EUR/USD Higher Timeframes The lack of effectiveness in dealing with the resistance of the daily Ichimoku cross (1.0609 – 1.0647) led to the formation of a rebound. After closing the previous day under the daily short-term trend (1.0527), the bears returned the situation to the weekly cloud. Today marks the end of the workweek. The […]
Crypto Industry News: ARK Invest and 21Shares have filed revised Bitcoin ETF spot fund applications. Observers hope that this time all the SEC’s fears and doubts will be dispelled. Market analysts are optimistic about this move and see it as a good sign. The amended filing was filed with the U.S. Securities and Exchange Commission […]
Crypto Industry News: On Tuesday’s edition of CNBC’s Squawk Box, Paul Tudor Jones warned of a possible stock market crash in the United States. He believes that the progressive and aggressive tightening of monetary policy by the Federal Reserve will lead the American economy into recession. During the show, Paul Tudor Jones also admitted that […]
Technical Market Outlook: The GBP/USD pair has completed the pull-back at the level of 1.2336 and reversed lower. Moreover, the price fell out of the corrective channel and made a new local low at the level of 1.2170. The intraday technical support is located at the level of 1.2260 and the intraday technical resistance is […]
Technical Market Outlook: The EUR/USD pair has broken back below the 50 and 100 MA level, so the corrective cycle might have been completed. The nearest technical support is seen at the level of 1.0520 and the nearest technical resistance is located at the level of 1.0582. The next target for bulls is the swing […]
Although the condition of Ethereum Cryptocurrency still weaken on its 4 hour chart, where it is seen by all the Ichimoku indicator condition gives the sign that this cryptocurrency is on the downside condition. But, with the appearance of the Descending Wedge pattern gives the clue for the appearance of turning point potential for the […]
If we look on the 4 hour chart of Ripple Cryptocurrency there is still inside the weakness condition where it is confirmed by the price movement which is under the Death Cross Kumo, Tenkan Sen and Kijun Sen, as well as the Chikou Span which position below the price movement and automatically under the Kumo. […]
Early in the European session, the Japanese Yen (USD/JPY) is trading around 149.70, above the 21 SMA, and approaching 8/8 Murray, which coincides with the psychological level of 150.00. This zone could act as a strong resistance so that USD/JPY could face a strong rejection. Hence, a technical correction could occur from that point. Yesterday […]
Technical outlook: EUR/USD reversed from the 1.0620-30 zone seen around the trend line resistance on Thursday in line with our projection. Prices are very close to the potential support around the 1.0300-10 area which is also the Fibonacci 0.618 retracement of the recent rally between 1.0450 and 1.0630. The single currency pair is seen to […]
Litecoin is testing support in the 60.00 – 61.78 area which ideally should act as a floor for the next impulsive rally towards 131.05 and above. That said, we need to see a break above resistance at 64.70 to confirm that wave 2 has been completed and wave 3 higher is in motion. Under no […]
EUR/USD failed to break clear of resistance at 1.0617 and backed off to test support at 1.0540. The failure is of concern and raises the odds for a final dip towards the 1.0435 target before wave 2 finally is complete and a new impulsive rally can take over in wave 3. Only a direct break […]
Analysis of transactions and tips for trading USD/JPY The test of 149.20, coinciding with the upward movement of the MACD line from zero, prompted a buy signal that led to a price increase of over 50 pips. The pair nears the psychological level of 150, where the Bank of Japan could intervene at any moment […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2289, coinciding with the decline of the MACD line from zero, prompted a sell signal that led to a price decrease of over 60 pips. The released GDP data for the UK did not particularly help pound continue its rally, while the data on […]
GBP/USD is exhibiting strong bullish momentum, with the potential to move higher towards the 1st resistance at 1.2259, a historically significant level where price often faces resistance. Conversely, on the support side, the 1st support at 1.2173, identified as a multi-swing low support, and the 2nd support at 1.2118, aligned with the 78.60% Fibonacci Retracement, […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
The EURUSD bulls controlled the price action around the key level of 1.0550-1.0600, leading to more bullish continuation towards 1.1000 and 1.1200. The recent bullish movement pursued towards the resistance zone around 1.1200 where lack of bullish momentum seemed to exist. On the other hand, the recent bearish pullback was facing a temporary support around […]
