What looked like the development of a triangle, was quickly destroyed. With the break below minor support at 1.7712, a final dip closer to 1.7594 remains possible before the next impulsive rally occurs towards 1.8030 on the way higher towards 1.8369. Only a direct break above minor resistance at 1.7783 will indicate that red wave […]
We have now seen the expected break above 131.11, which indicates more upside pressure towards 131.99 on the way to the longer term target at 136.50. Support is now seen at 130.66 and again at 130.28. The later needs to protect the downside or else a small expanded flat is developing and a dip to […]
USD/CAD bounced nicely off its support level at 1.2969 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance level at 1.3010 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is bounced off its support level at 3.5% where a corresponding rise could occur. USD/CAD bounced […]
The oil market is no stranger to living in a constant state of tug of war. If last year it was about reducing OPEC production, on the one hand, and increasing the production of oil in the United States – on the other, now only the actors have changed. Since the announcement of US sanctions […]
The pound/dollar pair on the weekly chart approached an important resistance level of 1.3160 (the average line of the Bollinger Bands indicator on W1), an overcoming of which will open the way for the bulls of the pair to the 33rd figure – to the lower border of the Kumo cloud. Also, the weekly timeframe […]
Bitcoin has been quite volatile and counter impulsive today after the strong bearish momentum which started after the price had been rejected off the $6,500 area with a daily close. The price is currently residing near the 50% retracement area of the previous impulsive bearish momentum and from where the price started to push lower […]
Dear colleagues. For the EUR / USD pair, the continuation of the movement upward is expected after the breakdown of 1.1696. We consider the movement downwards as a correction. For the GBP / USD pair, there is a high probability of movement into the correction from the upward structure. For the USD / CHF pair, […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3170. Anyway, according to the H1 time frame, I found rejection of the yesterday’s high at the price of 1.3164, which is a sign that buying looks risky. I also found the hidden bearish divergence on the 3/10 oscillator and bearish […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1717. Anyway, according to the M30 time – frame, I found rejection of resistance 1 at the price of 1.1713, which is a sign that buying looks risky. Besides, the price rejected from the upper Keltner band (resistance) and there is […]
The recent bullish movement of the EUR/USD pair ceased to be dominant since August 28. Lack of enough bullish momentum is demonstrated on the chart so that recent movement has turned into sideways consolidations. Earlier today, obvious bearish rejection was demonstrated around 1.1717. This allowed the current double-top reversal pattern to be demonstrated on the […]
The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800 The GBP/USD pair was recently testing the depicted downtrend line which came to meet the pair around 1.3025-1.3090. This week, the pair has been demonstrating a successful bullish breakout so far. This […]
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 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. On […]
EUR/USD has managed to push above 1.17 as expected. We have been calling this pull back to 1.1620 as a back test of the break out and the bounce back to 1.17 confirms this bullish view. Now EUR/USD faces big medium-term resistance ahead, critical for an extended rise to 1.19-1.20 or a full-scale reversal to […]
Gold price tried to push move higher but price only managed to make a lower high at $1,206. A break above this level will be a bullish signal that will most probably bring price to the short-term resistance of $1,210-11. A break above this level will push Gold towards $1,220. Green upward sloping trend line […]
The euro and the pound rose on Monday against the US dollar, offsetting a significant portion of the losses that were made in risky assets on Friday last week in the afternoon. Brexit and the next hearing One of the news, or rather rumors that could support the pound and the euro today, were new […]
On Tuesday, the 18th of September, the event calendar is light in important events, so today’s session promises to be not very exciting. Apart from Mario Draghi’s speech at 08:15 am GMT, not much will happen. But the night was interesting as Donald Trump announced a 10% duty on Chinese goods with a total value […]
According to the local IT Web magazine, the new finance minister Zimbabwe said that the country should adopt Bitcoin at the state level in a similar way to Switzerland. Referring to the “investment and understanding” of Bitcoin by the Swiss central bank, Mthuli Ncube said he would call the Reserve Bank of Zimbabwe (RBZ) to […]
The information picture of Monday is quite diverse. On the one hand, Trump, who threatens to introduce new tariffs on Chinese imports, and on the other hand, the ECB, whose representatives continue to demonstrate an optimistic attitude. Despite the inconsistency of the fundamental background of the EUR/USD, traders still prefer the European currency, which allowed […]
USD / JPY pair In the past two trading days, the yen added more than 80 points and almost reached the MACD trend line on the daily chart. Today is a holiday in Japan and investors completed the week on an optimistic note. But the situation on the stock market and the overall political situation […]
The wave pattern of the H4 chart: The price of the pair since June 21 moves according to the algorithm of the rising wave. In the daily chart, it formed an incorrect correction type. The wave pattern of the H1 chart: The last hour wave from August 15 completes a larger upward construction. The price […]
The wave pattern of the H4 chart: The last section of this scale from May 29 enters the structure of the dominant trend wave. The price is at the bottom edge of a wide zone of resistance. The wave pattern of the H1 chart: Since July 19, a bearish wave zigzag is forming downward. In […]
Trading plan 17.09.2018 The overall picture: The market turned to the US. Last week, European currencies tried to organize growth against the dollar, but the decisions of the ECB and the Bank of England did not provide fuel for growth – there were no hints of tightening monetary policy. The US authorities once again promised […]
The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800 The GBP/USD pair is currently testing the depicted downtrend line which comes to meet the pair around 1.3025-1.3090. This price zone (1.3025-1.3090) corresponds to 50% and 61.8% Fibonacci levels where evident bearish […]
On the weekly chart, the EUR/USD pair is demonstrating a Head and Shoulders pattern where the right shoulder is currently in progress. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. On the daily […]
Trading recommendations: According to the H1 time – frame, I found that BTC price rejected from the lower Keltner band at the price of $6.377, which is a sign that selling looks risky. I also found that price is trading inside of the trading range between the $6.312 (support) and the price of $6.457 (resistance). […]
Recently, Gold has been trading upwards. The price tested the level of $1,198.20 (daily pivot). According to the M30 time – frame, I found a hidden bullish divergence on the the 3/10 oscillator in the background, which is a sign that selling looks risky. I also found that price rejecting from the upward trendline, which […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3117. According to the M30 time – frame, I found series of the higher highs and higher lows, which is sign that buyers are in control. I also found the breakout of the Keltner upper band at 1.3100 in the background […]
Trend analysis (Figure 1).On the weekly chart, the price closed above the recession level of 23.6% (blue dotted line). This week, the market can continue to move up, with the nearest target of 1.1735, the upper fractal. Fig. 2 (weekly chart).Complex analysis:- Indicator analysis – up;- Fibonacci levels – up (blue dotted line);- Volumes – […]
24-hour timeframe Approximately the same picture we see in the pair GBP / USD, although the main currency pairs moved recently is not identical. The price has reached the upper boundary of the cloud Ichimoku and has not yet been able to gain a foothold above. Therefore, in this case, the chances of resuming the […]
24-hour timeframe The beginning of the week promises to be very interesting in terms of macroeconomic data, although there will not be too many of them. On Monday, the consumer price index will be published in the euro area. On Wednesday, Mario Draghi, the chairman of the ECB, will make a speech, which recently rarely […]
