Overview The GBP/JPY pair faced sudden negative pressure yesterday that forced it to form some correctional trading and test 50% Fibonacci correction level at 149.10. The stability of the current level confirms forming solid support against the negative fluctuations. So, we still suggest the bullish bias with the target levels of 152.80 followed by 155.20. […]
Overview Gold price continues to decline. The metal is heading for the projected target at $1,263.15. Let me remind you that this level represents 61.8% Fibonacci correction for the rise from $1,204.81 to $1,235.73. I’d like to stress the importance of this level for the short-term trading. Indeed, breaking this level will extend price losses […]
Overview Silver price continues to fluctuate around the key support $16.56. The metal is waiting to break this level to confirm a further bearish wave to the target level of $15.49 in the short term. Please note that the EMA50 is putting downward pressure on the price to encourage a further decline in the upcoming […]
Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3229. According to the 30M time-frame, I found a fake pullback into the yesterday’s trading range, which is a sign of weakness. There is also a breakout of intraday upward trendline, which is another sign of weakness. My […]
Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1762. According to the 15M time -frame, I found a breakout of the upward trendline, which is a sign that buying looks risky. There is a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice […]
Comments from speech Repeal bill is essential and we will not allow it to be wrecked a «no deal» scenario is not what we seek The consequences of failure on Brexit talks are enormous Speaks the truth.The GBPUSD has rebounded to 1.32515 after testing support near 1.3214-16 (see prior post). The low reached
Not bad numbers Ford sales up 8.9% vs 2.3% estimate GM sales up 11.9% vs 7.9% estimate and just in: Nissan up +9.5% vs.-8.7% estimate Three better than expected sales results.
Can it stay above 112.815-93Looking at the 4-hour chart, the 112.815-93 area was a swing area that defined a break higher back in June/July. Last week there were two breaks above that area (yellow area). Each failed. Yesterday there was another break that failed. Currently we are in the midst of the 4th break higher and […]
That’s the bad newsThe Fiat Chrysler sales fot the month of September fell -9.7%. That is the bad news. The good news is the estimate was for a -13.0% decline. Weather is expected to have made an impact this month.