On the first day of March, stock markets experienced the strongest rally in four months. On Tuesday, the optimism had faded somewhat for a number of reasons. China’s central bank spokesman is worried about bubbles in the housing market and...
Latest
March 03, 2021 @ 10:47 +03:00
The Chinese government is set to kick off an annual parliamentary meeting this week for approving national priorities for 2021. The gathering of delegates, known as the “Two Sessions,” has overseen such changes as President Xi Jinping’s abolition of term...
-2h ago
• Copper reversed from support level 410.00 • Likely to reach resistance level 436.20 Copper recently reversed up from the support level 410.00 (which has been reversing the price end the start of February). The support area near the support...
• EURAUD reversed from resistance level 1.5700 • Likely to fall to support level 1.5300 EURAUD recently reversed down from the resistance level 1.5700 (which has been reversing the price from the start of February) – standing near to the...
Economic Events
March 01, 2021 @ 17:12 +03:00
Bitcoin gains after correction: bears made noise for a while but now flee the scene
Daily Outlook
Crypto Review
February 25, 2021 @ 15:56 +03:00
Bitcoin is hovering around $50K, unable to break away from that important round level for long. Nevertheless, the ability to hang on to such a high price level is already great news for the entire crypto market. The correction from...
February 23, 2021 @ 15:51 +03:00
The crypto market has turned red. On the second day of the week, digital currencies moved into a massive correction. Hardly anyone was surprised by the sell-off after such impressive growth; nevertheless, it is always much harder to accept the...
February 18, 2021 @ 16:42 +03:00
The crypto market is slowly recalling a long-forgotten sense of hype and FOMO. As Bitcoin rises, there are fewer sellers in the market. The market has forced the most cautious investors to close positions in the $20-$30K range. Around $50K,...
Market Snapshots
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March 02, 2021 @ 18:42 +03:00
• Copper reversed from support level 410.00 • Likely to reach resistance level 436.20 Copper recently reversed up from the support level 410.00 (which has been reversing the price end the start of February). The support area near the support...
March 02, 2021 @ 18:41 +03:00
• EURAUD reversed from resistance level 1.5700 • Likely to fall to support level 1.5300 EURAUD recently reversed down from the resistance level 1.5700 (which has been reversing the price from the start of February) – standing near to the...
March 02, 2021 @ 18:40 +03:00
• AUDUSD reversed from support level 0.7730 • Likely to rise to resistance level 0.7870 AUDUSD recently reversed up from the support level 0.7730 (which has been reversing the price from the middle of February) – intersecting with the 61.8%...
March 02, 2021 @ 18:40 +03:00
• Dax broke daily down channel • Likely to reach resistance level 14200.00 Dax index continues to rise inside the minor impulse wave 3 which started earlier from the support level 13660.00 (which also formed the daily Hammer at the...
March 01, 2021 @ 18:57 +03:00
• Gold broke powerful support level 1766.00 • Likely to fall to support level 1700.00 Gold recently broke the powerful support level 1766.00 (which has been reversing the price from the end of November). The breakout of the support level...
March 01, 2021 @ 18:56 +03:00
• Cocoa broke resistance level 2564.00 • Likely to reach resistance level 2658 Cocoa continues to rise strongly after breaking the resistance level 2564.00 (monthly high from January) – after it broke the daily down channel from December. The breakout...
March 01, 2021 @ 18:55 +03:00
• USDCHF broke resistance area • Likely to rise to 0.9200 USDCHF recently broke the resistance area located between the resistance level 0.9030 (top of the previous correction (A)) and the 61.8% Fibonacci correction of the previous sharp downward impulse...
March 01, 2021 @ 18:55 +03:00
• EURJPY reversed from resistance level 130.00 • Likely to reach support level 127.30 EURJPY recently reversed down from the resistance level 130.00 (previous upward target) – intersecting with the resistance trendline of the daily up channel from November. The...
February 26, 2021 @ 18:37 +03:00
• GBPAUD reversed from support area • Likely to reach resistance level 1.8030 GBPAUD recently reversed up from the support area lying between the pivotal support level 1.773, lower daily Bollinger band and the 50% Fibonacci correction of the previous...
February 26, 2021 @ 18:36 +03:00
• MasterCard reversed from major resistance area • Likely to fall to support level 350.00 MasterCard recently reversed down from the major resistance area located between the multi-month resistance level 366.30 (which stopped the sharp uptrend in August of 2020)...
February 26, 2021 @ 18:34 +03:00
• EURNZD reversed from multi-year support level 1.6410 • Likely to rise to resistance level 1.6800 EURNZD recently reversed up from the major support area located between the multi-year support level 1.6410 (which has been reversing the price from the...
