KirkBarton

KirkBarton

Current trend EUR is showing ambiguous dynamics against USD during today's Asian session, testing 1.2200 for a breakdown again. After the "bullish" start of the week, EUR is constantly under pressure in anticipation of the release of a strong report on the US labor market, which will be published at the end of the week. Macroeconomic statistics from the eurozone...

KirkBarton

Current trend Gold prices have declined for the second session in a row, retreating from record highs since the beginning of the year and testing 1900.00 for a breakdown. Investors are fixing long positions in the instrument amid the publication of upbeat macroeconomic statistics from the US, as well as ahead of the release of the US labor market report for May...

KirkBarton

Gold price forecast for today: XAUUSD analysis Yesterday, the level of 1909 was reached which serves as the target for gold purchases at the Intermediary Zone. Today, May 26 high was updated. Target Zone 2 1903 - 1898 was also broken out. Therefore, the next target is now Gold Zone 2 1923 - 1921. Look for new gold purchases on correction at strong supports: the...

KirkBarton

The XRPUSD market has completed the development of the downward wave (W). It took the form of a simple A-B-C zigzag. Most likely, there should be developing the final leg of the zigzag linking wave (X). Impulse wave A and double zigzag correction B look complete. In the near future, the market may continue to move upward in impulse C to the level of 1.300. At this...

KirkBarton

The pair is in a correction, a fall is possible. On the daily chart, the first wave of the higher level (1) of 3 formed, and a downward correction develops as the wave (2) of 3, within which the wave C of (2) forms. Now, the first wave of the lower level i of C has formed, and the correctional wave ii of C has ended. If the assumption is correct, the price will...

KirkBarton

The pair may fall. On the daily chart, the first wave of the higher level 1 of (3) developed, and a downward correction forms as the second wave 2 of (3). Now, the wave a of 2 has formed, and an upward correction of the lower level has developed as the wave b of 2, within which the wave (c) of b has formed. If the assumption is correct, the pair will fall to the...

KirkBarton

The pair may fall. On the daily chart, the third wave of the higher level (3) formed, a downward correction developed as the fourth wave (4), and the formation of the fifth wave (5) started. Now, the first wave of the lower level 1 of (5) has formed, and a downward correction is starting to develop as the wave 2 of (5). If the assumption is correct, the pair will...

KirkBarton

There is forming the initial part of the impulse down wave. The first sub-wave 1 must have completed as an impulse. There is developing the upward correction 2 as a simple zigzag. The first two sub-waves and may have completed, so the price could be rising in the impulse wave to a level of 3323.00. At this level, wave 2 will be 61.8% of wave 1

KirkBarton

Current trend GBP is strengthening against USD during the morning session, again trying to recover after the flat start of the trading this week. Investors expect new drivers to appear on the market, but for now they are only sluggishly taking a lead from the US macroeconomic statistics. On Tuesday, additional pressure on USD was exerted by data on the dynamics...

KirkBarton

The ETHUSD market has started declining after the upward impulse wave C completed. There is unfolding the beginning of the new bear impulse. The bearish wave 1 completed as an impulse. Next, there have finished two sub-waves - of the zigzag-shaped correction 2. There should be developing impulse , as it is outlined in the chart. The Ethereum price could go up...

KirkBarton

By May 10, the BTCUSD market completed the zigzag-shaped correction 2. Next, the price started declining. There could be unfolding the initial part of a new impulse. The market must have completed the impulse down wave , and the price is rising in the bullish correction . Wave is likely to be a simple zigzag. Impulse (A) and correction (B) seem to be complete,...

KirkBarton

After the upward impulse wave C completed, the market has started moving down, forming the initial par of the bearish impulse. The first bear impulse wave 1 seems to have completed as an impulse. Next, the marker has formed the first sub-wave of the zigzag-shaped correction. There should be unfolding correction and impulse soon, as it is outlined in the...

KirkBarton

Support and resistance The issuer is dominated by the “bearish” sentiments. The quotes have renewed the local lows. At the moment, the company's shares are consolidating in the range of 545.00–600.00. There is potential for further correction. Indicator signals are ambiguous: the price consolidated below MA (50) and MA (200); MACD started to rise. It is better...

KirkBarton

Bitcoin completed the corrective wave 2 two weeks ago. Next, the price continued declining. There could be unfolding the initial part of the new impulse. The bearish impulse wave (1) seems to end soon; it is composed of the sub-waves (1)-(2)-(3)-(4)-(5). The first four parts have finished, and the final, fifth, wave is still unfolding. There must have started...

KirkBarton

The ETHUSD market situation is similar to that of the BTCUSD. About two weeks ago, the market has started declining in the initial part of the bearish impulse. The market is about to finish the first sub-wave A, which is a five-wave impulse. The price could be declining to a level of 1630.00. Next, the market should rise in corrective wave B to a level of 2991.00,...

KirkBarton

The pair may grow. On the daily chart, the third wave of the higher level (3) formed, a downward correction developed as the fourth wave (4), and the formation of the fifth wave (5) started. Now, the first wave of the lower level 1 of (5) has formed, and a local correction is starting to develop as the wave 2 of (5). If the assumption is correct, after the end of...

KirkBarton

Current trend This week, the GBP/USD pair reached 4-month highs around ​​1.4220 but then corrected, having lost the gained positions. GBP came under pressure after the publication of April inflation data, which recorded its growth by 0.6% MoM and by 1.5% YoY. Representatives of the Bank of England believe that the strengthening will be temporary and will not...