The upward index of our pair has weakened and at the moment we are seeing that our pair has consolidated near the level of 1.2385 and moved slightly away from it. Our technical indicators do not yet indicate a sale, although the pair was unable to overcome this level. Also after yesterday's trading, the dollar index has strengthened and the USD has grown relative...
Our pair has gone beyond the descending channel and is currently demonstrating growth. Against the backdrop of investors' expectations that the interest rate will be raised at the next Fed meeting, investors are returning their interest in the dollar. Given that our price has received a new upward support line we can expect further growth in the pair. In case...
After our price has come out of the triangle, we observe how the levels are worked out. At the moment, as we expected the price went up, but found a resistance level near the mark of 1.2380. And after yesterday's trading, the support level is 1.23000. We expect that our pair will again test the resistance level and try to consolidate above the 1.24 mark. So at the...
In connection with the prevailing trends in the markets, the dollar continues to decline relative to the basket of major currencies. That is connected with some political risks, and also it is confirmed by a technical picture. Our pair has a formed downtrend and at the moment we have moved away from the upper boundary of the descending channel. Thus we advice to...
Considering that our chart overcame the resistance level near the mark of 1.42 and was fixed above it, we expect further price advance up to local resistance levels. Given some political tensions and factors associated with geopolitical factors, we observe a weakening of the reserve currency rate relative to the basket of major pairs. Also, it is necessary to take...
After completing of the correction in the markets, we can observe the inverted figure "Head and shoulders" on the 4-hour chart. Since it has not come to the end, we can locally enter long positions. The MACD and Stochastic indicators confirm the upward movement. So Take Profit will be placed at the level of 1.2360 and the Stop Loss will be set below the level...
The demand for gold is falling against the background of the strengthening of the dollar. Therefore, investors are currently buying the dollar and its index rose above the 90.00 mark. American stock indexes also began to recover. Considering the graph from the point of view of wave analysis, we see the formation of another downward wave. Taking into account the...
Judging by the majority of technical indicators, we have seen a downward trend. And the published data from Germany, based on this statistics, had been worse than expected. Considering that our pair has broken through the resistance level, its further target is likely to be the level of 1.22 and 1.2170. The trend indicator RSI is directed downwards, and Stochastic...
Our pair could consolidate above 1.40 after the "head and shoulders" figure was formed. At the moment, we expect the return to the bullish market. The price is likely to try again testing the level of 1.40 after which it will go up. The US dollar continues to be pressured by tension in the trade relations between China and the United States. Since negotiations can...
On the 4-hour chart we can see that our pair draws the second shoulder of the "head and shoulders" figures, having found the resistance level at 1.2450. At this point, the pair turned and moved down. Therefore, we expect the price to reach the level of 1.2240. We advice to set a take-profit at this level. The data released today from Germany and Italy seemed worse...
At the moment, we see a continuation of the downtrend. The price fell below the 9.300 mark which is the level of the double top on our chart. This figure is not worked out until the end, for now. Also in a smaller period, we see a repetition of this situation. Given the global recession in the Crypto-currency markets, we believe that the trend will continue in the...
After the drawdown to the level of 88.59 on Tuesday, the dollar index for the second consecutive day regains its position. Data that is currently out on the British pound, were worse than expected. The index on housing prices for the month and year, strengthened bearish sentiment. Also on the 4-hour chart, we see a spent head and shoulders figure. This figure can...
Since the beginning of today's trading pair of resin to overcome the resistance level and tends to mark 1.2425. Given that the price range has narrowed and coming out of the triangle, we expect further growth of the pair. MACD rose above the zero mark and confirms the buy signal. We expect that the next level that the price will test will be the mark of...
Our couple is trying to break through the triangle and pressed against its upper boundary. Given the recent fluctuations in the dollar, most likely it will weaken. We expect that the price will come out of this range and break the upper limit. So the euro will be able to win back the highs of last month and go to around 1.25. This mark was earlier only in 2014,...
Yesterday, the Fed held a meeting, after which the dollar began to sell off massively. Investors were set for 4 interest rate increases this year. However, according to the speech of Jerome Powell during the press conference, it became clear that this year there are likely to be only three upgrades. Despite an increase in the interest rate by 25 basis points and...
Prices for Brent rose sharply against the background of political tension. There was an aggravation of relations between Iran and the head of the White House, Donald Trump, who threatens to terminate the nuclear deal. They put considerable pressure on the market and quotes, as it can reduce the volume of daily world oil production by 600 thousand barrels per...
During yesterday's trading session, the US dollar was down against the basket of major currencies. Given that on Wednesday night the Fed will hold a meeting in which the decision to raise the interest rate will be published, investors suspended the sale of the dollar. Today the publication of data on the German economy will take place. After the publication of the...
The price for Bitcoin has found a strong support level near the mark of 8,000 and came out of the corridor of 10-11k - the level of November 2017. Given the fall in volatility for our pair, we can put a smaller Stop Loss and it is unlikely that our pair will reach the level of 9.000 in the near future. Also taking into account the fact that on the weekend the...