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Wave Tech Analysis

FxPro Forex Analysis: GBP/AUD broke key resistance level 1.7960

• GBP/AUD broke key resistance level 1.7960 • Further gains are likely GBP/AUD continues to rise inside the short-term impulse wave 3 - which recently broke through the key resistance level 1.7960 (which reversed the price multiple times in June and July, as can be seen below). The breakout of the resistance level 1.7960 was preceded by the breakout of the resistance trendline of the daily down channel from the middle of May. GBP/AUD is expected to rise further and retest the next resistance ...

Wave Tech Analysis

FxPro Forex Analysis: Wheat Wave Analysis – 31 August , 2018

• Wheat rising inside sharp impulse wave 3 • Further gains are likely Wheat continues to rise inside the sharp impulse wave 3 - which started recently from the support area lying between the round support level 500.00, lower daily Bollinger Band and the support trendline of the wide daily up channel from March. The upward reversal form this support area created the daily Japanese candlesticks reversal pattern Morning Star. Wheat is expected to rise further and retest the next resistance level ...

Alexander Kuptsikevich

FxPro Forex Analysis: The main trends of this summer on the crypto market

Currently, the Bitcoin (BTC) has demonstrated almost flat dynamics about 1% in the recent 24 hours after a correction from $7000 to $ 6835. The Bitcoin has been trading in the wide corridor since the beginning of February, and it seems that the BTC price of $7,000 is the limit of optimism now. We could emphasize this summer trends summarizing a few moments: First, the lack of ideas that prevented any rally from developing into a long-term market recovery. Then, the growth of a network ...

The FxPro Analyst Team

FxPro Forex Analysis: Argentine peso and Turkish lira frighten markets

The markets have been under pressure on Thursday and at the start of trading on Friday, the cautiousness is growing. S&P500 dropped by 0.4% on Thursday, while Dow lost 0.5%. On Friday morning, MSCI for Asia-Pacific region is declining by 0.8%, same as the Japanese Nikkei 225. The events around the Argentine currency were in the spotlight yesterday. The central bank of the country raised the interest rate from appalling 45% to unimaginable 60%, amid the depreciation of the exchange rate by more ...

Wave Tech Analysis

FxPro Forex Analysis: AUD/CHF Wave Analysis – 30 August , 2018

• AUD/CHF broke long-term support level 0.7140 • Further losses are likely AUD/CHF continues to fall inside the short-term impulse wave 3 - which recently broke through the long-term support level 0.7140 (which stopped the sharp downtrend in June of 2017, as can be seen below). The breakout of the support level 0.7140 accelerated the active short-term impulse wave 3 which belongs to the medium-term impulse sequence (3) from last May. AUD/CHF is expected to fall further and retest the next round ...

Wave Tech Analysis

FxPro Forex Analysis: Copper Wave Analysis – 30 August , 2018

• Copper reversed from resistance zone • Further losses are likely Copper recently reversed down from the resistance zone lying between the key resistance level 272.30, 50% Fibonacci correction of the previous downward impulse (i) and the resistance trendline of the daily down channel from June. The downward reversal from this resistance zone started the active short-term impulse wave (iii) which belongs to the medium-term impulse wave (C) from June. Copper is expected to fall further and ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 94.60, losing 0.2% for the last 24 hours. EURUSD is trading near 1.1690. The rise of the British Pound on Wednesday evening returned the pair to the levels above 1.1700, but now the momentum seems to be exhausted. Bullish: Optimism around the prospects of the UK-EU deal. The decline in the number of unemployed in Germany in August for 14 months in a row. Bearish: Upward revision of U.S. GDP growth in 2q18 from 4.0% to 4.2%. The fall of the Turkish Lira for ...

The FxPro Analyst Team

FxPro Forex Analysis: Risks of GBPUSD correction after jump as Chinese markets under pressure

The British pound maintains its position at 1.3020 on Thursday morning after rising by 1.2% from 1.2870 on Wednesday on the tone softening of the EU in the negotiations about Brexit. The chief negotiator from the EU suggested maintaining close ties with Britain, although outside the single market. These comments provoked the sharpest strengthening of the pound in 7 months by pulling the dollar index downwards. Technically, GDPUSD pair is now vulnerable to some correction after such a strong ...

Wave Tech Analysis

FxPro Forex Analysis: EUR/AUD Wave Analysis – 29 August , 2018

• EUR/AUD rising inside impulse wave 3 • Further gains are likely EUR/AUD continues to rise inside the short-term impulse wave 3 - which recently broke through the key resistance level 1.5870 (which has been steadily reversing the price from the middle of May). The breakout of this resistance level accelerated the active medium-term impulse wave (C) which belongs to the long-term impulse sequence from last year. EUR/AUD is expected to rise further and retest the next resistance level 1.6130 ...