When the European market opens, some economic data such as Flash Services PMI, Flash Manufacturing PMI, German FlashServices PMI, German Flash Manufacturing PMI, French Flash Manufacturing PMI, and French Flash Services PMI will be released. The US will publish such economic data as Existing Home Sales, Flash Services PMI, and Flash Manufacturing PMI.So, amid the […]

AUD / USD pair The Australian dollar showed a not so bad growth of 42 points yesterday and now, it may have doubts about the advisability of further growth, especially on Friday. On the four-hour chart, the price is fixed above the balance lines and MACD indicator. The Marlin oscillator does not indicate a decrease. […]

EUR/USD On the second day following the “dovish” Federal Reserve meeting, that is, yesterday, the markets began to play more actively against the dollar; oil has risen in price by 5.14%, gold by 2.06%, and today in the Asian session it adds the same amount. Despite the Fed’s clear instructions to lower the rate once […]

EUR/USD On the second day following the “dovish” Federal Reserve meeting, that is, yesterday, the markets began to play more actively against the dollar; oil has risen in price by 5.14%, gold by 2.06%, and today in the Asian session it adds the same amount. Despite the Fed’s clear instructions to lower the rate once […]

GBP/USD On Thursday, the pound sterling currently grew by more than 80 points. This is a solid growth, so the strength to overcome the resistances in the form of the price channel line of the weekly timeframe and the balance line (indicator red) was no longer enough. On the four-hour chart, the Marlin oscillator signal […]

EURUSD is near resistance, a drop to 1st support is possible Entry: 1.1315 Why it’s good : 61.8% Fibonacci extension, horizontal overlap resistance Stop Loss : 1.14127 Why it’s good :100% Fibonacci extension Take Profit : 1.1251 Why it’s good: 100% Fibonacci extension, 50% Fibonacci retracement, Horizontal pullback support The material has been provided by […]

Price reversed off its resistance where we expect to see it drop further to its support at 0.6896. Entry : 0.6934 Why it’s good : 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance Stop Loss : 0.6958 Why it’s good : 100% Fibonacci extension Take Profit : 0.6896 Why it’s good : 38.2% Fibonacci […]

Price has continued to drop nicely.We expect to see a further drop from here.The tumble could continue till it reaches the 100% FIbonacci extension at 106.678. Entry : 107.832 Why it’s good : horizontal pullback resistance,50% Fibonacci retracement, 61.8% Fibonacci extension Take Profit : 106.678 Why it’s good : 100% Fibonacci extension The material has […]

Let me bring to your attention a comprehensive analysis of options for the movement of the currency instruments EUR / USD vs USD / JPY vs EUR / JPY at the Minuette (H4 time frame) operational scale from June 21, 2019. ____________________ Euro vs US Dollar The development of the movement of the single European […]

The British pound continued its growth against the US dollar, completely ignoring the weak report on retail sales. The demand for the pound has been observed since the beginning of the week, when it became clear that the monetary policies of the Bank of England and the US Federal Reserve may begin to diverge in […]

4-hour timeframe The amplitude of the last 5 days (high-low): 36p – 86p – 43p – 62p – 67p. Average amplitude for the last 5 days: 59p (58p). For most of the day, the euro has strengthened against the dollar, influenced by the very same FOMC meeting that was announced last night, and the same […]

Crude, gold, bonds, stocks, cryptos — these markets are all movin’! Need intraday guidance to help you catch the next wave? Check out our Pro Service coverage. https://bit.ly/2MOGwzV Learn How the Wave Principle Can Improve Your Trading

Crude, gold, bonds, stocks, cryptos — these markets are all movin’! Need intraday guidance to help you catch the next wave? Check out our Pro Service coverage. https://bit.ly/2MOGwzV Learn How the Wave Principle Can Improve Your Trading

Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the period between May 17th and June 5th, a bearish breakdown below 1.1175 was temporarily achieved. […]

BTC has been trading upwards. BTC re-tested the swing high at the price of $9.440 and reacted lower, which is sign that buying at this stage looks risky. Watch for potential selling opportunities. Blue rectangle – Short-term resistance Yellow rectangle – Support Blue lines- Downward slopping Pitchfork channel Potential double top formation is forming at […]

On May 3rd, the GBPJPY pair initiated the depicted bearish movement channel around 146.45. On March 21st, another visit towards the upper limit of the same channel (141.70) was demonstrated. Since then, the depicted downtrend/channel has been intact until June 4 when the pair failed to achieve a new low below 136.50. This was followed […]

On April 26, another bullish pullback was initiated towards the price zone of 1.3130-1.3170 (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 lower […]

GBPUSD was expected to push higher towards 1.2758-1.2863. FOMC meeting minutes yesterday did bring us new momentum on GBP, which is positive sign for further GBP advancing. Blue rectangle – Support Yellow rectangle – Resistance 1 Pink rectangle – Resistance 2 Red lines – Downward channel Black lines- Upward Pitchfork channel EURUSD did fake breakout […]

GBPUSD was expected to push higher towards 1.2758-1.2863. FOMC meeting minutes yesterday did bring us new momentum on GBP, which is positive sign for further GBP advancing. Blue rectangle – Support Yellow rectangle – Resistance 1 Pink rectangle – Resistance 2 Red lines – Downward channel Black lines- Upward Pitchfork channel EURUSD did fake breakout […]

Bitcoin managed to reinforce momentum. Now it is above $9,000 with a daily close. As the price has no Bearish indication or Divergence to follow, it is currently being held by the dynamic levels as support. BTC is heading towards the psychological level of $10,000. Over the past 24 hours, BTC has regained its composure […]

Bitcoin managed to reinforce momentum. Now it is above $9,000 with a daily close. As the price has no Bearish indication or Divergence to follow, it is currently being held by the dynamic levels as support. BTC is heading towards the psychological level of $10,000. Over the past 24 hours, BTC has regained its composure […]

Investors have been expressing extreme enthusiasm for bonds. Is a turning point nigh? Chart price patterns are a useful aide in figuring out the answer … 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 […]

Overview: The GBP/USD pair continues to move downwards from the level of 1.2905. This week, the pair rose from the level of 1.2905 to a top around 1.2800 and it set around the spot of 1.2800. The first resistance level is seen at 1.2905 followed by 1.2963 , while daily support 1 is seen at […]

US30 stock index (Dow Jones) is currently flirting with May’s peak of 26,707 but the positive momentum in the MACD, which trends above its red signal line, suggests that September’s record high of 26,951 could be achievable as well. Still, the RSI warns that the market is approaching overbought territory and hence downside corrections cannot […]

WTI oil futures for August delivery managed to break resistance around the 50% Fibonacci of the 42.53-66.57 upleg and pick up steam towards a new three-week high of 56.33 on Thursday. However, buyers would like to see prices running above the 38.2% Fibo of 57.37 and the 200-period simple moving average (SMA) in the four-hour chart to put […]