To open long positions on EURUSD, you need: A weak inflation report on producer prices, which fell, once again allowed euro buyers to form only a small upward correction, which was limited by the resistance of 1.1307. At the moment, the task of the bulls remains the same. A break and consolidation above 1.1307 will […]

The S&P 500 index is widely followed but it by no means tells the whole story of the stock market. Get important insights into the performances of another index as you look at this chart … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: –Facebook: http://bit.ly/EWI-Facebook –Twitter: […]

The S&P 500 index is widely followed but it by no means tells the whole story of the stock market. Get important insights into the performances of another index as you look at this chart … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: –Facebook: http://bit.ly/EWI-Facebook –Twitter: […]

Since May 17, the previous downside movement within the depicted bearish channel was paused allowing the recent sideway consolidation range to be established between 1.2750 – 1.2570 with a prominent key-level around 1.2650. On June 4, temporary bullish consolidations above 1.2650 were demonstrated for a few trading sessions. However, the price level of 1.2750 (consolidation […]

The Australian dollar has lost ground against the US dollar after the RBA announced its intention to lower its interest rate. What is more, the greenback was supported by optimistic NFP expectations. The RBA Official Cash Rate report has been published today. It indicated a decrease to 1.00% as expected from the previous value of […]

According to Goldman Sachs, the active policy easing by the European Central Bank (ECB) could give a fresh impulse to the euro decline. “Strengthening the expectations regarding the reduction of the interest rate the Fed provided some support for the EUR / USD pair , but attempts to grow because it may be unsustainable. We […]

The central banks of economically developed countries seem to be confident that the Fed will start lowering interest rates this year, which was clearly manifested in the decision of the Reserve Bank of Australia. They decided to lower the key interest rate by 0.25%, from 1.25% to 1.00% at today’s meeting. As it seems to […]

Negative news on the possible trade war Trump – Europe – due to claims against Airbus from Boeing (Airbus has government support that prevents equal competition) – this led to a strong decline in the euro, which is below 1.1300. The growth trend for the euro stopped, then return to the range – the boundaries […]

Facebook stock price advanced to a fresh one-month high of 195.00 yesterday before ending the day in the red. Momentum indicators signal are neutral to bullish with the RSI flattening in the positive territory and the MACD stretching to the upside above trigger and zero lines. However, the red Tenkan-sen line, which is above the blue kijun-sen line, […]

EUR / USD On Monday, July 1, trading ended for the pair EUR / USD by a decrease of 80 basis points. Such a decline so far fits into the current wave counting, which implies the construction of a downward wave 2 in the composition of wave 3. If this is true, then from the […]

The services PMI out of the UK will be in focus for pound traders on Wednesday at 0830 GMT. But if the manufacturing and construction PMIs are anything to go by, there’s unlikely to be much to cheer about from June’s services activity report. Growing risks of a disorderly Brexit and signs the UK economy […]

To open long positions on EURUSD you need: Euro buyers began to enjoy good data on unemployment in the eurozone, but after a slight correction, the bears returned to the market. At the moment, it is best to look at long positions on a false breakdown around 1.1273, with confirmation of divergence on the MACD […]

The US dollar index has gained some remarkable ground after the climb above the 23.6% Fibonacci retracement level of the upward movement from 88.10 to 98.25 near 95.84. Currently, the index is failing to surpass the 200-day simple moving average (SMA), which coincides with the 96.40 resistance, flirting with a possible drop. However, the stochastic oscillator […]

Trend analysis (Fig. 1). On Tuesday, the price may continue moving downwards with the first target – a pullback level of 61.8% – 1.2612 (blue dashed line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis […]

The pound against the dollar gradually returns to the boundaries of the 25th figure amid a pessimistic fundamental picture and the recovery of the American currency. However, the revaluation of the greenback is of optional importance in this case, considering the gloomy prospects of the “divorce process” of Britain and the European Union. Only three […]

Technical outlook: The EUR/USD pair dropped to 1.1275 in the early hours of trade today before bouncing back. The price is seen to be trading around 1.1290 levels at this moment. The wave structure discussed earlier has been again presented here on the hourly chart with labeling. The initial rally from 1.1180 through 1.1412 levels […]

EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair performed a fall to the correctional level of 50.0% (1.1278). The rebound of the pair from the Fibo level of 50.0% will allow traders to count on a reversal in favor of the EU currency and some growth in the direction of the […]

WTI crude oil futures are on course to jump above the 20-simple moving average (SMA) after they found crucial support at the 50.0% Fibonacci retracement level of the downleg from 66.60 to 50.60 near 58.58 over the last sessions. Having a look at the technical indicators, the MACD oscillator is creating a bearish divergence as […]

Technical Overview: The GBP/USD pair jas broke out of the consolidation zone located between the levels of 1.2746 – 1.2652 and now is heading lower towards the next technical support seen at the level of 1.2605. Please notice the 61% Fibonacci retracement that is located at the level of 1.2611, just above the support. This […]

RBA reduces rates again, but aussie remains unfazed Dollar recovers as July rate-cut bets are scaled back EU leaders resume talks over top jobs; Global PMIs due RBA cuts, but can’t keep the aussie down The Reserve Bank of Australia (RBA) slashed interest rates earlier today, for the second time in two meetings, indicating that […]

Bitcoin – the world’s first cryptocurrency – is eyeing highs not reached since the early parts of 2018 as it almost breaks above $14,000. But as many individuals who invested in the cryptocurrency during its heydays in late 2017 celebrate its revival, has the latest rally already started to lose steam? There are several theories […]

EUR/USD So it happened. On Monday, the euro lost 84 points, and this may indicate a withdrawal of players from speculative purchases of the 3rd decade of June. Business media explains yesterday’s growth as a market reaction to a truce between the US and China, although in reality China remains under the same duties and […]

For the first time, and with special respect to our existing and new Pakistani clients intent on getting educated about forex trading, XM hosted a seminar in the city of Lahore on 22nd June. The seminar, which took place at Pearl Continental Hotel Lahore, aimed to cater for the needs of both beginner and more […]

GBPUSD touched the upper Bollinger band around the 1.2780 resistance level in the previous week, driving the market lower, below the 40-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downfall from 1.3380 to 1.2500 near 1.2712. The pair continues the selling interest in the medium-term as it is confirmed by […]

GBPUSD touched the upper Bollinger band around the 1.2780 resistance level in the previous week, driving the market lower, below the 40-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downfall from 1.3380 to 1.2500 near 1.2712. The pair continues the selling interest in the medium-term as it is confirmed by […]