technology giant IBM has officially launched a food tracking network, Food Trust, based on Blockchain technology. After 18 months of testing, the company disclosed this information in a press release. In the same communication, the corporation revealed that another large network – Carrefour – joins their ecosystem. A French company that serves more […]
The break above resistance at 1.7847 told us that the corrective decline from 1.7929 had completed prematurely and a new impulsive rally towards 1.8030 and 1.8369 should be unfolding. Despite our expectation of a new impulsive rally towards 1.8030, we should be aware of the possibility of a more complex correction unfolding, but the minimum […]
Of course, EUR/JPY needed one last dip to just below 129.31, and we have seen a low at 129.21. This last decline occurred amidst divergence indicating a clear loss of downside momentum. To confirm that the blue wave (2) finally has completed, we need a break above minor resistance at 130.50. Once a break above […]
4-hour timeframe The amplitude of the last 5 days (high-low): 129 p-79 p-66 p-70 p-71 p. The average amplitude for the last 5 days: 83 p (84 p). Finally, a more or less favorable fundamental background begins to take shape for the European currency. First, yesterday Donald Trump once again spoke in a negative way […]
Minuette (h1) Euro vs US Dollar Previous review from 10/08/2018 16:51 UTC + 3. ____________________ Further development of the movement EUR/USD October 10-12, 2018 will be determined by the direction of the range breakdown: -> resistance level of 1.1500 (lower limit of ISL38.2 equilibrium zone of the fork of the operational scale Micro); -> support […]
AUD/USD Yesterday’s struggle of the US dollar with its European rivals, as well as an equally exciting struggle in the commodity markets eventually led to a weakening of the greenback, an increase in commodity prices and, as a result, the growth of the “aussie” by 24 points. Today, the price has reached the embedded trend […]
USD/CAD is currently residing inside the resistance area between 1.2950 to 1.3050 area after recovering the previous bearish gap. CAD is struggling amid downbeat economic reports that encouraged USD strength. Today US PPI report was published as expected at 0.2% increasing from the previous value of 0.1% and Core PPI also met expectation increasing to […]
EUR/JPY has been impulsive and non-volatile amid bearish pressure which led the price to reside at the edge of 129.50 support area with a daily close. ON the back of positive reports from the eurozone, EUR managed to push the price higher today but could not sustain the momentum it had throughout the day. Today […]
To open long positions on EUR / USD pair, you need: Updating the lows of the week and a quick return back to the side channel indicates the presence of large European currency buyers in the market. Today, we can consider new long positions after a decline and a formation of a false breakdown in […]
Wave pattern on the H4 chart: An incomplete wave of this scale forms the last part of the downtrend trend on D1 timeframe. Wave pattern on the H1 chart: From September 21, a new downward zigzag wave appears on the chart. A high wave level of movement indicates a transition to a larger scale. Wave […]
The yield of 10-year-old treasures, Italian bonds and the rate of the Chinese yuan, all these fundamental factors play today the “first fiddle” in determining the motion vector of the euro / dollar currency pair. In turn, these factors depend on the negotiation process between Rome and Brussels, as well as the US-China relations. One […]
The pound rose again strongly against the US dollar and managed to reverse its downward trend formed after the next increase in interest rates in the United States. UK and Brexit Rumors and talks that the EU and the UK have made progress in the Brexit negotiations have once again supported us. Whether this is […]
4-hour timeframe Technical data: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 137.1769 The currency pair GBP / USD on October 10 continues to move up exclusively on rumors and expectations. In the near future, the UK will take a […]
4-hour timeframe Technical data: The senior linear regression channel: direction – sideways. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: 27.5011 The second trading day of the week was not much different from the first. The currency pair EUR / USD, having no fundamental support, started a new […]
4h The formation of a new bullish divergence on the current chart allowed the EUR / USD currency pair to make a new reversal in favor of the European currency and consolidation above the correction level of 61.8% – 1.1497. As a result, on October 10, the growth process can be continued in the direction […]
