When the European market opens, such economic data as Industrial Production m/m, Italian Quarterly UnemploymentRate, and German Final CPI m/m will be published. The US will release data on 30-year Bond Auction, Natural Gas Storage, Unemployment Claims, and Import Prices m/m. So, amid the reports, EUR/USD will move in a low to medium volatility during […]

Japan will release the Tertiary Industry Activity m/m, 30-yBond Auction, BSI Manufacturing Index while the US will pusblish such data as 30-year Bond Auction, Natural Gas Storage,Unemployment Claims, Import Prices m/m. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL:Resistance.3:108.97.Resistance. 2:108.76.Resistance. 1:108.54.Support. […]

EUR/JPY is building an increasingly bullish structure, after failing to move closer to 123.60. After peaking at 123.07 we have seen EUR/JPY dip just below 122.26 indicating another first and second wave building in red. This means red wave iii of iii will be even strong and more powerful once it takes over. Red wave […]

GBP/USD Yesterday, the pound sterling moved down from the signal level of 1.2762, overcoming of which would be a sign of further growth to the MACD line of the daily scale in the 1.2875 area. The daily Marlin oscillator signal line continues to move along the boundary of growth and decline zones. On the four-hour […]

AUD/USD The Australian dollar predictably and systematically declines to the first target of 0.6900 – support for the embedded line of the price channel of the higher TF. This morning, the Marlin oscillator signal line entered the zone of negative numbers, which increases the likelihood of the price going below the area of 0.6900 and […]

GBPUSD is near support, a bounce to 1st resistance is possible Entry: 1.2844 Why it’s good : 100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing low support Stop Loss : 1.1256 Why it’s good :38.2% & 61.8% Fibonacci retracement,100% Fibonacci extension, horizontal swing low support Take Profit : 1.1342 Why it’s good: 100% […]

GBPUSD is near support, a bounce to 1st resistance is possible Entry: 1.2844 Why it’s good : 100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing low support Stop Loss : 1.1256 Why it’s good :38.2% & 61.8% Fibonacci retracement,100% Fibonacci extension, horizontal swing low support Take Profit : 1.1342 Why it’s good: 100% […]

Price broke past its major support where we expect to see a further drop to its next support. Entry : 0.6939 Why it’s good : 23.6% Fibonacci retracement, horizontal pullback resistance Stop Loss : 0.6963 Why it’s good : horizontal pullback resistance Take Profit : 0.6901 Why it’s good : Horizontal overlap support, 78.6% Fibonacci […]

Price broke past its major support where we expect to see a further drop to its next support. Entry : 0.6939 Why it’s good : 23.6% Fibonacci retracement, horizontal pullback resistance Stop Loss : 0.6963 Why it’s good : horizontal pullback resistance Take Profit : 0.6901 Why it’s good : Horizontal overlap support, 78.6% Fibonacci […]

USDJPY to test key resistance, a drop to 1st support is possible Entry: 109.012 Why it’s good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance Stop Loss : 109.914 Why it’s good :50% Fibonacci retracement,horizontal swing high resistance Take Profit : 107.854 Why it’s good: 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing […]

USDJPY to test key resistance, a drop to 1st support is possible Entry: 109.012 Why it’s good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance Stop Loss : 109.914 Why it’s good :50% Fibonacci retracement,horizontal swing high resistance Take Profit : 107.854 Why it’s good: 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing […]

Forecast for June 13: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1435, 1.1416, 1.1384, 1.1363, 1.1333, 1.1286, 1.1259 and 1.1214. Here, we continue to monitor the local ascending structure of June 5. The resumption of the upard trend is possible after the […]

Risk appetite on the eve of the G-20 summit may decline, so it is better to pay attention to the yen and sell the dollar and the euro against the Japanese currency. At least, this opinion is shared by BofAML analysts. The bank entered a short position on the EUR/JPY pair as early as last […]

4-hour timeframe The amplitude of the last 5 days (high-low): 88p – 108p – 97p – 41p – 37p. Average amplitude for the last 5 days: 74p (77p). The EUR/USD pair held the third trading day of the week in moderate trading with minimal volatility, although today there were already two events that could cause […]

4-hour timeframe The amplitude of the last 5 days (high-low): 66p – 73p – 74p – 89p – 62p. Average amplitude for the last 5 days: 73p (75p). The British pound sterling shows the lowest volatility in trading on Wednesday, June 12th. The only important macroeconomic report today — inflation in the United States — […]

Crude oil, under pressure since April, lost another 2 bucks today. Is its freefall ending? Or just gathering steam? Find out June 12-14 with your Energy FreePass, which grants you – you guessed it, free access to our entire trader-focused Energy Pro Service. Sign up now. https://bit.ly/31uFBYH Learn How the Wave Principle Can Improve Your […]

Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. For Intraday traders, the price zone around 1.1235 stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23. Short-term outlook turned to become bearish […]

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 […]

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 […]

EURUSD is not making any important move this far today. Price is consolidating near its recent highs above 1.1320. Trend remains bullish and longer-term target is at 1.17, the start of the falling wedge, as long as price holds above 1.1250. Red lines – bullish wedge pattern Green rectangle -support area EURUSD has broken the […]

Gold price remains in a short-term bullish trend. After pulling back towards the 38% Fibonacci retracement, price is now challenging the major resistance area of $1,350 once again. Another rejection in the $1,340-50 area will lead to a reversal that will most probably push prices towards the major support at $1,300. Red line – major […]

Gold price remains in a short-term bullish trend. After pulling back towards the 38% Fibonacci retracement, price is now challenging the major resistance area of $1,350 once again. Another rejection in the $1,340-50 area will lead to a reversal that will most probably push prices towards the major support at $1,300. Red line – major […]

Bitcoin went up and did test the strong resistance at the price of $8.011. The 4H trend is still downward and buying at this stage looks very risky. Our advice is still to watch for selling opportunities. Red downward cloud – Resistance Span B Ichimoku –Top of the cloud resistance $8.108 Red line – Tenkan-sen […]

Gold has been trading upwards in past 24 hours. The price price almost went to test span A of Ichimoku cloud and it failed, which is a sign that buyers are still alive. The trend is very strong on the upside so you should watch for buying opportunities only . Red line – Tenkan-sen (support1 […]

Copper futures for July delivery have unsuccessfully attempted to pierce the upper boundary of the one-month old descending channel (2.695) on Tuesday. The positive momentum in the MACD signals that upside pressures may return in the short-term, but the price may first need to crawl comfortably above 2.711, the 61.8% Fibonacci retracement of the 2.539-2.991 bullish wave, to fuel a stronger buying interest. On the […]