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 […]

To open long positions on EURUSD you need: The euro continued to decline against the US dollar after yesterday’s short pause. Expectations that the European Central Bank will change its monetary policy this week continue to put pressure on the pair. Today, buyers will rely on the level of 1.1180, but it is unlikely that […]

Trend analysis (Fig. 1). On Tuesday, the price may continue to move down, with the first target of 1.2424 – the pullback level of 76.4% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend […]

Trend analysis (Fig. 1). On Tuesday, the price may continue to move down, with the first target of 1.2424 – the pullback level of 76.4% (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend […]

Trend analysis (Fig. 1). On Tuesday, according to the weekly calculation, the downward movement will continue with the first target 1.1178 – the support line (red bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend […]

Trend analysis (Fig. 1). On Tuesday, according to the weekly calculation, the downward movement will continue with the first target 1.1178 – the support line (red bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend […]

The euro is trying to get out of the hard range. On Tuesday morning, the EURUSD has broken the key low of 1.1190, but couldn’t move. We keep sales from 1.1190 stop 1.1230. However, in the case of a reversal, we buy from 1.1230. Further purchase at the break of 1.1290 upward. The main events […]

The euro is trying to get out of the hard range. On Tuesday morning, the EURUSD has broken the key low of 1.1190, but couldn’t move. We keep sales from 1.1190 stop 1.1230. However, in the case of a reversal, we buy from 1.1230. Further purchase at the break of 1.1290 upward. The main events […]

4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. The moving average (20; smoothed) – down. CCI: -25.6625 In the past year, the pound sterling has X days too often. At first, these were the days when Theresa May’s voting was conducted, then the […]

The S&P 500 index is one of the biggest and most influential stock market indexes in the world. It was formed in 1957 by Standard & Poors to track the 500 biggest companies listed in the New York Stock Exchange (NYSE) and Nasdaq. By looking at the biggest companies in the US, the S&P is […]

Canada is an important North American country that borders the US to the north. The country’s landmass of 3.855 million square miles is bigger than that of the US, which is 3,797 million square miles. However, most of Canada is unhabitable because it is in the Arctic Circle. The country has a population of more […]

Dollar advances on US debt ceiling accord; may have more room to climb Boris Johnson to become new UK Prime Minister – watch his Cabinet picks Loonie and kiwi lose ground, earnings season fires up Greenback catches a bid after US debt ceiling deal Market moves were relatively subdued on Monday, with most major currency […]

EURGBP has been in the green zone for the past twelve weeks, topping its rally at an almost six-month high of 0.9050 last week. The 20-day simple moving average (SMA) has played a key role in rejecting bearish corrections and therefore should be closely watched if negative momentum resumes. The fast Stochastics, however, are currently approaching the […]

GBPUSD has declined considerably again after it failed to surpass the short-term moving averages from the beginning of the month. During the preceding week, cable reached a fresh more than two-year low of 1.2380 and touched the return line of the downward sloping channel. The negatively aligned Tenkan-sen line serves as a testament to the […]

So, the political struggle in Britain reached the final stage: a large-scale voting among 160 thousand “ordinary” Conservatives ended tonight, tomorrow we will know the name of the new leader of the Conservative Party, and the day after tomorrow – he will begin his duties as prime minister of the country. However, there is no […]

4-hour timeframe The amplitude of the last 5 days (high-low): 67p – 125p – 75p – 134p – 80p. Average amplitude for the last 5 days: 96p (92p). The British pound sterling has adjusted to the Kijun-sen line, which is supporting the pair’s upward prospects. The price rebound from it may provoke a resumption of […]

4-hour timeframe The amplitude of the last 5 days (high-low): 31p – 62p – 34p – 75p – 78p. Average amplitude for the last 5 days: 56p (48p). The first trading day for the EUR/USD pair ends as expected with a full flat and low volatility. Traders are fully focused on the ECB meeting, which […]

The release of statistics on European business activity and the German business climate, voting by the Conservative Party for the new leader who will become the British prime minister, and the ECB meeting make the euro the only alternative for the most interesting currency of the last full week of July. Even the next manifestation […]

AUDUSD has marginally broken above a major downward sloping trend line resistance last week but now price is pulling back below the trend line. AUDUSD is back testing this break out area. Red rectangle – resistance (previously), now support Green line – trend line resistance (broken) AUDUSD has support at 0.7030-0.7040 and resistance at 0.7060. […]

EURUSD is trading just above 1.12. Trend remains bearish in the short-term and only a break above 1.1280 would bring bulls back in control of the trend. So far they remain vulnerable and prone to breaking support. Red rectangle – resistance area Green rectangle – support area Green line – major support trend line EURUSD […]

Gold price has formed a bearish pattern called bearish flag. Gold price has the potential to activate this bear flag if price breaks below $1,415-20 giving us a target of $1,400-$1,390. Bulls have lost control of the short-term trend. Red lines- bearish flag Black line – major resistance trend line Gold price has support at […]

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. In June , temporary bullish consolidation patterns were demonstrated above 1.2650 for a few trading sessions. However, the price level […]

Industry news: As for private cryptocurrencies, given the risks associated with them and volatility in their prices, the Group has recommended banning of the cryptocurrencies in India and imposing fines and penalties for carrying on of any activities connected with cryptocurrencies in India. Trading recommendation: BTC has been trading sideways at the price of $10.500 […]

Gold has been trading exactly like I expected on Friday. Our Friday’s downward target has been met in at $1.420. Since there is strong downward movement in the background and fake breakout of the 20-day high $1.440, I still see potential for more downside. Trading recommendation: Red rectangle – Resistance ($1.433) Yellow rectangle- Support 1 […]