To open long positions on EURUSD you need: The good news related to Brexit provides some support for the European currency as well. Yesterday, euro buyers managed to protect the support of 1.1010, and today the whole emphasis in the first half of the day will be made on the breakout of resistance at 1.1048, […]

To open long positions on GBP/USD you need: The pound continued its growth and strengthened throughout the day, as traders had no doubt that the bill that would not allow Great Britain to leave the EU without an agreement would be adopted, which is what happened. At the moment, buyers have climbed above a rather […]

To open long positions on GBP/USD you need: The pound continued its growth and strengthened throughout the day, as traders had no doubt that the bill that would not allow Great Britain to leave the EU without an agreement would be adopted, which is what happened. At the moment, buyers have climbed above a rather […]

AUDUSD is positioned at a crucial point in the four-hour chart. The pair closed marginally above the 200-period simple moving average (SMA) and managed to pierce the upper boundary of its one-month old range early on Thursday before pulling downward slightly. The MACD cautiously suggests a bullish bias for the short-term as the indicator is […]

AUDUSD is positioned at a crucial point in the four-hour chart. The pair closed marginally above the 200-period simple moving average (SMA) and managed to pierce the upper boundary of its one-month old range early on Thursday before pulling downward slightly. The MACD cautiously suggests a bullish bias for the short-term as the indicator is […]

The British pound won back more than 250 points amid expectations that the bill, which does not allow Britain to leave the EU without a deal, will be approved today. Large purchases of the pound are also confirmed by the fact that traders completely ignored the report, which indicates that the UK economy in August […]

4-hour timeframe Amplitude of the last 5 days (high-low): 25p – 51p – 98p – 39p – 53p. Average volatility over the past 5 days: 53p (average). On Wednesday, September 4, the EUR/USD currency pair consolidated above the critical Kijun-sen line and as a whole continues the upward movement, which is now characterized precisely as […]

Back in June 24, the EURUSD looked overbought around 1.1400 facing a confluence of supply levels which generated significant bearish pressure over the pair. Shortly after, In the period between 8 – 22 July, a sideway consolidation-range was established between 1.1200 – 1.1275 until a triple-top reversal pattern was demonstrated around the upper limit. Then, […]

On July 5, a consolidation range bearish breakout was demonstrated below 1.2550 corresponding to the lower limit of the depicted consolidation range. Moreover, Bearish breakdown below 1.2385 (Broken Key-Support) facilitated further bearish decline towards 1.2320, 1.2210 and 1.2100 which corresponded to significant key-levels on the Weekly chart. In Early August, another consolidation-range was temporarily established […]

Bitcoin 1H time-frame: Yellow rectangle – Downward objective Pink trendline – Expected path Black lines – Resistance levels Bitcoin on the 1-hour did exactly what I expected yesterday and that rejection of the strong resistance at $10.800, which is good sign for the further downside. I placed Pitchfork channel to find potential objective for the […]

The price action of the 30-year U.S. Treasury bonds had been on a tear in mid-summer — rising nearly every day. Now, a shift has taken place. Get our insights as you take a look at this chart … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: […]

The price action of the 30-year U.S. Treasury bonds had been on a tear in mid-summer — rising nearly every day. Now, a shift has taken place. Get our insights as you take a look at this chart … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: […]

AUDCAD plummeted aggressively from 0.9250 after a two-week period of producing red candles. Following the fall from the previous swing high of July 23 into a one-month trading range, the upside pressure hit a ceiling at the 0.9050 level. Positive momentum has picked up in the short-term. The MACD has distanced itself above its trigger […]

Between 17th and 31st August two further forex educational events took place in the Philippines with great success, where we were delighted to welcome large audiences eager to receive professional investment guidelines from Jonathan Lou Reyes, Chief Instructor for the Philippines. The forex seminar titled Trading with the Moving Average Ribbon Indicator enjoyed the attendance […]

EURJPY bulls took back five days of extended losses which stretched below the 2017 low of 116.45, moving the price above the mid-Bollinger band. The momentum indicators also reflect an increase in bullish directional momentum in the very short-term. The MACD has distanced itself above its red trigger line in the negative region, while the […]

PM Johnson calls for snap election after MPs approve to hold vote on blocking a no-deal Brexit Dollar slips after US manufacturing unexpectedly contracts in August, sending bond yields lower Loonie eases from lows as Bank of Canada decision is awaited Johnson eyes elections after losing majority UK Prime Minister Boris Johnson suffered a humiliating […]

GBPJPY recouped Tuesday’s downfall that led the price near the almost three-year low of 126.53 and the doji candle registered early in August. The positive movement, however, remains fragile and the market is still exposed to downside risks as the RSI continues to move below its 50-neutral mark and the MACD keeps fluctuating in the negative area and around […]

This autumn, XM continues with its educational program to provide online investors throughout Southeast Asia with professional guidance on forex trading techniques. On 12th October, our seminar titled Confluence Techniques with the Avramis River Indicator will reach the financial center of Malaysia, Kuala Lumpur, with the presentation of renowned market expert and dedicated forex educationalist […]

EURAUD bulls pushed to a peak of 1.6678, slightly above the January 3 high of 1.6655, before sellers took control and sent the pair back down to 1.6230, which is the 61.8% Fibonacci retracement level of the up-wave from 1.5893 to 1.6784. The gradual upward slope in the 200-day simple moving average (SMA) backs the […]

EURAUD bulls pushed to a peak of 1.6678, slightly above the January 3 high of 1.6655, before sellers took control and sent the pair back down to 1.6230, which is the 61.8% Fibonacci retracement level of the up-wave from 1.5893 to 1.6784. The gradual upward slope in the 200-day simple moving average (SMA) backs the […]

The next Nonfarm payrolls (NFP) release is on Friday at 1230 GMT and expectations are for a weaker but still consumption-supportive outcome. However, with global risks heightening in the background, markets believe that the labor market could soon falter in front of a tougher US-China trade war, opening the window wider for additional monetary stimulus. According to analysts, the […]

The next Nonfarm payrolls (NFP) release is on Friday at 1230 GMT and expectations are for a weaker but still consumption-supportive outcome. However, with global risks heightening in the background, markets believe that the labor market could soon falter in front of a tougher US-China trade war, opening the window wider for additional monetary stimulus. According to analysts, the […]

The Bank of Canada meets on Wednesday for its scheduled policy decision and will announce the outcome at 14:00 GMT. Speculation has been rife about when the BoC will shift to an easing bias as it remains one of the few central banks among advanced economies that has not cut interest rates or signalled one. […]

EURGBP declined over the last three weeks to levels just above the 0.9000 psychological number, forming a base for the lows. Bulls brought ammunition yesterday pushing above the 2018 high of 0.9098. Overcoming the 200-period simple moving average (SMA) and the 0.9127 level, which is the 23.6% Fibonacci retracement level of the up leg from […]

Glencore AG in Zug gives First Cobalt a 5 Mio.$ loan for the fast evaluation of the restart of the First Cobalt Refinery in Canada. Glencore will then also give over 40 Mio. $ as a second loan to bring the refinery back into production to produce Cobalt for the North American car market, Jochen […]