GBP/USD has been trading upwards as we expected. The price tested the level of 1.2760. The level at 1.2760 is very important resistance. The potential breakout of 1.2760, would confirm further upward continuation. Blue rectangle – horizontal resistance Red line – Tenkan-sen (support1 at 1.2713) Blue line – Kijun-sen (support2 at 2 1.2706) Our analysis […]

To open long positions on GBP/USD, you need: The weakness of the US dollar is clearly seen in the pair with the British pound, where buyers have coped with the next task, and, despite the emerging divergence on the MACD indicator, fixed above the resistance of 1.2728. While trading is conducted above this level, it […]

To open long positions on EURUSD, you need: Euro buyers failed to stay above the important support level of 1.1330 and missed it after the speech of the President of the European Central Bank Mario Draghi. At the moment, it is best to expect a return to the market of buyers after updating the support […]

The euro/pound cross-pair rose by almost 500 points in May. Northern dynamics were almost recoilless and was caused primarily by Brexit. Against the background of the British problems, the single currency looks much more attractive, even despite the slowdown in the key economic indicators of the Eurozone (primarily inflation). But in early June, the EUR/GBP […]

The weak report on US employment for May and the associated increase in the probability of lowering the federal funds rate by 50 bp in 2019 to more than 80% allowed “bulls” on XAU/USD to return quotes to the area of 13-month highs. The USD index, on the contrary, fell to its lowest level since […]

On June 7, the Dow Industrials climbed 263 points even as the latest U.S. jobs numbers disappointed. See how financial journalists scrambled to make the big news of the day fit the stock market’s price action – and learn how to forecasts stocks without relying on the news. Subscribe to Elliott Wave International’s YouTube Channel: […]

Today, traders will continue to focus on the ongoing trade dispute between United States and China. On Monday, Donald Trump said that the US will place tariffs on more goods from China if a meeting does not take place in the upcoming G20 meeting. China has yet to confirm if XI will meet with Trump. […]

US dollar is the most important currency in the world because of the role it plays as the reserve currency. Every day, businesses and individuals’ transactions with the dollar total more than $10 trillion. Therefore, the strength or weakness of the US dollar is so important because it determines the cost of goods. For example, […]

Netflix stock price posted a significant red day on Tuesday, heading below the short-term moving averages in the daily timeframe, creating a neutral bias. The RSI indicator dropped beneath the 50 level, while the MACD oscillator is weakening below the trigger line over the last month, but it is still developing in the negative territory. In […]

USDMXN has dropped considerably over the previous couple of days, after the negative gap, remaining within the 200- and 50-day simple moving averages (SMAs).  Currently, the pair is also hovering in the Ichimoku cloud and is trying to surpass the 23.6% Fibonacci retracement level of the downleg from 20.6540 to 18.7440 near 19.1938. Looking at […]

GBP/USD The upward wave of the British currency from May 31 has no reversal potential and acts as a correction of the previous section of the main trend from May 3. The structure of the wave is not showing completeness. Since June 7, the pound quotes form the middle part (B) of the structure, which […]

The price of corn rose sharply yesterday after the United States Department of Agriculture (USDA) released the World Agricultural Supply and Demand Estimates (WASDE). This is a monthly report that gives investors and farmers a forecast of the demand and supply of agricultural commodities. In the report, the department said that the production of corn […]

The Swiss National Bank will hold its quarterly policy meeting on Thursday with the announcement expected at 07:30 GMT. No changes in the Bank’s super low interest rates are being anticipated, but with the Swiss franc appreciating substantially in recent weeks on the back of growing global uncertainties such as trade frictions and Brexit, the […]

GBP managed to gain momentum and sustain it quite well over USD recently. After impulsive bearish pressure, the price is making pullbacks. Due to contraction in the UK GDP and a slowdown in the manufacturing sector, GBP is expected to lose momentum in the coming days. Bank of England official Gertjan Vlieghe recently stated that […]

Bitcoin managed to gain bullish momentum following a bounce from $7,500 as expected. Now there is a greater probability for the price to continue its climb with a target towards $8,000 in the coming days. A recent poll shows that the majority of crypto investors have never experienced a transition from a bear market into […]

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 […]

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 […]

EURJPY had a bearish start on Wednesday, approaching the mid-level of the Bollinger Band (20-simple moving average) in the 4-hour chart, after the pullback on the three-week high of 123.15. The RSI and the MACD are suggesting a possible overstretched market as both are returning lower. The MACD is heading below the trigger line in the positive […]

The dynamics of producer prices in May was close to forecasts, the growth was only 0.1%, business optimism indices from NFIB and IBD/TIPP gave the opposite results, without adding clarity. Markets traded neutrally, taking advantage of the temporary respite due to the lack of news from the fields of the trade war between the US […]

US dollar drifts lower as markets await US inflation data for Fed rate clues Stocks turn negative as Trump says he’s “holding up the deal” with China Euro eyes fresh highs, gets a lift from Trump’s currency comments Risk appetite fades as US-China deal looking unlikely at G20 US stocks ended their five-day winning streak […]

EURGBP gained further positive traction this week, with the rally peaking at a fresh five-month high on Tuesday, marginally below the key resistance level of 0.8935. Technically the market could stretch the uptrend higher as long as the price keeps increasing its distance above its simple moving averages (SMA). The rising Tenkan-sen and a strong MACD above its red signal line is an indication that momentum […]

Crypto Industry News: According to the published press release, Nasdaq, the second largest stock exchange in the world, and the CryptoCompare cryptographic data provider, have established a cooperation aimed at introducing a cryptocurrency valuation product targeted at institutional investors. The new product, named “Nasdaq / CryptoCompare Aggregate Crypto Reference Prices”, will be made available on […]

AUDUSD continues to fall below the Ichimoku cloud, remaining in a downtrend over the last six months, stretching its movement towards the 0.6900 psychological level. According to the RSI, negative momentum could push for further losses in the short-term as the indicator loses steam below its neutral threshold of 50. The stochastic oscillator is also declining, approaching […]

Crypto Industry News: The Russian parliament, the State Duma, is considering imposing administrative responsibility for the extraction of cryptocurrencies, as reported by the local press agency TASS. In an interview with TASS, Anatoly Aksakov, chairman of the State Duma Committee on Financial Market, said that the government could introduce administrative responsibility for the extraction of […]

Technical Market Overview: The GBP/USD pair continues to trade inside of a narrow range located between the levels of 1.2652-1.2761. The momentum is barely holding the neutral fifty level and it looks like is about to go lower as well. The stochastic is in the middle of the range now, so all sum up there […]