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, […]

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 […]

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 […]

On Thursday evening, the euro and the pound received a strong customer support. The euro almost touched the 1.1285 mark. We expect a new wave of growth of the euro. From the point of view of technical analysis, you can buy at the breakthrough above – to the level of 1.1290 – or buy from […]

Dovish remarks by key Fed officials push greenback lower WTI crude oil at four-week low amid mixed signals in US-Iran conflict Canadian retail sales and more Fed-speak dominate the agenda today Fed’s Williams argues for preventive easing, sends dollar reeling   The greenback continues to attract all the attention, after two influential Fed officials fueled […]

EUR / USD pair Yesterday the euro experienced two hard blows. The first is the news of a possible revision by the ECB of its inflation target, which sent the euro down 34 points and the second is a statement by the head of the New York Fed chief, John Williams. He said the need […]

Crypto Industry News: China is the world leader when it comes to searching for “Facebook Libra” on Google a month after the publication of the white book of stablecoin. According to data from Google Trends, counting from July 18, China is the first on the list of countries that google’s new Facebook cryptocurrency project – […]

GBPJPY is approaching resistance where we might be seeing a reversal below this level. Entry: 135.31 Why it’s good : horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement Stop Loss : 135.89 Why it’s good : 78.6% Fibonacci retracement, Horizontal swing high resistance Take Profit : 134.60 Why it’s good: Horizontal overlap support, 50% […]

USDCAD experienced an uneventful week, moving sideways between the 20-day simple moving average (SMA) and its new ten-month low of 1.3015. In Ichimoku indicators, the red Tenkan-sen is flattening well below the blue Kijun-sen, while the RSI and the MACD keep gaining ground in the bearish territory, all signaling a neutral bias for the short-term. The 20-day […]

GBPJPY is still facing signs of a fading descending move as the RSI and the MACD keep moving higher, posting a positive divergence at a time when price seems to be edging lower in the daily timeframe. Currently, the pair is finding strong resistance at the red Tenkan-sen line of the Ichimoku cloud after it […]

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 […]

4-hour timeframe The amplitude of the last 5 days(high-low): 74p – 60p – 67p – 125p – 75p. The average amplitude over the last 5 days: 80P(81p). The British pound is finally able to breathe more or less freely after a report on retail sales in the UK in July showed an increase and was […]

4-hour timeframe The amplitude of the last 5 days (high-low): 41p – 37p – 31p – 62p – 34p. Average amplitude over the last 5 days: 41p (47p). From a technical point of view, the downward movement of the EUR/USD pair is absolutely logical. The price has fulfilled the critical Kijun-Sen line, and as the […]

The euro/dollar pair cannot determine the vector of its movement. The weakness of the European currency pulls the price down to the borders of the 11th figure, but the uncertainty of traders in the development of further dollar rally does not allow the EUR/USD bears to identify new price horizons. In general, the fundamental picture […]

Back in June, Temporary Bullish breakout above 1.1335 was demonstrated (suggesting a high probability bullish continuation pattern). However, 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 […]

The dollar is falling steadily against the basket of major currencies on the second day against the background of weak data on US Treasury bonds and the housing sector. Now, investors are likely to estimate the Fed’s interest rate cut for the first time in a decade. Expectations of a 25 basis point rate cut […]

Remember that “completed pattern that should lead to a significant move” we told you about yesterday? Well sports fans, gold traded today at a 6-year high while silver closed at its highest level in over than a year. You can read the analysis now. https://bit.ly/31Nha9f Learn How the Wave Principle Can Improve Your Trading

USDCAD at 1.3030 has challenged the lower boundary of its long-term upward sloping channel from September of 2017 lows. Price has the potential to stage a bullish reversal especially if price breaks above 1.3140. Blue upward sloping lines – long-term bullish channel The decline from 1.3550 could already be over. Price has reached the lower […]

GBPUSD The pound managed to continue its upward correction, which has been observed since yesterday. More than good data on the growth of retail sales in the UK returned to the market even pessimistic traders on bullish growth. The report, which was published today, indicated a sharp increase in retail sales after a decline for […]

GBPUSD The pound managed to continue its upward correction, which has been observed since yesterday. More than good data on the growth of retail sales in the UK returned to the market even pessimistic traders on bullish growth. The report, which was published today, indicated a sharp increase in retail sales after a decline for […]

EURUSD tried to bounce of the 1.12 support area towards the critical 1.1250 resistance. Price reached 1.1244 but got sharply rejected and price fell back towards 1.12. So far support remains intact. Bulls need to recapture 1.1250 in order to hope for a move towards 1.1350-1.14. Red rectangle -major short-term resistance Black line -resistance trend […]

EURUSD tried to bounce of the 1.12 support area towards the critical 1.1250 resistance. Price reached 1.1244 but got sharply rejected and price fell back towards 1.12. So far support remains intact. Bulls need to recapture 1.1250 in order to hope for a move towards 1.1350-1.14. Red rectangle -major short-term resistance Black line -resistance trend […]

Gold price after it broke above the short-term resistance of $1,415-20 has reached $1,430 and is now back testing the break out area around $1,420. Failure to stay above the break out level will be a bearish sign and a sign of a false break out. Yellow rectangle – major resistance and double top Black […]

EUR did trade lower in past few hours and we got flush down into the support at the price of 1.1200. Anyway, since the drop happened very fast, in my opinion there is potential for recover up. You should watch for buying opportunities since the EUR is trading near the support levels at the price […]