20 January, 2017 11:00
Daily Analysis from EW-Forecast | EURUSD / Silver | 20 of January
Good morning everyone!
That said, let’s look at EURUSD where I see another high coming to around 1.0730/50 as recent pullback to 1.0590 looks like a corrective wave, wave four within an ending diagonal which will be expected to send pair lower still, later today or next week.
20 January, 2017 10:00
Fundamental Analysis | EURUSD / GBPUSD | 20 of January
Yesterday's European trading had a good start: Euro-Zone Current Account for November increased from 28.3 billion euros to 29.3 billion euros. Monetary policy of the ECB remains unchanged. ECB President Mario Draghi said yesterday that if economic conditions deteriorate Central Bank, the main regulator of the euro area will go on extending or increasing the QE program.
19 January, 2017 15:00
Daily Analysis | GBPUSD | 19 of January
The spike that was caused after Theresa May's conference was successfully faded as we predicted in the previous GBP/USD coverage. However it has been clear that 1.2250 is very important support and that it needs to break for further bearish continuation.
19 January, 2017 10:00
Fundamental Analysis | EURUSD / GBPUSD | 19 of January
Yesterday's trading forced the pound and the euro to move away against the maximum levels. However, we do not see any news that would be able to stop the speculative growth of the counter-dollar currencies. Inertia could send the competitors of the dollar even higher than now. Perhaps, now the Friday inauguration of Donald Trump will carry a negative factor for the market, against the background of recent speeches of Theresa May.
18 January, 2017 12:00
Daily Analysis from EW-Forecast | EURUSD / GBPUSD | 18 of January
On the 4h chart of EURUSD we are observing a three wave move developing in wave 4), with price now particularly trading in sub-wave C. As we can see on the updated count, wave C could unfold as an ending diagonal, a powerful reversal pattern that can after its completion cause a sharp reversal lower into wave 5).
18 January, 2017 11:00
Daily Analysis | GBPUSD | 17 of January
The USD/JPY is recovering from a recent drop and we can see a bullish structure forming on intraday time frame. The structure is a bullish Wolfe Wave where point 4 is between point 1 and 2 and that accounts for a strict bullish Wolfe Wave. Breakout of 113.45 could be a sign for bullish wave towards 113.70 and 114.00.
18 January, 2017 10:00
Fundamental Analysis | EURUSD / GBPUSD | 18 of January
Yesterday turned out to be unusually active. The activity began after the UK Prime Minister speech Theresa May and her statements about the country's exit from the EU. And has proceeded with criticism from Donald Trump, who is dissatisfied with the high dollar. Against this backdrop the pound sterling rose by 360+ points, euro - by 110 points.
17 January, 2017 14:00
Daily Analysis | GBPUSD | 17 of January
The GBP/USD behaved as planned just before the May's press conference had started. Just before the conference it followed our Session Recap analysis and dropped for 65 pips originally. However the weakness in the GBP hasn't been sustained due to "sell the rumour, buy the fact" scenario.
17 January, 2017 12:00
Daily Analysis from EW-Forecast | Crude Oil / USDJPY | 17 of January
USDJPY is in a strong bullish mode for the last few months so current pullback is just a temporary pause within an uptrend that may look for a support at 112.00-113.00 region. We see this bearish activity as corrective wave 4, that seems to be unfolding as a double zig-zag pattern.
17 January, 2017 10:00
Fundamental Analysis | EURUSD / GBPUSD | 17 of January
Yesterday's trading has been in a moderately quiet movement, we recall that the US market was closed. The main news of the day was the announcement that Brexit plan will not be too hard, as Theresa May previously stated. Pound corrected by 46 points. Today, we will hear the answer of Theresa May on Brexit issues.