Technical Market Overview: The GBP/USD pair has broken above the orange trendline and went north to break through the 61% Fibonacci retracement at the level of 1.3029. The local high was made at the level of 1.3047 and so far there are no signs of any trend reversal. Nevertheless, the market conditions are now overbought […]

Technical Market Overview: The EUR/USD pair has been trading inside of the narrow zone located between the levels of 1.1210 – 1.1226, just where the 50% Fibonacci retracement is located. The bulls do not look like they have enough momentum to support further move upward as the RSI indicator is in othe overbought zone and […]

Technical outlook: The EURUSD pair has managed to push through fibonacci 50% retracement/resistance of the recent drop between 1.1324 and 1.1111 levels respectively as presented on the chart here. Also note that the 61.8% extension of recent counter trend rally has also been hit. The likelihood remains for a bearish reversal from current levels or […]

EUR/USD On Tuesday, European economic indicators surprised and came out better than expected; the GDP of the euro area for the 1st quarter showed an increase of 0.4% against the expected 0.3%, the unemployment rate in March fell from 7.8% to 7.7% while the indicator was unchanged. The best part of the GDP structure is […]

GBP/USD Yesterday, the British pound tried to use the temporary weakness of the dollar as much as possible – the pound rose by 100 points, the price on the daily scale at the peak of the day slightly fell short of the resistance of the Fibonacci level of 38.2% and the MACD line, which can […]

https://pepperstone.com/en/forex-news/market-review -GBP posts modest gains but is up over a week vs USD -NZD takes a fall on mixed jobs data -Dollar index is marking time ahead of the key Fed meeting -Europe marks the May day holiday -Aussie manufacturing PMIs perk up nicely -Apple surprises to the upside in Q1 -What do Fed Funds […]

https://pepperstone.com/en/forex-news/market-review -GBP posts modest gains but is up over a week vs USD -NZD takes a fall on mixed jobs data -Dollar index is marking time ahead of the key Fed meeting -Europe marks the May day holiday -Aussie manufacturing PMIs perk up nicely -Apple surprises to the upside in Q1 -What do Fed Funds […]

USD/JPY Yesterday, the market was highly active – trading volumes were above average, the dollar succumbed to weakening, and the yen itself experienced even greater difficulties. Nevertheless, the support of the indicator line of the daily chart balance was strong enough to keep the currency pair from further falling. On the four-hour chart, technical convergence […]

USD/JPY Yesterday, the market was highly active – trading volumes were above average, the dollar succumbed to weakening, and the yen itself experienced even greater difficulties. Nevertheless, the support of the indicator line of the daily chart balance was strong enough to keep the currency pair from further falling. On the four-hour chart, technical convergence […]

EURUSD has reached our first short-term target at 1.12 and is trading above it but below short-term trend line resistance. Medium-term trend remains bearish as long as price is below 1.13-1.1350. Red line – support Blue line – short-term resistance trend line Black line – major resistance trend line EURUSD has bounced as expected towards […]

EURUSD has reached our first short-term target at 1.12 and is trading above it but below short-term trend line resistance. Medium-term trend remains bearish as long as price is below 1.13-1.1350. Red line – support Blue line – short-term resistance trend line Black line – major resistance trend line EURUSD has bounced as expected towards […]

Gold price has held short-term support at $1,280 where we find the lower channel boundary. Bulls need to break above $1,289 in order to push higher towards the major resistance of $1,300. Red line – major resistance trend line Blue lines – short-term bullish channel Red rectangle – short-term resistance area Gold price has short-term […]

Gold price has held short-term support at $1,280 where we find the lower channel boundary. Bulls need to break above $1,289 in order to push higher towards the major resistance of $1,300. Red line – major resistance trend line Blue lines – short-term bullish channel Red rectangle – short-term resistance area Gold price has short-term […]

May is Crypto Opportunity Month! Our popular crypto event is back, starting tomorrow, to give you longer-term forecasts for Bitcoin, Ethereum, Litecoin and other notable crypto opportunities. You don’t want to miss it–Sign up now. https://bit.ly/2UQp2C4 Learn How the Wave Principle Can Improve Your Trading

On Nov. 14, 2018, silver had been declining for 5 months when EWI called for a low. It turned out that silver’s price bottomed that very day. Now, learn what our analysts anticipate next. Take a look at these two silver charts … Learn more: http://bit.ly/2T6eHWD Have You Set Price Targets for Your Investments? EWI’s […]

Want to learn what all of the buzz is about on marijuana stocks? Join opportunity expert Jeffrey Kennedy this week as he guides you through more than 15 marijuana stocks. The first of five videos is online, right now: https://bit.ly/2GVFbmh ***** Get free market analysis, education and events from the world’s largest market forecasting company: […]

The Bank of England will announce its latest policy decision on Thursday at 1100 GMT and is certain that no policymaker will vote for a change as developments around Brexit are still in a limbo a few weeks after the EU decided to grant the UK a six-month extension to exiting from the bloc. Economic prospects that greatly […]

The Bank of England will announce its latest policy decision on Thursday at 1100 GMT and is certain that no policymaker will vote for a change as developments around Brexit are still in a limbo a few weeks after the EU decided to grant the UK a six-month extension to exiting from the bloc. Economic prospects that greatly […]

Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]

Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]

On January 2nd, the market initiated the depicted uptrend line around 1.2380. On March 11, a weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]

On January 2nd, the market initiated the depicted uptrend line around 1.2380. On March 11, a weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]

Labour market indicators will be published in New Zealand on Wednesday at 10:45 local time (Tuesday, 22:45 GMT), in what will be the last major release before the Reserve Bank of New Zealand’s policy meeting on May 8. With rate cut expectations running high, the New Zealand dollar is vulnerable to positive surprises in the […]

Labour market indicators will be published in New Zealand on Wednesday at 10:45 local time (Tuesday, 22:45 GMT), in what will be the last major release before the Reserve Bank of New Zealand’s policy meeting on May 8. With rate cut expectations running high, the New Zealand dollar is vulnerable to positive surprises in the […]

BTC price did break new created bullish flag pattern on the 4H time-frame and confirmed the rejection of the lower diagonal of the upward channel. Watch for buying opportunities. Orange rectangle – Resistance level, which became support Purple rectangle – major short-term resistance The bearish correction is completed in our view since the orange supply […]