Technical Market Overview: The EUR/USD pair step by step is slowly climbing higher towards the technical resistance at the level of 11347, but there is a clear bearish divergence between the price and momentum oscillator in overbought market conditions. If the local technical support at the level of 1.1305 is clearly violated, then the sell-off […]

When the European market opens, some economic data such as German 10-year Bond Auction, French Final Private Payrolls q/q will be released.The US will publish the Federal Budge balance, 10-year Bond Auction, Crude Oil Inventories, Core CPI m/m, and CPIm/m. Ahead of the reports,EUR/USD will move in a low to medium volatility during this day. […]

IJapan will release the PPI y/y, Core Machinery Orders m/m. The US will publish such economic data as Federal Budget Balance,10-year Bond Auction, Crude Oil Inventories, Core CPI m/m, CPI m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance.3:109.07.Resistance. 2:108.86.Resistance. 1:108.64.Support. 1:108.38.Support. […]

IJapan will release the PPI y/y, Core Machinery Orders m/m. The US will publish such economic data as Federal Budget Balance,10-year Bond Auction, Crude Oil Inventories, Core CPI m/m, CPI m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance.3:109.07.Resistance. 2:108.86.Resistance. 1:108.64.Support. 1:108.38.Support. […]

Japan will release the PPI y/y, Core Machinery Orders m/m. The US will publish such data as Federal Budget Balance,10-y Bond Auction, Crude Oil Inventories, Core CPI m/m, CPI m/m. So, there is a probability the USD/JPY will move with low to mediumvolatility during this day. TODAY’S TECHNICAL LEVEL:Resistance.3 :109.07.Resistance. 2:108.86.Resistance. 1:108.64.Support. 1:108.38.Support. 2:108.16.Support. 3:107.95.(Disclaimer) […]

EUR/JPY is expected to move to at least 123.60 as the next minor target on the way higher. Longer-term much higher levels are expected as the rally from 120.75 gathers upside momentum. Short-term minor support at 122.56 is expected to protect the downside for the move closer to the 123.60 target. From the 123.60 the […]

USD/JPY Our expectations of a difficult and ambiguous rise of the USD/JPY pair from the expected bottom in the area of 107.78 are justified. On a four-hour scale, the price failed to gain a foothold over the MACD line (indicator blue), which formed a divergence with the Marlin oscillator. The gap at the opening of […]

Dear colleagues. For the currency pair euro/dollar, we continue to monitor the local upward structure of June 5; the level of 1.1363 is the key resistance and the level of 1.1259 is the key support. For the currency pair pound/Dollar, the upward trend is expected after the breakdown of 1.2755. For the currency pair dollar/franc, […]

GBPUSD to test key resistance, a drop to 1st support is possible Entry: 1.2764 Why it’s good : 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance Stop Loss : 1.2871 Why it’s good :50% Fibonacci retracement,100% Fibonacci extension, horizontal pullback resistance Take Profit : 1.2652 Why it’s good: 61.8% Fibonacci retracement, 61.8% Fibonacci […]

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EURUSD has held above support at 1.1230-1.1250. This is a bullish sign. The longer price stays above this area of support, the higher the chances of seeing a new push higher towards 1.14. Red lines – wedge pattern (broken) Green rectangle – support EURUSD is challenging last week’s highs. Breaking above them would be a […]

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: […]

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 […]

BTC is trading inside of the downward channel. We didn’t see any sign of the reversal yet so you should focus on the selling opportunties. Key resistance is set at the price of $8.095. Yellow rectangle – resistance Blue rectangle – support Black lines – downward channel Blue horizontal line – support 2 Broken upward […]

Gold did reject from the important horizontal resistance at $1.345. Sellers did well defend the level of $1.345, which is further sign of the potential weakness on the Gold. The level of $1.303 might be in play. Pink rectangle – resistance Yellow rectangle – support Blue lines – upward channel EURUSD is challenging the $1.319 […]

GBP/USD has been trading upwards in past 10 hours. We found that Ichimoku Cloud served like a good support on the 4H chart. Upside preferable. H4 Ichimoku Kijun-sen (blue line) – 1.2707 support H4 Ichimoku Tenkan –sen (red line)-1.2690 support 2 We found that on both time-frames H4 and M30 we got price that is […]

Overview: Pivot point: 0.9912. The USD/CHF pair continues to move downwards from the level of 0.9947. The pair dropped from the level of 0.9947 to the bottom around 0.9912. Today, the first resistance level is seen at 0.9947 followed by 1.0003, while daily support 1 is seen at 0.9853. According to the previous events, the […]

Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6571. On the H1 chart, the level of 0.6571 coincides with 38.2% of Fibonacci, which is expected to act as minor resistance today. Since the trend is below the 38.2% Fibonacci level, the market is still in a […]

Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6571. On the H1 chart, the level of 0.6571 coincides with 38.2% of Fibonacci, which is expected to act as minor resistance today. Since the trend is below the 38.2% Fibonacci level, the market is still in a […]

EUR/USD The bullish wave of May 23 has a sufficient wave level to give rise to a new short-term trend. The price is at the bottom of a wide potential reversal zone. Since June 6, the bearish correction began to form in the wave structure. Forecast: Today, the upward pullback, which began yesterday, is expected […]

With the G20 meeting looming large at the end of June and the trade war dust still far from settled, the Chinese calendar will attract extra attention than usual this week. On Wednesday at 0230 GMT, consumer and producer price indices will report on inflation, while on Friday at 0800 GMT, retail sales, industrial production and fixed […]

The decision of the latest meeting in June of the Reserve Bank of Australia (RBA) was a rate cut after three years to a new record low of 1.25% and the market is anticipating two more 25-bps cuts before the end of the year. The Australian dollar, which had been resilient to the downward shift in […]

Yesterday, the American president expressed his opinion once again about the trade war being waged by his administration with China. Trump believes that he can reach a trade agreement with China and the problem that exists around Huawei will be solved. The American president is also confident that the Chinese authorities have an advantage over […]

It is considered that if prices fall by 20% or more, then the asset moves to the territory of the “bear” market. In the case of oil, the situation is aggravated by the fact that the May peak was the most significant since the world financial crisis. Brent and WTI fell to 2008 levels, but […]