GBPCHF bears are keeping control of the pair for the sixth consecutive week, driving it down by more than 6.0% since the peak at 1.3398 and near an almost five-month low of 1.2539. Specifically, the price is far below its simple moving averages (SMA) at the moment, suggesting that the downward pattern may not be easy to reverse in the short-term. The […]

AUD / USD pair In the last two days, the Australian dollar made attempts to consolidate over the resistance cluster on a daily scale. However, the attempt ended with a divergence on the lower scale of H4, as well as the absorption of the Friday candle and the departure of the price under the balance […]

Yesterday, the closing of the American session occurred below the 1/2 WCZ of 0.6618-0.6612. This indicates a change in the direction of trade and sales came to the fore. The first goal of the decline will be the weekly CZ of 0.6558-0.6546, which coincides with the range of the average progress of the current week […]

GBP is trying to recover from the 136.56 low, but is clearly experiencing difficulties in it. The political uncertainty in the UK is weighing on GBP. However, we continue to look for more GBP-strength and a breakout above minor resistance at 138.26 will pave the way for a continued movement towards 139.62 and maybe for […]

When the European market opens, some economic data will be released such as Sentix Investor Confidence. The US will also publish the economic data such as IBD/TIPP Economic Optimism, PPI m/m, Core PPI m/m, and NFIB Small Business Index, so amid the reports, the EUR/USD pair will move with low to medium volatility during this […]

In Asia, Japan will release the Prelim Machine Tool Orders y/y and M2 Money Stock y/y. The US will also publish some economic data such as IBD/TIPP Economic Optimism, PPI m/m, Core PPI m/m, and NFIB Small Business Index. So there is a probability the USD/JPY pair will move with low to medium volatility during […]

GBPUSD failed several times to jump above the 20-day moving average and the 23.6% Fibonacci retracement level of the downward wave from 1.3380 to 1.2560, near 1.2753, suggesting weak momentum in the daily timeframe. The negative to neutral bias in the near term is supported by the deterioration in the momentum indicators. The %K line […]

GBPUSD failed several times to jump above the 20-day moving average and the 23.6% Fibonacci retracement level of the downward wave from 1.3380 to 1.2560, near 1.2753, suggesting weak momentum in the daily timeframe. The negative to neutral bias in the near term is supported by the deterioration in the momentum indicators. The %K line […]

Yesterday’s decline in the pair became natural, since on Friday there was an expiration of the option contract. Friday’s compensation movement had a probability higher than 70%. Today GBPUSD is trading near the important WCZ 1/4 support zone 1.2677-1.2669. Until consolidation below this zone occurs, the likelihood of renewed growth is high. Work in the […]

Forecast for June 11: 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, 1.1305, 1.1286, 1.1259 and 1.1214. Here, we are following the local ascending structure from June 5th. Short-term upward movement is possible in the range of 1.1363 – […]

We bring to your attention a comprehensive markup options for the movement of EUR/USD vs #USDX from June 11, 2019. Minuette (h4) ____________________ US Dollar Index The movement of the dollar index #USDX from June 11, 2019 will be due to the development of the borders of the 1/2 Median Line channel (96.75 96.90 97.00) […]

The Mexican peso avoided a collapse and even rose by more than 2% at the beginning of the week after the US and Mexico concluded a migration agreement to prevent a new tariff war. The agreement supports the restoration of risk appetite on the part of investors, which had a positive effect on the dollar […]

The rate of the British currency against the US dollar can plummet to its lowest level in two years if the new prime minister of the United Kingdom becomes a supporter of a “hard” Brexit, Bloomberg reported. Recall, on Friday, the head of the British Cabinet of Ministers Theresa May left the post of chairman […]

For more than a week and a half, the USD index showed a decline of one and a half figures, having slumped from 98 points to 96.5 points. The idea of a quick easing of monetary policy by the Fed continues to gain popularity among investors. The conference of the Federal Reserve Bank of Chicago […]

The dollar is not able to hold back after a weak employment report. On Monday, its growth is fairly restrained, despite the positive market relative to the conclusion of a deal with the Mexicans. This is due to the high expectations of a change in the course of monetary policy in the United States. In […]

4-hour timeframe The amplitude of the last 5 days (high-low): 102p – 50p – 88p – 108p – 97p. Average amplitude for the last 5 days: 89p (79p). The first trading day of the week was quite confident for the EUR/USD. A correction took place, but the pair did not reach the critical line, and […]

If you haven’t had a chance to read our June Elliott Wave Theorist, use this evening to do so. In the issue, Bob Prechter updates his spot-on forecast from April and shows which of the two possible structures the Dow has chosen. We also just posted a new Short Term Update to provide you with […]

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 […]

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 […]

Bitcoin has been trading upwards in past 10 hours. We found the break of the key resistance trendline in the background, which is sign that buyers may continue with new buying. Watch for buying opportunities. White line – Broken resistance trendline Yellow line – Fibonacci expansion 100% at $8.17 Yelow line 2- Fibonacci expansion 161.8% […]

Gold has been trading downwards in past 24 hours. We found the breakout of the important support trendline, which is warning for buyers that we have changing in trend behaivor from bullish to bearish. Gray rectangle – swing low acting like resistance $1.330 Yellow rectangle – Support $1.320 Pink rectangle – Support 2 ($1.310) We […]

Gold has been trading downwards in past 24 hours. We found the breakout of the important support trendline, which is warning for buyers that we have changing in trend behaivor from bullish to bearish. Gray rectangle – swing low acting like resistance $1.330 Yellow rectangle – Support $1.320 Pink rectangle – Support 2 ($1.310) We […]

GBP/USD has been trading downwards. The price tested the level of 1.2670 and it rejected. We see the current market situation like potential end of the downward corrective phase (abc). Gray rectangle – swing low support (1.2670) Red horizontal line – Upward objective 1.2760 GBP/USD has been trading downward but GBP found support at 1.2645. […]