Recently, the Gold has been trading sideways at the price of $1,278.00. Anyway, I found rejection from supply cluster near the pivot resistance 1, which is a sign that buying looks risky. There is also a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for […]
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. […]
Recently, the USD/JPY has been trading sideways at the price of 113.70. Anyway, I found today double bottom formation, which is a sign that selling looks risky. There is also a broken pivot level at the price of 113.50, which is another sign of strength. My advice is to watch for potential buying opportunities. The […]
Bitcoin analysis for 24/10/2017: The planned Bitcoin fork will be held not on 25/10/2017 as originally announced, but the day before, at the height of block 491407, when miners begin to form blocks with the new proof-of-work algorithm, Equihash. Of course, Blockchain Bitcoin will remain the same, while the new segment will be split from […]
Trading plan for 24/10/2017: The markets are still waiting to settle in a set of political themes, which condemns trade to remain in the narrow band. Speculation that the central bank’s mandate to change in New Zealand harms NZD, which is today the weakest.The rest of FX is relatively stable, waiting for settlement on the […]
Overview: The USD/CHF pair continues to move upwards from the levels of 0.9744 and 0.9800. Hence, the spot of 0.9744 and 0.9800 represents strong support today. Since the trend is above this level, the market is still in an uptrend. Furthermore, the trend is still strong above the moving average (100). The USD/CHF pair didn’t […]
The EUR / USD pair is preparing for a breakthrough. Morning review. Monday did not bring profit to supporters of direct trades. The EUR / USD pair stayed in the narrow range for almost the entire day, trying to break below the level of 1.1730, but invariably faced with fierce resistance from buyers. At the […]
Overview: Last week, the NZD/USD pair has fallen from the level of 0.7067 towards 0.6972. Right now, the price is set at 0.6921 to act as a minor support. It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.7020 and 0.6900 in coming hours. Furthermore, the […]
The Dollar index remains in a bullish trend. Yesterday after reaching new highs at 94 area, price pulled back towards the broken trend line area for a backtest. A bounce off this trend line will increase the bullish scenario strength. Blue line – resistance (broken) The Dollar index is trading above the Ichimoku cloud in […]
Last minute burning forecast 24.10.2017 GBP – the way to the top is not hindered. As clearly seen on the chart – for the last few days, the situation on the market is practically unchanged – there is essentially no movement, neither up nor down. Entirely calm. It is clear that the market is waiting […]
The Gold price has broken out of the downward sloping wedge pattern but has stopped right at the short-term cloud resistance at $1,282. Price needs to break above $1,282 and especially $1,290 for any upward move to consider the start of the next upward move to $1,400. Blue line – resistance (broken) Red lines – […]
Wave summary: We have seen the expected minor correction from 1.6953 down to 1.6784 and the next impulsive rally higher to 1.7777 is now expected on the way higher to the ideal 1.8032 target. Short-term support is now seen at 1.6870 and again at 1.6784 that should be able to protect the downside for the […]
Wave summary: As long as support at 132.45 is able to protect the downside, as long will we be looking for a continuation higher towards 137.37 to complete wave (D) of the huge triangle that has been developing since June 2008. Short-term a break above minor resistance at 133.40 will indicate more upside pressure, while […]
When the European market opens, some Economic Data will be released, such as Belgian NBB Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Richmond Manufacturing Index, Flash Services […]
In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as Richmond Manufacturing Index, Flash Services PMI, and Flash Manufacturing PMI. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.89. Resistance. 2: […]
EUR/USD: The EUR/USD did not move significantly on Monday. However, a movement that is directional is expected this week, which would either take price above the resistance line at 1.1850 or below the support line at 1.1700. Until one of the two boundaries are breached, the bias on the market would be neutral. USD/CHF: On […]
The Bitcoin has recently reached $6,000 resistance area and bounced off the area with the bullish rejection and a daily close below it. Ahead of the Bitcoin split in November the price has bounced off the $6,000 price level as expected. Though there are certain restrictions about Bitcoin trading going on in few countries which […]
All our targets which we predicted in Yesterday’s analysis have been hit. USD/JPY is expected to continue its upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index calls for a new upside. To conclude, as long as […]
Our first target which we predicted in our previous analysis has been hit. The pair is supported by a bullish trend line since October 20, which confirmed a positive outlook. Both rising 20-period and 50-period moving averages suggest that the prices have a potential for a further upside. The relative strength index is above its […]
All our targets which we predicted in of Friday’s analysis have been hit. GBP/JPY is trading in the upper range and expected to continue the movement. The pair located an intraday key support at 149.45 before bouncing to the upside and trading along the upper Bollinger band. Currently, it has been supported by the rising […]
NZD/USD is expected to trade with a bearish outlook. The pair recorded lower tops and lower bottoms since October 16, which confirmed a bearish outlook. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index calls for a drop. To conclude, as long as 0.7005 is not […]
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. The recent bearish pullback was […]
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. […]
Global macro overview for 23/10/2017: The Thursday’s decision of the European Central Bank will be the key event of the week. The historically low interest rates will probably not change, but – as promised by Mario Draghi – at the October meeting the Governing Council will announce the arrangements for the future quantitative easing program […]
Global macro overview for 23/10/2017: In her Saturday speech on “Monetary Policy Since the Financial Crisis” at a National Economists Club dinner in Washington, D.C., the Federal Reserve Bank Chairperson Jannet Yellen commented the inflationary pressure issues. She said, that the lack of inflation has been an unexplainable “surprise,” while the Fed’s removal of stimulus […]
The Bitcoin (BTC) has been trading sideways at the price of $5.900. Russia’s First Deputy Prime Minister Igor Shuvalov promised not to let initial coin offerings (ICOs) in Russia “die” because of regulations last week. Despite bills being prepared to regulate them, President Vladimir Putin has said that ICOs hold “tremendous potential” and should not […]
Technical outlook: As seen on the hourly chart setup here, EUR/USD has been drifting sideways potentially into a triangle setup after having rallied from 1.1670 levels since October 06, 2017. The entire drop from 1.2092 through 1.1670 levels can be termed as A or 1, while we are expecting B or 2 to terminate somewhere […]
Overview: The GBP/USD pair is still moving upwards from the zone of 1.3017. The first support level is currently seen at 1.3017, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3017, which coincides with the 61.8% Fibonacci retracement level. This […]
Recently, the EUR/CHF pair has been trading sideways at the price of 1.1600. On the 15M chart, I found a fake breakout of pivot level at the price of 1.1593, which is a sign that selling looks risky. There is also a positive reading on MACD oscilator, which is another sign of potential strength. My […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.3167. According to the 15M timeframe, I found a successful rejection from the pivot point resistance at the price of 1.3227, which is a sign that buying looks risky. I also found a hidden bearish divergence on the MACD oscilator, which is another […]
