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Elliott Wave analysis of BTC/USD for 19/04/2019
The Japanese financial regulator, the Financial Services Agency (FSA), no longer wants to describe Bitcoin as a virtual currency. During the...
Posted On 19 Apr 2019
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Technical analysis of AUD/USD for April 19, 2019
Overview: The AUD/USD pair is set above strong support at the levels of 0.7046 and 0.7168. This support has been rejected four times confirming...
Posted On 19 Apr 2019
Technical analysis for Gold for April 19, 2019
Gold price remains in a bearish short-term trend. Gold price broke below important support levels but the move lower has not extended yet towards...
Posted On 19 Apr 2019
Elliott Wave analysis of ETH/USD for 19/04/2019
Crypto Industry News: The founder and CEO of Tron, Justin Sun, claimed that in his opinion the Tron ecosystem would “officially...
Posted On 19 Apr 2019
Technical analysis of USD/CAD for April 19, 2019
Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. Yesterday, the pair rose from the level of 1.3228 (the level of...
Posted On 19 Apr 2019
USD Strengthens On Retail Sales And Jobless Claims
The greenback maintained gains as economic data from the United States continued to support the view that growth was robust. The monthly retail...
Posted On 19 Apr 2019
USD Muted Despite China Growth And Shrinking Deficit
The USD was trading mixed on Wednesday despite positive headlines from China. The first quarter GDP report showed China’s growth rising at a pace...
Posted On 18 Apr 2019
Will The US Trade Deficit Rise In February?
The latest monthly trade balance figures from the United States will be coming out later today. According to the median estimates, economists are...
Posted On 17 Apr 2019
Elliott wave analysis of GBP/JPY for April 17, 2019
The uptrend from 131.55 remains firmly in place. We expect support at 145.90 at most. 145.50 will be able to protect the downside for the renewed...
Posted On 17 Apr 2019
Elliott Wave analysis of Bitcoin for 17/04/2018
Crypto Industry News: According to media reports, France will attempt to convince the other EU Member States to adopt similar to its own rules on...
Posted On 17 Apr 2019
Elliott Wave analysis of ETH/USD for 17/04/2019
Crypto Industry News: David Solomon, CEO of Goldman Sachs, categorically dismissed the claim that the bank had ever planned to open a...
Posted On 17 Apr 2019
Technical analysis for Gold for April 17, 2019
Gold price broke below important support area of $1,280-90 yesterday. Trend remains bearish. Price should continue lower towards $1,250-60 over...
Posted On 17 Apr 2019
Technical analysis for EURUSD for April 17, 2019
EURUSD as expected made a pull back towards 1.1280 yesterday but it still remains inside the short-term bullish channel. Price is now challenging...
Posted On 17 Apr 2019
Will The US Trade Deficit Rise In February?
The latest monthly trade balance figures from the United States will be coming out later today. According to the median estimates, economists are...
Posted On 17 Apr 2019
New Zealand Quarterly Inflation Weaker Than Expected
The quarterly inflation report from New Zealand saw consumer prices rising at a slower pace than forecast. Data from Statistics New Zealand...
Posted On 17 Apr 2019
Trading recommendations for the GBPUSD currency pair, April 16, 2019
For the last trading day, the currency pair pound / dollar showed an extremely low volatility of 50 points, as a result of which having a low...
Posted On 16 Apr 2019
Indicator analysis. Daily review for April 16, 2019 for the pair EUR / USD
Trend analysis (Fig. 1). On Tuesday, the price may continue to move upwards. The first upper target of 1.1325 is the upper fractal. Fig. 1 (daily...
Posted On 16 Apr 2019
Dollar Muted As Equities Rally Ease Off
The US dollar closed Monday’s session unchanged as earnings reports from Goldman Sachs and Citi Group missed expectations, blaming...
Posted On 16 Apr 2019
Analysis of Gold for April 12, 2019
Gold has been trading sideways at the price of $1.291.00 in past 16 hours. We still expecting downward movement. According to the H4 time-frame,...
Posted On 12 Apr 2019
USD/JPY analysis for April 12, 2019
USD/JPY has been trading upwards as we expected. The price tested the level of 111.95. We are expecting more upside on this currency pair....
Posted On 12 Apr 2019
Bitcoin analysis for April 12, 2019
BTC has been trading sideways at the price of $5.047. We are still bearish and the downward movement is expected to happen. According to the H4...
Posted On 12 Apr 2019
GBP/USD: plan for the American session on April 12. The pound remains in the side channel
To open long positions on GBP/USD, you need: Pound buyers managed to form a false breakout from the support level of 1.3052, which I paid...
Posted On 12 Apr 2019
Oil market: growth factors and weak points
Oil prices continue to hold near five-month highs. How much more can they grow and what can prevent it? “A more significant than expected...
Posted On 12 Apr 2019
Technical analysis for Gold for April 11, 2019
Gold price continued its upward move towards our first short-term target of $1,310-15 area. Price back tested the support area at $1,300 and...
Posted On 11 Apr 2019
Elliott Wave analysis of BTC/USD for 11/04/2019
Technical market overview: The BTC/USD pair might have completed the Ending Diagonal pattern in wave (5) because the lower orange trendline was...
