The currency pair had a downside retracement last week. British Pound started to decline right after testing 1,3206 and developed its correction until 1,2926. GBP/USD has reached the ascending trend line but restored its previous positions in a very fast manner. Mark Carney has commented Brexit within the framework of the Bank of England Meeting, which took place...
The currency pair developed its range fluctuations last week and declined according to our expectations towards 1,1300. We have drawn an ascending trend line on the Daily chart, but the uptrend is still very weak. We think that it may have a momentum in future if the trend line holds bearish attacks. There were no changes in fundamental picture last week. US...
Bitcoin declined significantly last week with a huge candlestick on Tuesday. We think that this is the end of the local downtrend as we have three dojis in a row. However, those are not reverse signals and we advise to wait until something bigger to come.
UK currency managed to jump over 1,2750 on Friday, but we do not think that this is the complete breakthrough and the beginning of something big. British Parliament is going to vote on Tuesday and we advise to avoid trading before Wednesday at least.
The European currency is under the pressure again. Despite the attempts to break higher 1,1500, EUR/USD reversed last week and jumped below 1,1500 again. We think that it is time to target 1,1250 in the nearest future
The currency pair develops a downtrend and has broken through 4000 level. It stays below in the moment of writing. the closest support area lies at 3500 and we think that BTC/USd is likely to reach it before any further steps. However, in total, we expect some upside correction in the mnearest future.
The currency pair fluctuated in both directions last week, but finally declined on Friday. We can see that it is still under the pressure, despite good news about the Brexit Agreement. What is going to happen this week? It is hard to say currently. We think that it is going to test 1,2750 before Friday as the currency pair is under the pressure. This is our...
The currency pair attempted to grow last week, but failed to and declined finally. EUR/USD estalished new local lows. The curency pair is under the pressure as Eurozone PMI data was worse than expected. The Interest Rates rise expectations from ECB decreased and now EUR may develop its downtrend. We think that the currency pair is going to test 1,1250-1,1200 first.
The currency pair declined significantly last week. It is forming a new support line currently. Bulls have hopes that the currency pair is likely to reverse and start its uprent towards 6181 at least.
GBP/USD attempted to grow last week, but there was a huge bearish candlestick on Thursday after the news about resign of UK Brexit Minister. However, the curency pair reversed on Friday giving bulls some hope to change the situation. We think that the currency pair is likely to move towards 1,3000 first. There you need to look at the situation. If there is a...
The curency pair was growing for almost the whole lat week. EUR/USD has bounced off 1,1250 and moved upwards. There are two main market drivers currently - Brexit and Italian budget deficit. It seems like market participants are sick and tired of both of them and want to start earning even in this risky situation. We think that EUR/USD is likely to move towards...
Bitcoin is still in a narrow range which is unnatural for the currency pair taking into consideration the past years. The delayed ETF launch shifts the focus from BTC to other assets. We think that ETF decision won’t be taken until 2019. The currency pair is currently within the range limited by 6177 and 6781. The volatility is low and the pair is unable to reach...
Buyers have tried to run the currency pair towards 1,3250 in vain. The price reversed and decline to 1,3000 and even lower on Friday. The Bulls are still waiting for their opportunities. What to do next week? We advise to wait for the signal first. If it appears, then you can buy the currency pair targeting 1,3250. However, if GBP/USD confirms the breakout of...
The currency pair attempted to attack 1,1500 area last week, but failed to do this. The FOMC expectations and Italian problems along with Brexit pushed the currency pair lower. EUR/USD Friday’s fluctuations resulted in the currency pair approaching 1,1300 again. We recommend waiting for the signals close to 1,1300 and to buy the currency pair in case of reverse...
Bitcoin has made no significant moves last week. The currency pair almost reached 6181 last week but reversed and has shown some intention to further growth. The resistance level that we advise to pay attention to lies at 6781. What are our thoughts on current situation? Bitcoin is likely to develop tis growth towards 6781 in the next several days towards the...
British Pound went upwards last week after reaching 1,2700. The currency pair has got support from Brexit news. One of the UK ministers has announced the possible agreement between the UK and the European Union. This agreement may be signed on November. GBP/USD started to grow on Wednesday and reached 1,3000 by Friday. However, the last day of week was negative...
The situation on Forex this week was very hard for the bulls as bears developed their progress. EUR/USD established new local lows and almost reached dips of the end of October. However, there was one thing that became a game changer. One of the UK ministers announced Brexit agreement to be signed on November. This means no hard Brexit and gave the opportunity...
Bitcoin trading becomes more and more boring. The currency pair has made almost no movement in the past 7 days. We can see small candlesticks on the chart. Moreover, no signals yet to indicate the possible direction of fluctuations. What’s next? It is hard to say currently. We think that there will be no serious fluctuations next week due to the lack of important...