In the past few weeks, XM continued its forex trading seminar road tour across Thailand, reaching two further event locations: Phitsanulok on 8th and Udon Thani on 22nd June. Well-known forex instructor Sompop Jittrakul, who was the keynote speaker of the seminar in each city, delivered his presentation to seminar attendees on the topic titled […]

AUDUSD has been extending its gains since the previous week following the strong support on the five-month low near 0.6830. The pair surpassed above the 20- and 40-day simple moving averages (SMAs) which are ready to post a bullish crossover, signaling further upside momentum. However, the stochastic oscillator seems to be losing momentum in the overbought territory, […]

The USD/CAD pair managed to sustain bearish momentum. The pair moved below 1.3200 area. Though the price was volatile, the preceding bearish trend was quite dominant. The pair was expected to drop but certain retrace or pullback may occur. Market participants are focused on the Fed’s decision on the key rate cut. This uncertainty puts […]

Technical outlook: The EURUSD pair might have formed an intermediary top at 1.1412 levels, the interday high for June 25, 2019. The single currency pair might be ready for a deeper correction towards 1.1270/90 levels in the coming trading sessions before it could resume its uptrend further. It is expected to counter-trend rally in the […]

USD / JPY pair On Tuesday, the USD/JPY pair had an upward reversal from the price channel line with the support of double convergence on the daily chart and the convergence forming on the four-hour chart. On H4, the Marlin oscillator signal line is already in the growth zone. In order to confirm the price […]

With the break back below important short-term support at 135.91 GBP/JPY can go both ways. The downside is vulnerable again and a final dip closer to 134.50 cannot be ruled out to complete wave 2. Only a direct break back above minor resistance at 137.13 will confirm that wave 2 already has completed and wave […]

GBP/USD On Tuesday, the pound sterling met a strong resistance level of February this year – with a mid-month reversal zone, where it was also hampered by the daily balance line. The pound fell to close below the MACD line on the four-hour chart. The consolidation of the Marlin oscillator signal line on H4 was […]

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Forecast for June 26: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. At the moment, the price is in the correction. […]

The euro quite quickly overcame the highs one after another when paired with the dollar. The “news” so hastily climbed up that they did not pay attention to the deterioration of the German business climate and did not take into account the fact that the German economy is in a depressed state. On Tuesday, market […]

The euro quite quickly overcame the highs one after another when paired with the dollar. The “news” so hastily climbed up that they did not pay attention to the deterioration of the German business climate and did not take into account the fact that the German economy is in a depressed state. On Tuesday, market […]

4-hour timeframe The amplitude of the last 5 days (high-low): 59p – 131p – 96p – 104p – 59p. Average amplitude for the last 5 days: 90p (93p). On Tuesday, June 25, the British pound sterling also started to adjust, and the pound/dollar pair worked off the Kijun-sen critical line. Meanwhile, the main candidate for […]

4-hour timeframe The amplitude of the last 5 days (high-low): 59p – 131p – 96p – 104p – 59p. Average amplitude for the last 5 days: 90p (93p). On Tuesday, June 25, the British pound sterling also started to adjust, and the pound/dollar pair worked off the Kijun-sen critical line. Meanwhile, the main candidate for […]

4-hour timeframe The amplitude of the last 5 days (high-low): 62p – 67p – 92p – 95p – 37p. Average amplitude for the last 5 days: 71p (72p). The presidency of Donald Trump began with the fact that he regularly declared the “high cost” of the national currency, that is, the dollar. During the first […]

The Australian dollar updated its annual low against the US currency last week, dropping to the 68th figure. However, the pair turned and moved up. After several days of growth, the aussie has come to the key resistance level of 0.7000. For many months, bears of the pair tried to push this level through, and […]

Passions around Iran and the US are heating up. This morning it became known that yesterday the US president signed a decree on sanctions against the leader of the Islamic Republic, Ayatollah Ali Khamenei, which is also directed against other leaders of the country associated with the supreme leader. It is also expected that sanctions […]

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BTC has been trading upwards and there is the breakout of the horizontal trading range. My advice is to watch for buying opportunities. The projected upward target is set at the price of $12.000 Purple rectangle – important support Gray rectangle – projected target Red line – Upward most recent trend line I found breakout […]

On April 26, another bullish pullback was initiated towards the price zone of 1.3130-1.3170 (the upper limit of the movement channel) where the depicted bearish Head and Shoulders reversal pattern was demonstrated on the H4 chart with neckline located around 1.2980-1.3020. Bearish breakdown below 1.2980 allowed the recent significant bearish movement to occur towards the […]

Gold has tested and rejected from our major parallel resistance at the price of $1.436. In my opinion gold is in big extended run and downward correction is very likely to happen in next period. Watch for selling opportunities. Blue lines – Pitchfork upward channel Purple rectangle – Support 1 Red line – Upward most […]

Gold price has moved closer to our $1,440-50 target area of 161.8% Fibonacci extension. Price reached $1,439 but we now observe some warning signs in the RSI. This is not the time to be opening long positions. This is the time to take profits, raise stops or remain neutral. Blue lines – bearish divergence In […]

Gold is trading at highs not seen since 2013. Will the rally continue? First, let’s talk about how we got here … 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: http://bit.ly/EWI-Twitter –LinkedIn: http://bit.ly/EWI-LinkedIn –Website: http://bit.ly/ElliottWaveInternational Learn How the Wave Principle Can Improve Your Trading

4-hour timeframe Technical data: The upper linear regression channel: direction – up. The lower linear regression channel: direction – up. The moving average (20; smoothed) – up. CCI: 114.7640 Gold from May 30 rises in price continuously. For almost a month, the most famous drag metal managed to rise from $1,280 to $1,425. And the […]

4-hour timeframe In the last two weeks, oil of all sorts has increased in price. As usual, there are plenty of factors influencing oil pricing. The main factor, in our view, is the weakening of the US dollar on all fronts, caused by weak macroeconomic statistics in recent weeks, as well as the “dovish” attitude […]

To open long positions on GBP/USD, you need: Buyers of the pound were unable to hold the resistance of 1.2762, which was expected to lead to a correction. At the moment, the task will be to hold the pair above the support of 1.2720, and the formation of a false breakout there will be a […]