Posted On 11 Apr 2019
Elliott Wave analysis of ETH/USD for 11/04/2019
Technical market overview: The ETH/USD pair has made another rally towards the level of 183.34 but did not violate it. The market reversed...
Posted On 11 Apr 2019
EUR/USD: plan for the European session on April 11, 2019
To open long positions on EURUSD you need: European Central Bank President Mario Draghi’s statements were negatively perceived by the...
Posted On 11 Apr 2019
GBP/USD: plan for the European session on April 11. The UK can stay in the EU until October 31, 2019
To open long positions on GBP/USD you need: During yesterday’s vote, it was decided that the UK could remain in the EU until October 31,...
Posted On 11 Apr 2019
Bitcoin analysis for April 10, 2019
BTC has been trading continues to trade sideways at the price of $5.260 and with very slow momentum. BTC is in indecision zone and we would need...
Posted On 10 Apr 2019
Elliott wave analysis of EUR/JPY for April 10, 2019
EUR/JPY is finally breaking out of the narrow trading-rang and as we suspected, it breaks to the downside. A clear break below support at 124.94...
Posted On 10 Apr 2019
Elliott wave analysis of GBP/JPY for April 10, 2019
We continue to look for a break above minor resistance at 145.77 and more importantly a break above resistance at 146.00 that confirms more...
Posted On 10 Apr 2019
April 10, 2019 : EUR/USD Intraday technical analysis and trade recommendations.
On January 10th, the market initiated the depicted bearish channel around 1.1570. The bearish channel’s upper limit managed to push price...
Posted On 10 Apr 2019
April 10, 2019 : GBP/USD Intraday technical analysis and trade recommendations.
On January 2nd, the market initiated the depicted uptrend line around 1.2380. This uptrend managed to initiate two successive bullish waves...
Posted On 10 Apr 2019
Market Risk Appetite Wanes As IMF Cuts Growth Outlook
The International Monetary Fund (IMF) cut its global growth outlook once again. For the year 2019, growth is forecast to rise by 3.3% compared to...
Posted On 10 Apr 2019
Technical analysis of GBP/USD for 08/04/2019
Technical market overview: The GBP/USD pair has been trading inside of the range since the middle of the March and so far the price is just...
Posted On 09 Apr 2019
Control zones EURUSD 04/09/19
While the pair is trading below the NKZ 1/2 1.1285-1.1276, the main direction of trade is the fall. Yesterday’s maximum is formed near the...
Posted On 09 Apr 2019
Technical analysis for Gold for April 9, 2019
Gold price has broken above short-term resistance and is expected to move towards $1,315. Bulls need to recapture the $1,300 level as soon as...
Posted On 09 Apr 2019
Technical analysis for EURUSD for April 9, 2019
EURUSD as expected has broken through short-term resistance at 1.1220-1.1230 area and has risen towards the first important short-term target of...
Posted On 09 Apr 2019
USD Retreats As Factory Orders Weaken
The monthly factory orders report showed a 0.5% decline on the month matching estimates. The declines in February marks a fourth consecutive fall...
Posted On 09 Apr 2019
USD Firms As Unemployment Holds Steady
The payrolls report for March saw the US economy adding 196,000 jobs during the month. This beat expectations of a 175,000 increase for the...
Posted On 08 Apr 2019
Elliott Wave analysis of Ethereum for 05/04/2019
Technical market overview: The ETH/USD pair has been unfolding the wave 4 corrective cycle after the top for the wave 3 at the level of 177.13....
Posted On 05 Apr 2019
Technical analysis of GBP/USD for 05/04/2019
Technical market overview: At the GBP/USD market another move down is still on the table as the consolidation zone boundary is still the local...
Posted On 05 Apr 2019
Elliott Wave analysis of Bitcoin for 05/04/2019
Technical market overview: The BTC/USD pair has made three sub-waves down to the level of $4,798, so clearly the corrective cycle is still...
Posted On 05 Apr 2019
Technical analysis of EUR/USD for 05/04/2019
Technical market overview: The EUR/USD pair has not been able to break through the technical resistance at the level of 1.1249 and moved down...
Posted On 05 Apr 2019
EUR and GBP: the euro and pound will find it difficult to continue growth against the US dollar
The British pound managed to keep its position in pair with the US dollar, even though the data released on the weak PMI for the services sector...
Posted On 04 Apr 2019
Trading recommendations for the EURUSD currency pair – placement of trading orders (April 4)
The currency pair euro / dollar for the last trading day showed low volatility of 55 points, but still keeping us in the correction phase. From...
Posted On 04 Apr 2019
USD Slips On Weak ADP Report
The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential...
Posted On 04 Apr 2019
Trading recommendations for the currency pair GBPUSD – placement of trading orders (April 3)
For the last trading day, the currency pair pound / dollar showed a high volatility of 135 points again, as a result of throwing a quote to the...
Posted On 03 Apr 2019
Markets continue to play positive expectations
World markets played back another batch of optimism associated with new initiatives on Brexit and rumors that China and the United States are...
Posted On 03 Apr 2019
Burning forecast 04/03/2019
Brexit pressure has decreased: Theresa May is ready to make broad concessions to the opposition in Parliament. The media reports that Theresa May...
Posted On 03 Apr 2019
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use Privacy Policy