Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]
Overview: The NZD/USD pair is moving around the spot of 0.6891 (daily pivot point). It should be noted that the resistance is established at the level of 0.6891 which represents a pivot point. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.6860. The price has been in […]
Overview: The USD/CHF pair faces resistance at 0.9910, while strong resistance is seen at 0.9966. Support levels are found at the 0.9870 and 0.9782 levels. Today, the USD/CHF pair continues to move downwards from 0.9910 level. The pair could fall from 0.9910 level to the first support around 0.9870. In consequence, if the USD/CHF pair […]
Technical outlook: The EUR/USD pair has rallied before printing a low below 1.1550 levels recently. It is now facing the 50% fibonacci resistance of the entire drop between 1.2090 through 1.1550 levels respectively. Still at least two probable wave counts are coming up. If the entire drop between 1.2092 and 1.1550 levels should be considered […]
Producer prices rose 0.4% in October. The growth is similar to the September index and exceeded the forecasts of experts expecting an increase of + 0.2%. On an annual basis, growth was at 2.8% vs. 2.6% in September. This is the highest level since 2012. A confident recovery in production prices shows the potential for […]
Tim Draper, a technical investor who has helped create companies such as Skype, Tesla and Twitter, has a reason to praise Bitcoin because its $ 20 million digital currency investment has grown by over 1,000 percent in just three years. Draper predicts that in five years the fiat currency will be so outdated that it […]
There are a lot of chances that the Dollar index has more upside if the current decline is wave A or wave 2. Today we are going to talk about this scenario and when it gets canceled. However our primary scenario remains the one where the entire upward corrective wave has been completed and we […]
Risk aversion continues to increase. Particularly clear is the pressure on commodity markets. In addition, there is a lot of doubt about the reform of the US tax system. EUR/USD after yesterday 1.0% shot to 1.18 remains close to this barrier. USD / JPY is heading towards 112.94, which cannot be surprising, as the Asian […]
Gold price continues to trade above the 4 hour Ichimoku cloud. Trend is bullish in Ichimoku terms, but price is mainly moving sideways and has not yet convincingly broken above the critical short-term resistance. Blue lines – sideways channel Short-term support is at $1,278 and resistance at $1,288. Price is trading above the 4 hour […]
Last minute burning forecast 15.11.2017 EURUSD: Buy on the rollback. Lock in profits. The euro showed strong growth during the speeches of the heads of the Central Bank at the ECB conference. There was a general decline in the dollar – against the franc and the yen, except for the euro. The pound appeared the […]
Trading plan 11/15/2017 The general picture: The speeches of the heads of the Central Bank at the ECB conference caused a decline in the dollar. Experts have not yet analyzed the essence of the statements of the heads of the largest Central Banks on Tuesday at the ECB conference – the heads of the ECB, […]
Wave summary: The rally here is clearly a wave iii of (iii) of 3 rally. It’s strong with almost no time for corrections. We are still looking for more upside towards 1.7770 as the next target on the way higher to 1.8430 longer term. Support is now seen at 1.7114 and again at 1.7049. The […]
Wave summary: We have seen the expected run higher. This run even exceeded the expected target at 133.15 and has likely peaked at 133.89 for a new impulsive decline towards 128.36 on the way lower to ideal target for wave (E) at 123.43. Short-term a break below minor support at 132.60 will be the first […]
When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction, Trade Balance, and French Final CPI m/m. The US will release the Economic Data, too, such as TIC Long-Term Purchases, Crude Oil Inventories, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, Core Retail Sales m/m, Core […]
In Asia, Japan will release the Revised Industrial Production m/m, Prelim GDP Price Index y/y, and Prelim GDP q/q data, and the US will release some Economic Data, such as TIC Long-Term Purchases, Crude Oil Inventories, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, Core Retail Sales m/m, Core CPI m/m, and CPI […]
After the escalation of geopolitical conflicts in the Middle East and the confidence of investors in the extension of the OPEC agreement at the Vienna meeting on November 30, which caused oil prices their peak level in the last 2.5 years, the market was at a deadlock. Many “bullish” factors are already taken into account […]
Bitcoin has been quite corrective recently after being bounced off the $5,500 support area. The price has been struggling to surge higher since yesterday and break above the $6,700 price level which will break the resistance to proceed much higher in the future. After the drastic fall, the impulsive bullish pressure indicated that the bulls […]
The Bitcoin (BTC) has been trading sideways at the price of $6.532. Craig Wright, the man who famously claimed to be Satoshi Nakamoto, is back in the news again. This time he’s weighed into the bitcoin scaling debate, which is becoming increasingly politicized. In a post entitled “Scaling Bitcoin and what some will do to […]
The ECB hosted the conference “Challenges in Policy Effectiveness, Responsibility, and Reputation Communication” starts today in Frankfurt, so the market participants are wondering whether the outcome from this event will be similar to the earlier one from Sintra, Italy from July this year. It is difficult to anticipate the outcome, but it looks like the […]
The third quarter Preliminary German GDP data has beat the market expectations by 0.2% on a quarterly basis (0.8% vs. 0.6%) and by 0.3% on a yearly basis ( 2.3% vs. 2.0%). The detailed growth components will only be released at the end of the month but based on monthly data, the economy continues to […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,270.00. According to the 30M time – frame, I found broken bearish flag in the background, which is sign that buying looks risky. I also found successful testing of supply trendline (downward channel), which is another sign of weakness. My […]
Recently, the GBP/USD has been trading sideways at the price of 1.3104. According to the 15M time – frame, I found that price is trading below the pivot level (1.3119), which is a sign that sellers are in control. I also found the successful rejection of supply trendline, which is another sign of weakness. My […]
USD/JPY is expected to trade with a bullish outlook. The pair is rebounding from 113.20 (lows of November 10 and 13). The rising 50-period moving average is playing a support role. The relative strength index is above its neutrality level at 50 and calls for a bounce. Hence, as long as 113.25 holds on the […]
Overview: The NZD/USD pair is still trading around the area of 0.6890 and 0.6860. Thus, it should be noted that the resistance is established at the level of 0.6890 which represents a pivot point. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.6860. The price has been […]
Overview: The support level is seen at the price of 0.9938 on the H4 chart. Since last week, the trend of USD/CHF pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.9938 […]
Every success of Bitcoin is related to the predictions of its fall. Over the past few years, many experts have longed for the end of Bitcoin for various reasons, from the lack of real value to the financial pyramid. This time, the indication fell on the character of the cryptocurrency, who was always considered her […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]
The major currencies consolidate on Tuesday, with the exception of the NZD, which loses for no apparent reason. USD/JPY reached 113.60, the EUR/USD hit 1.1670. Pound managed to pull back after Monday due to political factors, although today in the morning we can see a return of pressure and the GBP/USD down to 1.31. Outside […]
Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]
Last minute burning forecast 14.11.2017 EURUSD: Trade growth: Buying is preferred. The EURUSD pair is steady near weekly highs, which indicates its goal to maintain its growth. There are no important news: The closest important news is on Wednesday 15.11 – inflation data in the US for October. If you hold positions for buying the […]