February 26, 2021 @ 18:33 +03:00
• EURAUD reversed from support area • Likely to reach resistance level 1.6000 EURAUD recently reversed up from the support area lying between the long-term support level 1.5390 (which has been reversing the price from the middle of 2018) and...
February 26, 2021 @ 18:32 +03:00
• Sugar reversed from resistance area • Likely to fall to 17.00 Sugar recently reversed down from the resistance area located between the resistance level 18.00 (former strong support level from the end of 2016) and the upper weekly and...
February 25, 2021 @ 19:01 +03:00
• EURUSD broke key resistance level 1.2150 • Likely to reach resistance 1.2350 EURUSD currency pair recently broke the resistance level 1.2150 (which stopped the previous waves B and 1) intersecting with the 50% Fibonacci correction of the downward correction...
February 25, 2021 @ 19:00 +03:00
• Soy reversed from resistance area • Likely to reach support level 1350.00 Soy recently reversed down from the resistance area lying between the resistance level 1436.00 (which has stopped the previous impulse wave (1) at the start of January)...
February 25, 2021 @ 18:59 +03:00
• 3M reversed from support area • Likely to reach resistance 182.16 3M recently reversed up from the support area lying between the support level 173.95 (which has been reversing the price from the start of February) and the 50%...
February 25, 2021 @ 18:58 +03:00
• CADJPY broke key resistance level 84.40 • Likely to reach resistance 86.00 CADJPY continues to rise inside the sharp impulse wave 3 – which earlier broke above the key resistance level 84.40 (former monthly high from February and January...
February 25, 2021 @ 18:58 +03:00
• EURGBP reversed from support area • Likely to reach resistance level 0.8700 EURGBP recently reversed up from the support area lying between the support level 0.8600 (former major resistance from the end of 2019) and the lower daily Bollinger...
February 24, 2021 @ 18:51 +03:00
• NZDCHF under the strong bullish pressure • Likely to reach resistance 0.6800 NZDCHF under the strong bullish pressure after the active impulse wave 5 broke above the major resistance level 0.6660 (former multi-month high from the middle of 2019)....
February 24, 2021 @ 18:50 +03:00
• Corn reversed from key support level 530.00 • Likely to reach resistance 575.00 Corn recently reversed up from the key support level 530.00 (former resistance level from the middle of January – which stopped the previous impulse wave (3))....
February 24, 2021 @ 18:49 +03:00
• CADCHF broke resistance levels 0.7150 and 0.7200 • Likely to reach resistance 0.7250 CADCHF continues to rise sharply after the price broke the eth weekly up channel from last year and the resistance levels 0.7150 and 0.7200 (multi-month high...
February 24, 2021 @ 18:48 +03:00
• Chevron rising inside sharp impulse wave 3 • Likely to reach resistance 103.85 Chevron continues to rise inside the sharp impulse wave 3 – which previously broke above the major resistance level 95.00 (former monthly high from November, December...
February 23, 2021 @ 18:57 +03:00
• American approached long-term resistance level 137.60 • Likely to reach resistance 145.00 American express recently approached the key long-term resistance level 137.60 (which reversed the price in January and in February of 2020 –as can be seen below). The...
February 23, 2021 @ 18:56 +03:00
• Soy broke round resistance level 1400.00 • Likely to reach resistance 1435.00 Soy recently broke the round resistance level 1400.00 (which stopped the previous impulse wave (1) at the start of February –as can be seen below). The breakout...
February 23, 2021 @ 18:55 +03:00
• GBPCHF broke resistance level 1.2480 • Likely to reach resistance 1.2800 GBPCHF continues to rise strongly after the pair broke the resistance level 1.2480, intersecting with the 61.8% Fibonacci correction of the previous downward impulse from December. The breakout...
February 23, 2021 @ 18:55 +03:00
• EURCHF broke resistance area • Likely to reach resistance 1.0970 EURCHF under strong bullish pressure after the pair broke the resistance area lying between the resistance levels 1.0870 and 1.0900 (monthly high from June). The breakout of this resistance...
February 22, 2021 @ 19:19 +03:00
• AUDCAD broke key resistance level 0.9900 • Likely to test resistance level 1.0050 AUDCAD continues to rise after breaking through the key resistance level 0.9900 (which stopped the previous shaper upward impulse wave (1) at the start of January)....
February 22, 2021 @ 19:18 +03:00
• Gold reversed from key support level 1766.00 • Likely to rise to 1825.00 Gold recently reversed up with the daily Morning Star from the key support level 1766.00 (which stopped the previous medium-term impulse wave (A) at the end...
