Silver topped near its 2018 peaks this week before pulling slightly back, with the MACD and the RSI pointing now to a neutral-to-bearish mode in the short-term; the former is increasing negative momentum below its red signal line, while the latter is fluctuating slightly below its 50 neutral mark. The support area around the 23.6% Fibonacci of 16.90 of […]

Silver topped near its 2018 peaks this week before pulling slightly back, with the MACD and the RSI pointing now to a neutral-to-bearish mode in the short-term; the former is increasing negative momentum below its red signal line, while the latter is fluctuating slightly below its 50 neutral mark. The support area around the 23.6% Fibonacci of 16.90 of […]

Thursday’s macroeconomic reporting included statistics on retail sales in the United States, which certainly supported interest in the US currency. The volume of retail sales in monthly terms increased by 0.7%, indicators for June were revised for the worse 0.4% —-> 0.3%. It is worth considering that this indicator is one of the most important […]

Thursday’s macroeconomic reporting included statistics on retail sales in the United States, which certainly supported interest in the US currency. The volume of retail sales in monthly terms increased by 0.7%, indicators for June were revised for the worse 0.4% —-> 0.3%. It is worth considering that this indicator is one of the most important […]

Trend analysis (Fig. 1). On Friday, the price will continue to move up, with the first target at 1.2215 – a pullback level of 14.6% (yellow dashed line). Fig. 1 (daily chart). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend […]

Trend analysis (Fig. 1). The breakdown of the support line is unlikely. After testing this line, a pullback is possible with the first target 1.1116 – a pullback level of 14.6% (yellow dashed line). Fig. 1 (daily chart). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – up; – […]

4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. The moving average (20; smoothed) – sideways. CCI: 90.7831 The political chaos in Britain with the advent of Boris Johnson did not weaken. Literally a month after Johnson’s appointment, a vote of no confidence is […]

4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – sideways. The moving average (20; smoothed) – down. CCI: -168.4492 On August 16, the EUR/USD pair calmly continues its downward movement in the direction of two-year lows. The last trading day of the week will be […]

GBPJPY is showing bullish signals in the four-hour chart as the MACD is strengthening in the positive area and the RSI is resuming upside momentum above its 50 neutral level. The pair has created a higher low around the 127.50 barrier but this is not enough for a complete violation of its downward pattern as […]

Stocks head higher as Trump trade comments and strong US retail sales calm markets But fears of a downturn persist as bond markets remain in dangerous territory Pound up on latest bid by UK opposition parties to thwart no-deal Brexit Stock market sell-off eases on positive headlines Stocks in Asia were mostly positive on Friday […]

Stocks head higher as Trump trade comments and strong US retail sales calm markets But fears of a downturn persist as bond markets remain in dangerous territory Pound up on latest bid by UK opposition parties to thwart no-deal Brexit Stock market sell-off eases on positive headlines Stocks in Asia were mostly positive on Friday […]

In the fifth consecutive week of having risen , USDCAD managed to close slightly above the 200-day simple moving average (SMA) and the Ichimoku cloud, increasing the likelihood for an up-trending market. The bullish cross between the 20- and the 50-day SMA is also a positive trend signal. In terms of momentum, the rising MACD accompanied with […]

Investor psychology drives stock market prices. So, it pays to study sentiment measures. This chart shows two sentiment measures that warned of the current stock market sell-off in early July. 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 […]

EUR / USD Wednesday, August 14, ended for the EUR / USD pair with a decrease of 30 bp. Thus, the estimated wave b of the upward trend section takes on a more complex form, but the current wave marking does not change. Based on the wave pattern, the euro-dollar instrument is still expected to […]

Risk appetite deteriorated sharply during Wednesday as fears over a global recession intensified. The immediate panic was triggered by an inversion of the US yield curve for the 10-year Treasuries dipping below 1.60% and trading below 2-year rates for the first time in over 10 years. There was a rapid slide in equity markets during […]

Bitcoin – 4H. Just yesterday, I wrote in my article about bitcoin that 80% of the price of the coin depends on the inflow or outflow of one-day investors, and not on fundamental factors, the actions of Donald Trump, the Fed, and the introduction of legislation relating to the cryptocurrency sphere. Today, we can state […]

EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair posted a consolidation below the correction level of 76.4% (1.1180) and resumed the process of falling in the direction of the Fibo level of 100.0% (1.1107). Yesterday’s economic reports out of Europe on GDP for the second quarter and industrial production in June […]

Technical outlook: The EUR/USD pair has failed to push above 1.1245 levels as expected. The bearish trend is likely to continue from here below 1.1020 levels. Immediate price resistance is still in place at 1.1285/90, followed by 1.1412 levels respectively. A safe strategy is to follow a trend. Therefore, selling on rallies is a preferable […]

When asked what he thinks of today’s market action, Chief Market Analyst Steve Hochberg said, “The market’s continued behavior – within this context of being oversold – is quite important. I’m going to discuss the implication in tonight’s Update.” You need to see why Steve is on high alert right now. https://bit.ly/31Nha9f Learn How the […]

The rapid growth in the cost of yellow metal causes market players to be surprised, bordering on delight. Experts predict a further rise in “gold” quotes. They do not exclude that the immediate goal of the growth of the precious metal will be the mark of $1920 for 1 ounce. On Tuesday, August 13, yellow […]

Silver volatility increased sharply on Tuesday following the announcement from US Trade Representative Lighthizer that tariffs on some important categories of Chinese imports, including electronics, would be delayed until mid-December from the beginning of September. As risk appetite strengthened sharply, investors showed lower demand for safe haven assets including precious metals. There was an immediate […]

Silver volatility increased sharply on Tuesday following the announcement from US Trade Representative Lighthizer that tariffs on some important categories of Chinese imports, including electronics, would be delayed until mid-December from the beginning of September. As risk appetite strengthened sharply, investors showed lower demand for safe haven assets including precious metals. There was an immediate […]

Today, the pair is testing the 1/2 control zone and defines the resistance of 0.9775-0.9765. In the case of the formation of a “false breakdown” pattern, the downward movement will again become a priority. It is better to refrain from sales since the instrument is located within the lower monthly control zone. The probability of […]

Today, the pair is testing the 1/2 control zone and defines the resistance of 0.9775-0.9765. In the case of the formation of a “false breakdown” pattern, the downward movement will again become a priority. It is better to refrain from sales since the instrument is located within the lower monthly control zone. The probability of […]

Tuesday’s labour market data was mixed with unemployment increasing to 3.9% from 3.8% while there was a larger-than-expected increase in employment to fresh record highs. Average earnings data beat market expectations with a headline increase of 3.7% in the year to July while the core rate strengthened to an 11-year high of 3.9% from 3.6%. […]