Olymp_Trade

02:53

Olymp_Trade

October is going to be a key market moving month for Brexit sensitive currency pairs and investors will be monitoring all new developments. On a 4HTF - The pair met resistance at 135.739 has been on a decline against the Japanese Yen since September 20th. We see the price failed to rise above the 50 EMA, which is pointing slightly down, the price is below the...

Olymp_Trade

Bitcoin has moved to an active bearish state. BTCUSD impulsively fall down from the giant triangle in which the price has consolidated since the end of June. The main question that is now on the minds of all crypto traders is when will this decline end. So, let's try to figure it out.   The way out from this triangle has been asking for a long time. Since...

01:40

Olymp_Trade

Bullish momentum returned to USD JPY on Wednesday September 25th when investors realized that an impeachment for US President D. Trump is highly unlikely. Today we are seeing another month of decline in Tokyo Core CPI, reported at worse than expected 0.5%, vs 0.6% forecasted and the previous fact 0.7%. On Monday we’ll want to pay attention in the morning to...

01:47

Olymp_Trade

1HTF EURUSD paints an interesting picture. The Euro created a new lowest low since January of 2017 at 1.09227 against the USD. The price has since retraced but failed to break the 61.8% Fibo resistance at 1.09633 for the second time, following worse than expected US Initial Jobless Claims. Currently, the main focus of attention for the pair is yet another...

01:52

Olymp_Trade

On Tuesday, September the 24th, Democratic House Speaker Nancy Pelosi launched a formal impeachment inquiry against President Donald Trump after new allegationsarose linking Trump’s actions to his own political benefit. The new allegations are concerning a phone call that took place in July of this year between President Trump and the President of Ukraine...

03:19

Olymp_Trade

Ever since parliament started aggressively fighting back against a No-deal Brexit, the British Pound has been on a rise. Optimism, that the UK won’t crash out of the EU without a divorce deal brought the price to the highest level in two months at 1.25820 on September 20th. On a 4HTF, the peak created at 1.25820 looks like the head on a head and shoulders...

01:48

Olymp_Trade

The Economic Calendar this morning was red across the board of French, German and Euro Zone Manufacturing and Services PMI. German Manufacturing PMI saw the sharpest decline in a decade, the index has slumped to 41.4 in September compared to 43.5 in August. As a result, the Euro fell against many cross-counter parts. Today we will analyze the Euro against the...

02:45

Olymp_Trade

Today, the Swiss National Bank left its key interest rate unchanged at -0.75%. The Swiss Franc grew on optimistic Monetary Policy Assessment. The SNB stated that “the SNB is revising down its growth forecast for the coming quarters. Over the short term, international momentum is likely to be modest. However, in the medium term the SNB expects the global economy to...

01:50

Olymp_Trade

USDJPY like many other USD majors are waiting for the FEDs interest rate decision. To be more accurate the main focus will be the Fed Chair Jerome Powell’s statement, as a quarter rate cut is already priced in by investors. If the FED is optimistic about the future and does not hint at more easing – USDJPY may rise and if the FED is dovish the pair is likely to...

01:42

Olymp_Trade

4HTF CADJPY shows us the price attempted to break the strong area of resistance in a form of a trend line down that initiated at the end of 2018. 4HTF shows us a Death Cross, 1HTF shows price failed to breach the bottom of the Ichimoku Cloud. Ideally, we want to see the price break and close below the 23.6% Fibo level which is acting and has acted in the past...

02:44

Olymp_Trade

Today’s market driven data is focused on oil. On Saturday, September 14th, 10 drones with explosives attacked 2 crude processing facilities Abqaiq and Khurais in Saudi Arabia. Abqaiq is operated by Aramco and is the largest oil processing facility in the world. The state of the damage is not yet clear but the attack has wiped out 5% of the world’s oil supply,...

02:18

Olymp_Trade

As the trade war between the United States and China de-escalates the USD is trading bullish against the Japanese Yen. The pair has been seeing gains since the beginning of September and is currently trading at approximately 108. Last week the worlds two largest economies announced that they will resume high level negotiation talks in early October. Next week we...

02:03

Olymp_Trade

Daily TF shows us a double bottom pattern, price just reached the confirmation line. We also have a break of our trend line down from April. We have a TK cross, Base line and conversion line are pointing up and the price has entered the Ichimoku Cloud. Lagging Span has already intersected the price chart. Switching to the 4HTF - shows us that we may be due...

02:44

Olymp_Trade

The Euro has been on a steady decline against the USD since mid-February of 2018. The pair has reached a new low of 2019 on September 3rd at 1.09259 and then rallied on Dollar weakness following worse than expected ISM Manufacturing. On a 4HTF, we have a strong bearish candle that engulfed all of yesterday. This is following a TK cross to the downside. The Chikou...

01:23

Olymp_Trade

On a Daily TF we see the price has stalled at the local 61.8% Fibo around 107.345 which is at the same level as the bottom of the Ichimoku Cloud. On a 4HTF the pair is showing a slight retracement. We have to keep our eye out on news Headlines about the trade war if we want to trade pairs with the USD. As a result: If the price breaks this 61.8%...

01:59

Olymp_Trade

DTF – Price broke local trend line up. Price is attempting to breach the Ichimoku Cloud. The Base Line and Conversion Line are intertwined. 4HTF the bias is Bullish. We may see a retracement with target areas at 23.6% Fibo 1.22829 , following that 38.2% Fibo 1.22209 and then our 50% Fibo which is close to our Base line at 1.21707 . For further movement u...

03:18

Olymp_Trade

Today we had the release of the anticipated US Non-farm payrolls. The forecast was slightly above the previous fact at 160K. Investors had mixed signals from previous reports, such as the ADT NFP rose by 195K in August, but on the other hand the ISM indicator showed a regression in employment activity. Looking at a 1H TF on USD CHF we see that traders were more...

Olymp_Trade

Main cryptocurrency chart BTCUSD has been in a bearish correction since the end of June. Asset has tested the medium-term downtrend line (red line) several times and is currently trading relatively closely. The structure of movement itself, if you look closely, has a large number of local Fibo patterns. To analyze them, let's introduce following symbols: point A...