Technical Market Overview: The EUR/USD pair has reversed again from the level of 1.1284 despite the positive momentum and a lack of overbought market conditions. It means the level of 1.1284 is now the key technical resistance and only if violated, the bulls are in control of the market. Otherwise, the price will likely continue […]

EURUSD has been under pressure over the last three weeks as it failed several times to jump above the short-term simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the downleg from 1.1815 to 1.1106 near 1.1275. Short-term momentum indicators are pointing to a continuation of the bearish bias. The RSI bounced off […]

Good afternoon, I’m Dana Weeks with Market Minute for Friday, July 19th. The S&P 500 made a new all time high on Monday; the DOW made a new all time high on Tuesday, but both indexes closed the week lower, creating a weekly buying climax. And gold and silver put the “v” in volatile. Need […]

In this episode of ETV, Murray Gunn — EWI’s European Short Term Update Editor — teaches you about one Elliott wave pattern that can prepare you for explosive moves in your markets. Learn How the Wave Principle Can Improve Your Trading

How can you see the market from a different perspective? “Degrees of trend” means exactly that — it can be as simple as a daily vs. an hourly chart. See the difference for yourself in EURUSD, and (as analyst Jim Martens explains) how that “difference” can mean opportunity. Learn How the Wave Principle Can Improve […]

When it comes to the bond market, Jordan Kotick is a “pro’s pro” — a former bond trader, economist and Head of Cross Asset Strategy. He says, “Watch Price or Yields?” is a question he hears repeatedly. Watch and listen to his answer to that question. Learn How the Wave Principle Can Improve Your Trading

The attention of leading investors for a long time was riveted on gold but at the moment, it has switched to silver. The white metal is experiencing an unprecedented rally, its price is steadily increasing. Experts seek to understand the causes of what is happening. The current situation is largely influenced by the expectation of […]

To open long positions on GBP/USD, you need: Buyers of the pound expectedly returned from the support level of 1.2514, which I paid attention to in my morning forecast. Data on the growth in the number of public sector borrowings damaged only part of the pound in the morning. At the moment, the bulls’ goal […]

To open long positions on EURUSD, you need: Germany’s producer price index fell sharply, putting pressure on the euro in the first half of the day after yesterday’s sharp rise, which occurred amid comments from representatives of the Federal Reserve. At the moment, it is clear that the buyers of EUR/USD missed an important support […]

To open long positions on EURUSD, you need: Germany’s producer price index fell sharply, putting pressure on the euro in the first half of the day after yesterday’s sharp rise, which occurred amid comments from representatives of the Federal Reserve. At the moment, it is clear that the buyers of EUR/USD missed an important support […]

Overview: The NZD/USD pair broke the resistance that turned into strong support at the level of 0.6612. The level of 0.9966 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as a major support on the H1 chart today. Consequently, the first support is set at the level of 0.6612. Moreover, […]

The dollar was able to interrupt the losing streak and began to recover. Recall that the head of the New York Fed, John Williams, advocated proactive measures to “avoid the need to deal with too-low inflation and interest rates,” as the dovish tone caused the dollar to fall. However, the dollar began to grow after […]

Overview: The EUR/USD pair continues to move upwards from the level of 1.1179/1.1222 (support zone). Last week, the pair rose from the level of 1.1179 to a top around 1.1222 (currently price is set at the 1.1234 price). Today, the first resistance level is seen at 1.1262 followed by 1.1295, while daily support 1 is […]

EURCHF continued southbound from a 6-month high of 1.1475 on April 23, breaking out of an 8-month period sideways move to push towards a 23-month low of 1.1055. Presently, sellers are fracturing the support trying to continue the bearish bias. The 14-day simple moving average (SMA) is beginning a bearish cross of the 21-day SMA, whereas […]

EURCHF continued southbound from a 6-month high of 1.1475 on April 23, breaking out of an 8-month period sideways move to push towards a 23-month low of 1.1055. Presently, sellers are fracturing the support trying to continue the bearish bias. The 14-day simple moving average (SMA) is beginning a bearish cross of the 21-day SMA, whereas […]

Tesla’s share price soared sharply higher by 42% after hitting three-year lows in early June but the rally may come under test next week when the electric-car maker announces its earnings results for the second quarter. The report will be available for review on Wednesday after Wall Street’s closing bell and even though analysts expect […]

Tesla’s share price soared sharply higher by 42% after hitting three-year lows in early June but the rally may come under test next week when the electric-car maker announces its earnings results for the second quarter. The report will be available for review on Wednesday after Wall Street’s closing bell and even though analysts expect […]

The British pound remains in the eye of the storm, as markets are waking up to the risk that a no-deal Brexit in October may be incoming Prime Minister Johnson’s preferred route. The coming week will be decisive, as the Cabinet ministers Johnson picks could reveal much about his strategy. As for sterling, the picture […]

Gold advanced to a more than two-year high of 1,452.87 earlier today, but quickly reversed lower near the previous highs of 1,438. The technical indicators seem to be overstretched in the daily timeframe as the RSI is reversing lower after it touched the 70 level, while the MACD has found obstacle at the trigger line. […]

The European Central Bank is expected to steal the limelight from the Federal Reserve next week as it meets to discuss fresh stimulus measures for the Eurozone’s troubled economy. But the Fed will still be on investors’ minds as the preliminary report on US GDP growth in the second quarter could determine whether it opts […]

USDTRY has been in a downtrend over the last two months following the pullback on the seven-month high of 6.2440. The pair is holding beneath the 20- and 50-simple moving averages (SMAs), however, the momentum indicators are signaling for some gains in the short-term. The RSI is pointing marginally up in the negative zone, while […]

USDTRY has been in a downtrend over the last two months following the pullback on the seven-month high of 6.2440. The pair is holding beneath the 20- and 50-simple moving averages (SMAs), however, the momentum indicators are signaling for some gains in the short-term. The RSI is pointing marginally up in the negative zone, while […]

Risk Warning: 71.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 71.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

GBPCAD slipped aggressively from the May 6 top of 1.7727, breaking through the congested support lines formed during the August 2018-March 2019 up leg, with buyers only seeming to make progress in stalling this down push yesterday. The short-term simple moving averages (SMAs) of 14- and 21-days still agree with the south move, and furthermore, […]