Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

EURUSD sellers are in the process of halting buyers’ efforts to push above 1.1179 – which is the fresh swing high of October 21, following a three-week ascent – to retest the 200-day SMA. The short-term has shifted into what looks like a neutral market, something also backed by the flat Tenkan-sen and Kijun-sen lines. […]

EURUSD sellers are in the process of halting buyers’ efforts to push above 1.1179 – which is the fresh swing high of October 21, following a three-week ascent – to retest the 200-day SMA. The short-term has shifted into what looks like a neutral market, something also backed by the flat Tenkan-sen and Kijun-sen lines. […]

US and China reportedly close to agreeing a ‘phase one’ trade deal; stocks rally Safe havens retreat but still some caution, dollar subdued Euro eyes Lagarde speech Interim US-China trade deal within reach Growing signs that the partial US-China trade deal is close to being finalized drove market sentiment on Monday with Asian stocks getting […]

US and China reportedly close to agreeing a ‘phase one’ trade deal; stocks rally Safe havens retreat but still some caution, dollar subdued Euro eyes Lagarde speech Interim US-China trade deal within reach Growing signs that the partial US-China trade deal is close to being finalized drove market sentiment on Monday with Asian stocks getting […]

Gold has remained confined in a narrow sideways range – with an upper bound near 1517 and a lower end around 1474 – for a month now. The short-term bias is therefore neutral, something also supported by the converging 50- and 200-period simple moving averages (SMAs) on the 4-hour chart. A clear break on either […]

Read Sean’s Chart of the Day (US2000) here: https://pepperstone.com/au/market-analysis/trading-opportunities For all your market news, views and key trading set-ups, Chris Weston takes you through all the action and upcoming event risk to help you capitalise, and assess the risks to your exposures. For daily views and commentary straight to your inbox, sign up (for free) […]

Read Sean’s Chart of the Day (US2000) here: https://pepperstone.com/au/market-analysis/trading-opportunities For all your market news, views and key trading set-ups, Chris Weston takes you through all the action and upcoming event risk to help you capitalise, and assess the risks to your exposures. For daily views and commentary straight to your inbox, sign up (for free) […]

Well, the old adage says to “Sell in May and Go Away.” Not sure how that worked out for everyone, but we look at markets through a different lens anyway. Get our current take in tonight’s Short Term Update. https://bit.ly/31Nha9f Learn How the Wave Principle Can Improve Your Trading

EURUSD is the world’s most-traded FX pair, and it deserves your attention right now. Free, watch our Currency Pro Service guide show you why and explain how the Elliott wave pattern in an exchange-traded fund FXE mimic the budding opportunity in its “mother” market. Learn How the Wave Principle Can Improve Your Trading

USDNOK sellers are in the process of penetrating below the 8.1055 support – which is the 23.6% Fibonacci retracement of the up leg from 8.4664 to 9.3036 – after already violating the uptrend line drawn from July 18. The short-term oscillators continue to reflect strengthening negative momentum as the price nears the 50-day simple moving […]

AUDCAD buyers are again in the process of pushing higher, after fiercely overcoming the 20-, 50- and 100-day simple moving averages (SMA) and climbing above the Ichimoku cloud. The pair bounced off a floor – in formation since August – around 0.8900 on October 25. The short-term oscillators lean towards positive momentum improving. The MACD […]

As the Fed and the ECB signal they may be done with policy easing for now, the Reserve Bank of Australia may follow suit, but the Bank of England could be a late joiner to the easing club. Apart from the next wave of central bank meetings, monthly trade statistics will come to the fore […]

Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

GBPCHF has formed a rectangle in the four-hour chart that is part of a broader upward pattern started from an 8-year low of 1.1670 in August. The flattening RSI and the muted MACD provide no clue that the consolidation phase may end in the near term. Nevertheless, buyers would be eagerly waiting for a decisive […]

Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

GBPJPY’s directional momentum has disappeared after sellers ceased further gains on October 17, having rallied strongly from October 8. A second attempt higher was denied, shifting the pair into a directionless market, which is also backed by the flat 50-period simple moving average (SMA), Tenkan-sen and Kijun-sen lines. The MACD, is barely above the zero […]

US payrolls and ISM index could shape the dollar’s fortunes today Risk appetite dampened by reports China won’t compromise on ‘real’ trade issues Can US payrolls keep the besieged dollar from stumbling further? The spotlight today will fall on the US employment report for October, as investors scramble to figure out whether the Fed can […]

USDCAD is pushing efforts to return above the long-term support trendline drawn from the trough of 2017 after rebounding on the three-month low of 1.3041. But the technical indicators have yet to send a clear bullish signal as the RSI is struggling to cross above its 50 neutral mark even though the MACD keeps rising […]

Resistance at 121.48 capped the upside and pushed EUR/JPY back below short-term key support at 120.55 indicating that red wave ii still was in motion. This means a dip towards our ideal corrective target at 119.87 is still possible before a new rally towards 124.64 should be expected. R3: 121.48 R2: 121.15 R1: 120.83 Pivot: […]

Did the divergences and non-confirmations matter? What non-confirmations, you ask? Then you clearly have not read this week’s Short Term Updates. Don’t be fooled by these seemingly “ultra-calm markets.” See what the patterns reveal about what’s to come. https://bit.ly/31Nha9f Learn How the Wave Principle Can Improve Your Trading

Investor psychology plays out in the same patterns everywhere in the world. In other words, investor behavior in one country does not differ from any other country. With that in mind, the dramatic price action in this nation’s main stock index should give pause to stock investors everywhere. Take a look at this stunning chart […]

GBPCAD buyers are attempting to push above 1.7060, which is the 61.8% Fibonacci retracement of the down leg from 1.7793 to 1.5874, to retest the fresh high of 1.7092. The nearly three-month ascent seems to have backing from the bullish cross of the 50-day simple moving average (SMA) and the strengthening positive momentum in the […]

You’ve heard of Bollinger Bands as a technical market indicator, and maybe you’re already using it. It can be a great tool in the right hands — watch our Energy Pro Service editor show you how he applies it to forecast crude oil prices, and what supporting indicators he uses. Learn How the Wave Principle […]