After the rapid strengthening of the safe-haven currencies in the first half of August, investors prefer to close positions, weighing the risks. On the one hand, the slowdown in global GDP, trade wars and increased volatility of financial markets support the demand for the Japanese yen and the Swiss franc. On the other hand, expectations […]

Working in a downward direction is a priority, which indicates the need to find favorable prices for sale. The 1/4 WCZ of 1.1110-1.1106 will be the first resistance. Testing of this zone can be considered for the formation of a “false breakdown” pattern. The best prices for sale are within the limits of 1/2 WCZ […]

Working in a downward direction is a priority, which indicates the need to find favorable prices for sale. The 1/4 WCZ of 1.1110-1.1106 will be the first resistance. Testing of this zone can be considered for the formation of a “false breakdown” pattern. The best prices for sale are within the limits of 1/2 WCZ […]

The AUD/USD pair is traded in the accumulation zone formed between the two control zones. Working from the borders of the zone is the main plan for the beginning of the week. The formation of the flat continues, which gives opportunities for purchases from 1/2 CZ of 0.6755-0.6749 and sales from weekly CZ of 0.6826-0.6813. […]

The AUD/USD pair is traded in the accumulation zone formed between the two control zones. Working from the borders of the zone is the main plan for the beginning of the week. The formation of the flat continues, which gives opportunities for purchases from 1/2 CZ of 0.6755-0.6749 and sales from weekly CZ of 0.6826-0.6813. […]

It seems that our thesis on the US dollar will be in demand as an asset, for which it will be possible to purchase protective US government bonds amid the uncertain prospects of a trade war between Washington and Beijing, as well as the Fed’s monetary policy. In addition, the dollar also receives support as […]

Overview: The EUR/USD pair opened below the weekly resistance 1 (1.1136). It continued to move downwards from the level of 1.1136 towards the spot of 1.1109 (the pivot point). Today, the first resistance level is currently seen at 1.1136, the price is moving in a bearish channel now. The RSI starts signaling a downward trend. […]

EURUSD has stopped its decline at the 78.6% Fibonacci retracement of the rise from 1.1026 to 1.1249. At least for the short-term we expect a bounce from current levels at 1.11 to see a bounce towards 1.12. Red lines – bearish channel We also watch closely the RSI price as it is still inside the […]

EURUSD has stopped its decline at the 78.6% Fibonacci retracement of the rise from 1.1026 to 1.1249. At least for the short-term we expect a bounce from current levels at 1.11 to see a bounce towards 1.12. Red lines – bearish channel We also watch closely the RSI price as it is still inside the […]

Gold price is challenging major short-term support at $1,500-$1,510. As we said in previous posts it is important for the short-term bullish trend to see bulls hold price above $1,500. We also explained the dangers and the vulnerability that was shown by the charts and we established that there were increased risks to the downside. […]

Gold was unable to make headway on Friday with support sapped by a net improvement in risk appetite and a firm dollar tone. Net losses continued on Monday with spot gold dipping to test the $1,500 per ounce support level. There is a strong likelihood that the Federal Reserve and ECB will ease monetary policy […]

The GER30 index put in a rally, pushing upwards off the 11,266 low of August 15. The price surpassed 11,580, which is the 23.6% Fibo of the down leg from 12,600 to 11,266 and near the resistance of 11,607 from June 3. More importantly the appreciation of price moved above the 50-period simple moving average […]

Canada is not synonymous with trade war and economic slowdown and yet markets are giving warning signs that the country is headed for a recession. Recent economic indicators have been largely encouraging, pointing to accelerated growth. This week’s upcoming data on inflation (Wednesday, 12:30 GMT) and retail sales (Friday, 12:30 GMT) are expected to be […]

The US dollar index moved north from the 100-day simple moving average (SMA) as buyers dominated, taking back most of the losses produced from the high of 98.67 on August 1. The price has come to settle above 97.90, which is the 23.6% Fibonacci retracement level of the up-leg from 95.34 to 98.67, and slightly […]

The US 500 stock index (cash) is looking increasingly positive in the short term, having surpassed its 50-period simple moving average (SMA) and the Ichimoku cloud and given the positive direction in the RSI and the MACD. The bulls, however, may need to lift the index above the 2,940 barrier to confirm further upside, while a significant break […]

Gold has only been focused on making new peaks as it logged a new 6-year and four-month high of 1534.91. The metal corrected to the downside after the high on August 13 but the 50-period simple moving average (SMA) in the four-hour chart managed to limit the negative movement. The MACD and the RSI are […]

Risk sentiment continues to improve on reports of China interest rate reforms and German fiscal stimulus Stocks have a positive start to week while safe-havens yen, Swiss franc and gold retreat Dollar holds firm as markets await policy cues from Powell as Jackson Hole symposium China reforms and German stimulus reports boost markets Markets opened […]

EURUSD surrendered most of its monthly gains and dropped below 1.1100 after finding a wall around the 50-day simple moving average (SMA) and the 1.1230-1.1250 area. Technically, the price could pause negative momentum in the very short-term as the Stochastics signal oversold conditions. The RSI seems to be easing downside movement as well, though as long as […]

EURUSD surrendered most of its monthly gains and dropped below 1.1100 after finding a wall around the 50-day simple moving average (SMA) and the 1.1230-1.1250 area. Technically, the price could pause negative momentum in the very short-term as the Stochastics signal oversold conditions. The RSI seems to be easing downside movement as well, though as long as […]

4-hour timeframe Amplitude of the last 5 days (high-low): 126p – 92p – 56p – 56p – 100p. Average amplitude over the last 5 days: 86p (84p). The strengthening of the British pound at the end of the week is like a gift for the new year. Given the macroeconomic reports received from the UK […]

4-hour timeframe Amplitude of the last 5 days (high-low): 126p – 92p – 56p – 56p – 100p. Average amplitude over the last 5 days: 86p (84p). The strengthening of the British pound at the end of the week is like a gift for the new year. Given the macroeconomic reports received from the UK […]

4-hour timeframe Amplitude of the last 5 days (high-low): 44p – 69p – 59p – 60p – 68p. Average amplitude over the last 5 days: 60p (58p). The last trading day of the outgoing week, August 15, turned out to be rather boring in terms of macroeconomic events. In the United States, reports were published […]

4-hour timeframe Amplitude of the last 5 days (high-low): 44p – 69p – 59p – 60p – 68p. Average amplitude over the last 5 days: 60p (58p). The last trading day of the outgoing week, August 15, turned out to be rather boring in terms of macroeconomic events. In the United States, reports were published […]

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come to the fore as world […]

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come to the fore as world […]