Over the past trading day, the pound / dollar currency pair showed a low volatility of 55 points, resulting in a small amplitude in the rollback phase. From the point of view of technical analysis, we see that the quote has formed a pullback from the psychological level of 1.2000 towards the lower boundary of […]

Yesterday, the euro-dollar pair was under pressure from many “bearish” factors, but the price could not fall below the support level of 1.1170 (the middle line of the Bollinger Bands indicator on the daily chart) – the downward impulse faded in this price area. By and large, the EUR/USD pair did not leave the wide-range […]

Yesterday, the euro-dollar pair was under pressure from many “bearish” factors, but the price could not fall below the support level of 1.1170 (the middle line of the Bollinger Bands indicator on the daily chart) – the downward impulse faded in this price area. By and large, the EUR/USD pair did not leave the wide-range […]

EUR/USD After the completed downward wave, the upward wave structure from August 1 looks promising. Its potential allows us to wait for the continuation of the rise on a larger scale of movement. A flat correction has been formed in the wave structure since August 6. The price is at the upper limit of strong […]

EUR/USD After the completed downward wave, the upward wave structure from August 1 looks promising. Its potential allows us to wait for the continuation of the rise on a larger scale of movement. A flat correction has been formed in the wave structure since August 6. The price is at the upper limit of strong […]

Bitcoin – 4H. What kind of confidence is in the tool, which for no reason grows from $3,000 to $14,000 in a matter of months? That’s right, nothing. Bitcoin remains a tool that is used to extract the largest possible profit in a minimum period, as well as a tool for illegal anonymous transactions. It […]

Bitcoin – 4H. What kind of confidence is in the tool, which for no reason grows from $3,000 to $14,000 in a matter of months? That’s right, nothing. Bitcoin remains a tool that is used to extract the largest possible profit in a minimum period, as well as a tool for illegal anonymous transactions. It […]

EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair performed the fourth rebound from the correction level of 61.8% (1.1224), a turn in favor of the US currency and consolidation under the correction level of 76.4% (1.1180). Thus, the fall of quotations of the euro/dollar pair may continue towards the next Fibonacci […]

EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair performed the fourth rebound from the correction level of 61.8% (1.1224), a turn in favor of the US currency and consolidation under the correction level of 76.4% (1.1180). Thus, the fall of quotations of the euro/dollar pair may continue towards the next Fibonacci […]

EURGBP recorded a steep rally in recent weeks to touch the 0.9325 area, before retreating somewhat. The price structure on the daily chart consists of higher highs and higher lows, while the 50-day simple moving average (SMA) has also crossed above the 200-day one, keeping the outlook positive overall. Momentum oscillators, however, suggest that the […]

GBPCAD has been on a downtrend since the beginning of May, sliding to a two-year low of 1.5874 on Friday. The downside pressure has eased somewhat this week with momentum indicators pointing to a weak positive movement. The RSI is rising but has some way to go before escaping out the bearish territory above 50. […]

The famous crypto Bitcoin came under fresh selling after slumping below the 100-period exponential moving average (EMA) and the Ichimoku cloud in the four-hour chart. According to the RSI and the Stochastics the market is fluctuating in oversold waters and hence upside corrections are likely. Still, the market may need to run comfortably above the […]

AUDUSD was unable to crawl above the upper boundary of its narrow 0.6820-0.6745 range despite Tuesday’s encouraging trade news. In the short-term, the market may remain muted as the slow progress in the RSI and the gently rising MACD suggest a bearish-to-neutral bias, with the falling red Tenkan-sen also reducing the odds for an impressive gainful session. Yet the pause […]

US tariff exemptions lift risk sentiment – stocks soar, yen retreats     But optimism tempered by weak Chinese data overnight UK inflation data and Eurozone GDP coming up Trump’s tariffs delay revives risk appetite, but is this a game changer? Global risk sentiment came roaring back on Tuesday, with US stock markets closing 1.5% higher […]

USDJPY started the day in the red on Wednesday after spiking up by more than 1% on Tuesday to meet resistance near the key 107.00 level. The RSI and the red Tenkan-sen are currently following the price down, while the MACD keeps improving below its red signal line, painting overall a bearish-to-neutral picture for the […]

When investors go from “full steam ahead” to shunning risk, watch out! This change in investor psychology can show up as rapid price moves in the stock market. With that in mind, consider these two ways to gauge investors’ risk tolerance. Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around […]

Today, the focus of the markets will be the publication of important data on consumer inflation in the States. They will have a direct impact on the likelihood of a possible continuation of the Fed rate cuts or not. According to the forecasts, the consumer price index should grow by 1.7% in annual terms against […]

Today, the focus of the markets will be the publication of important data on consumer inflation in the States. They will have a direct impact on the likelihood of a possible continuation of the Fed rate cuts or not. According to the forecasts, the consumer price index should grow by 1.7% in annual terms against […]

 Copper futures were unable to close below the 2.54 hurdle, and the bulls logged gains, sending the metal back into the neutral sideways market that has lasted for three months. The momentum indicators suggest the short-term negative trend is weakening. The MACD has started to turn up in the negative area for a cross above […]

 Copper futures were unable to close below the 2.54 hurdle, and the bulls logged gains, sending the metal back into the neutral sideways market that has lasted for three months. The momentum indicators suggest the short-term negative trend is weakening. The MACD has started to turn up in the negative area for a cross above […]

EURAUD posted substantial losses in recent days, after touching a 10-year high of 1.6790 last week. Despite this pullback though, the medium-term uptrend is still in play, with a clear break back below 1.6230 and the 50-day simple moving average (SMA) needed to call that into question. Momentum oscillators suggest that the latest retreat may […]

EURAUD posted substantial losses in recent days, after touching a 10-year high of 1.6790 last week. Despite this pullback though, the medium-term uptrend is still in play, with a clear break back below 1.6230 and the 50-day simple moving average (SMA) needed to call that into question. Momentum oscillators suggest that the latest retreat may […]

Alibaba’s stock price found enough footing near the 23.6% Fibonacci of the 147.82-179.33 upleg to surge above the 20-period simple moving average (SMA) in the four-hour chart. The rising MACD and the positive slope in the RSI, which is ready to exit the bearish territory, are encouraging signs for the market’s short-term performance. Should the […]

Alibaba’s stock price found enough footing near the 23.6% Fibonacci of the 147.82-179.33 upleg to surge above the 20-period simple moving average (SMA) in the four-hour chart. The rising MACD and the positive slope in the RSI, which is ready to exit the bearish territory, are encouraging signs for the market’s short-term performance. Should the […]

EUR/GBP falls and breaks through the lows around 0.9270. Now, the weaker tone around the single European currency encourages the pair to retreat. The pound managed to regain its composure after the indicators of the UK labor market surprised in a good sense of the word. The actual average income of the British rose in […]