Risk Warning: 68.15% 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 […]

Risk Warning: 68.15% 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 […]

GBPJPY’s bulls accelerated the price up to hover around the 131.80 level, which is the 23.6% Fibonacci retracement level of the down leg from 148.86 to 126.53. The rally yesterday completed a double bottom pattern after breaking above the neckline of 130.68, and now price has possibly paused for the very-short-term, between 131.60 and 132.15. […]

US dollar trims losses after string of upbeat data ease slowdown fears in the US Powell speech and US jobs report awaited for further clues Pound holds onto gains as Johnson battles to trigger a snap election Risk appetite recovers further on strong US data The week looks set to end on a positive tone […]

USDCAD has done little to recover Wednesday’s free-fall that led the price under the 200-period simple moving average (SMA) in the four-hour chart and slightly below the 1.3200 level. The momentum indicators, however, are currently favoring a bearish-to-neutral  picture for the short-term trading as the RSI is pointing towards its 30 oversold mark and the […]

Forecast for September 6: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1155, 1.1122, 1.1097, 1.1047, 1.1008, 1.0987, 1.0960 and 1.0926. Here, we follow the development of the ascending structure of September 3. The continuation of the movement to […]

This is not a random number, because the method of “hunting for stops” involves work tied to the mistakes of bank traders. The average amount of stops which makes these 100p. And you can easily check it by looking at the open positions of banks online right now. Thus, we still have positions in crosses […]

Markets currently respond positively to news about upcoming trade negotiations. They like political events in the UK that exclude the “hard” Brexit at the end of October. US and China Chinese and American authorities once again agreed to sit at the negotiating table. Obviously, both sides understand that such an irrational trade war is a […]

EUR/GBP fell below a critical level of 0.90. The positive attitude towards the British pound makes the EUR/GBP pair forget about further growth and break through the critical support level of 0.90 in order to move lower to new two-month lows. The euro weakened amid optimism over Brexit and is falling for the third consecutive […]

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Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: –Facebook: http://bit.ly/EWI-Facebook –Twitter: http://bit.ly/EWI-Twitter –LinkedIn: http://bit.ly/EWI-LinkedIn –Website: http://bit.ly/ElliottWaveInternational Learn How the Wave Principle Can Improve Your Trading

Silver’s bears erased the gains from the move up to a thirty-five-month high of 19.63. The pullback in the price of the metal moved through the 21-period simple moving average (SMA), which coincided with support from the November 2016 high of 18.98. The bears are now testing the 42-period SMA also residing with the swing […]

USDSEK’s weekly gains that peaked at 17-year highs evaporated as the bears showed up and plunged the pair through the 50- and 100-period simple moving averages (SMAs). The move engulfed up support levels bringing the price to test the uptrend line. The technical indicators reflect the increasing bearish momentum in the near picture. The MACD has distanced […]

The GER30 index stepped on the 200-period simple moving average (SMA) on Wednesday and accelerated to one-month highs. While the RSI’s peak in the overbought territory suggests that the rally is overstretched and is time for a downside correction, the positive momentum in the MACD and the upward direction in the red Tenkan-sen line signals […]

Risk Warning: 68.15% 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 […]

Risk Warning: 68.15% 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 […]

NZDUSD steady and 1 ½-month old decline below the capping 50-period simple moving average (SMA), saw the bulls on September 3 come on board. The price overcame the 50-period SMA and pushed through the Ichimoku cloud on Thursday to challenge the longer-term 100-period SMA and the inside swing low of 0.6376. Momentum indicators are backing […]

For two days, the pair overcame the average weekly move, suggesting the need to fix a long position and expect a correctional decline. Today, there was a test of weekly short of 0.6838-0.6825. The formation of a reversal pattern of “false breakdown” will allow you to enter a short corrective position. The first goal will […]

AUD / USD pair The Australian dollar has already come close to the coincidence point of two indicator lines – the balance line and the MACD line at 0.6836 on the daily chart. The decisive growth of the Marlin oscillator suggests that resistance can be overcome. However, a stronger barrier is waiting for the price […]

Crypto Industry News: Christine Lagarde, candidate for president of the European Central Bank (ECB) and head of the International Monetary Fund (IMF) said that central banks and financial regulators should protect consumers, but also be open to innovation such as cryptocurrencies. During the opening statement, Lagarde told the European Parliament’s Committee on Economic and Monetary […]

Risk appetite returns as trade and geopolitical tensions subside overnight Pound bounces back as no-deal Brexit averted for now; elections could follow US and China agree to hold trade talks in October; global stocks surge Markets cheer ebb in trade and political tensions Traders were greeted with positive developments on all fronts on Thursday as […]

Risk appetite returns as trade and geopolitical tensions subside overnight Pound bounces back as no-deal Brexit averted for now; elections could follow US and China agree to hold trade talks in October; global stocks surge Markets cheer ebb in trade and political tensions Traders were greeted with positive developments on all fronts on Thursday as […]

Crypto Industry News: American investor and co-founder of Morgan Creek Digital Assets, Anthony Pompliano, argued that Satoshi Nakamoto should receive the Nobel Peace Prize for inventing Bitcoin. “Satoshi should win the Nobel Peace Prize. After all, we have a currency that can take the status of a global reserve without having to engage in violence,” […]

Crypto Industry News: American investor and co-founder of Morgan Creek Digital Assets, Anthony Pompliano, argued that Satoshi Nakamoto should receive the Nobel Peace Prize for inventing Bitcoin. “Satoshi should win the Nobel Peace Prize. After all, we have a currency that can take the status of a global reserve without having to engage in violence,” […]

To open long positions on EURUSD you need: The good news related to Brexit provides some support for the European currency as well. Yesterday, euro buyers managed to protect the support of 1.1010, and today the whole emphasis in the first half of the day will be made on the breakout of resistance at 1.1048, […]