EURNOK printed a new high of 10.0947on August 7, but the bears took control and denied the two-week aggressive rally further gains, pulling the pair into a three-week sideways move. The simple moving averages (SMAs) are reflecting that more positive gains are more likely to unfold, especially as the bulls take another go at climbing […]

BTCUSD (Bitcoin) breached a symmetrical triangle to the downside on Wednesday in the four-hour chart and plunged to the 9,300 support-area – a negative trend signal. The fast-Stochastics and the RSI signal, however, have bottomed in the oversold territory and are turning higher, hinting that a rebound may be around the corner. A move northward […]

EURJPY hit a new 2½-year low earlier this week at 116.55 but found fresh buy orders and recovered a small portion of its losses. That said, the broader outlook remains negative as the price structure still consists of lower highs and lower lows, while the pair is also trading well below its 50- and 100-day […]

EURJPY hit a new 2½-year low earlier this week at 116.55 but found fresh buy orders and recovered a small portion of its losses. That said, the broader outlook remains negative as the price structure still consists of lower highs and lower lows, while the pair is also trading well below its 50- and 100-day […]

Bitcoin 4H time-frame: Bitcoin has been trading downwards exactly what I expected. Our first downward target is reached at the price of $9727 and there is potential for the test of the second target at $9,110. The 4-hour chart bear flag in the background. was the trigger for sellers as I expected..I don’t see any […]

Overview: The level of 1.1108 represents a daily pivot point for that it is acting as major resistance/support this week. The major level sets at the price of 1.1108. The EUR/USD pair faced strong resistance at the level of 1.1108 because support became support. So, the major resistance is placed at 1.1108. This would suggest […]

To open long positions on EURUSD, you need: Eurozone data, in particular, we are talking about consumer confidence, which remained unchanged, and the fall in the consumer price index had only slight pressure on the euro in the morning. Buyers still need to return to the level of 1.1086, and only this will be the […]

USDMXN is printing a red candle in the four-hour chart after creating a bearish doji, signaling the continuation of the negative correction. The RSI has also reversed south after peaking slightly below its 70 oversold level, providing additional discouraging signals for the near-term. Yet, as long as the RSI hovers above its 50-neutral mark, any […]

The euro area’s preliminary CPI data for August will hit the markets at 09:00 GMT on Friday, and forecasts suggest that inflationary pressures remain muted. Another weak set of data could amplify expectations for an aggressive stimulus package by the ECB in September, keeping the euro under pressure. The big picture for the single currency […]

We would like to inform our clients that due to a public holiday, which takes place in September, the trading hours of various instruments will be affected on 2 September 2019. Please view the table below to see which instruments will be affected and how: Instrument 02/09 03/09 COFFE-DEC19 Closed Normal Hours CORN-DEC19 Closed Normal […]

We would like to inform our clients that due to a public holiday, which takes place in September, the trading hours of various instruments will be affected on 2 September 2019. Please view the table below to see which instruments will be affected and how: Instrument 02/09 03/09 COFFE-DEC19 Closed Normal Hours CORN-DEC19 Closed Normal […]

USDJPY has consolidated into a sideways market over the last three weeks, after falling from near the 100-day simple moving average’s (SMA). The pair has been unable to close above the 106.77 resistance level despite multiple attempts, and now the bulls are at it again. The MACD is above its red trigger line and in […]

Pound drops after PM Johnson suspends Parliament Risk appetite improves as China hints September trade talks may go ahead German inflation data and US second GDP reading on the radar today Sterling dives as Boris sets course towards a no-deal Brexit In a dramatic turn of events, UK Prime Minister Johnson announced yesterday he will […]

Pound drops after PM Johnson suspends Parliament Risk appetite improves as China hints September trade talks may go ahead German inflation data and US second GDP reading on the radar today Sterling dives as Boris sets course towards a no-deal Brexit In a dramatic turn of events, UK Prime Minister Johnson announced yesterday he will […]

NZDUSD came under fresh sell-off on Thursday in the wake of downbeat business data, with the price stretching its two-year old downtrend to an almost four-year low of 0.6304. Technical signals remain bearish.The Tenkan-sen line continues to move with a steep negative slope well under the blue Kijun-sen line, while the RSI shows no appetite […]

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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) to Chris’s Daily Fix – https://cloud.go.pepperstone.com/join-daily-fix?_ga=2.35478502.679769720.1562538238-655932486.1557873476 For more information […]

On July 5, a consolidation range bearish breakout was demonstrated below 1.2550 corresponding to the lower limit of the depicted consolidation range. Moreover, Bearish breakdown below 1.2385 (Prominent Bottom) facilitated further bearish decline towards 1.2320, 1.2270 and 1.2100 which corresponded to significant key-levels on the Weekly chart. The previously-mentioned price levels were risky for having […]

Bitcoin 4H time-frame: Bitcoin is trading sideways at the price of $10,150 but still in the overall downtrend. The 4-hour chart completed bear flag and I do expect more downside to come. The main supply trendline is on the test ($10,200) again and this should provide solid sell area. I don’t see any signs of […]

Gold price did push higher as we expected and the Gold is heading to our upward target at $1,555.There are no signs of any reversal yet and I am still bullish on the Gold. Brown diagonal trend line– Rising support Yellow rectangle – Resistance became support Red horizontal line – Resistance and our upward target […]

EUR/USD On Tuesday, August 27, the EUR/USD pair ended with a decrease of only a few base points. The wave pattern remains the same, has not changed yesterday and, most likely, will not change today. The only news of yesterday was the consumer confidence index in America, which could hardly have a strong impact on […]

Overview: In the H1 chart, The GBP/USD pair faced strong resistances at the level of 1.2300, the pair is likely to try to approach it in order to test it again. The price has set below the level of 1.2309, which coincides with the 100% Fibonacci retracement level (double top). This resistance has rejected four […]

“Gold fever” was running high prior to the yellow metal’s all-time high in September 2011. Now, gold fever is back. Learn how today’s sentiment toward gold compares with 2011 — and, what it may mean … 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: […]

The GER30 index has consolidated in a sideways market in the last 20 sessions, as the 50-period simple moving average (SMA) has flattened and blended with the 100-period SMA. The index has currently moved into the Ichimoku cloud, trading around the June low of 11,607. Directional momentum seems to have evaporated, something also reflected by […]

There are bullish divergence warning signs in the RSI of USDJPY. This is a warning that we could see at least a short-term bounce soon. A bounce towards 107.80 or even 109 is not out of the question. Blue lines – bullish divergence Red line – resistance Green line – 2nd resistance Black lines- triangle […]