Hope you all have a nice day my companions! I did this analysis based on fibonacci, volumeprofiling and background news. Fibonacci shows us a strength resistance around 11.30$, this need to break before we can estimate further price movements. the volumprofile is confident around 10.70$, this is mostly the target in the next days/weeks - lets see. Stop loss...
TradingView introduced gradient background. I wonder what kind of ugly charts people will produce with this functionality...? TradingView if you want to add something like this please give us a background image so you can brand your chart. - Url to background image - width in pixels, height will be calculated based on proportions - position (x,y) or list...
Data on NFP, Brexit and negotiations between the United States and China Bank of India lowered the rate yesterday, what provoked the sale of the Indian rupee in the foreign exchange market. So those of our readers who followed yesterday's recommendation to buy USDINR should have made good money. The US and China continue to generate positive news about progress...
Tuesday, compared with Monday, turned out to be much calmer in most financial markets. With the exception of the cryptocurrency market. There was a strong surge of optimism, resulting in a sharp increase in Bitcoin. For some time, the cryptocurrency was even quoted above 5,000, which was not the case since November 2018. The growth rate of Bitcoin reached 23%...
Monday was a very busy day for financial markets. It was partly due to the processing of weekend news (May's statement on Brexit, the results of the elections in Turkey), partly with new news stories. But first things first. Brexit news. May’s attempt to hold the fourth vote in a row failed so far. Monday didn’t bring anything new to the current Brexit...
Last week ended with the “accompaniment” of the UK news. Theresa May was still able to vote on her plan to leave the EU. However, it would be better if she did not do this, since she suffered a third defeat. In theory, this should have been the final vote. Since the UK was unable to reach an agreement last week, the postponement of Brexit until May 22 is not...
Thursday quite unexpectedly turned out to be volatile for financial markets. The data on US GDP for the fourth quarter were revised downwards and in general were worse than expected. The figures from the Eurozone are excellent, but relative to the US GDP this is a failure (the rate of 4.2% of quarterly GDP growth in summer 2018). Despite the growth of the dollar...
A vote in the UK Parliament regarding possible Brexit scenarios. There were 8 options for solving the Brexit problem, however no clarity followed. All options were rejected by Parliament. In essence, the initiative is again returning to Theresa May, who went all-in yesterday. She promised to resign if lawmakers vote for her version of the agreement with the EU. We...
The dollar unexpectedly “decided” to demonstrate the maximum values in a couple of weeks. Among the main victims was the euro. One of the reasons for the sharp decline in EURUSD was the extremely weak data on business activity in the manufacturing sector in Germany. The PMI index in the manufacturing industry in March fell to its lowest level since 2012, a mark...
Yesterday’s statistics on the UK labor market. The data turned out to be quite good: unemployment rate appears better than forecast (3.9% with a forecast of 4%), employment rate is much better than experts' expectations (+ 222,000 with a forecast of + 120,000), average wages is also higher than expectations (+ 3.4% with a forecast of + 3.2%). So, the "attempt” of...
The international currency market` attention has been captured by Brexit and the pound, again. British lawmakers rejected a no-deal Brexit (voted by 312 to 308 to reject leaving the EU without a withdrawal agreement). Consequently, there will be a vote on delaying Brexit. It is about lack of time for completing new agreement and holding another Brexit vote ( the...
The financial market's attention has been captured by the UK Parliament. So, the GBP was highly volatile, seemed like nervously dancing, moving of 100-200 steps up and down. The result is: the British Parliament rejected Brexit deal (391 deputies voted against the agreement, 242 voted in favor). Today the parliament is going to vote on whether or not to pursue a...
One of the main events of the previous day was the announcement of the results of the ECB meeting. The rate is unchanged as we expected. Forecasts for economic growth in the Eurozone were sharply lowered (GDP rates are projected at 1.1% in 2019 instead of the previously expected 1.7%). As a result, the ECB has decided to mitigate the monetary policy a little bit...
Wednesday has brought nothing new to the power structure in the financial markets. The Bank of Canada left the bet unchanged. A solution that has already been taken into account by the markets. But the extremely weak data on the Ivey PMI Business Index (50.6 vs. January 54.7) and the general sentiment in the foreign exchange market against the Canadian dollar,...
The Reserve Bank of Australia did not introduce changes in monetary policy. Consequently, we did not observe any significant reaction of the pairs with the Australian dollar. However, today, after the publication of week data on Australia`s GDP, against the background of previous even weaker data, the Australian dollar could not stand it and fell down....
Hello everybody, This is my first post and I would like to give you some deeper thoughts on Bitcoin for you to think about and I would love to talk with you guys and share some knowledge. Generally I am a Scalper, Daytrader mostly in Forex but also in Cryptos and Stocks because what works on one side might work on the other... But we are not here to think but to...
Target is 61% fibo weekly trend: bearish Going down from stong resestance (daily and weekly)