


The U.S. dollar index was flat yesterday after the number of Americans applying for unemployment benefits rose to an unexpected five-month high. The biggest move within the basket was against the Aussie dollar, which fell 1% to its lowest in nearly a month after an abrupt weakening of the Australian labor market. The last dip is likely to be limited to 98 while...
With the lack of significant macroeconomic drivers allowing major currency pairs to go into a consolidation phase at the start of the week, the NZD/USD pair moves in a very tight range near the 0.6400 level. Signal to confirm further bullish movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further...
US equities rallied last week to new record levels with the Dow Jones Industrial Average breaching 28,000 for the first time. Soft economic data, Trump’s impeachment hearing, Hong Kong protests, and Middle East unrest were all considered secondary factors in investment decisions. Today European stocks kick off a new week a little flat, with more talks between the...
It was a bearish day for the major cryptos on Thursday. But Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. However, continued gains above the $180.00 level are now needed for rally towards $ 190 and to the top at 197.64 of the ETHUSD pair’s short-term trading range. Looking downside, an...
The US dollar has initially tried to rally during the trading session on Wednesday but then broke down towards the 200-day EMA. At that point, it’s likely that the US Dollar trying to find support and the market could explode to the upside with some kind of “risk on” type of situation. Beyond that, there are a whole host of issues to think that the market may...
Intraday bias in USD/JPY remains neutral for consolidation below $109.48 temporary top. The USD/JPY needs to make a breakout above this resistance to confirm the uptrend continuation. Further rally is expected as long as 107.48 support holds. On the upside, break of 109.48 will resume the rise from 104.45 to 100% projection of 104.45 to 108.47 from 106.48 at...
Litecoin fell by 3.02% on Monday. Following on from a 0.55% slide yesterday, the sixth-largest digital asset has been moving sideways recently. But the bullish trend stays intact as long as the price is above $60.00. On the intraday level, LTC/USD is seems ready to re-test the lower line of 4-hour Bollinger Bands ($60). A sustainable move below this handle will...
Expectations at time of writing, drawn from short-term rate futures, imply an 80% chance that the RBNZ cut of a -25 bps on Wednesday, with the rest of the 20% attributed to a hold. Although inflation has subsided, the softening employment situation and weak business confidence suggest that further easing is warranted, a decline in NZD and an improvement in the...
As you can see the current daily candle makes a breakout above yesterday's high of 1.6117. The last 3 candles on the daily chart closed above previous high and additionally the price made rebound from the support trend line (started from July's 2017 high on weekly time frame). That's mean that the price may test next resistance at the level of 1.6181. On the...
Recently, the oil market follow the general run of risk sentiment. However, oil markets are still weaker this morning despite the rebound in risk sentiment. The last main story in oil markets was the news over the weekend of the discovery of new oil reserves by Iran. They were reported to have discovered an oil field containing the equivalent of 53bn barrels of...
GBP/USD dropped slightly last week as consolidation from 1.3012 extended. Today the pound remained stable against the greenback after data showing that the U.K. avoided a recession in the third quarter, with the economy growing 0.3% following a 0.2% contraction in the 2nd quarter. But the economy did contract by 0.1% in September and annual growth was just 1.0% in...
GBP JPY is in a strong uptrend and recovery away from september's low. Now we see correction in a form of triangle, it is always better to wait for the figures to be break and test. The price could be reach 146.00 , even 154.00 where there are weekly resistances.
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...
On a daily chart we have correction in a form of "ugly" triangle. Three candles ago the resistance line was breakthrough and now the price tests it. Moreover on a H1 chart we see uptrend around $35 from $1480 to $1515. Yesterday starts a correction of this movement and today the price reach 38,2 Fibo level. To this we can add a very typical "phenomenon" in...
The currency pair NZDUSD shows 70 pips down movement yesterday. Now we see correction of the down movement around 38,2 Fibo, where there are Volume border. I consider these alerts as a strong sales sign1
If we look at the daily chart, we will see that there are 3 different resistances! 1. 200 EMA around 75,00 - 75,50 2. Third touch of day trendline 3. Resistance line of H4 trend The H1 penultimate candle realizes more than 50 pips downward movement. If it breaks the H1 trend line support, we go to levels around 74,00, where there are two strong levels of...
In the last 3-4 weeks EURUSD has made a nice upward move. The decision on interest rates last night gave an additional boost to the European currency against its US rival. Assuming that the market is in the middle of wave A, then we can expect wave 5 of 3 to reach 1.1250 - 1.1300.