RSS Forex Analysis

  • Analysis of Gold for March 18, 2019 March 18, 2019
    Gold has been trading sideways at the price of $1.302.00. Potential double top formation is in creation.According to the H4 timeframe, we have found potential end of the upward correction (abc flat) in the background. It signals the opportunity for the bearish trend to continue. There is also a potential double top formed at the […]
  • Bitcoin analysis for March 18, 2019 March 18, 2019
    Bitcoin has been trading sideways at the price of $3.956. Our first target is reached at $3.929, and we expect the second target to be hit as well.BTC is in consolidation phase (potential bullish flag pattern), and we anticipate the upward trend to continue. Stochastic oscillator is ready for an upswing. This is a good […]
  • March 18, 2019 : EUR/USD Bearish opportunity around upper border of trend channel. March 18, 2019
    On January 10th, the market initiated the depicted bearish channel around 1.1570.The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.Bullish fixation above 1.1430 was needed to enhance a further bullish movement towards 1.1520.However, the market has […]
  • March 18, 2019 : GBP/USD Intraday technical levels and trade recommendations. March 18, 2019
    On January 2nd, the market initiated the depicted uptrend line around 1.2380.This uptrend line managed to push price towards 1.3200 before the GBP/USD pair came to meet the uptrend again around 1.2775 on February 14.Another bullish wave was demonstrated towards 1.3350 before the bearish pullback brought the pair towards the uptrend again on March 11.A […]
  • Technical analysis of AUD/USD for March 18, 2019 March 18, 2019
    Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and 0.7168. This support has been rejected four times confirming the uptrend. Hence, the major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, […]
  • Technical analysis of EUR/USD for March 18, 2019 March 18, 2019
    Overview: The EUR/USD pair is trading around the daily pivot point (1.1393). It continued to move downwards from the level of 1.1393 to the bottom around 1.1335. This week, the first resistance level is seen at 1.1393 followed by 1.1426, while the first daily support is seen at 1.1335. Furthermore, the moving average (100) starts […]
  • Analysis of EUR/USD divergence for March 18: pair is ready to continue moderate growth March 18, 2019
    4hAs seen on the 24-hour chart, the pair closed above the retracement level of 127.2% (1.1285). Thus, growth is expected to continue towards the retracement level of 100.0% (1.1553). Currently, there is no emerging divergence on the chart. If the pair closes below the Fibo level of 127.2%, it can be a sign of a […]
  • Analysis of GBP / USD divergence for March 18. Market sentiment on GBP unclear March 18, 2019
    4h On the hourly chart, the pair rebounded again from the retracement level of 38.2% (1.3220) and closed above the Fibo level of 23.6% which is 1.3228. As a result on March 18, the price may continue its growth, heading for the next retracement level of 0.0% which is 1.3380. If case the pair holds […]
  • Trading Plan for 03/18/2019 March 18, 2019
    Overall: focus on the Fed. The Brexit issue temporarily leaves the headlines since Britain's exit from the EU will be postponed for quite a while. The top event of the new week is the Fed's decision on its monetary policy scheduled for Wednesday. Everyone expects a soft statement by the Fed supporting the European currencies […]
  • Burning Forecast 03/18/2019 March 18, 2019
    Last week, the EUR/USD pair showed quite clearly that technically the price were capped from moving further downward. The break below 1.1200 turned out to be false. Buyers prevented the price fall and nudged the price under the upper limit of the range. Investors do not view the Brexit agreement between the UK and the […]
  • Market activity slows down before FOMC meeting March 18, 2019
    The key event of this week, the US Federal Reserve's meeting on Wednesday, is not likely to bring any significant news to the market. The economic background looks unsustainable, while the data from the labor market turned out ot be mixed. Thus, there is no reason to expect the optimistic sentiment under current conditions. On […]
  • Technical analysis for EUR/USD for March 18, 2019 March 18, 2019
    EUR/USD continues to respect support at 1.1290-1.13 and that is why the pair is making higher highs. There are some bearish divergence signs by the RSI but short-term trend remains bullish as long as price is above 1.13 and we could see 1.1380-1.1390 next for a test of the major resistance at 1.14.Blue line - […]
  • Technical analysis for Gold for March 18, 2019 March 18, 2019
    Gold price is trading around important pivot level of $1,300. As long as price is above it there are many chances we see another run higher towards $1,322. Staying below $1,300 will open the way for another sell off towards $1,250.Blue lines - bullish channelRed line - RSI support trend lineGold price broke out and […]
  • Elliott Wave analysis of Ethereum for 18/03/2019 March 18, 2019
    Technical market overview:The ETH/USD pair has failed to rally above the technical resistance zone located between the levels of 139.63 - 142.22 despite the new local high was made at the level of 143.51. The top for the wave (b) has been made and the bears took control over the market. The first technical support […]
  • Elliott Wave analysis of Bitcoin for 18/03/2019 March 18, 2019
    Battle of 61% Fibonacci retracement is still presentTechnical market overview:The BTC/USD pair has made a new local high at the level of $4,122 and then suddenly moved down towards the technical resistance located between the levels of $4,076 - $4,101. The bulls were too weak to move higher again. Hence, the price dropped towards the […]