EURJPY is looking strongly bearish in the short-term after plunging towards a new six-month low earlier today, continuing its selling interest from April 15’s peak of 126.80. Prices dropped below the significant 120.75 barrier and the technical indicators are all pointing to further negative momentum. The RSI is heading downwards, approaching the oversold zone, while […]

EURJPY is looking strongly bearish in the short-term after plunging towards a new six-month low earlier today, continuing its selling interest from April 15’s peak of 126.80. Prices dropped below the significant 120.75 barrier and the technical indicators are all pointing to further negative momentum. The RSI is heading downwards, approaching the oversold zone, while […]

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Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Gold did exactly what I expected yesterday. Gold reached my yesterday’s down target at $1.415 and it rejected strongly. The resistance at $1.429 would be critical for further upside movement. Trading recommendation: Yellow rectangle – $1.415 Support Blue horizontal line – $1.429 important resistance pivot Blue rectangle – Resistance $1.441 MACD oscillator is showing decreasing […]

Hello, dear colleagues. For the Euro/Dollar pair, we follow the development of the downward structure from July 18 and we expect the continuation of the downward movement after the passage of the price of the range of 1.1160 – 1.1149. For the Pound/Dollar pair, the level of 1.2420 is the key support for the upward […]

Hello, dear colleagues. For the Euro/Dollar pair, we follow the development of the downward structure from July 18 and we expect the continuation of the downward movement after the passage of the price of the range of 1.1160 – 1.1149. For the Pound/Dollar pair, the level of 1.2420 is the key support for the upward […]

EUR did trade lower at the price of 1.1166 in past 15 hours during the Asia session and Europe, which is sign that there is the further risk that EUR can trade on US session downward. I do expect some kind of rotation upward during the US session. My advice is to watch for potential […]

So-called “bad news” is not always bad for stocks. When U.S. tariffs were imposed on Chinese imports, many investors held an unfavorable outlook for the Shanghai Composite. However, one of EWI’s global analysts took a different stance. Take a look at these two charts … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow […]

To open long positions on EURUSD, you need: Euro buyers are in no hurry to return to the market and are unlikely to do so seriously before the meeting of the European Central Bank, which is scheduled for this Thursday. We see how in the support area of 1.1180, which I paid attention to the […]

According to the calculations of experts of the analytical company CIBC, market players can sell the Canadian dollar at the moment, the most effective currency in the Big Ten. At the beginning of this year, “Canadian” confidently led among other leading world currencies, and now its “bullish” trend is close to completion, analysts say. The […]

Back in June 24, the EURUSD looked overbought around 1.1400 facing a confluence of supply levels. Thus, a bearish movement was initiated towards 1.1275 followed by a deeper bearish decline towards 1.1235 (the lower limit of the newly-established bullish channel) which failed to provide enough bullish support for the EUR/USD. Recent bearish breakdown below 1.1235 […]

Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550 with a prominent key-level around 1.2650. The price level of 1.2750 (consolidation range upper limit) has prevented further bullish advancement few times so far. Moreover, signs […]

Against the background of the almost weekly statements by the head of the United States of America D. Trump saying that it is necessary to lower the rate of the national currency in order to achieve “parity” with other major currencies, there has been a growing appreciation of the currency recently. So what is the […]

NZDJPY recorded a bounce up in the short-term, from the five-and-a-half-month low of 70.25 on June 18, and in the last month has pushed north into the Ichimoku cloud. The price stalled ahead of the upper boundary of the cloud coupled with the 100-day simple moving average (SMA) in the previous session. There is a […]

McDonalds stock price hits a record high of 215.85 last Thursday, meeting the upper boundary of the long-term ascending channel in the daily timeframe. The 20-day simple moving average (SMA) helped the bulls to retake control, while the positive momentum in the RSI suggests the bullish party is not over yet for the stock. However, the MACD oscillator is […]

WTI oil futures moved north from five-month lows of 50.58 towards the 61.8% Fibonacci retracement of the down move from 66.57 to 50.58, of 60.47, over the last month. Price tumbled from the 61.8% Fibo and lost steam near its 23.6% Fibo. The 50-, 100- and 200-day simple moving averages (SMAs) in the current sideways […]

For the sixth time in the past few months, XM has been acknowledged with its latest special award for the outstanding level of services provided to clients and distinguished as Best Broker by FinTech Age Awards 2019. Hosted by Forbes.it at the prestigious ITForum Rimini financial exhibition on 12th June, the exclusive award ceremony took […]

For the sixth time in the past few months, XM has been acknowledged with its latest special award for the outstanding level of services provided to clients and distinguished as Best Broker by FinTech Age Awards 2019. Hosted by Forbes.it at the prestigious ITForum Rimini financial exhibition on 12th June, the exclusive award ceremony took […]

For the sixth time in the past few months, XM has been acknowledged with its latest special award for the outstanding level of services provided to clients and distinguished as Best Broker by FinTech Age Awards 2019. Hosted by Forbes.it at the prestigious ITForum Rimini financial exhibition on 12th June, the exclusive award ceremony took […]

For the sixth time in the past few months, XM has been acknowledged with its latest special award for the outstanding level of services provided to clients and distinguished as Best Broker by FinTech Age Awards 2019. Hosted by Forbes.it at the prestigious ITForum Rimini financial exhibition on 12th June, the exclusive award ceremony took […]

The UK 100 stock index (FTSE 100) has been trading slightly higher following the rebound on the 7473 support level. The stochastic oscillator confirms this short-term upside view, as it is heading north above the oversold territory. Also, the RSI is pointing up in the positive area. If the price manages to extend the bullish action […]

The UK 100 stock index (FTSE 100) has been trading slightly higher following the rebound on the 7473 support level. The stochastic oscillator confirms this short-term upside view, as it is heading north above the oversold territory. Also, the RSI is pointing up in the positive area. If the price manages to extend the bullish action […]

Three months before Draghi’s departure, chances for a looser monetary policy are rising higher as heightening global risks are threatening to keep the European Central Bank (ECB) on guard. Nevertheless, more stimulus will likely be a matter of guidance for the future at Thursday’s policy meeting rather than an order for execution despite expectations for a weaker flash composite […]