February 22, 2021 @ 19:17 +03:00
• AUDCHF broke resistance level 0.6940 • Likely to rise to 0.7150 AUDCHF continues to rise after the pair broke above the resistance level 0.6940 (which stopped the previous short-term impulse wave 1 at the start of February). The breakout...
February 22, 2021 @ 19:16 +03:00
• Natural gas reversed from resistance level 3.300 • Likely to reach support level 2.700 Natural gas under bearish pressure after the price failed to hold the ground above the key resistance level 3.300 (which stopped the previous sharp uptrend...
February 19, 2021 @ 16:57 +03:00
• NZDUSD broke resistance level 0.7250 • Likely to rise to resistance level 0.7315 NZDUSD currency pair recently broke the resistance level 0.7250 (which is the upper boundary of the sideways price range inside which the pair has been trading...
February 19, 2021 @ 16:56 +03:00
• AUDJPY broke resistance level 82.30 • Likely to rise to resistance level 84.00 AUDJPY currency pair recently broke the minor resistance level 82.30 (which stopped the previous minor impulse wave (iii) earlier this month). The breakout of the resistance...
February 19, 2021 @ 16:55 +03:00
• AUDUSD broke resistance level 0.7800 • Likely to test resistance level 0.8000 AUDUSD under the strong bullish pressure following the earlier breakout of the pivotal resistance level 0.7800 (which reversed the price multiple times from the start of January)....
February 19, 2021 @ 16:54 +03:00
• NZDCHF broke resistance level 0.6500 • Likely to reach resistance level 0.6550 NZDCHF rose sharply today – on improved risk sentiment (which is driving Swiss franc sales) – above the resistance level 0.6500 (top of the previous impulse wave...
February 19, 2021 @ 16:53 +03:00
• Copper reached resistance level 390.00 • Likely to test resistance level 400.00 Copper today broke above the resistance level 390.00 (which was set as the likely upward target in our previous forecast for this instrument). The breakout of the...
February 18, 2021 @ 16:17 +03:00
• GBPCAD approached key resistance level 1.7670 • Possible downward correction to 1.7600 GBPCAD has been rising in the last few trading sessions and is currently trading near the key multi-month resistance level 1.7670 (which stopped the previous wave (B)...
February 18, 2021 @ 16:16 +03:00
• EURAUD under bearish pressure • Likely to test the support level 1.5400 EURAUD under bearish pressure after the price broke the key support level 1.5600 (which stopped the price twice in the middle of January). The breakout of the...
February 18, 2021 @ 16:15 +03:00
• Sugar broke the key resistance level 17.00 • Likely to rise to 18.00 Sugar recently broke the key resistance level 17.00 (which stopped the previous minor impulse wave (i) in the middle of this month). The breakout of the...
February 18, 2021 @ 16:14 +03:00
• AUDCHF reversed from support level 0,6910 • Likely to rise to 0,7000. AUDCHF recently reversed up from the support level 0,6910 (former resistance from the middle of January, acting as the support after it was broken previously). The upward...
February 18, 2021 @ 16:10 +03:00
• Coffee reversed from support level 120,00 • Likely to rise to resistance level 128,70 Coffee recently reversed up from the key support level 120,00, standing near the lower daily Bollinger Band and the 38,2% Fibonacci correction of the previous...
Brokers News
February 15, 2021 @ 09:22 +03:00
Please pay attention that on February 15, 2021, the trading schedule for several instruments will be changed due to US Presidents’ Day. The above schedule may be subject to change. You can see more information on the trading schedule here.
February 15, 2021 @ 09:20 +03:00
From February 12-17 the trading schedule for several instruments will be changed due to Chinese New Year & Spring Festival. The above schedule may be subject to change.You can see more information on the trading schedule here.
February 12, 2021 @ 12:26 +03:00
As per a recent announcement, Tesco PLC will consolidate its existing ordinary shares and pay a special dividend to its shareholders. Specifically, for every 19 existing shares, investors will receive 15 new shares. Additionally, a 50.93 pence special dividend will...
Brexit
January 06, 2021 @ 11:04 +03:00
The pound’s Brexit deal honeymoon looks well and truly over, with the currency off to the worst start to the year among its Group-of-10 peers. Allianz Global Investors has taken a short position on sterling against the euro, citing the...
January 05, 2021 @ 11:41 +03:00
Britain formally left the European Union’s trade bloc on Dec. 31, marking a new era for the U.K.-EU relationship. After months of wrangling, new rules for trade were finally agreed just days before the year-end deadline. But in a document...
December 25, 2020 @ 12:45 +03:00
Britain and the European Union agreed Thursday on new Brexit trading arrangements more than four years after the U.K. voted to leave the bloc, narrowly avoiding a potentially disastrous no-deal scenario. The two sides reached a “zero tariff-zero quota deal”...
Brexit
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