This week, the main resistance is the June monthly short circuit. A test of this zone will result in a sentence in most cases. A small out of the zone is possible, since the weekly range of the middle stroke is located just above it. The “false breakout” pattern of last week’s high is suitable […]

BITCOIN managed to sustain bullish momentum above $9000 area despite certain retrace and retest off the level recently. The price broke below the short-term trend line support held by the dynamic levels as support. Bitcoin incurred a massive influx of buying pressure that sent it surging past its previous resistance levels that existed around $9000. […]

When the European market opens, some economic data such as Italian Trade Balance, Current Account, and German PPI m/m will be released. The US will publish such economic data as Federal Funds Rate and Crude Oil Inventories. So, amid the reports, EUR/USD will move in a medium to high volatility during this day. TODAY’S TECHNICAL […]

Today, Japan will release the Trade Balance reposrt while the US will publish such economic data as Federal Funds Rate and Crude Oil Inventories.So, there is a probability that the USD/JPY pair will move with medium to high volatility during this day. TODAY’S TECHNICAL LEVEL:Resistance. 3:109.15.Resistance. 2:108.95.Resistance. 1:108.73.Support. 1:108.46.Support. 2:108.25.Support. 3:108.04. (Disclaimer) The material has […]

Crypto Industry News: Lithuania is preparing new regulations regulating cryptocurrency transactions, requiring enterprises to prove the identity of customers, reports the local newspapper. As part of its obligations to comply with EU anti-money laundering regulations, the Lithuanian Ministry of Finance will seek to fully formalize the cryptographic exchange operations. Parliament approved the move during the […]

Crypto Industry News: The social media giant, Facebook, today published the white book of its long-awaited project of financial infrastructure based on cryptocurrencies and Blockchain. According to the document, Facebook’s global stablecoin, referred to as “libra”, will operate on the native and scalable Blockchain Libra and will be supported by a reserve of assets allegedly […]

Technical Overview: The EUR/USD pair has broken through the technical support at the level of 1.1206 and made a new local low at the level of 1.1181. The market is now moving inside of a descending channel and the bears aim for the level of 1.1118. As long as the price stays under the technical […]

Technical Overview: The GBP/USD pair has made Bullish Engulfing candlestick pattern at the level of 1.2511, so the bulls are trying to bounce. The momentum is weak and negative, so it supports the move down, but the market conditions are starting to bounce from the oversold levels, so some kind of the local-pull back is […]

AUD / USD pair Yesterday, the Australian dollar grew by 24 points after testing the embedded line of the price channel on the daily chart below. On the H4 chart, the Marlin oscillator is in a growing position, but the price still remains below the balance line (red indicator) and the MACD line (blue indicator). […]

GBP/USD On Tuesday, the pound sterling failed to consolidate below the target level of 1.2530, which created a convergence with the Marlin oscillator on the daily scale chart, which creates an increased probability of price growth to the previous target level of 1.2610. But the daily marlin signal line might go below the pink line […]

EUR/USD Everything is bad for the euro on Tuesday. Eurozone’s trade balance for April was 15.3 billion euros against expectations of 16.4 billion, the eurozone ZEW business sentiment index for June fell from -1.6 to -20.2 points, Mario Draghi reiterated that the ECB might lower the rate further and directly buy back assets on its […]

The downward movement of the current week continued the momentum of the previous one. The main purpose of the fall can be considered the range of the average weekly course. It is located near the June low, which makes these levels decisive in the medium term. For those who keep sales from the current or […]

Last week, the close of trading occurred outside the middle course, which allows you to work in the purchases with a probability of a return of 90%. The level of the lower limit of the average course of last week is at 0.6914. For those who have already entered a long position, this level will […]

Forecast for June 19: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1268, 1.1246, 1.1231, 1.1194, 1.1181, 1.1153 and 1.1131. Here, we continue to follow the development of the downward cycle of June 12. The continuation of the movement to the bottom is […]

Let me bring to your attention a comprehensive analysis of options for the development of the movement of currency instruments EUR / USD vs USD / JPY vs EUR / JPY on a Minuette operational scale (H4 time frame) from June 19, 2019. ____________________ Euro vs US Dollar The movement of the single European currency […]

On Wednesday, traders will focus on the Committee members’ projections on where the Federal funds rate will be. In December last year, financial officials predicted two rounds of monetary tightening; in March – none. Now the forward market estimates the probability of a rate reduction in 2019 at 89%. If the US regulator does not […]

4-hour timeframe The amplitude of the last 5 days (high-low): 62p – 77p – 46p – 102p – 76p. Average amplitude for the last 5 days: 73p (75p). If the EUR/USD currency pair resumed its fall today against the background of the “dovish” speech of ECB head Mario Draghi, then the pound/dollar pair continued to […]

4-hour timeframe The amplitude of the last 5 days (high-low): 37p – 61p – 36p – 86p – 43p. Average amplitude for the last 5 days: 53p (52p). The EUR/USD pair ended the second trading day of the week with a new decline and also updated the local low. Today, there were enough factors for […]

The euro-dollar pair did not keep the support level of 1.1210 and impulsively dropped to two-week lows, that is, to the level of 1.1182. In this price area, the pair met the opposite resistance of buyers, so the downward dynamics has so far stalled. But if in the near future the price does not return […]

European currency slumped against the US dollar after today’s speech by European Central Bank President Mario Draghi, who signaled his intention to lower interest rates, if the situation requires it. Immediately after that, US President Donald Trump spoke out with criticism of the ECB, but first things first. During the press conference, ECB President Draghi […]

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Countless news articles have stated how the oil market influences the stock market, but sometimes these articles offer opposing explanations. How can investors find out the real relationship between oil and stock prices? This chart will make the answer clear as day … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave […]

Countless news articles have stated how the oil market influences the stock market, but sometimes these articles offer opposing explanations. How can investors find out the real relationship between oil and stock prices? This chart will make the answer clear as day … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave […]

On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]

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 20th, a bearish breakdown below 1.1175 was temporarily achieved. As […]