The GBP/USD pair has shown signs of bearish rejection just below 1.3200, initiating the recent bearish movement. After bearish closure below the price level of 1.2800 on a H4 candlestick, it continued to fall toward 1.2500 where the depicted uptrend line comes to meet a significant Fibonacci Level. This should be considered for Intraday traders […]
The report on American inflation for September brought the “bulls” on EUR/USD back down to earth. In annual terms, the CPI grew at the same pace as in August, at 3.7%. Core inflation, as expected, slowed down to 4.1%. However, the monthly data convinced investors that it’s still too early to close the door to […]
Yesterday evening, the FOMC minutes were released, and today, in the daytime, we have the ECB minutes. I already talked about the former in the previous article, calling it more expected but less interesting. In this review, I will examine the minutes of the latest ECB meeting. So, where should we begin? First of all, […]
Yesterday, we discussed the FOMC minutes, which were supposed to be released in the evening, but it turned out that the ECB minutes were more interesting. However, let’s not get ahead of ourselves and start by reviewing the key points of the FOMC minutes. In the American document, it was stated that all members of […]
Early in the American session, the Euro (EUR/USD) is trading around 1.0548 with a strong bearish movement after having broken a rising wedge pattern. It is now finding significant support around the weekly pivot point, which could offer a technical rebound. Inflation data from the United States came out above what analysts expected, reaching 3.7%, […]
The EUR/USD pair crashed in the short term and now is located at 1.0547 at the time of writing. The downside pressure is strong as the Dollar Index rallied. Technically, the bias remains bearish despite the last rebound, so more declines are natural. Fundamentally, the USD dominates the currency market as the US reported higher […]
The price of gold is trading in the red at 1,872 at the time of writing and it seems determined to hit new lows as the USD dominates the currency market after the US inflation publication. You knew from yesterday’s analysis that the volatility could be huge today around the US data dump. As you […]
The wave analysis of the pound/dollar pair remains relatively straightforward and clear. The construction of a new downward trend is ongoing, with its first wave being significantly prolonged. In my view, the British currency has no grounds to resume an upward trend, so I don’t even consider such a scenario. Remember, there are no specific […]
The wave analysis of the 4-hour chart for the euro/dollar pair remains clear. Over the past year, we’ve witnessed three wave structures constantly alternating with each other. Over the past months, I’ve been regularly stating my expectation that the pair would approach the 1.5 figure, which marked the beginning of the last upward three-wave structure. […]
A rebound from the Senkou Span B line on the 24-hour timeframe caused Bitcoin to start a new decline on the 4-hour timeframe. Now, we should expect a drop back to the range of $24,350–$25,211, where the fate of the leading cryptocurrency for the next few weeks will be decided once again. The first rebound […]
In my morning forecast, I drew attention to the level of 1.2304 and recommended making decisions based on it for market entry. Let’s take a look at the 5-minute chart and analyze what happened there. The breakout and subsequent retest of 1.2304 signaled a selling opportunity, but significant downward movement for the currency pair has […]
In my morning forecast, I drew attention to the level of 1.0623 and recommended using it to make market entry decisions. Let’s take a look at the 5-minute chart and analyze what happened there. The drop and formation of a false breakout at 1.0623 provided a point of entry for long positions, but the pair […]
The GBP/USD pair started to decline at the beginning of today’s European session after strengthening during the Asian trading session. The driver of the pound’s weakening and the GBP/USD fall was the release of macroeconomic data from the UK at 06:00 (GMT), which came in weaker than expected. GBP/USD had risen at the end of […]
The market has ignored the rise in U.S. producer inflation and the hawkish stance of the Fed officials regarding the prospects of monetary policy. As indicated by the data published on Wednesday, the annual Producer Price Index (PPI) of American producers accelerated in September from 2.0% (revised from 1.6% in August) to 2.2% (against a […]
