ForexTrendline

ForexTrendline Updated 

After brief consolidation the EUR/AUD’s rise from 1.5976 resumed and intraday bias is back on the upside. Friday’s daily candle came out as a bullish Marubozu candle, which indicates that the buyers are in control. Additionally, the today breakout on daily chart above Friday’s high may push the price upside with good bullish momentum. But the H4 chart shows that...

ForexTrendline Updated 

The currency pair CAD/JPY is trade around 81.58 today. There is very interesting situation with H4 and D1 timeframes! Technically, at H4 chart, we notice many reasons for BUY: 1. Third touch of H4 support line which is the same like D1 support. 2. In the same time the price tests D1 resistance (support now). 3. 38,2 Fibo @ the same area. 4. MACD divergence. On...

ForexTrendline Updated 

With markets drowning in so much US-China trade news as of late, it’d be remiss of us not to notice Bitcoin’s sizable fall for the last 24 hours. Chinese authorities have raided Binance’s offices in Shanghai and shutting down it. Authorities in China obviously have extended their crackdown on crypto-related activities. BTC/USD broke 200-day SMA to the downside...

ForexTrendline Updated 

From technical perspective, the pair is stuck in the 1.1100 - 1.1050 range. And we'll need to see a sharp breakouth in any direction to give us more clarity in the medium-term. For now, while the Dollar index is bullish in the medium-term, we can expect the euro to fall below 1.1050. Additionally, ECB President Lagarde will make her first major speech later...

ForexTrendline Updated 

Oil posted its biggest percentage decline in nearly 2 months after reports indicated Russia is unlikely to lower production at the upcoming OPEC meeting. WTI dropped towards its 7-week support trend line, but after that rebounded from $ 55.00 and 200-day SMA on H4 chart. Earlier on Wednesday, the EIA reported that overall Crude stocks rose 1.4 Mb, about in line...

ForexTrendline Updated 

Silver tends to move in a very specific way. It moves very fast for a few days, only to act very calm in the next several days. Silver already lost its downward momentum as its been calm for a few days now. This characteristic pattern is what we saw also when Silver completed a broad top (just as it did recently) earlier this year. What does it all come to? For...

ForexTrendline Updated 

At the time of writing, Bitcoin was down by just 3.34% to $ 8,715.36 for. A mixed start to the day saw Bitcoin firstly rise from an early morning to a high $ 9,075.32. Elsewhere, EOS (-0.01%) and Litecoin (-1.74%) were also in the red in the early part of the day. It was a more bullish start for the rest of the majors, however, with Stellar's Limen up by 3.08% for...

ForexTrendline

The Relative Strength Index on the four-hour chart rising to 70 area. Other indicators are also positive – Momentum is to the upside and the pair is trading above the 50, 100, 200 Simple Moving Averages. On the upside, firm break above 1.3012 resistance will resume the whole rise from 1.1958. On the daily chart, the 200 SMA sits just below the flag formation, so...

ForexTrendline

Intraday bias in EUR/GBP is turned neutral with a temporary low formed at 0.8521. Considering diminishing downside momentum as seen in daily MACD, we’d expect strong support from there to bring rebound. On the upside, our first target is 0.8630/50. A break of 4-hour 50 SMA and yesterday's high around 0.8680 will indicate short-term bottoming and bring stronger...

ForexTrendline

For weeks, stock investors have been riding the waves of positive chatter on the trade deal, better-than-expected earnings, and a third rate cut by the Fed, to record highs. But please remember that it’s a two-sided game. The same events that drove indexes higher may be signaling they are ready to take back some of those gains. Looking ahead notable earnings...

ForexTrendline

Gold is stabilizing a bit on the back of better market sentiment towards a US-China trade deal. The market remains speculatively bid on dips on the thought that China might not be that optimistic on a trade deal. US 10-year bond yields slipped below 1.80% overnight, improving gold market sentiment as does uncertainty around possibly China repercussions from the...

ForexTrendline Updated 

Gold declined 0.63% against the USD and closed at $ 1459.26 per ounce on Friday, amid strength in the US dollar. In the Asian session, the pair XAU/USD is trading around $ 1465. Gold traders are going to continue to follow the movement in US Treasury yields and the direction of the U.S. Dollar this week. Of particular interest will be the 10-year U.S. Treasury...

ForexTrendline

USD/JPY has been mixed amid trade and central bank headlines. The FOMC’s meeting minutes and ongoing trade talks are set to determine the tone in short-term. Hopes for an accord – especially one that includes rolling back tariffs – will probably be cheered and send USD/JPY higher. Further snags, bumps, and hardship may all send the currency pair lower. Tweets by...

ForexTrendline

The momentum of the index has increased since the middle of August. But yesterday was a particularly bearish day for the German auto sector, as the markets responded to negative chatter from Beijing on trade. The DAX30 index remains stuck in a narrow 13,100 - 13,300 range that has been in place for almost two weeks. The sideways consolidation can continue for...

ForexTrendline Updated 

On Wednesday, in addition to the usual market drivers, such as the uncertainty surrounding the US-China trade negotiations and the reduction of risk appetite, we had other interesting developments. As a result, the euro lagged. For the first time since 2004 in a quiet move China sold euro-denominated bonds, that is highly significant and telling. The sale was...

ForexTrendline Updated 

After U.S. President Donald Trump renewed his tariff threat against China, U.S. futures contracts — including for the NASDAQ, Dow and S&P 500 — retreated from their all-time highs. As well, this morning, exacerbated by the roiling unrest in Hong Kong, global shares are a sea of red. Sentiment itself is fragile and will likely follow prices. The S&P 500 has...

ForexTrendline Updated 

Today our focus Shifts to the Pound. As you can see GBP/USD is moving in a bearish price channel since the end of October. Now the price also consolidate in the triangle, formed on 4-hour chart. At the same time the pair is at critical point struggling around 1.2845. Because the area of 1.2835 - 1.2848 is a dense cluster of levels including the Bollinger Bands...

ForexTrendline Updated 

USD/CAD is almost unchanged in Thursday’s North American session. Currently, the pair is trading at 1.3267, up 0.12% on the day. As for the near future, the USD/CAD will most likely continue to edge up within this session. Bullish traders could target the resistance at 1.3280 (78.6% Fibo retracement on last fall from 1.3345 to 1.3042). Firm break there will...